Statement on Silicon Valley Bank

SERAPHIM SPACE INVESTMENT TRUST PLC

("SSIT" or "the Company")

Statement on Silicon Valley Bank 

Seraphim Space Investment Trust plc (LSE: SSIT), the world's first SpaceTech investment company, notes the recent events concerning Silicon Valley Bank ("SVB").

SSIT confirms that it does not bank with SVB, nor does its investment manager, Seraphim Space Manager LLP (the "Investment Manager").

Eight portfolio companies use SVB as their primary banking provider. The Company does not anticipate that the recent SVB events will have any impact on the Company's NAV.

The Investment Manager will continue to closely monitor the situation and the Company will update the market as appropriate.

- Ends -

Media Enquiries

Seraphim Space Manager LLP (via SEC Newgate) Mark Boggett, CEO / James Bruegger, CIO / Rob Desborough

SEC Newgate (Communications advisers) [email protected]  Emma Kane / Clotilde Gros / George Esmond +44 (0) 20 3757 6767 

Deutsche Bank  Mark Hankinson / Gavin Deane / Neil Coleman +44 (0) 20 754 58000 

J.P. Morgan Cazenove William Simmonds / Jérémie Birnbaum / Rupert Budge +44 (0) 20 7742 4000 

Ocorian Administration (UK) Limited [email protected] 

Lorna Zimny +44 28 9693 0222

Notes to Editors:

About Seraphim Space Investment Trust

Seraphim Space Investment Trust plc (the "Company" or "SSIT) is the world's first listed fund focused on SpaceTech. The Company seeks exposure predominantly to early and growth stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.

The Company is listed on the Premium Segment of the London Stock Exchange. Further information is available at: https://investors.seraphim.vc