Publication of monthly factsheet

15 October 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 11.6% in September, outperforming the FTSE All Share total return Index which increased by 1.9% over the month. Over the last three months UIL's NAV total return was up 22.0% against the FTSE All Share total return Index of 6.9%.

September was an optimistic month for the markets particularly by the Hong Kong Hang Seng Index which was up by 7.1%, fuelled by the ongoing extension of the US-China trade truce and continued AI optimism. The US market also reflected positive AI sentiment, as the S&P 500 Index was up by 3.5% and it was also helped by the US Federal Reserve Bank cutting interest rates by 25 bps for the first time in 2025. The US Dollar appreciated against Sterling by 0.4%.

The FTSE 100 Index was up by 1.8% during the month of September. However, the ASX 200 Index was down by 1.4% in the month. The Eurostoxx Index was up by 3.3% and the New Zealand Exchange was also up by 2.8% in September.

The gold price was up by 11.9% during the month at USD 3,858.96, and copper was up by 7.5%. Nickel was down by 1.3% in September. Brent Crude oil declined by 1.6% ending the month at USD 67.02.

Sterling depreciated 1.6% against the Australian Dollar in September and 0.4% against the US Dollar. Conversely the New Zealand Dollar and the Canadian Dollar appreciated against Sterling by 1.3% and 1.0% respectively during the month.

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 one change to the constituents of the top ten holdings in September. Alliance Nickel Limited, whose share price was up by 15.4% during the month, replaced West Hamilton Holdings.

Resimac's share price rose 8.7% in September and Horizon Gold's share price was up by 30.6%, contributing to UIL's gold investments rising to 18.3% of total portfolio. Utilico Emerging Markets' share price was up by 2.0% during the month.

ORDINARY SHARES

The share price of the ordinary shares increased by 13.1% in September ending the month at 147.00p. In September, 110,000 shares were bought back at an average price of 133.50p.

UIL declared a fourth quarterly interim dividend of 2.00p per ordinary share in respect of the year ended 30 June 2025, which will be paid on 24 October 2025 to shareholders on the register on 3 October 2025.

ZDP SHARES

The share price of the 2026 ZDP shares increased 0.4% to 139.00p whilst the share price of the 2028 ZDP shares decreased by 4.3% to 121.50p as at 30 September 2025.

DEBT

In September, UIL announced it had entered into a AUD 15.0m loan facility from Resimac for general corporate purposes. The loan was drawn down in full and is repayable on 27 December 2025. Shortly after the month end, UIL announced that the maturity date of its £24.0m loan facility with GPLPF, of which £13.1m has been drawn, had been extended to 31 March 2026.

Name of contact and telephone number for enquiries:

Charles Jillings

ICM Investment Management Limited +44(0)1372 271486