27 June 2025

Caledonian Holdings plc

("Caledonian Holdings" or "the Company")

Update re. investment in Skillcast

The Board of Caledonian Holdings plc (AIM:CHP), an AIM-quoted investing company focused on the financial services market, today provides an update on its investment in Skillcast Group plc ("Skillcast").

Between 3 September 2024 and 26 June 2025, the Company sold a total of 625,676 shares in Skillcast at an average price of c.43p per share generating aggregate net proceeds of approximately £266,901.63 for the Company ("the Disposal"). The Disposal is expected to generate a realised gain of £6,233 for the Company in the financial year to 31 March 2025 and a realised gain of £64,441 for the Company in the financial year to 31 March 2026.

Following the Disposal, the Company no longer holds any shares in Skillcast. The proceeds of the Disposal are being recycled by the Company in line with its investment objectives.

The Company originally invested £250,000 in Skillcast via a subscription of 675,676 new ordinary shares in Skillcast at a price of 37p per share as part of its IPO funding round in December 2021.

Skillcast helps companies make compliance simple and build ethical, inclusive, and resilient workplaces. It provides content and technology to digitise and streamline compliance processes and manage them from a single compliance portal. Its product range includes a Learning management system with comprehensive off-the-shelf compliance course libraries, a Policy hub, Staff declarations, Anonymous surveys, CPD tracking, and compliance registers for gifts, expenses, PA dealing, whistleblowing.

For the year ended 31 December 2024 Skillcast generated revenue of £13.2 million and profit before tax of £0.5 million. As at 31 December 2024 Skillcast's audited net assets were £5.8 million.

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