Net Asset Value(s)-Amendment

Baronsmead VCT 3 PLC
15 May 2007

This announcement replaces the announcement released 15 May 2007 at 9.38am (RNS
No:  6013W).  The only replacement is in the first paragraph instead of '3.5p
final dividend paid on 25 April 2007' it should read 4p.

To:            RNS

Date:          15 May 2007

Company:       Baronsmead VCT 3 plc

Subject:       Net Asset Value of Ordinary Shares and C Shares at 31 March 2007


The Board of Baronsmead VCT 3 plc announces that the Net Asset Value (NAV) of
the ordinary shares at 31 March 2007 was 133.20p per share, before providing for
the 4p final dividend paid on 25 April 2007.

The Board of Baronsmead VCT 3 plc announces that the NAV of the C Shares at 31
March 2007 was 106.32p per share, before providing for the 2p final dividend
paid on 25 April 2007.

The total returns to ordinary shareholders (AIC methodology) over 1 year and 3
years are detailed below:

                                               1 year to              3 years to
Total Return                                    31/03/07               31/03/07
NAV                                              +10.2%                 +48.0%
Share Price                                      +15.9%                 +56.4%
FTSE All-Share                                   +11.2%                 +64.4%


These returns do 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 5631
Rhonda Nicoll, F&C Asset Management plc:                          0131 718 1074




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