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Sgr & Frdlndr AIM 3 (VICT)

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Tuesday 20 July, 2004

Sgr & Frdlndr AIM 3

Transaction in Own Shares

Singer & Friedlander AIM 3 VCT PLC
20 July 2004

SINGER & FRIEDLANDER AIM 3 VCT PLC

PURCHASE OF OWN SHARES

The Company purchased for cancellation on 19th July 2004 100,000 Ordinary Shares
at 78.35 pence per share. Following this, the outstanding issued share capital
is 32,410,860 ordinary shares.




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