Purchase of Own Securities

Baronsmead VCT 3 PLC
29 August 2003

TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS


FROM:          Baronsmead VCT plc


DATE:          29 August 2003


SUBJECT:       Purchase of Own Securities


The Board of Baronsmead VCT plc announces that on 28 August 2003 the Company
purchased for cancellation 80,000 ordinary shares of 10p at a price of 81.5p.


Following this purchase there are now 23,361,154 ordinary shares of 10p in
issue.


For further information please contact:


                                        David Thorp, ISIS Equity Partners plc:
                                                       0207 506 1100

                                        Rhonda Nicoll, ISIS Asset Management
                                        plc:          0131 465 1000



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