Offer Update - utilisation of over-allotment facility

Group 1 - The Company, along with Northern 2 VCT PLC and Northern 3 VCT PLC, has utilized its over-allotment facility to raise an additional £6.0 million due to strong demand for its shares [1] - The Offers for new ordinary shares will remain open until 12 noon on 31 March 2026, unless fully subscribed earlier, with a first allotment scheduled for 25 November 2025 [2] - Existing shareholders as of 16 June 2025 will receive a 0.5% reduction in offer costs for their subscriptions [2] Group 2 - A downloadable version of the Prospectus is available on the Company's website and can also be obtained free of charge from the registered office [3] - Enquiries regarding the Offers can be directed to Mercia Fund Management Limited [3]