Update from QuotedData

Caledonia Investments (CLDN) held a funds spotlight event on 27 January, where its managers gave a detailed overview of its funds pool. This pool is one of three parts of CLDN's portfolio, sitting alongside investments in public and private companies. It makes up about a third of total assets. The funds pool invests in North America and Asia, which the team see as highly attractive markets with structural advantages. This is especially true when working with skilled and knowledgeable local managers.

This is the third and final report on the different segments of CLDN's portfolio. The recent funds event highlighted the strong opportunities in North America and Asia and CLDN's unique access to these markets. Often, CLDN is the only foreign investor in these funds. Over the past ten years, the funds pool has delivered the highest returns of CLDN's three segments, averaging an impressive 13.3% per year to 30 September 2025.

Full Research:

NB: Marten & Co was paid to produce this note Caledonia Investments Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

QUOTEDDATA