Looks to me like only one LED lit at a time is what you're aiming for with this, though you could light up more than one if desired, but wouldn't be able to pick exactly two LEDs and always only get just those 2 to light. But you can always light exactly one specific LED that you desire. examples, LEDs numbered from left to right, control lines numbered from top to bottom:
LED1 : line 1 high, line 2 ground
LED2 : line 1 high, line 3 ground
...
LED5 : line 2 high, line 1 ground
...
LED11 : line 3 high, line 4 ground
etc.