Net Asset Value(s) and Portfolio

The Company announces the following, all of which is unaudited:

Total Assets - including current period revenue* at 29 February 2024

£30.44m

Net Assets - including current period revenue* at 29 February 2024

£30.44m

Number of shares in issue (excluding treasury):

46,608,486

The Net Asset Value (NAV) per share at 29 February 2024 was:

Per Ordinary share (bid price) - including current period revenue*

65.31p

Per Ordinary share (bid price) - excluding current period revenue*

65.31p

Ordinary share price

62.00p

Premium/(Discount) to NAV (including current period revenue)

(5.07%)

Portfolio summary:

% of portfolio

1

Cash and other net current assets

34.04%

2

Synectics Plc

11.05%

3

Volex Plc

8.35%

4

Centaur Media Plc

8.15%

5

Flowtech Fluidpower Plc

6.72%

6

Fireangel Safety Technology Plc

6.52%

7

Equals Group Plc

5.60%

8

National World Plc

4.60%

9

Ramsdens Holdings Plc

3.32%

10

Journeo plc

2.73%

11

DigitalBox plc

2.64%

12

Theworks.co.uk Plc

2.28%

13

Norman Broadbent Plc

2.00%

14

Hargreaves Services Plc

1.04%

15

Inspecs Group plc

0.96%

Total

100.00%