ELK Elect King Vct3

RNS Number:4427A
Electra Kingsway VCT 3 Plc
27 March 2006


                           ELECTRA KINGSWAY VCT 3 PLC

                            OFFERS FOR SUBSCRIPTION



The Board of Electra Kingsway VCT 3 Plc (the "Company") announces that, having
considered the changes to be made to the tax treatment of VCTs from 6 April 2006
which were announced in the Budget speech on 22 March 2006, the Company will not
proceed with the Offer for Subscription of New Ordinary Shares in respect of the
2006/2007 tax year. This 2006/2007 Offer was expected to open on 6 April 2006.


The 2005/2006 Offer remains open and is expected to close at 12 noon on 4 April
2006.


For further information please call:


Downing Corporate Finance
Customer Helpline                     020 7411 4700



END



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