Company Announcements

    --  0.32% per annum on such part of the Company's Market Capitalisation that
        is less than or equal to £250 million (reduced from 0.40%);
    --  0.304% per annum on such part of the Company's Market Capitalisation
        that exceeds £250 million but is less than or equal to £500 million
        (reduced from 0.38%); and
    --  0.256% per annum on such part of the Company's Market Capitalisation
        that exceeds £500 million (reduced from 0.32%).

The Board believes that the reduction in the investment management fee will enhance the Company's competitiveness and ensure that it remains attractively priced for investors.

Juniper Partners Limited

Company Secretary

Telephone:   0131 378 0500

cosec@junipartners.com  

8 May 2026