Transaction in Own Shares

Baronsmead VCT 3 PLC
24 November 2004

TO:                  RNS

FROM:                Baronsmead VCT 3 plc

DATE:                24 November 2004

SUBJECT:             Transaction in Own Shares


The Board of Baronsmead VCT 3 plc announces that the Company has purchased for
cancellation 90,000 ordinary shares of 10p at a price of 92p.


Following this purchase there are now 33,606,024 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