Blocklisting Interim Review

Baronsmead VCT 3 PLC
29 September 2005

                                     SCHEDULE 5

                         BLOCK LISTING SIX MONTHLY RETURN



To:         Listing Applications

            UK Listing Authority

            Financial Services Authority

            25, The North Colonnade

            Canary Wharf

            London, E14 5HS


AVS No:

               Please ensure the entries on this return are typed

1.        Name of company

          BARONSMEAD VCT 3 plc

2.        Name of scheme

          ORDINARY SHARES - BLOCK LISTING

3.        Period of return: From 30 MARCH 2005 to  29 SEPTEMBER 2005

4.        Number and class of share(s) (amount of stock 2,077,855 ORDINARY SHARES
          /debt security) not issued under scheme

5.        Number of shares issued/allotted under scheme 196,592 ORDINARY SHARES
          during period:

6.        Balance under scheme not yet issued/allotted  1881,263 ORDINARY SHARES
          at end of period

7.        Number and class of share(s) (amount of stock 3,304,634 ORDINARY SHARES
          /debt securities) originally listed and the
          date of admission;


Please confirm total number of shares in issue at the end of the period in order 
for us to update our records

33,908,684 ORDINARY SHARES

LISTED ORDINARY SHARES 34,778,684


Contact for queries:                          Address:
Name: RHONDA NICOLL                           80 GEORGE STREET, EDINBURGH, EH2 3BU
Telephone: [phone]

Person making return

Name:

Position:

Signature:





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