Net Asset Value(s)

30 March 2020

Triple Point VCT 2011 plc

(the "Company")

NET ASSET VALUE

The Board of the Company has been monitoring ongoing COVID-19 developments and in particular the impact of the associated economic disruption on portfolio companies within the Venture share class.

In light of these developments, the Company has carried out a review of the Venture share class portfolio and announces that the unaudited net asset value per Venture share as at 27th March 2020 is 93.12 pence per share (on 30th November 2019 the unaudited NAV was 99.01 pence per Venture share). This NAV change reflects valuation adjustments across the portfolio, which is carried at fair value, resulting from economic and venture funding conditions arising from the COVID-19 pandemic, as determined by the Board and advised by the Investment Manager, Triple Point Investment Management LLP.

In relation to the offer for new shares pursuant to the prospectus dated 11 September 2019, the Company intends next to allot shares on or around 1st April 2020.

The Company will continue to monitor the performance of its portfolio companies, and will advise shareholders of any future material movement in net asset value.

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/investments/triple-point-venture-fund/s7881/.

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.