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Sgr & Frdlndr AIM 3 (VICT)

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Monday 04 April, 2005

Sgr & Frdlndr AIM 3

Issue of Equity

Singer & Friedlander AIM 3 VCT PLC
04 April 2005

4 April 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
further allotment on 04 April 2005 of 8,000 '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 new 'C' shares are expected to commence on Tuesday 5 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              VISIIE