Net Asset Value(s)

Puma VCT 9 plc

1 April 2016

Puma VCT 9 plc ("the Company")

As at the close of business on 29 February 2016, the estimated Net Asset Value per ordinary share ("NAV per share") of the Company was 87.14p. This represents an increase of 0.1 per cent on the NAV per share at 31 January 2016. The estimated fully diluted NAV per share was 87.14p. Cumulative dividends paid to date were 12.00p.

The above NAV is stated prior to any provision being made against the carrying value of the Company's investment in Opes Industries Limited, pursuant to the statement released by the Company on 4 March 2016. The size of any provision remains open at present. The Board continue to monitor the position closely and will provide a further update in due course.