Transaction in Own Shares

Baronsmead VCT 3 PLC
18 October 2004

TO:           RNS

FROM:         Baronsmead VCT 3 plc

DATE:         18 October 2004

SUBJECT:      Transaction in Own Shares







The Board of Baronsmead VCT 3 plc announces that the Company has purchased for
cancellation 120,000 ordinary shares of 10p at a price of 91.25p.



Following this purchase there are now 33,761,024 ordinary shares of 10p in
issue.



For further information please contact:



David Thorp, ISIS Equity Partners plc :                      0207 506 1100

Rhonda Nicoll, F & C Asset Management plc :                  0131 465 1000


                      This information is provided by RNS
            The company news service from the London Stock Exchange