Issue of Equity

Baronsmead VCT 3 PLC
24 August 2007

To:                RNS

From:              Baronsmead VCT 3 plc

Date:              24 August 2007

Subject:           Offer for subscription of Ordinary Shares to raise up to the
                   sterling equivalent of €2.5 million and an Offer for
                   subscription of C Shares to raise up to the sterling 
                   equivalent of €2.5 million

A copy of the above documents have been submitted to the UK Listing Authority
and will shortly be available for inspection at the UKLA's Document Viewing
Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

For further information please contact:

Rhonda Nicoll, F&C Asset Management plc:            0131 718 1074


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