Venture Share Net Asset Value

13 July 2021

Triple Point VCT 2011 plc

(the "Company")

Venture Share Net Asset Value

The Company announces that the unaudited net asset value per Venture Share as at 13 July 2021 was 105.99 pence per share (as at 28 May 2021 was 101.06 pence per share). This represents a 4.88% increase in the Venture Share NAV in comparison to 28 May 2021.

The Venture Share NAV has increased as a result of various developments in the portfolio including the increase in the valuation of an investee company following the completion of a large funding round at a share price significantly higher than the price at which it had previously been valued. The increase in the Venture Share NAV per share as at 13 July 2021 also reflects the reduction in the number of Venture shares due to share buybacks, and incorporates downward provisions being applied against some Venture investee companies as a result of their underperformance. Overall the portfolio continues to develop positively.

Venture Share Class

·    The Venture Fund continues to progress well in deploying its funds, at the reporting date the Venture Fund held 22 qualifying investments at a valuation totaling £14.29m.

·    Total dividends paid to date to Venture shareholders is 3.00 pence per share.

·    At 13 July 2021 the Total Shareholder Return for the Venture Share Class was 108.99 pence per share.

·    The table below shows the Venture Funds unquoted investment portfolio by sector at 13 July 2021:

Net Assets at 13 July 2021:

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.