Transaction in Own Shares

Baronsmead VCT 3 PLC
18 March 2005


TO:           RNS
FROM:         Baronsmead VCT 3 plc
DATE:         18 March 2005
SUBJECT:      Transaction in Own Shares


The Board of Baronsmead VCT 3 plc announces that on 18 March 2005 the Company
purchased for cancellation 150,000 ordinary shares of 10p at a price of 98p.

Following this purchase there are now 32,636,024 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



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