Net Asset Value(s)

Baronsmead VCT 3 PLC
15 May 2006





To:          RNS

Date:        15 May 2006

Company:     Baronsmead VCT 3 plc

Subject:     Net Asset Value of Ordinary Shares and C Shares at 31 March 2006



The Board of Baronsmead VCT 3 plc announces that the net asset value of the
ordinary shares at 31 March 2006 was 123.24p per share, after the payment of a
3.5p final dividend paid to ordinary shareholders on 20 March 2006.  This
represents an increase in net asset value of 5.1% over the three months from 31
December 2005.


The Board of Baronsmead VCT 3 plc announces that the net asset value of the C
Shares at 31 March 2006 was 95.52p per share.


The total return of ordinary shares of Baronsmead VCT 3 plc (net of all costs)
over the last 12 months and since launch, compared to the FTSE All-Share Index
(total return) are:


                               12 months to       Since Launch 29//01/01 to
                               31/03/06              31/03/06

Baronsmead VCT 3 plc           +19.0%               +56.4%
FTSE All-Share                 +28.0%               +18.4%



The total return for Baronsmead VCT 3 plc does not include the benefit of the
VCT tax reliefs that apply to qualifying shareholders.




For further information contact:



David Thorp, ISIS EP LLP:                            0207 506 1609
Rhonda Nicoll, F&C Asset Management plc:             0131 465 1074




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

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