Maven Grwth 3 Regulatory News (MIG3)

Maven Income and Growth VCT 3 PLC

Unaudited Net Asset Value (NAV) and Interim Dividend

The Directors of Maven Income and Growth VCT 3 PLC (the Company) confirm that the unaudited NAV of the Company as at 31 May 2020 was 54.74p per Ordinary Share and that it reflects the payment, on 17 April 2020, of the final dividend of 2.00p per Ordinary Share in respect of the year ended 30 November 2019. This compares to an NAV of 55.91p as at 20 March 2020, as announced on 26 March 2020 following a review of the portfolio in response to the COVID-19 pandemic, at which time the Board had considered it prudent to apply a provision to the valuations of certain investments in those sectors most immediately affected.

As Shareholders will be aware from recent Annual and Interim Reports, the Company does not have a specific dividend target and decisions on distributions take into consideration the availability of surplus revenue, the realisation of capital gains, the adequacy of distributable reserves and the VCT qualifying level. These factors are all kept under close and regular review by the Board and the Manager, who recognise the importance of tax-free distributions to Shareholders.

The Board is pleased to declare that an interim dividend in respect of the year ending 30 November 2020, of 2.00p per Ordinary Share, will be paid on 28 August 2020 to Shareholders on the register at close of business on 31 July 2020. Since the Company's launch, and after receipt of this interim dividend, 88.17p per Ordinary Share will have been distributed in tax-free dividends. It should be noted that the effect of paying dividends is to reduce the NAV of the Company by the total cost of the distribution.

Dividend Investment Scheme (DIS)

The Company has in place a DIS, through which Shareholders may elect to have their dividend payments used to apply for new Ordinary Shares issued by the Company under the standing authority granted by Shareholders at Annual General Meetings. However, on 26 March 2020, the Board announced that the DIS had been suspended due to the volatility in financial markets caused by the COVID-19 pandemic. As a result, on 17 April 2020, the payment of the final dividend for the year ended 30 November 2019 was made by either cheque or bank transfer using existing mandate instructions.

The Directors have resolved to re-introduce the DIS with immediate effect. This means that, unless they advise the Company otherwise, those Shareholders who had previously elected to participate in the DIS will revert to receiving new shares with effect from 28 August 2020, being the payment date of the interim dividend noted above. Shareholders who have not previously applied to participate in the DIS and who wish to do so in respect of the interim dividend payable on 28 August 2020, should ensure that a mandate form, or CREST instruction if appropriate, is received by the Registrar, Link Market Services, prior to the dividend election date of 14 August 2020. Shares issued under the DIS should qualify for VCT tax reliefs applicable for the tax year in which they are allotted. Terms & conditions of the scheme, together with a mandate form, are available from the Company's website at: www.mavencp.com/migvct3.

Further to the information disclosed above, the Directors confirm that they are satisfied that all inside information (as defined by Article 7 of the Market Abuse Regulation (596/2014/EU)) that the Directors and the Company may have in their possession relating to the Company during the 30 day closed period leading up to the announcement of its interim results for the six months ended 31 May 2020 has been or will be notified to a regulatory information service.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

29 June 2020