EGM Statement

Baronsmead VCT 3 PLC
09 August 2006


To:                  RNS

Date:                9 August 2006

Company:             Baronsmead VCT 3 plc


Extraordinary General Meeting Result


The Company announces that at the Extraordinary General Meeting held on 8 August
2006, a resolution to renew the Company's existing authority to dis-apply
pre-emption rights in respect of the allotment or sale from Treasury of up to 10
per cent of the listed share capital of the Company was successfully passed.
The Board was delighted with the support received as over 23% of the Company's
shareholders voted on the resolution, 92% voted in favour and 8% against.


The Board of Directors is now mandated by shareholders to sell Treasury shares
at a discount to the prevailing net asset value per share if the Board consider
it to be in the best interest of the Company to do so.  However, Treasury shares
will never be sold at a discount wider than the discount prevailing at the time
the shares were initially bought back by the Company.



For further information contact:



David Thorp, ISIS EP LLP:                                         0207 506 1609

Rhonda Nicoll, F&C Asset Management plc:                          0131 465 1074


                      This information is provided by RNS
            The company news service from the London Stock Exchange