Net Asset Value(s)

Baronsmead VCT 3 PLC
11 November 2005





To:       RNS



Date:     11 November 2005

Company:  Baronsmead VCT 3 plc

Subject:  Net Asset Value at 30 September 2005


The Board of Baronsmead VCT 3 plc announces that the net asset value at 30
September 2005 was 114.11p per share, based on AiM-traded investments priced at
bid.  This represents an increase in net asset value of 2.9% over the three
months from 30 June 2005.



Taken account of changes in the bid value of the AiM-traded investments since 30
September 2004, the Company's net asset value at 31 October 2005 is 112.01p per
share.



The total return, based on AiM-traded investments priced a mid, 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 30/09/05
                                   30/09/05

Baronsmead VCT 3 plc                 +19.4%               +42.6%
FTSE All-Share                       +24.9%               +5.1%



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 Equity Partners plc:                      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