Patria Private Equity Trust plc

Legal Entity Identifier (LEI): 2138004MK7VPTZ99EV13

29 August 2025

ESTIMATED NET ASSET VALUE AT 31 JULY 2025

Patria Private Equity Trust plc ("PPET" or "the Company") announces its estimated net asset value ("NAV") at 31 July 2025

·      Estimated NAV at 31 July 2025 was 795.4 pence per share (estimated NAV at 30 June 2025 was 790.3 pence per share)

·      Excluding new investments, 95.1% by value of portfolio dated 31 March 2025 (estimated NAV at 30 June 2025 was 95.1% dated 31 March 2025)

·      Second interim dividend of 4.4 pence per share paid on 25 July 2025

·      PPET paid £21.0 million of drawdowns and received £11.1 million of distributions during the month of July

·      PPET made one primary fund commitment and one secondary investment in the month of July

·      Outstanding commitments of £770.6 million at 31 July 2025

·      Short term resources (cash balances, deferred consideration and undrawn credit facilities) were £323.4 million as at 31 July 2025

Estimated NAV

At 31 July 2025, PPET's estimated NAV was 795.4 pence per share (estimated net assets £1,186.2 million)[1], representing a 0.6% per share increase from the estimated NAV at 30 June 2025 of 790.3 pence per share (estimated net assets £1,180.6 million). The 5.1 pence increase in NAV per share reflected gains arising primarily from a 1.0% appreciation in the euro versus sterling and a 3.4% appreciation in the US dollar versus sterling during July, partially offset by the second interim dividend payment of 4.4 pence per share on 25 July 2025. The total payment made for the second interim dividend was £6.6 million.

Performance

PPET's total return and comparator reference performance as at 31 July 2025 was as follows:

Portfolio cashflows

PPET paid £21.0 million of drawdowns and received £11.1 million of distributions during the month of July.

Drawdowns were made across several of PPET's fund investments, primarily to fund new underlying portfolio company investments and management fees. Notable drawdowns in the portfolio during the month included:

·    FPCI Iron Institutionals AgilaCapital: to fund a new investment in an undisclosed e-procurement software business;

·    GEM Benelux VI: to fund a new investment into Merba (European market leader in private label chocolate chip cookies); and

·    Hg Mercury 4: to fund a new investment into Ctaima (a provider of software and specialised services for contractor management, health & safety, ESG and compliance).

Of the total £11.1 million distributions received, realised gains and income amounted to £5.3 million. Notable realisations in the portfolio during the month included:

·    Partial realisation of PPET's direct investment in CFC (technology-led insurance platform which is a global leader and category innovator in high growth and attractive emerging risks), as well as the position held through Vitruvian IV; and

·    Full realisation of KM Packaging (global operating manufacturer of caps and closure solutions) from capiton VI.

Investment activity

In the month of July, a €10.0 million commitment was made to Iron Institutionals AgilaCapital, a continuation fund investing in an undisclosed e-procurement software business, alongside AgilaCapital.

A €30.0 million primary commitment was made to PAI Mid-Market II, a buyout fund with a focus on lower mid-market companies across Europe in the food and consumer, healthcare, and business services sectors.

Commitments

The Company had £770.6 million of outstanding commitments at 31 July 2025. The Manager believes that around £91.9 million of the Company's existing outstanding commitments are unlikely to be drawn.

Credit facility and cash balances

The Company has a £400.0 million syndicated revolving credit facility provided by The Royal Bank of Scotland International Limited, Societe Generale, State Street Bank International GmbH, State Street Bank & Trust Company and Banco Santander, S.A. The facility is due to expire in February 2028. The Company drew a total of £18.2 million from the facility during the month of July, increasing the total drawn balance to £193.6 million at 31 July 2025. The remaining undrawn balance of the facility at 31 July 2025 was therefore £206.4 million.

In addition, the Company had cash balances of £19.7 million at 31 July 2025. Furthermore, PPET is also due £97.3 million of deferred consideration in September 2025 from its secondary sale of a non-core portfolio of investments. Therefore, short term resources, calculated as the total of cash balances, deferred consideration and the undrawn balance of the credit facility, were £323.4 million as at 31 July 2025.

Share Buybacks

Pursuant to the Company's share buyback programme, the Company bought back 255,000 ordinary shares into treasury during July. The positive effect of the buyback programme is reflected within the movement in NAV.

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Notes:-

Patria Private Equity Trust plc is an investment company managed by Patria Capital Partners LLP, the ordinary shares of which are admitted to listing by the UK Listing Authority and to trading on the Stock Exchange and which seeks to conduct its affairs so as to qualify as an investment trust under sections 1158-1165 of the Corporation Tax Act 2010.

Additional detail about PPET's NAV and investment diversification can be found on PPET's website (www.patriaprivateequitytrust.com). Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website is incorporated into, or forms part of, this announcement.