Purchase of Own Securities

Baronsmead VCT 3 PLC
30 September 2003

To:          RNS

From:        Baronsmead VCT 3 plc

Date:        30 September 2003

Subject:     Purchase of Own Securities



The Board of Baronsmead VCT 3 plc announces that on 29 September 2003 the
Company purchased for cancellation 30,000 ordinary shares of 10p at a price of
87.75p.


Following this purchase there are now 33,977,410 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



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