Share Price

INVESTORS

Financial Resources

Balance Sheet ($ in millions, except per share) 31/12/22 30/11/22
Equity Investments $1,265.5 $1,264.2
Income Investments 105.6 108.7

Total Direct Investments $1,371.1 $1,373.0
Legacy Private Equity Funds 7.4 8.3

Total Private Equity Fair Value $1,378.5 $1,381.3
Cash 7.0 4.6
Credit Facility Borrowings - -
ZDPs (72.8) (71.8)
Other Assets / Liabilities (Net) (6.0) (6.0)

Net Asset Value $1,306.7 $1,308.1
Net Asset Value Per Share $27.94 $27.97
Summary of Private Equity Exposure 31/12/2022 30/11/2022
Private Equity Investment Level 105% 106%
Cash + Available Credit Facility 307.0 304.6
Adjusted Unfunded Commitments 47.6 47.2

Adjusted Commitment Cover Ratio 646% 645%
Sterling NAV & Trading Information (£) 31/12/2022 30/11/2022
NAV Per Share £23.23 £23.49
Closing Share Price £16.00 £15.80
Premium (Discount) (31.1%) (32.7%)

As at 31 December 2022.