Purchase of Own Securities

Baronsmead VCT 3 PLC
22 August 2002


TO:    RNS

FROM:  Baronsmead VCT 3 plc

DATE:  22 August 2002



SUBJECT:  Purchase of Own Securities

The Board of Baronsmead VCT 3 plc announces that the Company has purchased for
cancellation 20,000 ordinary shares of 10p at a price of 85.5p.

Following this purchase there are now 33,380,146 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





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