Transaction in Own Shares

Baronsmead VCT 3 PLC
29 June 2004

TO: LONDON STOCK EXCHANGE, COMPANY ANNOUNCEMENTS


FROM:          Baronsmead VCT 3 plc

AVS NO:

DATE:          29 June 2004

SUBJECT:       Transaction in Own Shares






The Board of Baronsmead VCT 3 plc announces that the Company purchased for
cancellation today 75,000 ordinary shares of 10p at a price of 89.5p.


Following this purchase there are now 34,033,170 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



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