Issue of Equity and Total Voting Rights

14 July 2021

Triple Point VCT 2011 plc

(the "Company")

ISSUE OF EQUITY AND TOTAL VOTING RIGHTS

AND

OFFER UPDATE

Issue of Equity and Total Voting Rights

The Board of Triple Point VCT 2011 plc (the "Company") are pleased to announce the allotment of 1,509,543 Venture Shares of 1p each at an average price of 109.041p per share on 14 July 2021 pursuant to the offer for subscription set out in a prospectus issued by the Company on 14 September 2020 (the "Offer").

The shares allotted are to be admitted to the Official List. Admission is expected to become effective on or around 21 July 2021.

As a consequence of this allotment the issued share capital and total voting rights of the Company is now 38,998,962:

9,777,285 A Ordinary Shares

6,758,795 B Ordinary Shares

22,462,882 Venture Shares

Offer Update

The Board of Triple Point VCT 2011 plc further announces that the expected timetable for the final allotment in respect of the 2021/22 tax year (the "Final Allotment") under the Offer, and the closure of the Offer, is as follows:

*Cheques must be received no later than 12 noon on 27 July 2021.

A copy of the prospectus dated 14 September 2020 relating to the Offer has been submitted to the National Storage Mechanism located at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and may be viewed on the Triple Point website: www.triplepoint.co.uk.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website https://www.triplepoint.co.uk/current-vcts/triple-point-vct-2011-plc/s2539/.

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.