Investment Update – 450 / Silvercloud

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO

LEI: 213800L5751QTTVEA774

7 October 2025

Marwyn Value Investors Limited ("MVIL" or the "Company")

Investment Update - 450 / Silvercloud

The Company notes this morning's announcement by 450 plc that it has signed a non-binding Heads of Terms for the potential acquisition of the entire share capital of Silvercloud Holdings Limited, which owns a majority interest in Le Chameau Holdings Limited.

The potential transaction remains subject to a number of factors; accordingly, the timing for any transaction is unknown and there can be no certainty that the potential transaction will complete.

Company enquiries:

Marwyn Value Investors Limited

Scott Danks

[email protected]

Company Secretary - Palmer Fund Services (Jersey) Limited

[email protected]

1 Grenville Street

St Helier

Jersey JE2 4UF

Investor Relations - KK Advisory Limited

Kam Bansil

020 7039 1901

PR Adviser - FGS GlobalRollo Head 07768 994987Chris Sibbald 07855 955531

Corporate Broker - Panmure Liberum Limited

Chris Clarke

0203 100 2200

The Company is a closed-ended investment company, trading on the London Stock Exchange's Specialist Fund Segment - a fully regulated market for professional, institutional and sophisticated investors. Current investments through its underlying funds include InvestAcc Group Limited, AdvancedAdvT Limited, Zegona Communications plc, the operating business of Le Chameau, 450 plc, Palmer Street Limited, Marwyn Acquisition Company III Limited and MAC Alpha Limited.

Shares in the Company are not designed or intended for retail investors. Marwyn Investment Management LLP, the Manager, does not promote shares in the Company to retail investors and they should not be offered to retail investors.