Mercia Asset Management PLC

Good afternoon and welcome to the Mercia Asset Management PLC investor presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged and can be submitted at any time via the Q&A tab situated on the right-hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Mark Payton, CEO. Good afternoon, sir.

Good afternoon and welcome everybody to Mercia's preliminary report results for the 31st of March, 2026. And for those of you that have not met Martin and I, we'll just quickly introduce ourselves. Mercia was originally established as a sort of scalable platform to deliver on a profitable basis, place-based gap finance. I think these results show that that model is scaling and working. Now that model was set up some time ago and we worked together an individual high net worth within the Midlands to both build out the fund management operation and then to selectively bring businesses from those funds onto what became latterly the direct investments that was done in a private context and we took it to the public markets in 2014 and ahead of that that individual his own money was the scale-up capital then when we took it to the public markets the money we raised was how we created those direct investments and this presentation will talk to now the simplification of the business as we look now to focus continually on the asset management piece martin thank you mark yes good afternoon everyone i joined mercia almost 12 years ago to float the business with mark

when there was just seven of us and 23 million of funds under management. And Mercia is my fourth quoted company as a CFO.