Issue of Equity

Maven Income and Growth VCT 3 PLC

Issue of Equity - Dividend Investment Scheme

The Board of Maven Income and Growth VCT 3 PLC (the Company) confirms that, on 30 November 2017 and under its Dividend Investment Scheme (DIS), the Company issued and allotted 153,836 new ordinary shares of 10p each (Ordinary Shares) at a price of 72.20p per share which, under the Terms and Conditions of the DIS, is equivalent to the latest announced net asset value per share.

As a result, and in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the Company confirms that its issued share capital as at 30 November 2017 comprises 47,016,945 Ordinary Shares, with each share carrying one voting right. The above figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required, under the Disclosure Guidance and Transparency Rules, to notify their interest, or a change to their interest, in the Company.

Application has been made to the UK Listing Authority and the London Stock Exchange for the new Ordinary Shares issued under the DIS to be admitted to the Official List and to trading 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, 6 December 2017.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

30 November 2017