Octopus Titan VCT 3 plc
1 May 2009

Issue of Equity

The Directors of Octopus Titan VCT 3 plc are pleased to announce a
further allotment on 30 April 2009 of 134,600 ordinary shares of 10p
each ("Ordinary Shares") at a price of 100 pence per share pursuant
to the Offer which opened on 22 May 2008 and which, pursuant to a
Supplementary Prospectus dated 3 April 2009, was extended to close no
later than 15 May 2009 (or such earlier date on which the Offer is
fully subscribed).

Application for the 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 will be made shortly and
dealings are expected to commence on 5 May 2009.

The Company now has 17,934,821 Ordinary Shares in issue.

For further information please contact:

Celia Whitten - Company Secretary
Octopus Titan VCT 3 plc
8 Angel Court
London EC2R 7HP
020 7710 2849

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