Transaction in Own Shares

Baronsmead VCT 3 PLC
19 March 2008

TO:                  RNS

FROM:                Baronsmead VCT 3 plc

DATE:                19 March 2008

SUBJECT:             Transaction in Own Shares

The Board of Baronsmead VCT 3 plc announces that on 19 March 2008 the Company
purchased 460,000 ordinary shares of 10p at a price of 106.5p per share to be
held in Treasury.

The Company's issued ordinary share capital consists of 58,226,997 with voting
rights of which 3,640,000 are held in Treasury.  Therefore the total number of
shares with voting rights in Baronsmead VCT 3 plc is 54,586,997.

The above figure (54,586,997) may be used by shareholders as the denominator for
the calculations by which they will determine if they are required to notify
their interest in, or a change to their interest in, Baronsmead VCT 3 plc under
the FSA's Disclosure and Transparency Rules.

For further information please contact:

David Thorp, ISIS EP LLP:                                        0207 506 5631
Rhonda Nicoll, F&C Asset Management plc:                         0131 718 1074


                      This information is provided by RNS
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