Board Change

Murray VCT 3 PLC
09 February 2005


For immediate release: 9 February 2005


                                  Board Change


Murray VCT 3 PLC announces that Michael Walker resigned from the Board yesterday
with immediate effect.


Peter Timms, Chairman of Murray VCT 3 PLC, commented: 'It is not our intention
to replace Michael at this time as we currently have in place an experienced
Board'.

For further information please contact:

Murray VCT3 PLC                    Tavistock Communications
Peter Timms                        Clemmie Carr
Chairman                           John West
Tel: [phone]                  Tel: [phone]


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