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Sgr & Frdlndr AIM 3 (VICT)

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Thursday 31 March, 2005

Sgr & Frdlndr AIM 3

Issue of Equity

Singer & Friedlander AIM 3 VCT PLC
31 March 2005

31 March 2005


              Singer & Friedlander AIM 3 VCT plc ( 'the Company')

              Offers for subscription of 'C' Shares ('the Offers')

The Directors of Singer & Friedlander AIM 3 VCT plc are pleased to announce the
initial allotment on 31 March 2005 of 336,686 'C' shares of 5 pence each
pursuant to the Offers (made pursuant to the Prospectus dated 13 September 2004
and the Supplementary Prospectus dated 7 March 2005).  The price at which the
'C' shares were allotted was 100p per share.

Dealings in the 'C' shares are expected to commence on Monday 4 April 2005 and
definitive documents of title are expected to be dispatched within 15 business
days of that date.

The offer for subscription of 'C' shares in respect of the 2005/2006 tax year is
expected to remain open until 10.00 a.m. on 29 April 2005.


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