Maven Grwth 3 Regulatory News (MIG3)

MAVEN INCOME AND GROWTH VCT 3 PLC

Enhanced Buyback Scheme

The board of directors ("Board") of Maven Income and Growth VCT 3 PLC ("the Company") is pleased to announce that the Company's enhanced buyback scheme in respect of the ordinary shares of 10p each in the capital of the Company ("Enhanced Buyback Scheme") has now closed.

Due to a successful uptake under the Enhanced Buyback Scheme, the number of ordinary shares of 10 pence each in the capital of the Company ("Ordinary Shares") tendered under the Enhanced Buyback Scheme exceeded the number of Ordinary Shares available for purchase by the Company, all correctly completed applications have been scaled back and accepted as follows in accordance with the terms of the Enhanced Buyback Scheme:

Firstly, valid applications from all shareholders eligible to participate have been accepted to the extent that the number of existing Ordinary Shares to be purchased represented 14.99% or less of their holding of Ordinary Shares on 21 September 2012 (rounded down to the nearest whole number of Ordinary Shares) and secondly, valid applications thereafter have been accepted pro rata to the number of Ordinary Shares tendered.

The date for purchasing existing Ordinary Shares and for issuing new Ordinary Shares pursuant to the Enhanced Buyback Scheme was extended to 5 November 2012 from the expected date of 31 October 2012 to allow for additional administrative formalities to be completed. The Company has, therefore, today purchased 4,708,436 Ordinary Shares at a price of 82.60 pence per share and allotted 4,566,741 Ordinary Shares at 85.16 pence per share pursuant to the Enhanced Buyback Scheme.

The new Ordinary Shares rank pari passu in all respects with the existing share capital of the Company.

Application has been made to the UK Listing Authority and the London Stock Exchange for the new Ordinary Shares to be admitted to the Official List and to trade on the London Stock Exchange's main market for listed securities. It is expected that admission will become effective and dealings will commence on, or around, 9 November 2012.

As a result, of the buyback and allotment of shares undertaken today pursuant to the Enhanced Buyback Scheme, there are now 31,219,892 Ordinary Shares in issue.

The above figures may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

For further enquiries, please contact:

Maven Capital Partners UK LLP, Secretary

0141 306 7400