Appointment of a broker

Baronsmead VCT 3 PLC                              

The Board of Baronsmead VCT 3 plc (the "Company") is pleased to announce the
appointment of Matrix Corporate Capital LLP as the Company's corporate broker
with immediate effect.

For further information contact: 

Michael Probin   ISIS EP LLP:        020 7506 5796 
Paul Forster     ISIS EP LLP:        020 7506 5652

End.