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Sgr & Frdlndr AIM 3 (VICT)

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Monday 10 March, 2003

Sgr & Frdlndr AIM 3

Directorate Change

Singer & Friedlander AIM 3 VCT PLC
10 March 2003

Singer & Friedlander AIM 3 VCT plc

Due to additional businesses responsibilities being taken on by Mr Richard
Bernays he has today resigned from his position as Chairman and Non-Executive
Director of the Company.

The Board is expected to announce the appointment of an independent Chairman and
Non-Executive Director shortly.

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