Director/PDMR Shareholding

Baronsmead VCT 3 PLC
06 October 2005

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS



1. Name of company


Baronsmead VCT 3 plc



2. Name of director


Andrew Karney



3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18 or in respect of a non-beneficial
interest


As 2



4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them (if notified)


As 2



5. Please state whether notification relates to a person(s) connected with the
director named in 2 above and identify the connected person(s)


As 2



6. Please state the nature of the transaction. For PEP transactions please
indicate whether general/single co PEP and if discretionary/non discretionary


Dividend Reinvestment Scheme



7. Number of shares / amount of stock acquired


587



8. Percentage of issued class


0.002



9. Number of shares/amount of stock disposed


N/A



10. Percentage of issued class


N/A



11. Class of security


Ordinary



12. Price per share


111.3p



13. Date of transaction


29/09/05



14. Date company informed


06/10/05



15. Total holding following this notification


33,295



16. Total percentage holding of issued class following this notification


0.1



If a director has been granted options by the company please complete the
following boxes.



17. Date of grant


N/A



18. Period during which or date on which exercisable


N/A



19. Total amount paid (if any) for grant of the option


N/A



20. Description of shares or debentures involved: class, number


N/A



21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at time of exercise


N/A



22. Total number of shares or debentures over which options held following this
notification


N/A



23. Any additional information


N/A



24. Name of contact and telephone number for queries


Andrew Nicholson, F&C Asset Management, 0131 465 1071



25. Name and signature of authorised company official responsible for making
this notification


Rhonda Nicoll, Company Secretary



Date of Notification


06/10/05



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