AKB-48.COM Production :
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Translation: SashTheRed
Timer: Touh
Typsetting: Killer_x_v2
QC: Hina
Encoding: rpger81
Karaoke romaji & translation: Hana
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[AKB-48.COM] Majisuka Gakuen 03 (704x396) (Subbed)
http://www.hello-online.org/index.php?act=tracker&CODE=details&torrent=25314

[AKB-48.COM] Majisuka Gakuen 03 (1280x720) (Subbed)
http://www.hello-online.org/index.php?act=tracker&CODE=details&torrent=25317

DDL :
http://www.akb48online.com/2010/01/27/akb-48-com-majisuka-gakuen-episode-03-subbed/

Special thank to rpger81