The information contained in this announcement is restricted and is not for publication, release or distribution in the United States of America, any member state of the European Economic Area, Canada, Australia, Japan or the Republic of South Africa.

19 August 2021

Chrysalis Investments Limited

("Chrysalis" or the "Company")

Portfolio Update

The Company is pleased to announce an investment of £40 million in Tactus Holdings Limited ("Tactus" trading as "Tactus Group"), which will enable Tactus to accelerate its international buy-and build-strategy, with several global acquisitions and partnerships already identified.

Tactus is a consumer technology expert, supplying a range of own and third-party branded IT hardware, including entry level laptops, high end gaming PCs, and a range of components and accessories.

The market that Tactus operates in is hugely fragmented, and the company is looking to complement its proven ability in brand creation and development with the acquisition of recognised, well-respected brands to build a market leading position across three key verticals globally: entry level computing, gaming and education. Following the recent acquisition of CCL Computers, Tactus has already built a market leading position in the rapidly growing gaming sector.

Tactus has established a number of successful own-brands and this is reflected by the fact it is accredited with Microsoft Gold Partner status and was recently named Microsoft's 2021 Global Device Partner of the Year.

Richard Watts and Nick Williamson (co-portfolio managers) comment:

"Our investment in Tactus builds on our portfolio of rapidly growing companies that are benefitting from structural tailwinds and establishing clear market leadership.

Tactus operates in a hugely fragmented market that is ripe for consolidation and we look forward to supporting Scott and the team as they execute their ambitious growth strategy and build a market leading position across key verticals."

Scott Brenchley (CEO of Tactus Group) comments:

"Our aim is to become the go-to e-commerce group for gaming and computing globally and this strategic backing from Chrysalis will be crucial in accelerating that plan.

We have an exciting M&A pipeline ahead of us and look forward to working with the Chrysalis team as we continue on our international growth journey."

About Tactus Holdings Limited

Tactus is a consumer technology business specialising in gaming, education and entry level computing. It is committed to making technology more accessible to consumers all over the world.

Headquartered in Warrington with a footprint across Europe, North America and Asia, the Group employs over 200 experts that produce and source innovative technology. It reaches consumers through established retailers, the IT channel and its own e-commerce platforms.

Tactus Group is a Microsoft OEM and Gold Partner, and has long-standing partnerships with a number of blue-chip companies including Amazon, eBay and Best Buy.

-ENDS-

LEI: 213800F9SQ753JQHSW24

A copy of this announcement will be available on the Company's website at

https://www.chrysalisinvestments.co.uk/

The information contained in this announcement regarding the Company's investments has been provided by the relevant underlying portfolio company and has not been independently verified by the Company. The information contained herein is unaudited.

This announcement is for information purposes only and is not an offer to invest. All investments are subject to risk.  Past performance is no guarantee of future returns.  Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decision.  The value of investments may fluctuate.  Results achieved in the past are no guarantee of future results. Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.