Rule 2.10 Announcement

Murray VCT 3 PLC
23 June 2005


For immediate release: 23 June 2005


                        Murray VCT 3 plc (the 'Company')

The Board notes the announcement released today by Murray VCT 2 plc which states
that the directors of that company have begun to examine in detail the
feasibility of merging the interests of Murray VCT 2 plc with Murray VCT plc and
Murray VCT plc 3.

As a result of this announcement the Company is now in an offer period under the
City Code on Takeovers and Mergers (the 'City Code').

Therefore, in accordance with Rule 2.10 of the City Code the Company announces
that it has in issue 39,952,670 ordinary shares of 10p each. The International
Securities Identification Number (ISIN) for the ordinary shares is GB0002577434.


Dealing Disclosure Requirements

Under the provisions of Rule 8.3 of the City Code, any person who, alone or
acting together with any other person(s) pursuant to an agreement or
understanding (whether formal or informal) to acquire or control relevant
securities of Murray VCT PLC, Murray VCT 2 PLC or Murray VCT 3 PLC, owns or
controls, or becomes the owner or controller, directly or indirectly, of one per
cent or more of any class of securities of Murray VCT PLC, Murray VCT 2 PLC or
Murray VCT 3 PLC is required to disclose, by not later than 12.00 noon (London
time) on the London business day following the date of the relevant transaction,
dealings in such securities of that company (or in any option in respect of, or
derivative referenced to, any such securities) during the period to the date on
which the offer becomes or is declared unconditional as to acceptances or lapses
or is otherwise withdrawn.

Under the provisions of Rule 8.1 of the City Code, all dealings in relevant
securities of Murray VCT PLC, Murray VCT 2 PLC or Murray VCT 3 PLC by Murray VCT
PLC, Murray VCT 2 PLC or Murray VCT 3 PLC or by any of their respective
'associates' (within the meaning of the City Code) must also be disclosed.

If you are in any doubt as to the application of Rule 8 to you, please contact
an independent financial adviser authorised under the Financial Services and
Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or
contact the Panel on telephone number [phone]; fax [phone].


Enquiries:

Patrick Reeve/Emil Gigov Tel: [phone]
Close Venture Management Limited

Derek Douglas/David Gaffney Tel: [phone]
Beattie Communication Group




                      This information is provided by RNS
            The company news service from the London Stock Exchange