Portfolio Update

Summary by AI ^BETAClose X

RM Infrastructure Income Plc has successfully tendered its entire £5 million holding in Voyage Care BondCo Plc 5.875% senior secured notes at par, settling on December 12, 2025. This exit, along with Investment Loan Reference 88, represents approximately 34% of the Company's September 2025 Net Asset Value, bringing the total recovery since the wind-down vote in December 2023 to around 57% of the November 2023 NAV, exceeding targets. This successful asset realization will form the basis for the next tender offer anticipated in the first quarter of 2026.

Disclaimer*

RM Infrastructure Income PLC

16 December 2025

RM Infrastructure Income Plc

("RMII" or the "Company")

LEI: 213800RBRIYICC2QC958

Portfolio Update

Loan Reference 15

The Company is pleased to report that it successfully tendered for its full holding of £5m nominal in the Voyage Care BondCo Plc 5.875% senior secured notes at par, ahead of market value and the transaction settled on 12^th December 2025.

As disclosed in the December 8^th 2025 RNS, the successful exit of Investment Loan Reference 15, alongside Investment Loan Reference 88, represents a recovery of circa 34% of the Company's September 2025 NAV. As a result, since the wind down vote in December 2023, RM Funds, the Investment Manager, has managed to recover circa 57% of the November 2023 NAV, ahead of target.

The above will form the basis of the next tender offer, expected in Q1-2026. A further announcement in that regard will be made by the Company's Board as and when applicable.

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For further information, please contact:

RM Capital Markets Limited - Investment Manager

James Robson

Thomas Le Grix De La Salle

Tel: 0131 603 7060

FundRock Management Company (Guernsey) Limited - AIFM

Chris Hickling

Dave Taylor

Tel: 01481 737600

Apex Listed Companies Services (UK) Ltd - Administrator and Company Secretary

Grace Goudar

Tel: 020 4534 0665

Singer Capital Markers Advisory LLP - Financial Adviser and Broker

James Maxwell

Asha Chotai

Tel: 020 7496 3000

About RM Infrastructure Income

RM Infrastructure Income Plc ("RMII" or the "Company") is a closed-ended investment trust established to invest in a portfolio of secured debt instruments.

On 20 December 2023, shareholders approved the implementation of the Managed Wind-down of the Company. Accordingly, the Company's investment objective was restated as follows: "The Company aims to conduct an orderly realisation of the assets of the Company, to be effected in a manner that seeks to achieve a balance between returning cash to Shareholders promptly and maximising value."

For more information, please see

https://rm-funds.co.uk/rm-infrastructure-income/

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