Publication of monthly factsheet

11 July 2025

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

Publication of monthly factsheet

The latest monthly factsheet for UIL Limited ("UIL" or the "Company") will shortly be available through the Company's website at:

https://www.uil.limited/investor-relations/factsheet-archive

Monthly commentary

PERFORMANCE

UIL's net asset value ("NAV") total return was up by 13.5% in June, significantly outperforming the FTSE All Share total return Index which increased by 0.5% over the month.

Heightened political tensions continued in June, with Israel launching attacks on Iranian nuclear and military facilities, reprisals from Iran and on 21 June 2025, a US strike on three Iranian nuclear sites. However, President Trump announced a ceasefire, defusing tensions and stock markets witnessed a relief rally, with the S&P 500 Index ending the month up by 5.0%. The Dow Jones Index increased 4.3% in June.

The Federal Reserve in the US continued to hold interest rates, as did the Bank of England, but the European Central Bank cuts rates by 25bps in June. The Eurostoxx Index was down by 1.2% in June whilst the FTSE 100 Index was down by 0.1%.

The Reserve Bank of Australia and the Reserve Bank of New Zealand held interest rates in June. The New Zealand Stock Exchange and the ASX 200 Index were both up by 1.5% and 1.3% respectively in the month.

Gold's price was relatively unchanged during the month at USD 3,303.14. Copper was up by 7.5% and Nickel declined by 0.1%. Brent Crude oil gained 5.8% ending the month at USD 67.61.

Sterling strengthened in June, gaining 1.6% against the US Dollar, 0.8% against the Canadian Dollar but depreciating against the Euro and Australian Dollar by 1.8% and 0.2% respectively.

PORTFOLIO UPDATE

UIL's top ten holdings are disclosed on a look through basis, taking into account the underlying

investments of Somers Limited and Zeta Resources Limited. There was no change to the constituents of the top ten holdings in June.

Resimac's share price rose 1.2% in the month. However, adding back dividends received in June of AUD 0.12 per share, Resimac's return for the month was 15.6%.

Zeta Resources' underlying investment in gold miner Kumarina, saw its valuation rise on gold realisations as its mining operations progress. Horizon Gold's share price was up by 9.8% in June, also contributing to Zeta Resources' valuation increase. Utilico Emerging Markets' share price was up 1.2% and adding back dividends per share of 2.325p, UEM's NAV total return was 2.8%.

Allectus Quantum's sole portfolio company Diraq recently raised AUD 15.0m further investment and the material increase in its valuation reflects the terms of that raise. Diraq has made strong progress this year including announcing a partnership with Quantum Machines and Nvidia DGX Quantum, as well as being selected for the US DARPA Quantum Benchmarking Initiative following a global evaluation. Diraq's aim is to make commercially useful quantum computers a reality.

ORDINARY SHARES

The share price of the ordinary shares was up by 1.7% at 118.00p, during June and 42,900 shares were bought back at a price of 116.50p.

ZDP SHARES

The share price of the 2026 and 2028 ZDP shares both decreased in the month by 1.4% and 0.4% respectively to 137.00p and 118.00p.

Name of contact and telephone number for enquiries:

Charles Jillings

ICM Investment Management Limited +44(0)1372 271486