ICG Enterprise Trust announces realisation of David Lloyd

Group 1 - ICG Enterprise Trust ("ICGT") has realized its investment in David Lloyd, achieving a 28% IRR since the initial investment in 2013 alongside TDR Capital [1] - The sale was executed in line with the last reported NAV, resulting in cash proceeds of £20 million [1] - David Lloyd, an operator of premium health clubs, represented 1.4% of ICGT's portfolio as of 31 July 2025, making it the tenth largest company exposure [1] Group 2 - As of 31 July 2025, ICGT reported Total Available Liquidity of £187 million and a gearing ratio of 5% [2] - Pro forma for the recent announcements, ICGT's Total Available Liquidity would increase to £243 million, with a reduced gearing ratio of 1% [2] - The gearing ratio is defined as net debt/NAV [2] Group 3 - ICG Enterprise Trust is a leading listed private equity investor focused on long-term compounding growth through selective investments in profitable, cash-generative private companies, primarily in Europe and the US [3] - The company invests directly in companies as well as through funds managed by ICG and other leading managers, emphasizing long-term value and sustainable growth [4] - ICGT has a strong track record of delivering returns through a flexible mandate and a selective approach that balances concentration and diversification, risk and reward [4]