Mercia Asset Management PLC

("Mercia", the "Group" or the "Company")

Mercia's Northern VCTs raise record £80.0million

Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with  over £2.0billion of assets under management ("AuM"), is pleased to note that the three Northern Venture Capital Trusts ("Northern VCTs"), which form part of Mercia's third-party funds under Management ("FuM"), have successfully completed their expanded fund raise totalling £80.0million of new capital, through share offers launched in September 2025.

The Northern VCTs comprise Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC. Following an initial allotment in November 2025, they each expect to allot the remaining new shares on or around 2 April 2026.

Mark Payton, Chief Executive Officer of Mercia, commented: "I am delighted that the Northern VCTs have achieved a record fund raise in the context of a more challenging fund raising environment. The successful £80.0million fund raise is another example of how Mercia is scaling its broad range of investment capabilities across venture, development capital and property finance. It also underscores the trust that Mercia has built in managing the Northern VCTs, which remain a vital source of investment for SMEs throughout the UK, whilst they navigate the current economic climate."

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About Mercia Asset Management PLC

Mercia is a private capital asset manager focused on supporting regional SMEs to achieve their growth aspirations. Mercia provides capital across its four asset classes of venture, debt, private equity and proprietary capital: the Group's 'Complete Connected Capital'.

The Group has a strong UK footprint through its 11 regional offices, extensive local adviser and personal networks, and university partnerships, providing it with access to high-quality deal flow.

Mercia Asset Management PLC is quoted on AIM with the EPIC "MERC".