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Sgr & Frdlndr AIM 3 (VICT)

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Friday 24 September, 2004

Sgr & Frdlndr AIM 3

Transaction in Own Shares

Singer & Friedlander AIM 3 VCT PLC
24 September 2004

SINGER & FRIEDLANDER AIM 3 VCT PLC

PURCHASE OF OWN SHARES

The Company purchased for cancellation on 24th September 2004 225,000 Ordinary
Shares at 77.93 pence per share. Following this, the outstanding issued share
capital is 32,135,860 ordinary shares.




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