Transaction in Own Shares

Baronsmead VCT 3 PLC
16 March 2004

TO:           RNS

FROM:         Baronsmead VCT 3 plc

DATE:         16 March 2004

SUBJECT:      Purchase of Own Securities


The Board of Baronsmead VCT 3 plc announces that the Company has purchased for
cancellation 25,000 ordinary shares of 10p at a price of 87.0p.

Following this purchase there are now 33,717,410 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