NAS North Atlantic Smaller Companies Investment Trust Plc

TIDMNAS

RNS Number : 2540G

North Atlantic Smlr Co Inv Tst PLC

17 July 2023

NORTH ATLANTIC SMALLER COMPANIES INVESTMENT TRUST PLC ("NASCIT")

NASCIT is pleased to announce that, subject to FCA approval, Harwood Private Equity V, in which NASCIT has a substantial investment, sold on Friday 14th July one of its private equity holdings. On a look-through basis NASCIT invested GBP2.75m just under three years ago and expects to receive at the closing, approximately GBP7.5m with a further earn out of up to GBP0.7m within the next year. This represents an uplift on the 30th June 2023 valuation of approximately GBP2.0m.

Enquiries:

Christopher Mills and Christopher Hart

020 7640 3200

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