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Sgr & Frdlndr AIM 3 (VICT)

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Friday 03 February, 2006

Sgr & Frdlndr AIM 3

Merger Update

Singer & Friedlander AIM 3 VCT PLC
03 February 2006


                                                                 3 February 2006

                SINGER & FRIEDLANDER AIM 3 VCT PLC ('S&F 3 VCT')

                                 RESULT OF EGM

The Board of S&F 3 VCT is pleased to announce that, at an Extraordinary General
Meeting of its shareholders held earlier today, inter alia in connection with
the recommended Merger of S&F 3 VCT with S&F VCT and S&F 2 VCT, the resolutions
proposed received the overwhelming support of shareholders and were passed by
the requisite majorities.

The Merger remains subject to sanction of the Scheme by the Court and subject to
the satisfaction or waiver of the conditions set out in Part XIII of the
Prospectus and in Part III of the circulars to shareholders of S&F VCT and S&F 2
VCT dated 11 January 2006.  It is anticipated that the Court hearing to sanction
the Scheme will take place on 21 February 2006 and that, subject to the
satisfaction or waiver of such conditions and the sanction of the Court, the
Merger will become effective on 22 February 2006.

In light of the approval of the Merger by S&F 3 VCT Shareholders, no
announcement will be made of the unaudited net asset value for the S&F 3 VCT
Shares until following the Merger becoming effective.

Terms used in this announcement have the meanings set out in the circular to
shareholders dated 11 January 2006.

The directors of S&F 3 VCT accept responsibility for the information contained
in this announcement.  To the best of the knowledge and belief of the S&F 3 VCT
directors (who have taken all reasonable care to ensure that such is the case),
the information contained in this announcement is in accordance with the facts
and does not omit anything likely to affect the import of such information.


Singer & Friedlander Investment Management Limited
Tel: 020 7623 3000
Andrew Banks
Trina Hill

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