Transaction in Own Shares

Baronsmead VCT 3 PLC
30 March 2007

TO:                  RNS
FROM:                Baronsmead VCT 3 plc
DATE:                30 March 2007
SUBJECT:             Transaction in Own Shares

The Board of Baronsmead VCT 3 plc announces that on 30 March 2007 the Company
purchased 275,000 ordinary shares of 10p at a price of 115.5p per share to be
held in Treasury.

The Company issued ordinary share capital consists of 35,092,392 with voting
rights of which 3,005,000 are held in Treasury.  Therefore the total number of
shares with voting rights in Baronsmead VCT 3 plc is 32,087,392.

The above figure (32,087,392) 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 a change to their interest in, Baronsmead VCT 3 plc under
the FSA's Disclosure and Transparency Rules.

For further information please contact:

David Thorp, ISIS EP LLP:                            0207 506 5631
Rhonda Nicoll, F&C Asset Management plc:             0131 718 1074


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