21 September 2022

Triple Point VCT 2011 plc

(the "Company")

PUBLICATION OF PROSPECTUS

The Board of Triple Point VCT 2011 plc is pleased to announce that the Company has issued a prospectus (the "Prospectus") relating to an offer for venture ordinary shares ("Venture Shares") to raise £10 million (the "Offer")*, following approval from the Financial Conduct Authority.

*If the Offer is oversubscribed it may be increased to £30 million at the discretion of the directors of the Company.

Pursuant to the Offer, the Company's fund manager, Triple Point Investment Management LLP ("TPIM"), will enter into an agreement with the Company (the "Offer Agreement"), which will constitute a related party transaction as defined by the Listing Rules as it is an agreement between the Company and its fund manager (Listing Rule 15.5.4).

Pursuant to the Offer Agreement, TPIM will be paid up to an amount equal to 5.5% of the aggregate value of accepted applications for Venture Shares under the Offer, out of which TPIM will discharge all external costs, including initial commissions, and its own costs, in respect of the Offer, but excluding any initial and ongoing charges agreed between an authorised financial adviser and an investor.

The Offer is now open and is expected to close on 28 July 2023 unless fully subscribed at an earlier date. A copy of the Prospectus will shortly be submitted to the National Storage Mechanism located at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism and may be viewed on the Triple Point website at: www.triplepoint.co.uk.

FOR FURTHER INFORMATION ON THE COMPANY, PLEASE CONTACT:

The Company's LEI is 213800AOOAQA5XQDEA89

Further information on the Company can be found on its website https://www.triplepoint.co.uk/investments/triple-point-venture-fund/s7881/.

NOTES:

The Company is a Venture Capital Trust incorporated in July 2010. The Investment Manager is Triple Point Investment Management LLP. The Company was established to fund small and medium sized enterprises (SMEs). The Company launched a new share class, known as The Venture Fund, in March 2019 which is mandated to invest in SMEs producing products or digital services that solve challenges faced by their larger corporate customers.