Baronsmead 2vt Regulatory News (BMD)

Baronsmead VCT 3 PLC Director/PDMR Shareholding Annex DTR3 Notification of Transactions of Directors/Persons Discharging ManagerialResponsibility and Connected Persons This form is intended for use by an issuer to make a RIS notification requiredby DR3.1.4R(1) 1. An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24. 2. An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24. 3. An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. 4. An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24. Please complete all relevant boxes should be in block capital letters. 1. Name of Issuer BARONSMEAD VCT 3 PLC 2. State whether the notification related to i. a transaction notified in accordance with DR 3.1.4R(1); or ii. a disclosure made in accordance with LR 9.8.6r; or iii. a disclosure made in accordance with section 793 of the Companies Act (2006) TRANSACTION RELATES TO (i) 3. Name of person discharging managerial responsibilities/director GILLIAN NOTT 4. State whether notification related to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person ROBERT NOTT 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest. NOTIFICATION IN RESPECT OF PERSONS REFERRED TO IN 3 and 4 ABOVE. 6. Description of shares (including class) , debentures or derivatives or financial instruments relating to shares ORDINARY SHARES 10P 7. Name of registered shareholder(s), and if more than one, the number of shares held by each of them GILLIAN NOTT 126,402 ROBERT NOTT 9,207 TOTAL HOLDING 135,609 ORDINARY SHARES 8. State the nature of the transaction SHARE PURCHASE AS PART OF THE OFFER FOR SUBSCRIPTION 9. Number of Shares, debentures or financial instruments relating to shares acquired GILLIAN NOTT 31,138 ROBERT NOTT 4,448 TOTAL ACQUIRED 35,586 ORDINARY SHARES 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.05% 11. Number of shares, debentures or financial instruments relating to shares disposed N/A 12. Percentage of issued class disposed (treasury shares should not be taken into account when calculating percentage) N/A 13. Price per shares or value of transaction 112.4p 14. Date and place of Transaction 14 March 2014 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken in account when calculating percentage) GILLIAN NOTT 157,540 ROBERT NOTT 13,655 TOTAL: 171,195 shares = 0.29% 16. Date issuer informed of transmission 19 March 2014 If the person discharging managerial responsibility has been granted options by the issuer complete the following boxes 17. Date of Grant N/A 18. Period during which or date on which it can be exercised N/A 19. Total amount paid (if any) for grant of the option N/A 20. Description of shares or debentures involved (class and number) N/A 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise N/A 22. Total number of shares or debentures over which options are held following notification N/A 23. Any additional information N/A 24. Name of contact and telephone number for queries MICHAEL PROBIN, VCT INVESTOR RELATIONS, ISIS EP LLP TEL: 0207 5065796

DATE OF NOTIFICATION: 20 March 2014