Transaction in Own Shares

Baronsmead VCT 3 PLC
17 December 2003


TO:           LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS

FROM:          Baronsmead VCT 3 plc

DATE:          17 December 2003

SUBJECT:     Transaction in Own Shares


The Board of Baronsmead VCT 3 plc announces that the Company purchased for
cancellation today 15,000 ordinary shares of 10p at a price of 89.25p.

Following this purchase there are now 33,962,410 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


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

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