Transaction in Own Shares

Baronsmead VCT 3 PLC
19 May 2004

TO:           RNS

FROM:          Baronsmead VCT 3 plc

DATE:          19 May 2004

SUBJECT:     Transaction in Own Shares


The Board of Baronsmead VCT 3 plc announces that the Company has purchased for
cancellation 150,000 ordinary shares of 10p at a price of 86.5p.


Following this purchase there are now 34,108,170 ordinary shares of 10p in
issue.


For further information please contact:


              David Thorp, ISIS Equity Partners plc :       0207 506 1100

              Rhonda Nicoll, ISIS Asset Management plc :    0131 465 1000



                      This information is provided by RNS
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