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Sgr & Frdlndr AIM 3 (VICT)

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Friday 16 July, 2004

Sgr & Frdlndr AIM 3

Transaction in Own Shares

Singer & Friedlander AIM 3 VCT PLC
16 July 2004

SINGER & FRIEDLANDER AIM 3 VCT PLC

PURCHASE OF OWN SHARES

The Company purchased for cancellation on 15th July 2004 150,000 Ordinary Shares
at 80.50 pence per share. Following this, the outstanding issued share capital
is 32,510,860 ordinary shares.




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