Issue of Equity

The Issue of Equity announcement released on 20/04/2012 at 13:09 under RNS No 7770B was released in error and should be disregarded.

Maven Income and Growth VCT 3 PLC

Offer for Subscription of Ordinary Shares

The Directors of Maven Income and Growth VCT 3 PLC confirm that, on 18 April 2012, the Company issued and allotted 134,182 Ordinary shares of 10 pence pursuant to the Offer, and as a result the number of Ordinary shares in issue is now 31,617,587. The Offer Price at which the shares were issued and allotted was 83.7p per Ordinary share.

The Offer for Subscription closed fully subscribed on 1 March 2012.

Maven Capital Partners UK LLP

Secretary

20 April 2012