Interim Management Statement

LEI: 213800AOOAQA5XQDEA89

Triple Point VCT 2011 plc

12 July 2018

Interim Management Statement for the quarter ended 31 May 2018

Highlights

The Company

The Company's funds at 31 May 2018 were 97% invested in a portfolio of VCT qualifying and non-qualifying unquoted investments. It continues to meet the condition that 70% of relevant funds must be invested in qualifying investments.

A Share Class

· The Net Asset Value at 31 May 2018 was 107.69p per share.

· During the 3 month period to 31 May 2018 the A Share Class made a profit of 0.79p per share.

· A second dividend of 2.75p per share was paid on 28 June 2018 bringing the total dividends paid to date to 6.75p.

· The A Shares unquoted investment portfolio by sector at 31 May 2018:

Hydroelectric Power 67%

SME Funding - Hydroelectric Power 17%

SME Funding - Other 16%

B Share Class

· The Net Asset Value at 31 May 2018 was 99.97p per share.

· During the 3 month period to 31 May 2018 the B Share Class made a small loss of 0.03p per share. The Company's investment in two companies operating gas power plants, which were successfully commissioned during the quarter. These companies will now start to generate revenue from exporting electricity.

· The B Shares unquoted investment portfolio by sector at 31 May 2018:

Gas Power 75%

SME Funding - Other 25%

Net Assets at 31 May 2018:

For further information, please contact Ben Beaton or Belinda Thomas at Triple Point Investment Management LLP on 0207 201 8989.