4 March 2026

Triple Point Venture VCT plc

(the "Company")

Publication of a Circular

The Board of Triple Point Venture VCT plc (the "Board") announces that the Company has issued a circular (the "Circular") relating to a recommended proposal to approve amendments (the "IMA Amendments") to the performance fee payable to the Company's investment manager, Triple Point Investment Management LLP ("TPIM"), following approval of the Circular from the Financial Conduct Authority.

TPIM is currently entitled to a performance incentive fee payable if the total return (net asset value plus distributions made) to holders of the Company's venture shares ("Venture Shares") exceeds the initial net asset value at subscription by an annual threshold of 3% calculated on a compound basis. To the extent that the total return exceeds the threshold over the relevant period then a performance incentive fee of 20% of the excess is payable to TPIM. High water marks will apply such that any previous threshold pursuant to which a performance incentive fee was paid must be exceeded in order for a subsequent performance fee to be paid.

The Board and TPIM have agreed, subject to the approval of the Company's shareholders, to amend the performance incentive fee calculation to one that is based on portfolio company realisations. Where the cash proceeds from a sale of a portfolio company exceed investment cost plus a 3% annual compound threshold (the excess above that threshold being the "Excess"), a performance incentive fee equal to 20% of the Excess will be notionally apportioned to the Company's issued Venture Shares and paid to TPIM. No Performance Fee apportioned to a Venture Share will be paid before the fifth anniversary of the issue of that Venture Share and there will be deductions in the event that the total return, being the latest published net asset value of an issued Venture Share, adjusted to add back any distributions made or declared in respect of a Venture Share, does not exceed the initial net subscription paid for that Venture Share. Further details of the IMA Amendments are set out in the Circular.

The amended and restated investment management agreement between TPV, TPIM and Triple Point Administration LLP (the "Amended and Restated IMA"); which will give effect to the IMA Amendments, will constitute a related party transaction falling within UK Listing Rule 8.2.1R. Pursuant to the UK Listing Rule 11.5.5R, the Amended and Restated IMA is required to be approved by the Company's shareholders at a general meeting, to be held on 31 March 2026 at 3.00pm at 1 King William Street, London EC4N 7AF, further details of which are set out in the Circular.

A copy of the Circular will shortly be submitted to the National Storage Mechanism located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism and may be viewed on the Triple Point website at: 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-venture-vct-plc/s2539/

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010 and was established to fund small and medium sized enterprises. The Investment Manager is Triple Point Investment Management LLP.