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Sgr & Frdlndr AIM 3 (VICT)

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Thursday 12 June, 2003

Sgr & Frdlndr AIM 3

Directorate Change

Singer & Friedlander AIM 3 VCT PLC
12 June 2003

Singer & Friedlander AIM 3 VCT PLC
Appointment of Non-Executive Director and Chairman

The Board of Singer & Friedlander AIM 3 VCT plc are pleased to announce the
appointment of Mr Christopher Moorsom ('age 60') as an independent non-executive
director and to the position of Chairman of the Company with effect from 12th
June 2003.

Mr Moorsom has over thirty years of experience in the financial services
industry. He was the Managing Director of a Stockbroking firm which merged with
Albert E Sharp in 1990. He became Managing Director of the merged firm.
Following the acquisition of Albert E Sharp by Old Mutual plc and subsequent
mergers with Capel Cure Myers and Greig Middleton the business was renamed as
Gerrard. He became Joint Managing Director of Gerrard and Chairman of Gerrard
Investment Funds until 2001 when he became Vice Chairman of Gerrard.

He has recently been appointed a governor of the Royal Welsh College of Music
and Drama.

There are no details requiring disclosure in relation to Mr Moorsom under
paragraph 6.F 2 (b) to (g) of the UKLA Listing Rules.

For and on behalf of

Singer & Friedlander Secretaries Limited

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