Sale of a Portfolio of Fund Interests

Summary by AI ^BETAClose X

CT Private Equity Trust plc has raised £24.7 million from the sale of a portfolio of nine older European fund interests, dating from 2008 to 2019, which were deemed to have less potential for value creation. The sale occurred at a 16.1% discount to the 31 December 2025 net asset value, a figure in line with secondary market practices, and the proceeds represent 4.9% of the Company's Q1 2026 NAV, resulting in a 1.3% reduction in NAV. These proceeds will be used to reduce leverage and fund new investments, with the Manager identifying attractive opportunities, particularly in direct co-investments. This transaction, combined with a recent realization, has generated approximately £43 million in proceeds at a premium to their previous carrying value, enhancing liquidity and providing flexibility for future investments and potential share buybacks.

Disclaimer*

CT Private Equity Trust PLC

02 July 2026

CT Private Equity Trust plc ("the Company")

LEI: 2138009FW98WZFCGRN66

Date 2 July 2026

CT Private Equity Trust plc strengthens its liquidity position through the sale of a portfolio of fund interests raising £24.7 million.

CT Private Equity Trust plc has completed the sale of a portfolio of fund interests for £24.7 million. The portfolio comprised nine of the Company's older European fund positions dating from 2008 to 2019, which were considered to have less potential for further value creation.

The portfolio was sold to institutional buyers at a 16.1% discount to the 31 December 2025 net asset value ("NAV") adjusted for cashflows up to completion, in line with standard secondary market practice. The level of discount reflects the age, concentration, size and more limited growth prospects of the underlying assets. The proceeds represent 4.9% of the Company's Q1 2026 NAV and the transaction has resulted in a 1.3% reduction in NAV.

Proceeds from the sale will be used to reduce leverage and to fund new investments, with the Manager currently seeing attractive opportunities, particularly in direct co-investments.

Andrew Carnwath, Fund Manager noted "This transaction crystallises value from several mature holdings with less scope for further value creation at a discount materially narrower than that at which the Company's shares currently trade.

Together with the recently announced Cyberhawk realisation, these transactions generate approximately £43 million of proceeds at a premium to their previous carrying value. This provides further evidence of the underlying value of the portfolio while significantly enhancing the Company's liquidity position.

This additional liquidity gives us significant flexibility to fund new investments and capitalise on the attractive opportunities we are currently seeing. Delivering a predictable and growing quarterly dividend is a key priority. We will also consider share buybacks where they represent an attractive use of capital and enhance shareholder value."

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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