Net Asset Value(s)

Puma VCT 11 plc

03 January 2018

Puma VCT 11 plc ("the Company")

As at the close of business on 30 November 2017, the estimated Net Asset Value per ordinary share ("NAV per share") of the Company was 95.28p. There has been no movement from the NAV at 31 October 2017. The estimated fully diluted NAV per share was 95.28p. Cumulative dividends paid to date were 3.00p.