Downing Planned Exit VCT 3 plc
26 January 2010
Issue of Equity

The  Directors of  Downing Planned  Exit VCT  3 plc are  pleased to  announce an
allotment  on 25 January  2010 of 2,595,508 D  shares of  0.1p each ("D Shares")
payable  at 99.9p per  share and  7,595,508 E shares  of 0.1p each  ("E Shares")
payable at 0.1p per share pursuant to the Offers for Subscription that opened on
6 November 2009.

Application for the D Shares and E Shares to be admitted to the Official List of
the  UK Listing Authority and  to trading on the  London Stock Exchange's market
for listed securities will be made at the earliest practical opportunity.

D  Shares issued to Directors included within the above allotment, is summarised
as follows:

                                 Number of D       % of D
                               Shares issued    Shares at   % of D Shares
                               on 25 January      today's   assuming full
                                        2010         date    subscription



  Hugh Gillespie   Director           5,237         0.14%           0.05%


E Shares issued to Directors and members of Management (including spouses)
included within the above allotment, is summarised as follows:

                                     Number of E       % of E
                                   Shares issued    Shares at    % of E Shares
                                   on 25 January      today's   assuming full
                                            2010         date     subscription



  Colin Corbally     Management         650,000         7.47%            4.33%

  Hugh Gillespie     Director             5,237         0.06%            0.03%

  Nicholas Lewis     Management       1,500,000        17.24%           10.00%

  Tony McGing        Management         500,000         5.75%            3.33%

  Grant Whitehouse   Management         750,000         8.62%            5.00%

  Total                               3,405,237        39.14%           22.70%



The Offers for Subscription are expected to remain open until 5 April 2010 in
respect of the 2009/2010 tax year and 30 April 2010 in respect of the 2010/2011
tax year unless previously extended or fully subscribed earlier.



[HUG#1377448]