Interim Dividend Declaration

Baronsmead VCT 3 PLC
07 July 2004


To:   RNS
     
From: Baronsmead VCT 3 plc

Date: 7 July 2004




INTERIM DIVIDEND

* Dividend of 1.8p (net) per ordinary share.


The Board of Baronsmead VCT 3 plc is pleased to announce that the Company will
pay an interim dividend of 1.8 pence per ordinary share on 12 August 2004 to
shareholders on the register on 16 July 2004.

The interim dividend incorporates the distribution of net revenues of 0.3 pence
per share for the six months to 30 June 2004 and the distribution of the profits
from the sale of investments of 1.5 pence per share. These dividends are tax
free for qualifying shareholders.

The interim dividend of 1.8 pence per share brings the total tax free dividends
paid / declared since launch in January 2001 to 11.1 pence per share.



For further information please contact:

David Thorp ISIS Equity Partners plc 020 7506 1601
Rhonda Nicoll ISIS Asset Management plc 0131 465 1000




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