Result of AGM

Baronsmead VCT 3 plc                               

                                (the "Company")                                

                                 Result of AGM                                 

The Company announces that all of the resolutions put to the shareholders at
the Company's Annual General Meeting held at the London Stock Exchange, 10
Paternoster Square, London on 6 April 2011 were duly passed.

Resolutions 1 to 7 related to Ordinary Business. Resolution 8 to 13 related to
Special Business, as set out below:

Resolution 8: To extend the authority to allot shares in accordance with
statutory pre-emption rights pursuant to section 551 of the Companies Act 2006.

Resolution 9: To empower the Directors to allot shares pursuant to section 570
and 573 of the Companies Act 2006.

Resolution 10: To extend the authority to make market purchases of the
Company's shares pursuant to section 693 (4) of the Companies Act 2006.

Resolution 11: To authorise the Directors to hold general meetings on 14 clear
days notice.

Resolution 12: To authorise the cancellation of the share premium account of
the Company.

Resolution 13: To authorise the cancellation of capital redemption reserve of
the Company.

Under the Listing Rule 9.6, a copy of the resolutions will be submitted to the
UK Listing Authority, and will shortly be available via the National Storage
Mechanism, which is located at http://www.hemscott.com/

For further information please contact Michael Probin, VCT Investor Relations

ISIS EP LLP Tel: [phone]