Transaction in Own Shares

Baronsmead VCT 3 PLC
14 April 2004


TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS


FROM:          Baronsmead VCT 3 plc


DATE:          14 April 2004


SUBJECT:       Transaction in Own Shares



The Board of Baronsmead VCT 3 plc announces that the Company purchased for
cancellation on 8 April 2004 50,000 ordinary shares of 10p at a price of 87p.


Following this purchase there are now 34,258,170 ordinary shares of 10p in
issue.


For further information please contact:

Gary Fraser, ISIS Asset Management plc:
0131 465 1000

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