Correction of Diluted Net Asset Value per Share 

The Company refers to its recent announcements of its Net Asset Value ("NAV") per share for the period from 14 April 2026 to 15 May 2026. 
 
The Company has identified an error in the calculation of the diluted NAV per share included in those announcements. The error arose as a result of the diluted share count being calculated to include the number of shares held in treasury, rather than the total of the current shares in issue and the £5 million cap on subscription share exercises (as detailed below).

The calculation for the diluted NAV per share assumes that, based on the subscription exercise price of 104.63p, the maximum number of shares the Company can issue is 4,778,744, being the GBP 5 million maximum amount that the Company can issue without the requirement to publish a UK prospectus. Please note that the maximum shares that can be issued and the NAV dilution are only current estimates. Any further amendments to the dilution calculation will be communicated in subsequent NAV announcements.

 
As a consequence, the diluted NAV per share previously reported was understated. 
 

Restated Diluted NAV per Share (14 April 2026 - 15 May 2026)

 
There is no change to the Company's total NAV at any reporting date, nor to the valuation of the underlying portfolio. The correction results in an increase to the undiluted NAV per share over the period.

About Golden Prospect Precious Metals

Golden Prospect Precious Metals Limited is a closed-ended investment company incorporated with limited liability in Guernsey on 16 October 2006. The Company's investment objective is to provide Shareholders with capital growth from a portfolio of companies involved in the precious metals sector.

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