Disposal

On 5 September 2023 Caledonia Investments plc ("Caledonia") announced (under RNS number 3620L) that it had agreed terms for the sale of its majority stake in Seven Investment Management ("7IM"), a vertically integrated retail wealth management business, to Ontario Teachers' Pension Plan Board ("Ontario Teachers"), a global investor with approximately C$250 billion in net assets.

7IM

7IM provides wealth management, asset management and platform services to over 9,000 retail investors and over 2,000 intermediaries in the UK. At the core of its business is a proprietary investment platform which provides award-winning service and functionality to financial advisers, alongside a multi-asset investment management function that aims to provide low-volatility, low-cost returns utilising both active and passive strategies. When Caledonia acquired the business in September 2015, 7IM had assets under management (AUM) of £9.5 billion. Today, 7IM has circa £21 billion AUM.

For additional information on 7IM, please visit www.7im.co.uk.

Neither the contents of Caledonia's nor 7IM's websites, nor the contents of any website accessible from hyperlinks on these websites (or any other website) is incorporated into, or forms part of, this announcement.