Update on NAV and SpaceX Valuation

Summary by AI ^BETAClose X

Scottish Mortgage Investment Trust PLC announced an upward adjustment to the valuation of its SpaceX holding, reflecting its policy for private company investments and the confirmed initial public offering price. This adjustment has increased the Net Asset Value to 1493.98p as of June 3, 2026. Consequently, SpaceX now represents 21.0% of the company's total assets, up from 17.9% on April 30, 2026.

Disclaimer*

Scottish Mortgage Inv Tst PLC

04 June 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 and the confirmation from SpaceX of the initial public offering price. This has been reflected in the Net Asset Value of the Company which as at close of business on 3 June 2026 stands at 1493.98p.

Following that adjustment in valuation the proportion of the Company's total assets made up by SpaceX stands at 21.0% at close of business on 3 June 2026, compared with 17.9% on 30 April 2026.

Baillie Gifford & Co Limited

4 June 2026

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END