Dividend Declaration & Future Fundraising

Baronsmead VCT 3 - Future fundraising and second interim dividend

Fundraising

The current market conditions for new investment are more attractive in terms
of pricing than for some years and as a consequence the Board has been
considering how best to take advantage of this. Baronsmead VCT 3 plc intends to
raise up to £8m through issuing ordinary shares under its existing authorities
(with the Board having the discretion to increase the size of the offering,
subject to a maximum fundraising of approximately £12m).  The preparation of
the documentation with regard to a joint fundraising to be undertaken in
conjunction with Baronsmead VCT 4 plc is currently under way and it is expected
that the documents relating to this joint fundraising will be published in
January 2010.

Second interim dividend

The Board of Baronsmead VCT 3 plc has declared that a second interim dividend
of 4.5 pence per ordinary share will be paid in lieu of a final dividend for
the year to 31 December 2009. The second interim dividend is payable on 30
December 2009 to shareholders on the register on 11 December 2009 with an
ex-dividend date of 9 December 2009.

For further details please contact:

Michael Probin ISIS EP LLP 020 7506 5796