Triple Point VCT 2011 plc

14 July 2016 Interim Management Statement for the quarter ended 31 May 2016 Highlights The Company The Company’s funds at 31 May 2016 were 97% invested in a portfolio of VCT qualifying and non-qualifying unquoted investments. It continues to meet the condition that 70% of funds must be invested in VCT qualifying investments within three years. At 31 May 2016 qualifying investments represented 59% of the total Investment Portfolio and 79% of the funds that are required to meet that condition. Ordinary Share Class

The Net Asset Value (“NAV”) at 31 May 2016 was 35.11p per share. Taking the NAV and the total dividends of 79.75p paid at 31 May 2016, the return to investors was

114.86p per share. A provision of £35,000 was made during the quarter to recognise the cost of exiting the Ordinary

Shareholders. This resulted in a loss of 0.15p per share this quarter. The pie chart below shows the Ordinary Share’s unquoted investment portfolio by sector at 31 May 2016:

Since the quarter end the funds in SME Lending have been repaid. Over the next six months the Company and the Investment Manager will continue to focus on the

successful realisation of the remaining investments in this share class. We will write to Ordinary Class shareholders by the end of August 2016 on the timing of distributions

following the completion of their five year holding period.

2%

18%

45%

14%

21%

Cinema Digitisation

Hydro ProjectManagement

Energy Generation ‐Other

Hydro Electric Power

SME Lending ‐ Other

A Share Class

The Net Asset Value at 31 May 2016 was 101.13p per share. A profit of 0.59p per share was made during the quarter. The pie chart below shows the A Shares unquoted investment portfolio by sector at 31 May 2016:

New B Share Class

During the quarter the Company raised circa £7 million under an offer for subscription and issued 6,824,266 B Ordinary shares.

The Net Asset Value at 31 May 2016 was 99.64p per share. A loss of 0.62p per share was made during the quarter due to an allocation of the Company’s running

costs. The pie chart below shows the B Shares unquoted investment portfolio by sector at 31 May 2016.

71%

19%

10% Hydro Electric Power

SME Funding HydroElectric Power

SME Lending ‐ Other

55%

45%Energy Generation ‐Other

SME Lending ‐ Other

Net Assets at 31 May 2016:

   31 May 2016 29 February 2016

   Unaudited Audited

  Ord.

Shares

A Shares 

B Shares Total

Ord. Shares

A Shares  Total

   £'000 £'000 £'000 £'000 £'000 £'000 £'000

VCT qualifying unquoted investments 4,813 5,463 3,200 13,476 5,269 5,403 10,672

  

1,274 4,063

  

VCT non qualifying unquoted investments 1,265 4,069 2,650 7,984 5,337

                   

Cash and cash equivalents 437 260 970 1,667 30 307 337

Total Investments 6,515 9,792 6,820 23,127 6,573 9,773 16,346

Other assets & liabilities 629 272 (20) 881 603 232 835

Net assets 7,144 10,064 6,800 24,008 7,176 10,005 17,181

Net asset value per share 35.11 101.13 99.64 n/a 35.26 100.54 n/a For further information, please contact Ben Beaton or Belinda Thomas at Triple Point Investment Management LLP on 0207 201 8989.