Maven Grwth 3 Regulatory News (MIG3)

MAVEN INCOME AND GROWTH VCT 3 PLC

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

1. Name of the issuer

MAVEN INCOME AND GROWTH VCT 3 PLC

2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2 R, (ii) a disclosure made in accordance with LR 9.8.6R(1) or (iii) a disclosure made in accordance with section 793 of the Companies Act (2006).

DTR 3.1.2.R

3. Name of person discharging managerial responsibilities/director

WILLIAM ROBERT NIXON

4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person

CONNECTED PERSON: MAVEN CAPITAL PARTNERS UK LLP

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

NON-BENEFICIAL INTEREST

 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares

ORDINARY 10P SHARES

7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them

MAVEN CAPITAL PARTNERS UK LLP NOMINEE ACCOUNT

 8. State the nature of the transaction

 PURCHASE

9. Number of shares, debentures or financial instruments relating to shares acquired

50,000

10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)

0.16%

11. Number of shares, debentures or financial instruments relating to shares disposed

NONE

12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)

 NONE

13. Price per share or value of transaction

50.0p PER SHARE

 14. Date and place of transaction

13 MAY 2011 LONDON

15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)

315,358; 1.03%

16. Date issuer informed of transaction

18 MAY 2011

Name of contact and telephone number for queries

ROSEMARY O'NEIL (TEL: 0141 206 0108)

Name of authorised official of issuer responsible for making notification

MAVEN CAPITAL PARTNERS UK LLP, SECRETARY

Date of notification

19 MAY 2011