Offers for Subscription - Update

BARONSMEAD VCT 3 PLC - Offers for Subscription - Update

PR Newswire

London, December 20

21 December 2012

Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3 plc, Baronsmead VCT4 plc and Baronsmead VCT 5 plc

Offers for Subscription - Update

On 20 November 2012 Baronsmead VCT plc, Baronsmead VCT 2 plc, Baronsmead VCT 3plc, Baronsmead VCT 4 plc and Baronsmead VCT 5 plc (together "the Companies")published a Prospectus in relation to offers for subscription for new ordinaryshares of 10p each in each of the Companies, to raise in aggregate up to £30million (before issue costs) (the "Offers" and each an "Offer"). The Offersopened on 11 December 2012.

The directors of Baronsmead VCT 3 plc have been advised that, on the basis ofthe Subscription Forms received as at on the close of business on 20 December2012, the Offer for Baronsmead VCT 3 plc became fully subscribed and is nowclosed. Subscribers to this Offer whose Subscription Forms are received afterits closure will have their Subscription re-allocated or returned in accordancewith their instructions on their Subscription Form and the Terms and Conditionsof Subscriptions.

The Offers for Baronsmead VCT plc and Baronsmead VCT 2 plc became fullysubscribed and closed on 14 and 17 December 2012 respectively. The Offers forBaronsmead VCT 4 plc and Baronsmead VCT 5 plc are not yet fully subscribed andwill remain open until 5 April 2013 (unless fully subscribed by an earlier dateor previously extended by the directors to no later than 30 April 2013). Validapplications as at the close of business on 20 December 2012 for these Offerswere as follows:

Baronsmead VCT 4 plc £3.8 million; and

Baronsmead VCT 5 plc £2.1 million

The first allotment of new ordinary shares in the Companies is expected to beon or around 21 December 2012 with dealings expected to commence three BusinessDays thereafter.

For further information, please contact:

Michael Probin - Investor Relations

ISIS EP LLP

Telephone: 020 7506 5796