Directorate Change

BARONSMEAD VCT 3 PLC

21 October 2010

APPOINTMENT OF A NEW DIRECTOR

The Board of Baronsmead VCT 3 plc is pleased to announce that Ian Orrock has
been appointed as a Director of the Company with effect from 21 October 2010.

Ian Orrock has wide experience having founded, developed and sold a number of
businesses particularly focusing on the international technology and telecoms
sectors, and has also worked at board level in global organisations. He is
currently a non-executive director of Henderson Private Equity Investment Trust
Plc and is a director of a number of private companies.

Anthony Townsend, Chairman of Baronsmead VCT 3 plc, commented:

"We are very pleased to welcome Ian Orrock as a Director. He has had lengthy
experience of working in and with smaller companies in the UK and understands
them well. In addition he has served on the board of two investment trusts,
specialising in the smaller company and private equity sectors respectively; he
is as a result familiar with our investment process and style. We are confident
that he will make a very useful contribution to our Board."

In accordance with the requirements of Listing Rule LR 9.6.13, the Company
confirms that Ian Orrock was formerly a Director of Vianet Group Plc, Fobel Plc
and Computer Resources (Group) Ltd. Vianet Group Plc and Computer Resources
(Group) Ltd went into receivership in 2008 and 1981 respectively and Fobel Plc
went into liquidation in 1990. No additional details need to be disclosed in
respect of paragraphs 9.6.13(1) to (6) of the Financial Services Authority
Listing Rules.

For further information please contact:

Michael Probin Investor Relations ISIS EP LLP: 020 7506 5796

END