Statement re Offer for Subscription

Maven Income and Growth VCT 3 PLC (the Company)

Offer for Subscription

28 January 2020

On 13 November 2019 the Company and Maven Income and Growth VCT 4 PLC published a joint Prospectus (comprising a Securities Note, Registration Document and Summary) in relation to offers for subscription of new ordinary shares of 10p each (together the "Offers" and each an "Offer").

The Board today announces that it has received subscriptions up to its fundraising limit of £7.5 million and accordingly, its Offer is now closed for further applications.

The Board of the Company intends that an allotment in respect of applications for the 2019/2020 tax year will take place later this week and an allotment, in respect of applications for the 2020/2021 tax year, will take place as soon practicable after 6 April 2020.

Any enquiries in respect of the Offer should be directed to:

Maven Capital Partners UK LLP

Kintyre House

205 West George Street

Glasgow

G2 2LW

Telephone: 0141 306 7400

E-mail: enquiries@mavencp.com

Maven Capital Partners UK LLPSecretary