Net Asset Value(s)

Puma VCT 11 plc

27 July 2016

Puma VCT 11 plc ("the Company")

As at the close of business on 30 June 2016, the estimated Net Asset Value per ordinary share ("NAV per share") of the Company was 96.40p. This represents an increase of 0.1 per cent on the NAV per share at 31 May 2016. The estimated fully diluted NAV per share was 96.40p. Cumulative dividends paid to date were 0.00p.