Interim Management Statement

(LSE:GHV1) Gresham House Income & Growth VCT plc released its Interim Management Statement for the quarter ended 30 June 2026, including financial information up to the date of this statement. As of 30 June 2026, net assets attributable to shareholders were £217.34 million, compared to £196.58 million at 31 March 2026. Shares in issue increased to 361,236,492 from 316,972,590. Net asset value (NAV) per share was 60.17p at 30 June 2026, down from 62.02p at 31 March 2026. Cumulative dividends paid reached 173.00p per share, up from 170.50p, and cumulative total return (NAV basis) per share since inception was 233.17p, compared to 232.52p previously. The NAV per share decreased by 1.85 pence in the quarter, mainly due to a dividend payment of 2.50 pence per share on 10 April 2026, partially offset by an increase in the unrealised valuation of the portfolio. Adjusted for the dividend, NAV per share increased by 0.65 pence, or 1.0%, during the quarter. On 8 April 2026, the company invested £2.48 million in BBLHD Ltd (trading as 01Health), a healthcare platform. Follow-on investments included £0.07 million in Penfold Technology Ltd on 28 April 2026, £0.25 million in OnSecurity Technology Ltd on 11 May 2026, and £0.03 million in Veremark Ltd on 18 May 2026. The company realised its remaining holding in IDOX plc for £2.98 million on 10 April 2026, achieving a 5.2x multiple on cost. A loan repayment of £2.28 million was received from EOTH Limited (trading as Rab/Lowe Alpine) on 22 April 2026, with a total multiple on cost of 8.2x. On 1 April 2026, 44,745,151 Ordinary Shares of 1.00 pence each were allotted at an average price of 61.71 pence per share, raising gross funds of £27.61 million (£26.69 million after expenses), closing the offer for subscription. An interim dividend of 2.50 pence per share was declared on 2 March 2026 and paid on 10 April 2026. Following this, 1,967,881 new Ordinary Shares were allotted under the Dividend Investment Scheme (DIS) at 59.65 pence per share. After the period end, further investments included £0.23 million in Branchspace Ltd on 20 August 2026, £3.04 million in a financial services company on 25 August 2026, and £2.46 million in EAS Technologies Ltd (t/a Accredit Solutions) on 8 September 2026. On 27 July 2026, the company bought back 2,335,110 ordinary shares at 56.54 pence per share, which were cancelled. On 17 September 2026, a second interim dividend of 2.25 pence per share was declared, to be paid on 30 October 2026, reducing NAV per share to 57.92 pence and increasing cumulative dividends paid to 175.25 pence per share. Total dividends declared and payable for the year ending 30 September 2026 amount to 4.75 pence per share, meeting the Board's annual dividend target of 7% of opening NAV per share. Shareholders may register for the DIS to reinvest dividends into new shares at the latest published NAV, with elections due by 16 October 2026. All information is unaudited. Other than the events described, there were no material events during the period or up to the date of this announcement.