Net Asset Value(s)

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

Total Assets - including current period revenue* at 31 May 2024

£18.27m

Net Assets - including current period revenue* at 31 May 2024

£18.27m

Number of shares in issue:

45,645,241

The Net Asset Value (NAV) per share at 31 May 2024 was:

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

40.02p

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

40.02p

Ordinary share price

34.50p

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

(13.78%)

Portfolio summary:

% of portfolio

1

Cash and other net current assets

30.73%

2

Synectics Plc

18.74%

3

Fireangel Safety Technology Plc

12.85%

4

Centaur Media Plc

9.56%

5

National World Plc

8.55%

6

Volex Plc

7.53%

7

Equals Group Plc

5.63%

8

DigitalBox plc

4.53%

9

Real Good Food Company Plc (Equity and Loan Notes, including accrued interest)

1.51%

10

Norman Broadbent Plc

0.37%

Total

100.00%