Replacement Announcement

The following announcement replaces the announcement Issue of Equity made by Foresight 3 VCT plc on 10 April 2012

Foresight 3 VCT plc

(the "Company")

Allotment and Issue of New Ordinary Shares and Transaction in Own Shares

Allotment

The Board of Foresight 3 VCT plc is pleased to announce that in accordance with the terms of an Open Offer dated 23 December 2012 (the "Offer") 1,347,383 Ordinary Shares under the Open Offer were allotted and issued  on 10 April 2012 at 87.26 pence per Ordinary Share. Of this amount 1,175,504 shares were as part of the open offer (and tender offer) and 171,879 shares were a further issue of new shares.

Application has been made for the admission of the 1,347,383 Ordinary Shares in the Company to the Official List of the UK Listing Authority and to trading on London Stock Exchange plc's market for listed securities.

Transaction in Own Shares

The Board of Foresight VCT plc further announces that on 10 April 2012 the Company purchased for cancellation 1,211,964 Ordinary Shares of 1p at a price of 84.64 pence per share.

Following this purchase there are now 51,044,160 Ordinary Shares in issue.

For further information please contact:

Gary Fraser, Foresight Group:       01732 471 800