Nippon Active Value Regulatory News (NAVF)

LEI: 213800JOFEGZJYS21P75

5 September 2025

Nippon Active Value Fund plc

Block Listing Application

Nippon Active Value Fund plc (the "Company") announces that an application has been made to the Financial Conduct Authority for a block listing of 15,000,000 ordinary shares of 1p each to be admitted to the Official List and to the London Stock Exchange for the shares to be admitted to trading on its main market. The shares will, when issued, rank pari passu with the existing ordinary shares of the Company.

The shares may be issued under the block listing from time to time to satisfy investor demand provided that such issues are made at prices above the prevailing net asset value per share. The block listing is expected to become effective on or around 10 September 2025.

At the time of this announcement, the Company has 190,654,986 ordinary shares in issue. No ordinary shares are held in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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