Issue of Equity

Baronsmead VCT 3 PLC
07 November 2005


TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS

FROM:             Baronsmead VCT 3 plc

AVS NO:

DATE:             7 November 2005

SUBJECT:          Offer for Subscription



'C' Share Issue


The Board of Baronsmead VCT 3 plc is pleased to announce that applications have
been received in respect of 484,936 'C' shares at 100p per 'C' share which have
been issued on 7 November 2005.  Trading in these 'C' shares is expected to
commence on 8 November 2005 at 8.00am.


This brings the total number of 'C' shares in issue to 9,415,500.


David Thorp, ISIS EP LLP:                            0207 506 1609
Rhonda Nicoll, F&C Asset Management plc:             0131 465 1074





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