Maven Grwth 3 Regulatory News (MIG3)

Maven Income and Growth VCT 3 PLC

Interim Management Statement

1. Net Asset Value

The Ordinary share net asset value (NAV) was 78.2p at 28 February 2010 (77.4p at 30 November 2009).

The NAV shown above is unaudited and reflects the closing bid prices of quoted securities at 28 February 2010. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 30 November 2008 adjusted for material developments within the portfolios since that date.

2. Investments and disposals

During the quarter ended 28 February 2010, investments totalling £1,428,892 were made in five unlisted companies. During the same period, a combination of partial and complete disposals of four investments generated aggregate proceeds of £147,502 against cost of £224,043.

There were no other material transactions during the period under review. 

3. Recent developments

Since 28 February 2010, and as previously announced, 2,373,582 Ordinary shares were allotted at 75.3p per share in respect of subscriptions under the Maven Income and Growth Linked VCT Offer.

The Board is not aware of any other events or transactions that have taken place between 28 February 2010 and the date of publication of this statement and which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP, Secretary

12 May 2010