Investment Update

Summary by AI ^BETAClose X

CT Private Equity Trust plc has announced the sale of its investment in Cyberhawk Holdings Limited to Ondas Holdings Inc., a transaction expected to complete in Q3 2026. The Company's initial £2.1 million investment in March 2019, representing a 23% stake, is anticipated to yield approximately $24 million, resulting in a 7.4x return on cost and a 33% IRR. This sale proceeds of £18.3 million represents a £7.6 million uplift of 71% compared to the £10.7 million valuation as of March 31, 2026, and is expected to increase the Company's net asset value by approximately 1.5%.

Disclaimer*

CT Private Equity Trust PLC

19 June 2026

CT Private Equity Trust plc ("the Company")

LEI: 2138009FW98WZFCGRN66

Investment Update

CT Private Equity Trust plc announces that leading drone-based inspection and visualisation software company Cyberhawk Holdings Limited ("Cyberhawk"), in which the Company has an investment, has entered an agreement for its sale to Ondas Holdings Inc. ("Ondas"). The transaction is subject to regulatory approval and is expected to complete in Q3 2026.

The Company made its initial investment of £2.1 million in Cyberhawk in March 2019, acquiring a 23% stake in the business. The investment was led by European energy transition specialist Magnesium Capital.

For CT Private Equity Trust plc, the transaction is expected to generate proceeds of approximately $24 million, representing a net return for the Company of c.7.4x cost and an IRR of c.33%.

As at 31 March 2026 the Company's investment in Cyberhawk was valued at £10.7 million. Anticipated sale proceeds of $24 million (£18.3 million*) represents an uplift of £7.6 million (71%) to the Company's last published holding value. Anticipated proceeds represent approximately 3.7% of the Company's Q1 2026 net asset value and an uplift of approximately 1.5% of net asset value.

*using 31 March 2026 exchange rate of 0.75832

For more information, please contact:

Andrew Carnwath (Fund Manager)

0131 573 8283

andrew.carnwath@columbiathreadneedle.com

Scott McEllen (Company Secretary)

0131 573 8372

scott.mcellen@columbiathreadneedle.com

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