Result of General Meeting

11 December 2012

Baronsmead VCT 3 PLC

RESULT OF GENERAL MEETING

Following the General Meeting held today, Baronsmead VCT 3 plc ("the Company")
announces that the ordinary resolution proposed in connection with the
amendment of the Company's investment policy in the terms set out in the
Company's shareholder circular of 20 November 2012 was duly passed on a show of
hands.

The proxy voting on the resolution is set out below.

                                        Withheld     For           Against     Discretion

No. of shares voted                     45,916       6,489,217     194,537     535,892

No. of shares voted as % of
shares voted                                         89.88         2.69        7.43

No. of shares voted as % of
voting share capital                                 10.34         0.31        0.85

The offer for subscription of ordinary shares pursuant to the Company's
prospectus dated 20 November 2012 is now open. The first allotment of ordinary
shares is expected to take place on 21 December 2012.

A copy of the resolution passed will be submitted to the National Storage
Mechanism and will shortly be available for inspection at 
http://www.morningstar.co.uk/uk/NSM.

For further information please contact:
Michael Probin ISIS EP LLP T: 020 7506 5796