JPEL Private Equity Limited

60, Fourth Floor

Plaza House

Admiral Park

St Peter Port, Guernsey, GY1 4BF

www.jpelonline.com

14 April 2026

JPEL Private Equity Limited

(the "Company" or "JPEL")

Appointment of Directors

Further to the Company's outlined orderly Board succession plan, as announced on 2 December 2025, JPEL Private Equity Limited is pleased to announce the appointment of two Non-Executive Directors who will join the Board with immediate effect.  

Roy Barrett

Roy Barrett is appointed as an Independent Non-Executive Director and Chair Designate. He is a business leader with more than 30 years' experience. He served as Chief Executive Officer of Goodbody, one of Ireland's leading stockbroking firms, from 1996 to 2021, and subsequently became Chief Executive Officer of CastleGate Investments, a large single‑family office, from 2021 to 2024. Roy has held several executive and non‑executive positions, including Chair of Cluid Housing, Independent Director of Bohemians Football Club, Chair of the Football Association of Ireland (2020-2023) and Chair of Sherry FitzGerald, a real estate advisory firm (2022-2024).

It is expected that Roy Barrett will become the Chair of the Company in due course, ensuring adequate time to effect an orderly transition.

Mark Ambrose

Mark Ambrose is appointed as a Non-Independent Non-Executive Director. He has 20 years' experience in financial markets, including at Atlas Capital Group, ABN Amro, CLSA (UK) and LingBridge. Mark spent almost 10 years as a desk strategist and specialist salesman on the investment companies team at Jefferies in London before joining Staude Capital Ltd in March 2020, where he is a current board member. Staude Capital Pty Ltd[1] is investment manager to funds holding 1,771,194 shares (10.36%)[2] in JPEL. Therefore, Mark is not considered to be an independent director within the meaning of the AIC Code of Corporate Governance.  Mark holds a MSc in Applied Mathematics from Imperial College London as well as a BSc in Mathematics from Northumbria University, and is a CFA Charterholder.

Anthony Dalwood, Chairman of JPEL, commented "On behalf of the Board, I am delighted to welcome Roy and Mark to the JPEL Board. Roy brings an exceptional track record in strategic leadership and governance across a breadth of financial services and other sectors, whilst Mark brings investment experience alongside deep knowledge and significant experience in the investment companies sector. Together, they will provide valuable perspectives that complement the Board's existing strengths as we continue to execute on the Company's shareholder-agreed strategy and focus on delivering long‑term value for all shareholders."

There is no other information required to be disclosed under UK Listing Rule 6.4.8.

Following these appointments, the Board will comprise four directors, of whom three are independent.

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About JPEL Private Equity Limited

JPEL Private Equity Limited ("JPEL" or the "Company") is a Guernsey registered and incorporated closed-ended investment company with shares admitted to trading on the Main Market of the London Stock Exchange (LSE: JPEL). The investment advisor of the Company is FCF JPEL Management LLC (the "Manager"). The Manager is a Delaware limited liability company and an affiliate of Fortress Investment Group LLC ("FIG" or "Fortress"). The Manager is a "relying advisor" of Fortress, pursuant to applicable SEC guidance. The Manager is effecting an orderly realisation of the investments and other assets comprised in the Company's portfolio and will seek to realise such investments and assets in order to maximise returns. JPEL has returned $537.6 million to US$ Equity Shareholders, or approximately 112% and 141% of the Company's 31 October 2016 NAV and market capitalization, respectively. The Board and the Manager continue to look at all options that they believe will maximise shareholder value for the assets individually and the Company as a whole.

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