Issue of Equity

Baronsmead VCT 3 PLC
7 February 2001


2000/2001 Offer for Subscription 

The Board of Baronsmead VCT 3 plc is pleased to announce that further
applications have been received in respect of the 2000/2001 Offer for
Subscription totalling 2,749,621 ordinary shares which have been allotted and
issued on 7 February 2001.  This brings the total number of ordinary shares
issued under the 2000/2001 Offer for Subscription to 12,314,965 ordinary
shares.  Trading in these new shares is expected to commence on 8 February
2001 at 8.00 am.

In addition, a total of 1,151,377 ordinary shares have been received for the
2001/2002 Offer for Subscription.



For further information please contact:

David Thorp, Friends Ivory & Sime plc:              0207 506 1100
Rhonda Nicoll, Friends Ivory & Sime plc:            0131 465 1074