JPEL Private Equity Limited

60, Fourth Floor

Plaza House

Admiral Park

St Peter Port, Guernsey, GY1 4BF

www.jpelonline.com

14 July 2026

JPEL Private Equity Limited

(the "Company" or "JPEL")

Post-Close Statement and Board Update

The Board is pleased to provide the following post-close statement and corporate update.

Board Composition

In December JPEL began the orderly refreshment of its Board configuration as two of its three Directors had served for at least nine years. The first stage commenced at that time, with Sean Hurst stepping-down from his position as Chair and Tony Dalwood becoming Chair to see through the succession plan. As part of this process, JPEL was pleased to welcome two new Non-Executive Directors, Roy Barrett and Mark Ambrose (Non-Independent), in April 2026. Roy joined as Chair Designate and following a six-month transition period will take on the Chair role once the Company's Annual Financial Report is completed in October, at which time Tony Dalwood will step down from the Board.

Cost Reductions

The Board and Manager have continued to be focused on furthering the realisation of the remaining portfolio of investments in order to maximise returns, a process that began in 2016 and has to date successfully returned over $500 million to shareholders. Managing cost efficiencies has been an area of focus and JPEL is pleased to update that following agreement from related service providers, accounting and administrative expenses have been reduced from c$400,000 in 2025 to an annual rate of $150,000 effective as of January 2026. As such, the 30 June 2026 annual report will reflect a part-year benefit of this saving.

Strategic Options

The Board is currently assessing strategic options for the Company to ensure it is appropriately structured to realise maximum value for shareholders, as the size of the vehicle reduces. This involves assessing the potential costs and benefits of the various scenarios open to the Company, including the timing of a formal liquidation process, the potential for becoming self-managed, continuing to operate under the existing listing until the ultimate wind-down of the private equity portfolio, or until a stage has been reached with certain of the portfolio's assets. The Board actively engages in regular dialogue with Shareholders on such topics, particularly as shareholders have various constraints and objectives including differing preferences regarding maintaining the Company's listing.

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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. 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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