Result of EGM

MAVEN INCOME AND GROWTH VCT 3 PLC (the "Company")

Results of General Meeting

The Company announces that at the general meeting of shareholders convened and held earlier today, 1 September 2010 (the "General Meeting"), the special resolution (the "Resolution") to cancel the share premium account and the capital redemption reserve of the Company (the "Cancellation") received the necessary majority of votes and was accordingly passed.

At the record date for the General Meeting, being 27 August 2010, the total number of voting rights in the Company stood at 29,395,435 and the total shares in issue were 29,395,435. In accordance with the provisions of D.2.2 of the Combined Code on Corporate Governance, the Company advises that for the General Meeting, valid proxy appointments were made in respect of 4,374,106 shares and that proxy voting on the Resolution was as follows:

For: 4,326,747

Against: 47,359

Withheld: 0

The Company will now seek the approval of the Court in respect of the Cancellation, which is expected to become effective on 21 October 2010.

The Resolution will shortly be available for inspection at the National Storage Mechanism, which is located at http://hemscott.com/nsm.do.

The voting figures will also be available to view on the Company's website at

www.mavencp.com/migvct3.

Maven Capital Partners UK LLP

Secretary

1 September 2010