Publication of Suppl.Prospcts.

Puma Alpha VCT plc

24 June 2025

Issue of Supplementary Prospectus

The Board of Puma Alpha VCT plc (the "Company") announces that it has today published a supplementary prospectus (the "Supplementary Prospectus") relating to the Company's offer for subscription to raise up to £15 million, with an over-allotment facility of up to £5 million, details of which were set out in a prospectus issued by the Company on 15 January 2025.

On 3 June 2025, the Company published an unaudited net asset value per share as at 31 May 2025 (the "Updated NAV Announcement").  Further, on the 17 June 2025, the Company published its annual report and accounts for the year ended 28 February 2025 (the "2025 Accounts").

The publication of the Supplementary Prospectus is a regulatory requirement under the Prospectus Regulation Rules and Section 87G of Financial Services and Market Act 2000 as a result of the publication of each of the Updated NAV Announcement and the 2025 Accounts.

The Supplementary Prospectus has been approved by the Financial Conduct Authority and a copy will shortly be available for inspection at the National Storage Mechanism, which is located at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism

A copy of the Supplementary Prospectus will also be available from the Company's website at:

http://www.pumainvestments.co.uk/investors-puma-alpha-vct

Eliot Kaye

Company Secretary

Puma Alpha VCT plc

020 7408 4050