Issue of Equity

Baronsmead VCT 3 PLC
25 February 2008




To:        RNS

Date:      25 February 2008

Company:   Baronsmead VCT 3 plc

Subject:   Issue of Ordinary Shares


BARONSMEAD VCT 3 PLC ORDINARY SHARES

OFFER FOR SUBSCRIPTION FOR THE STERLING EQUIVALENT OF €1.5M


On 28 January 2008 the Company issued an Offer for Subscription of Ordinary
Shares to raise up to the sterling equivalent of €1.5m.  The Board of Baronsmead
VCT 3 plc is pleased to announce that applications totalling £1,118,000 were
received from existing shareholders by the time the Offer closed on 22 February
2008.

Pursuant to the Offer for subscription, a further 894,398 Ordinary shares of 10
pence per share have been allotted and issued today at an offer price of 125
pence per Ordinary share.  Trading in these new shares is expected to commence
on 26 February at 8.00am.

The Company's issued Ordinary share capital consists of 58,226,997 with voting
rights, of which 3,180,000 are held in Treasury.  Therefore the total number of
Ordinary shares with voting rights in Baronsmead VCT 3 plc is 55,046,997.

This figure (55,046,997) may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or change to their interest in, Baronsmead VCT 3 plc under the
FSA's Disclosure and Transparency Rules.




For further information please contact:

Michael Probin,    ISIS EP LLP:                      0207 506 5796
Rhonda Nicoll, F&C Asset Management plc:             0131 718 1010





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