Issue of Equity

Baronsmead VCT 3 PLC
25 September 2007

To:          RNS

Date:        25 September 2007

Company:     Baronsmead VCT 3 plc

Subject:     Issue of Ordinary Shares



BARONSMEAD VCT 3 PLC ORDINARY SHARES

OFFER FOR SUBSCRIPTION FOR THE STERLING EQUIVALENT OF €2.5M



On 14 August 2007 the Company issued an Offer for Subscription of Ordinary
Shares to raise up to the sterling equivalent of €2.5m.  The Board of Baronsmead
VCT 3 plc is pleased to announce that applications totalling £708,916 were
received from existing shareholders by the time the Offer closed on 24 September
2007. As the Offer was not fully subscribed, all valid applications have been
accepted in full.



Pursuant to the Offer for subscription, a further 541,129 Ordinary shares of 10
pence per share have been allotted and issued today at an offer price of 131
pence per Ordinary share.  Trading in these new shares is expected to commence
on 26 September at 8.00am.



The Company's issued Ordinary share capital consists of 35,433,521 with voting
rights, of which 3,180,000 are held in Treasury.  Therefore the total number of
Ordinary shares with voting rights in Baronsmead VCT 3 plc is 32,253,521.



This figure (32,253,521) may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or change to their interest in, Baronsmead VCT 3 plc under the
FSA's Disclosure and Transparency Rules.





For further information please contact:



Michael Probin,    ISIS EP LLP:                         0207 506 5796
Ian Ridge, F&C Asset Management plc:                    0131 718 1010














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