TPV1 Triple Point

During the period, TPIM received GBP358,497 which has been expensed (2013: GBP453,290) for providing management and administrative services to the Company. At 31 March 2014 GBP100,453 was owing to TPIM (2013: GBP100,963).

   19.    Related Party Transactions 

There are no related party transactions which require disclosure.

   20.    Post Balance Sheet Events 

Following the year end a further 6,454,916 C Shares have been issued as detailed in Note 14.

   21.    Dividends 

The Board paid a dividend on 26 July 2013 to the A Share Class holders on the register on 12 July 2013 of GBP256,568 equal to 5p per share.

The Board paid a dividend on 10 January 2014 to the Ordinary Share Class holders on the register on 27 December 2013 of GBP812,978 equal to 4.11p per share. There was no dividend paid to B shareholders prior to the conversion.

The Board has resolved to pay a dividend to A Class shareholders of GBP318,144 equal to 6.2p per share which will be paid on 25 July 2014 to shareholders on the register on 11 July 2014.

Information

Details of Advisers

Secretary and Registered Office:

Triple Point Investment Management LLP

4-5 Grosvenor Place

London

SW1X 7HJ

Registered Number

6421083

Investment Manager and Administrator

Triple Point Investment Management LLP

4-5 Grosvenor Place

London

SW1X 7HJ

Tel: 020 7201 8989

Independent Auditor

Grant Thornton UK LLP

Chartered Accountants and Statutory Auditor

3140 Rowan Place

John Smith Drive

Oxford Business Park South

Oxford

OX4 2WB

Solicitors

Howard Kennedy FSI LLP

19a Cavendish Square

London

W1A 2AW

Registrars

Neville Registars Limited

Neville House

18 Laurel Lane

Halesowen

West Midlands

B63 3DA

VCT Taxation Advisers

PricewaterhouseCoopers LLP

1 Embankment Place

London

WC2N 6RN

Bankers

The Royal Bank of Scotland plc

54 Lime Street

London

EC3M 7NQ

Shareholder Information

The Company

Triple Point Income VCT plc (formerly TP70 2008(I) VCT plc) is a Venture Capital Trust. The Investment Manager is Triple Point Investment Management LLP.

The Company's investment strategy is to offer combined exposure to cash or cash based funds and venture capital investments focused on companies with contractual revenues from financially secure counterparties. Initially investment exposure was intended to be predominantly to cash and cash based funds. By the end of the accounting period commencing no more than three years after VCT approval was given it was intended that at least 70% of the fund would be committed to VCT qualifying holdings with up to 30% remaining exposed to cash and cash based funds.

Financial Calendar

The Company's financial calendar is as follows:

   24 July 2014                Annual General Meeting 
   November 2014      Interim report for the six months ending 30 September 2014 despatched 

June 2015 Results for the year to 31 March 2015 announced; Annual Report and Financial

Statements published.

Notice of Annual General Meeting

NOTICE is hereby given that the Annual General Meeting of Triple Point Income VCT plc will be held at 18 St. Swithin's Lane, EC4N 8AD at 10.30am on Thursday, 24 July 2014 for the following purposes:

Ordinary Business

1. To receive, consider and adopt the Report of the Directors and Financial Statements for the year ended 31 March 2014 (Ordinary Resolution).

2. To approve the Directors' Remuneration Report for the year ended 31 March 2014 (Ordinary Resolution).

3. To approve the Directors' Remuneration Policy (Ordinary Resolution).

4. To re-elect Simon Acland as a Director (Ordinary Resolution).

5. To re-elect David Frank as a Director (Ordinary Resolution).

6. To re-appoint Grant Thornton UK LLP as auditor and authorise the Directors to agree their remuneration (Ordinary Resolution).

Special Business

7. 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 S693(4) of the Act) of Ordinary shares, A Ordinary shares and C Ordinary shares of 1 pence each in the Company provided that:

(i) the maximum aggregate number of Ordinary shares, A Ordinary shares and C Ordinary shares authorised to be purchased is an amount equal to 10% of the issued capital as at the date hereof;

(ii) the minimum price which may be paid for such Ordinary shares, A Ordinary shares or C Ordinary shares is 1 pence; and

(iii) the maximum price, exclusive of expenses, that may be paid for an Ordinary shares, A Ordinary shares or C Ordinary shares shall not be more than 105% of the average of the middle market prices for the shares as derived from the Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the share is purchased.

This authority shall expire 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 (Special Resolution).

8. That in addition to existing authorities, the Directors of the Company be and hereby are generally and unconditionally authorised in accordance with Section 551 of the Act to exercise all the powers of the Company to allot and issue shares in the capital of the Company and to grant rights to subscribe for or to convert any security into shares in the Company up to an aggregate nominal amount of GBP30,200, provided that the authority conferred by this resolution 8 shall expire on the conclusion of the Annual General Meeting of the Company to be held in 2015 (unless renewed, varied or revoked by the Company in a general meeting) but so that this authority shall allow the Company to make before the expiry of this authority offers or agreements which would or might require shares to be allotted or rights to be granted after such expiry (Special Resolution).

9. That the Directors of the Company be and hereby are empowered pursuant to Sections 570 and 573 of the Act to allot or make offers to or agreements to allot equity securities (which expression shall have the meaning ascribed to it in Section 560(1) of the Act) for cash pursuant to the authority given pursuant to resolution 8, as if Section 561(1) of the CA 2006 did not apply to such allotment, provided that the power provided by this resolution 9 shall expire on the conclusion of the Annual General Meeting of the Company to be held in 2015 (unless renewed, varied or revoked by the Company in general meeting) (Special Resolution).

10. That, the Directors of the Company be and hereby are generally and unconditionally authorised, subject to approval of the High Court of Justice, to cancel such amounts standing to the credit of the share premium account of the Company as maybe set out in the Court Order granting the cancellation (Special Resolution).

By Order of the Board

David Frank

Director

Registered Office:

4-5 Grosvenor Place

London

SW1X 7HJ

29 May 2014

Notes:

(i) A member entitled to vote at the Meeting is entitled to appoint one or more proxies to attend and, on a poll, vote on his or her behalf. A proxy need not be a member of the Company.

(ii) A form of proxy is enclosed. To be effective, the instrument appointing a proxy (together with the power of attorney or other authority, if any, under which it is signed, or a certified copy of such power or authority) must be deposited at or posted to the office of the registrars of the Company, Neville Registrars Limited, Neville House, 18 Laurel Lane, Halesowen, West Midlands B63 3DA, so as to be received not less than 48 hours before the time fixed for the Meeting. Completion and return of the form of proxy will not preclude a member from attending or voting at the Meeting in person if he or she so wishes.

(iii) Members who hold their shares in uncertificated form must be entered in the Company's register of Members 48 hours before the Meeting to be entitled to attend or vote at the Meeting. Such shareholders may only cast votes in respect of Ordinary Shares held by them at such time.

(iv) Copies of the service contracts of each of the Directors, the register of Directors' interests in shares of the Company kept in accordance with the Listing Rules and a copy of the Memorandum and Articles of Association of the Company, will be available for inspection at the registered offer of the Company during usual business hours on any week day (Saturdays, Sundays and public holidays excepted) from the date of this notice until the date of the Annual General Meeting and at the place of the Annual General Meeting from at least 15 minutes prior to and until the conclusion of the Annual General Meeting.

Form of Proxy

Relating to the 2014 Annual General Meeting of Triple Point Income VCT plc

I/We..........................................................................................................................................

BLOCK CAPITALS PLEASE - Name in which shares registered

of.............................................................................................................................................

hereby appoint...........................................................................................................................