EPE Special Opportunities Limited

Investment

EPE Special Opportunities Limited ("ESO" or the "Company") is pleased to announce that on 2 July 2025, ESO Investments 1 Limited (an undertaking of ESO, in which it is the sole investor) ("ESO 1") acquired a majority stake in Prism Holdco (2025) Limited (the "Target" or, together with undertakings, the "Target Group") (the "Transaction").

The Target Group owns the LSA International brand which designs, develops and distributes a wide range of award-winning interior products, including glassware, tableware and interior accessories. The Target Group has achieved a strong reputation for design led, contemporary products centred on quality, craftmanship and sustainability. The Target Group supplies a broad range of premium retailers, hospitality partners and distributors in the UK and international markets, as well as operating e-commerce and marketplace channels. ESO will assist the Target Group's future growth ambitions, accelerated by collaboration and integration with the Company's existing portfolio company in the sector, the Rayware Group.

As part of the transaction, ESO 1 is investing up to £2.1 million (funded by cash reserves advanced from ESO) to fund the paydown of bank debt (£1.1 million) and to support working capital (£1.0 million), and ESO issued 298,013 shares to the former shareholders of LSA International. Following the Transaction, ESO has available cash of £7.1 million. The Transaction has no impact on the Company's net asset value.

Application has been made for the admission to trading on AIM of the 298,013 consideration shares which is expected to occur on 9 July 2025. Following admission, ESO will have 28,396,073 ordinary shares in issue with each ordinary share carrying the right to one vote. The total number of voting rights in the Company is therefore 28,396,073. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interests in, the Company under the FCA's Disclosure and Transparency Rules.

About ESO

·      ESO is an AIM-quoted, private equity investment company, whose objective is to provide long-term return on equity for its shareholders by investing in SMEs.

·      ESO seeks to invest up to £30 million into companies with strong fundamentals, including defensible competitive positioning and high levels of cash generation, and aims to partner with outstanding management teams to combine operational and financial expertise in each investment.

·      ESO will consider most industry sectors, including consumer, retail, manufacturing, financial services and the broader services sectors, and can make direct investments, special situations investments, primary and secondary fund investments and private investments in public equities.

·      ESO's investment horizon is flexible, creating the opportunity to maximise value via optimising exit timing, compounding returns and re-investing behind successful management teams.

The person responsible for releasing this information on behalf of the Company is Amanda Robinson of Langham Hall Fund Management (Jersey) Limited.

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