1. GCAP’s holding in Lion Finance Group as of 30 June 2026.
2. Lion Finance Group multiple is calculated based on the latest trading price and LTM 30 June 2026 figures.
3. Private portfolio companies and net other assets are valued as of 30 June 2026, Lion Finance Group is valued at the latest trading price. Net cash is presented as of 14 August 2026.
4. Shares outstanding are stated as of 14 August 2026, net of total unawarded shares in management trust.
5. In 2Q26, valuation assessments of our retail (pharmacy), healthcare services, insurance, renewable energy, and education businesses were performed by third-party independent valuation firm, in line with International Private Equity Valuation (“IPEV”) guidelines, as part of the semi-annual independent valuation cycle for these businesses.
6. The figure is calculated using GCAP’s latest trading price, GCAP’s holding in Lion Finance Group as of 30 June 2026, and Lion Finance Group’s latest trading price, assuming allocation of net cash to the private portfolio.