Fair Oaks Inc R Regulatory News (FA17)

FAIR OAKS INCOME LIMITED (the "Company")

(Incorporated in Guernsey under The Companies (Guernsey) Law, 2008, as amended, with registered number 58123 and registered as a Registered Closed-ended Collective Investment Scheme with the Guernsey Financial Services Commission)

Monthly Announcement of Unaudited Net Asset Value

As at the close of business on 31 December 2025 the estimated unaudited Net Asset Value of the Company's Shares as follows:

Ordinary Share ISIN: GG00BNNLWT35

Ordinary Share SEDOL: BNNLWT3

Ordinary TIDM: FAIR

Realisation Share ISIN: GG00BSWVSD56

Realisation Share SEDOL: BSWVSD5

Realisation Share TIDM: FA17

The monthly performance update can be found at the following link:

http://www.fairoaksincome.com/

LEI: 2138008KETEC1WM5YP90

Enquiries:

Fair Oaks Income Limited

Email: contact@fairoaksincome.com

Web: www.fairoaksincome.com

Fair Oaks Capital Limited

Investor Relations

DDI: +44 (0) 20 3034 0400

Email: ir@fairoakscap.com

Apex Fund and Corporate Services (Guernsey) Limited

Email: fairoaksgrp@apexgroup.com

Deutsche Numis | Deutsche Bank AG

Nathan Brown / Matt Goss, Investment Banking

DDI: +44 (0) 20 7547 0569

Email: n.brown@dbnumis.com / matt.goss@dbnumis.com

Panmure Liberum Limited

Chris Clarke, Investment Banking

DDI: +44 (0) 20 3100 2190

Email: chris.clarke@panmureliberum.com

Notes:

The Net Asset Value in this announcement is an estimate and is based on unaudited estimated valuations. The final Net Asset Value of the Company may be materially different from the estimated value, which should only be taken as an indicative value which has been provided for information only and upon which no reliance should be placed. Actual results, performance or achievements may differ materially from estimated results, performance, or achievements. Except as required by applicable law, the Company expressly disclaims any obligation to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.

 This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.