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Net Asset Value(s)

RNS Number : 0208N

Scottish Mortgage Inv Tst PLC

29 December 2025

Scottish Mortgage Investment Trust PLC (SMT)	25 December 2025
Legal Entity Identifier : 213800G37DCS3Q9IJM38
Cum Par NAV	1278.28p

Cum Fair NAV	1309.30p

Ex Par NAV	1277.64p

Ex Fair NAV	1308.66p


The fair value of long term borrowings is calculated weekly, using methodologies consistent with the International Private Equity and Venture Capital Valuation (IPEV) Guidelines.

Short-term borrowings are valued at par.

Net Asset Values are unaudited, and calculated in accordance with published accounting policies and AIC guidelines.

Cum Par NAV: Net asset value per share in pence, including income, with debt at par value.
Cum Fair NAV: Net asset value per share in pence, including income, with debt at fair value.
Ex Par NAV: Net asset value per share in pence, excluding income, with debt at par value.
Ex Fair NAV: Net asset value per share in pence, excluding income, with debt at fair value.

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Net Asset Value(s) - Scottish Mortgage Investment Trust PLC | RNS | Ticker