Appointment of Director

The Company is pleased to announce the appointment of Sam Dobbyn as a non-executive director of the Company with immediate effect.

Sam Dobbyn, who has significant relevant experience in his capacity as a director at Allied Minds PLC and previously as a director at Urban Exposure PLC, will oversee the transition into the Company's proposed new strategy, ensuring continuity of portfolio oversight, and acting as the central point of accountability between the Board, Chrysalis Investment Partners LLP (as the Company's investment adviser) and the Company's other advisers. Beyond the transition, the Board intends that Sam will lead the execution of the Company's business plan in respect of key portfolio assets, supported by other Board members and by external advisers as required.

Andrew Haining, Chairman of Chrysalis, commented, "Sam brings deep public market expertise and an impressive track record of experience that will be an asset to the Board. We have had the opportunity to work with Sam since late last year as a consultant to the Board, and his experience will enable the Company to execute the new strategy in the interest of shareholders."

Sam's appointment will be proposed for election by the Company's shareholders at the Annual General Meeting of the Company to be held in 2026.

No further information in relation to Sam is required to be disclosed by UKLR 6.4.8R.

The Company is an alternative investment fund ("AIF") for the purposes of the AIFM Directive and as such is required to have an investment manager who is duly authorised to undertake the role of an alternative investment fund manager ("AIFM"). The AIFM appointed is G10 Capital Limited (part of the IQEQ Group). Chrysalis Investment Partners LLP (FRN: 1009684) is an Appointed Representative of G10 Capital Limited (FRN: 648953), which is authorised and regulated by the Financial Conduct Authority.