Update on Net Asset Value

Maven Income and Growth VCT 3 PLC

Update on Net Asset Value

The Board of Maven Income and Growth VCT 3 PLC (the Company) announces that, as at 20 March 2020, the unaudited net asset value (NAV) of the Company was 55.91p per share.

The NAV as at 20 March 2020 is unaudited and reflects the closing bid price of quoted securities as at that date. Investments in unlisted companies are normally valued on a six-monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 30 November 2019, adjusted for subsequent events where appropriate.

The rapidly evolving situation around the impact of the COVID-19 pandemic, including measures announced by business and government, has resulted in a period of considerable uncertainty for all UK businesses and global financial markets. Where possible, Maven is working closely with the management team of every investee company and the Board to assess the likely impact across the portfolio. However, at this stage, the Board has considered it prudent to apply a provision to the valuations of certain investments principally in those sectors which are consumer facing and which will be most immediately affected by the current situation.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014). Upon the publication of this announcement via Regulatory Information Service this inside information is now considered to be in the public domain.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Company Secretary

26 March 2020