Share Buyback Programme

Crystal Amber Fund announces that it intends to continue to conduct on-market purchases to buyback the Company's shares under a share buyback programme. Since 15 December 2023, approximately £23.3 million has been returned to shareholders in share buybacks and in order to continue this and reduce the Company's share capital, from now until 15 March 2026 the Company intends to repurchase ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") up to an aggregate amount of £5,000,000 or 4,000,000 Ordinary Shares, pursuant to the authority obtained at the Company's annual general meeting on 2 December 2025 (the "Buyback").

The Company has appointed Winterflood Securities Limited ("Winterflood") to execute and manage the Buyback and has given an irrevocable instruction to Winterflood to make market purchases of Ordinary Shares on its behalf, independently of the Company, subject to any daily volume limits that the Company may impose from time to time. Winterflood will make its trading decisions in relation to the Ordinary Shares independently of and uninfluenced by the Company with such trading decisions being in line with the terms of the Buyback.

Purchases made under the Buyback may only be made at prices below the estimated net asset value per Ordinary Share ("NAV") based on the last published NAV as at the date of the purchase and when the Ordinary Shares trade at a discount to the NAV of more than 20 per cent.

The Company will make further announcements in due course following any share purchases conducted through the Buyback. Ordinary Shares purchased in the Buyback will be cancelled in due course.