28 April 2026

India Capital Growth Fund Limited (the "Company" or "ICGF")

LEI: 213800TPOS9AM7INH846

Estimated Daily Net Asset Value ("NAV") statement as at 28 April 2026

The Company announces its Net Asset Value per ordinary share as at 28 April 2026 was estimated to be 177.30 pence.

The Company also announces its Net Asset Value per ordinary share before Indian CGT deferred tax provision as at 28 April 2026 was estimated to be 186.91 pence.

The Net Asset Value per ordinary share has been estimated based upon 66,127,624 ordinary shares with voting rights in the Company as at 28 April 2026.

This estimated daily NAV is provided by the Investment Manager of the Company and is, by its nature, based on incomplete and estimated data. The making of such an estimate involves known and unknown risks, uncertainties and other factors which may cause the estimated results, performance, or achievements to be different from any actual results, performance, or achievements.