Jade Road Inv Regulatory News (JADE)

13 December 2023

JADE ROAD INVESTMENTS LIMITED

("Jade Road Investments", "JADE" or the "Company")

Operational Update

Jade Road Investments Limited (AIM: JADE), the London quoted company focused on seeking the best risk-adjusted returns globally is pleased to provide the Market with the following update regarding its current operations.

As part of its ongoing transition and pivot away from Asia including its continuing efforts to dispose of its non-core assets, the Company is considering strategic alternatives in relation to its whole legacy portfolio. These alternatives include the transfer of the legacy assets into a special purpose vehicle, which would be owned by all Shareholders of the Company in addition to their existing quoted shares in the Company.

Concurrently, the Company is in discussions with the holders of its Bond, which matures on 31 December 2023 regarding the potential restructuring of its terms, including an extension of its maturity.

In the meantime, significant progress has been made with the proposed sale of Future Metal Holdings, and the Company expects to announce details of this in due course.

The Company has sold 50% of its investment in the Heirloom Investment Fund SPC - Heirloom Fixed Return Fund SP (the "Fund"), announced on 5 April 2023, for US$ 235,000 in order to manage its short-term working capital requirements, pending cash generation from its asset disposals.

John Croft, Executive Chairman commented: "We continue to deliver on our strategy of providing investors exposure to the alternative assets sector whilst disposing of our non-core legacy Asian assets which would allow more cash to be invested into our new strategy."

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