Strategic Equity Capital : Introduction Presentation Q3 2021

Strategic Equity Capital plc

(SEC.LN)

An introduction

October 2021

IMPORTANT INFORMATION

• The value of the fund and the income from it is not guaranteed and may fall as well as rise. As your capital is at risk you may get back less than you originally invested
• Past performance is not a reliable indicator of future performance
• Funds investing in smaller companies may carry a higher degree of risk than funds investing in larger companies. The shares of smaller companies may be less liquid than securities in larger companies
• This fund may experience high volatility due to the composition of the portfolio or the portfolio management techniques used

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STRATEGIC EQUITY CAPITAL PLC (SEC)

Application of private equity techniques to small public companies

• Differentiated strategy with highly-concentrated portfolio, deep research focus and engaged approach
• Genuine small cap - a structurally overlooked part of the market
• Long term investment horizon, low portfolio turnover with a quality company focus
• Small-capspecialists with significant public and private equity expertise leveraging Gresham House's broader platform and network
• Recent team changes with objective to drive performance and close discount to NAV leveraging track record of Ken Wotton and the Gresham House equities team

Specialist equity fund targeting absolute returns (15% IRR)1 over the medium term. Low correlation to market and peers.

Defensive characteristics. Tendency to outperform in weaker markets.2

1. Internal target only, not guaranteed
2. Morningstarhttp://performance.morningstar.com/funds/cef/ratings-risk.action?t=SEC®ion=gbr&culture=en-US&ownerCountry=USA

Past performance is not necessarily a guide to future performance. Portfolio investments in smaller companies typically involve a higher degree of risk.

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WELL-INVESTED SPECIALIST

SMALL COMPANY INVESTMENT PLATFORM

Public Equity team

Private Equity team

Ken Wotton	Brendan Gulston	Adam Khanbhai	Laurence Hulse
Managing Director,	Investment Director	Investment Director	Associate Director
Public Equity

Amber Stone-Brown	Cassie Herlihy	Powerful network
Investment Manager	Investment Manager

Investment Committee

Anthony Dalwood

Ken Wotton

Graham Bird

Chairman

Bevan Duncan	Clive Austin	Trevor Hope
Managing Director,	MD - Private	CIO - Private
Strategic Equity	Equity Portfolio	Equity

With the completion of the acquisition Mobeus VCT business we now have a combined team of 12 investment professionals working on new investments and six investment professionals focused on portfolio management.

Operating Partners	Resource platform
		Portfolio	Data
		talent	analytics
		Powerful	Deal
		network	execution
Hazel Cameron	Tamer Ozmen	Operating	Sales and
Head of Portfolio	Technology&	Partners	Marketing
Talent	Investment Partner
		Research/	Finance and
		analysis	Operations

Tom Teichman Bruce Carnegie-Brown

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INTRODUCING STRATEGIC PUBLIC EQUITY

An alternative investment strategy that applies private equity investment processes to public companies

Highly engaged strategy driving strategic, operational or management initiatives

Targeting inefficient areas of public markets

Thorough due diligence to identify value creation catalysts.

Leveraging our network of experts

Influential minority stakes

Focus on intrinsically undervalued, cash generative companies. A "value approach"

Concentrated & flexible mandate: up to 20% can be invested in unquoted

Past performance is not necessarily a guide to future performance. Portfolio investments in smaller and/or unquoted companies typically involve a higher degree of risk.

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