Result of AGM

Baronsmead VCT 3 plc                              

                                (the "Company")                                

                                 Result of AGM                                 

The Company announces that all of the resolutions put to the shareholders at
the Company's Annual General Meeting held at Plaisterers' Hall, One London
Wall, London EC2Y 5JU on Monday, 14 April 2014 were duly passed.

Resolutions 1 to 8 were passed as Ordinary Resolutions and Resolutions 9 to 12
were passed as Special Resolutions. The resolutions are set out below:

Resolution 1: That the Report and Accounts for the year to 31 December 2013 be
received.

Resolution 2 That the Directors' Remuneration Report for the year ended 31
December 2013 be approved.

Resolution 3 That the Directors' Remuneration Policy be approved.

Resolution 4: That Anthony Townsend be re-elected as a Director of the Company.

Resolution 5: That Andrew Karney be re-elected as a Director of the Company.

Resolution 6: That Gillian Nott be re-elected as a Director of the Company.

Resolution 7: That KPMG LLP be appointed as the independent auditor and that
the directors of the Company be authorised to determine their remuneration.

Resolution 8: That the Directors be authorised to allot shares in accordance
with section 551 of the Companies Act 2006.

Resolution 9: That the Directors be authorised to disapply pre-emption rights
under sections 570 and 573 of the Companies Act 2006.

Resolution 10: That the Company be authorised to make market purchases of its
own ordinary shares.

Resolution 11: That general meetings may be called on not less than 14 clear
days' notice.

Resolution 12: That the share premium account of the Company be cancelled.

A notice of the resolutions passed will shortly be available via the National
Storage Mechanism, which is located at www.morningstar.co.uk/uk/NSM

For further information please contact Michael Probin, VCT Investor Relations
ISIS EP LLP Tel: [phone]