Upsizing of Placing and Subscription

Kelso, the main market listed investment vehicle, today announces that the £1m Fundraising, announced at 4:35pm on 15 December 2025, is being upsized. A further announcement confirming the outcome of the Fundraising will be made in due course.

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in Appendix of the Announcement, unless the context requires otherwise.