Net Asset Value(s)

Puma VCT 11 plc

26 April 2018

Puma VCT 11 plc ("the Company")

As at the close of business on 31 March 2018, the estimated Net Asset Value per ordinary share ("NAV per share") of the Company was 95.40p. There has been no movement from the NAV at 28 February 2018. The estimated fully diluted NAV per share was 95.40p. Cumulative dividends paid to date were 3.00p.