TRIPLE POINT VCT 2011 PLC — AGM Information 2020

Jul 9, 2020

Company Number: 07324448

THE COMPANIES ACT 2006

SPECIAL BUSINESS

of

TRIPLE POINT VCT 2011 PLC

(the "Company")

(Passed on 9 July 2020)

At the annual general meeting of the Company, duly convened and held at 10.45am on Thursday 9 July 2020 at the Company's registered office at 1 King William Street, London EC4N 7AF, the following resolutions were passed as Special Business.

Defined terms used but not defined shall have the same meaning given to them in the notice of annual general meeting circulated by the Company to shareholders on 5 June 2020.

Special Resolutions

• 1. IT WAS RESOLVED THAT the Company be and is hereby authorised in accordance with s701 of the Companies Act 2006 (the "Act") to make one or more market purchases (as defined in section 693(4) of the Act) of fully paid A Shares, B Shares or Venture Shares of 1p provided that:
  2. (i) the maximum aggregate number of A Ordinary Shares ("A Shares") authorised to be purchased is an amount equal to 10% of the issued A Shares (equated to 995,113 A Shares) as at the date of this Resolution;
  3. (ii) the maximum aggregate number of B Ordinary Shares ("B Shares") authorised to be purchased is an amount equal to 10% of the issued B Shares (equated to 680,535 B Shares) as at the date of this Resolution;
  4. (iii) the maximum aggregate number of Venture Shares authorised to be purchased is an amount equal to 10% of the Issued Venture Shares (equated to 1,150,186 Venture Shares) as at the date of this Resolution.
  5. (iv) the minimum price which may be paid for an A Share or B Share or Venture Share is 1 pence;
  6. (v) the maximum price which may be paid for an A Share, a B Share or a Venture Share is an amount, exclusive of expenses, equal to 105 per cent. of the average of the middle market prices for the A Shares, B Shares and Venture Shares as derived from the Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which that A Share, B Share or Venture Share (as applicable) is purchased; and
  7. (vi) this authority shall expire either at the conclusion of the next Annual General Meeting of the Company or 15 months following the date of the passing of this Resolution, whichever is the first to occur (unless previously renewed, varied or revoked by the Company in general meeting), provided that the Company may, before such expiry, make a contract to purchase its own shares which would or might be executed wholly or partly after such expiry, and the Company may

make a purchase of its own shares in pursuance of such contract as if the authority hereby conferred had not expired.

1. IT WAS RESOLVED THAT a general meeting, other than an Annual General Meeting, may be called on not less than 14 clear days' notice.

……………………………… For and on behalf of Hanway Advisory Limited, Company Secretary 9 July 2020