Purchase of Own Securities

Baronsmead VCT 3 PLC
28 June 2002

TO:            RNS

FROM:          Baronsmead VCT 3 plc

DATE:          28 June 2002

SUBJECT:       Purchase of Own Securities




The Board of Baronsmead VCT 3 plc announces that the Company has purchased for
cancellation 100,000 ordinary shares of 10p at a price of 86p.

Following this purchase there are now 33,400,146 ordinary shares of 10p in
issue.

For further information please contact:


David Thorp, ISIS Capital plc :                0207 506 1100

Rhonda Nicoll, Friends Ivory & Sime plc :      0131 465 1000




                      This information is provided by RNS
            The company news service from the London Stock Exchange