NAV update and adjustment to valuation of SpaceX

Summary by AI ^BETAClose X

Scottish Mortgage Investment Trust PLC has announced an upward adjustment to the valuation of its holding in SpaceX, which has increased the Company's Net Asset Value to 1316.12p as of March 31, 2026. This revaluation means SpaceX now represents 19.3% of the Company's total assets, up from 15.4% on February 28, 2026, reflecting the manager's policy for valuing private company investments.

Disclaimer*

Scottish Mortgage Inv Tst PLC

01 April 2026

This announcement contains inside information for the purposes of Article 7 of the UK Market Abuse Regulation. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

Scottish Mortgage Investment Trust PLC (SMT)

("The Company")

Legal Entity Identifier: 213800G37DCS3Q9IJM38

Update on Net Asset Value and adjustment to the valuation of Space Exploration Technologies Corporation ('SpaceX')

Today, the Board has been advised by the Manager of an upwards adjustment in the valuation of the Company's holding in SpaceX in line with its policy for valuing private company investments. This has been reflected in the Net Asset Value of the Company which as at close of business on 31 March 2026 stands at 1316.12p .

Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 19.3% at close of business on 31 March 2026, compared with 15.4% on 28 February 2026.

Baillie Gifford & Co Limited

1 April 2026

Regulated Information Classification: Additional regulated information required to be disclosed under applicable laws and regulations.

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