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Murray VCT 3 PLC (MYV)

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Friday 10 December, 2004

Murray VCT 3 PLC

- NAV Change

Murray VCT 3 PLC

At the time of the 31 August 2004 valuation, one of the portfolio of companies
was valued by reference to an anticipated transaction with a third party which
was expected to conclude within a short period following the date of publication
of the interim results. That transaction has not taken place and due to changes
in the circumstances of the third party will not now take place within the
foreseeable future. As a result the Directors believe that it is prudent to
reduce the net asset value by 1.9p per share.                                                                                                                                                                                                                                        

a d v e r t i s e m e n t