Blocklisting Interim Review

Baronsmead VCT 3 PLC
20 March 2006

                        BLOCKLISTING SIX MONTHLY RETURN



Information provided on this form must be typed or printed electronically.



To:  The FSA



Date: 20 March 2006



1. Name of applicant:


Baronsmead VCT 3 plc



2. Name of scheme


Ordinary Shares - Block Listing



3. Period of return:


From      30 September 2005                          To     20 March 2006



4. Balance under scheme from previous return:


1,881,263 - Ordinary Shares



5. The amount by which the block scheme has been increased, if the scheme has
been increased since the date of the last return


n/a



6. Number of securities issued/allotted under scheme during period:


313,708 Ordinary Shares



7 Balance under scheme not yet issued/allotted at end of period


1,567,555 Ordinary Shares



8. Number and class of securities originally listed and the date of admission


3,304,634 Ordinary Shares



9. Total number of securities in issue at the end of the period


33,377,392 Ordinary Shares
Listed Ordinary shares 35,092,392




Name of contact            Rhonda Nicoll


Address of contact         80 George Street, Edinburgh  EH2  3BU


Telephone number of contact             0131 465 1000



Signed by .........................................

Director/company secretary/suitably experienced employee/duly authorised
officer, for and on behalf of



Name of applicant .........................................



If you knowingly or recklessly give false or misleading information you may be
liable to prosecution.




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