BARONSMEAD SECOND VENTURE TRUST PLC

Share Issue/Capital Change • Mar 14, 2014

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BARONSMEAD VCT 3 PLC - Issue of Equity

PR Newswire

London, March 14

Baronsmead VCT 3 plcAllotment of Shares and Closing of OfferOn 22 January 2014 Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3plc, and Baronsmead VCT 4 plc ("the Companies" and each a "Company") publisheda Prospectus in relation to offers for subscription for new ordinary shares of10p each in each of the Companies ("New Shares"), to raise in aggregate up to £40 million (before issue costs) (the "Offers" and each an "Offer"). The Companyannounced that its Offer had become fully subscribed on 19 February 2014.The Company announces the allotment of New Shares has taken place today at anoffer price of 112.40p per share ("Offer Price") pursuant to the Offer raising£10,000,000 (before issue costs).In accordance with the Prospectus, the Offer Price at which the New Shares havebeen allotted in the Company was calculated on the basis of the followingformula:Latest published net asset value of an existing Share (adjusted as necessaryfor dividends declared but not yet paid) at the time of allotment divided by0.97 (to allow for issue costs of 3.0 per cent.) and rounded up to the nearest0.1p per Share.As a result, the Offer Price was calculated as follows: Offer Price of New Shares allotted on 14 March 2014 Baronsmead VCT 3 plc (pence per Share)Latest published NAV as at 28 February 2014 108.96Latest published NAV divided by 0.97 112.33Offer Price (rounding up to nearest 0.1p) 112.40The number of New Shares allotted and the total number of Shares in issuefollowing the allotment are shown below: New Shares Shares allotted in issue following allotment (1)Baronsmead VCT 3 plc 8,896,261 84,628,1801. Includes 9,699,214 Ordinary Shares held in TreasuryThe New Shares rank pari passu in all respects with the existing OrdinaryShares.Application has been made to the UK Listing Authority for the New Shares to beadmitted to the Premium Segment of the Official List and to the London StockExchange for such New Shares to be admitted to trading on its main market forlisted securities. It is expected that admission to the Official List willbecome effective and that dealings in the New Shares will commence on, oraround, 19 March 2014. Definitive documents of title and income tax reliefcertificates are expected to be dispatched within ten business days ofallotment.Following the allotment of the New Shares, the Offer closed.For further information, please contact:Michael Probin - VCT Investor Relations DirectorISIS EP LLP

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