Offers for Subscription

Baronsmead VCT 3 PLC
1 March 2001


Offers for Subscription 

The Board of Baronsmead VCT 3 plc announces that in response to strong demand
from investors, it is offering for subscription up to 2,999,999 new ordinary
shares at 100p per new ordinary share. 

It is anticipated that this Offer will close very shortly.




For further information please contact:

David Thorp, Friends Ivory & Sime plc:              0207 506 1100
Keith Hannay, Friends Ivory & Sime plc:             0131 465 1000