Issue of Equity

RNS Number:9347A
Electra Kingsway VCT 3 Plc
04 April 2006

Electra Kingsway VCT 3 plc
4 April 2006

Issue of Equity

The Directors of Electra Kingsway VCT 3 plc are pleased to announce allotments
between 29 March 2006 and 3 April 2006 of 10,268,466 ordinary shares of 1p each
("Ordinary Shares"),  payable at 100p per share, pursuant to the Offer for
Subscription that opened on 14 October 2005 ("the Offer").

Within the allotment on 29 March 2006, Kevin D'Silva, a Director, was allotted
10,300 Ordinary Shares at a price of #1 per share, representing 0.03% of the
issued share capital.

Application will be made at the earliest practicable opportunity for these
shares, which will rank pari passu with existing ordinary 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.

The current issued share capital of the Company is now 29,525,577 Ordinary
Shares.

The Offer is expected to remain open until 5 April 2006 unless fully subscribed
earlier.


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END

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