Result of General Meeting

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BARONSMEAD VCT 3 PLC

RESULT OF GENERAL MEETING HELD ON 3 MARCH 2016

General Meeting

Further to the proposals in respect of the recommended merger of Baronsmead VCT 3 plc (the "Company") with Baronsmead VCT 4 plc ("BVCT4") and an offer for subscription to raise up to £10 million which were announced on 26 January 2016, at a general meeting of the Company's shareholders held today, the resolutions approving the proposals were passed. 

It should be noted that the scheme for the reconstruction and winding up of BVCT4 under section 110 of the Insolvency Act 1986 (the "Scheme") remains conditional on, amongst other conditions, the passing of the special resolution to be proposed at the second general meeting of BVCT4's shareholders convened for 11 March 2016. The Scheme will not become effective unless this resolution is passed.

A copy of the resolutions passed at the General Meeting will shortly be available for inspection via the National Storage Mechanism. 

The proxy votes cast on the resolutions were as follows:

Resolution 1

Votes "For*": 10,934,439

Votes "Against": 118,069

Votes "Withheld": 44,322

Resolution 2

Votes "For*": 10,887,019

Votes "Against": 142,841

Votes "Withheld": 66,970

Resolution 3

Votes "For*": 10,615,752

Votes "Against": 251,231

Votes "Withheld": 229,847

Resolution 4

Votes "For*": 10,840,583

Votes "Against": 132,502

Votes "Withheld": 123,745

* the votes "For" include those votes giving the Chairman discretion.

Enquiries:

For further information please contact.

Notes

This announcement is for information purposes only and does not purport to be full or complete and any decision regarding the Proposals should be made only on the basis of the Circular.