TIDMPUMC 
 
15 September 2010 
 
Puma VCT III plc (the "Company") 
 
Directorate Changes 
 
The  Company announces that Sir Aubrey  Brocklebank has tendered his resignation 
from  the Board  of the  Company to  take effect  on Wednesday, 15(th) September 
2010 in  order  to  comply  with  Listing  Rule  15.2.11 once  the  transitional 
provisions  set out in  LR TR1.2-3 expire.  Sir Aubrey continues  as Chairman of 
Puma VCT IV plc, which shares a parallel investment strategy with the Company. 
 
The  Company wishes  to thank  Sir Aubrey  for his  contribution to  the Company 
during his period as Chairman and wishes him well for the future. 
 
 The  Board  of  the  Company  is  pleased  to announce that Chris Ring has been 
appointed as a non-executive director. 
 
Christopher John Ring is aged 56. He is a Senior Investment Director at Rensburg 
Sheppards  Investment Management  where he  manages a  number of  private client 
portfolios.  Prior  to  joining  Rensburg  Sheppards in 2008, Chris was managing 
director  of private client  broking and investment  management at Shore Capital 
Limited,  the Company's Investment Manager. He joined Shore Capital in 2002 from 
NatWest  Stockbrokers Limited  where he  was managing  director between 1999 and 
2001.  After  qualifying as  an accountant  with Coopers  & Lybrand (now part of 
PricewaterhouseCoopers), he held senior positions at various stockbrokers firms, 
including  Scrimgeour  Kemp  Gee  (now  Citicorp) between 1980 and 1988 and Wise 
Speke  between 1988 and  1996. Throughout this  time his  focus was  on managing 
private  client funds, including the appraisal and investment of a wide range of 
new issues many of which were AIM quoted. 
 
Chris  was previously a director  of the Company, Puma  VCT plc, Puma VCT II plc 
and  Puma VCT IV plc until 27 June 2008 while he was a director of Shore Capital 
Limited, the Company's Investment Manager. 
 
There are no further disclosures to be made in accordance with the Listing Rules 
of the Financial Services Authority. 
 
 
 Enquiries: 
 
 
 Shore Capital 020 7408 4090 
                               Graham Shore 
 
 
 
 
[HUG#1444658] 
 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: PUMA VCT III PLC via Thomson Reuters ONE
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