The information contained within this announcement (together with its Appendix, this "Announcement") is deemed by the company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of the domestic law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (as amended) ("UK MAR").  Upon the publication of this Announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

16 December 2025

Kelso Group Holdings Plc

("Kelso" or the "Company")

Upsizing of Placing and Subscription

Kelso, the main market listed investment vehicle, today announces that the £1m Fundraising, announced at 4:35pm on 15 December 2025, is being upsized. A further announcement confirming the outcome of the Fundraising will be made in due course.

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in Appendix of the Announcement, unless the context requires otherwise.

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About Kelso

Kelso was established in November 2022 to identify, engage and unlock trapped value in the UK stock market. Kelso's strategy is to invest in situations where there is an anomaly between the intrinsic value and prospects of a company and its stock market valuation. Kelso will, in particular, look for situations where it believes the sum of the parts of a business is greater than the current value.