Patria Private Regulatory News (PPET)

Patria Private Equity Trust plc

Legal Entity Identifier (LEI): 2138004MK7VPTZ99EV13

3 March 2026

ESTIMATED NET ASSET VALUE AT 31 JANUARY 2026

Patria Private Equity Trust plc ("PPET" or "the Company") announces its estimated net asset value ("NAV") at 31 January 2026

· Estimated NAV at 31 January 2026 was 829.2 pence per share (estimated NAV at 31 December 2025 was 840.2 pence per share)

· Excluding new investments, 96.3% by value of portfolio dated 30 September 2025 (estimated NAV at 31 December 2025 was 96.3% dated 30 September 2025)

· Third interim dividend of 4.4 pence per share paid on 23 January 2026

· PPET paid £10.4 million of drawdowns and received £3.5 million of distributions during the month of January

· PPET made no new investments in January 2026

· Outstanding commitments of £728.8 million at 31 January 2026

· Short term resources (cash balances and undrawn credit facilities) were £259.4 million as at 31 January 2026

Estimated NAV

At 31 January 2026, PPET's estimated NAV was 829.2 pence per share (estimated net assets £1,228.5 million)[1], representing a 1.3% per share decrease from the estimated NAV at 31 December 2025 of 840.2 pence per share (estimated net assets £1,248.5 million). The 11.0 pence decrease in NAV per share reflected losses arising primarily from a 0.5% depreciation in the euro versus sterling and a 2.2% depreciation in the US dollar versus sterling during January, in addition to the third interim dividend payment of 4.4 pence per share on 23 January 2026. The total payment made for the third interim dividend was £6.5 million.

Performance

PPET's total return and comparator reference performance as at 31 January 2026 was as follows:

Investment activity

As advised in the December 2025 NAV annoucement, PPET made a final payment of £1.7 million to the seller for the remainder of the interests relating to Project Captain. 

Portfolio cashflows

PPET paid £10.4 million of drawdowns during the month of January, of which £10.2 million related to primary investments, £0.1 million related to secondary investments and £0.2 million related to direct investments.

Notable drawdowns in the primary fund portfolio during the month include:

· Investindustrial VIII SCSp: to fund investment into Piovan, a global leader in the design, manufacture and installation of systems that automate the storage, transport and processing of polymers, plastic powders, and food ingredients; and

· Investindustrial Growth III: to fund a follow-on investment into Virospack, a leading manufacturer based in Barcelona specialising in cosmetic packaging solutions.

PPET received £3.5 million of distributions during the month of January, of which £2.3 million related to primary funds and £1.2 million related to secondary investments.

Notable realisations the month included:

· PAI Strategic Partnerships SCSp: proceeds from the exit of Marcolin, an Italian eyewear manufacturer; and

· ArchiMed - Med Platform 2: proceeds from a refinancing of Jeisys Medical, a company which specialises in non-invasive aesthetic medicine devices.

Commitments

The Company had £728.8 million of outstanding commitments at 31 January 2026. The Manager believes that around £94.0 million of the Company's existing outstanding commitments are unlikely to be drawn.

Credit facility and cash balances

The Company has a £400.0 million syndicated revolving credit facility. The facility is provided by The Royal Bank of Scotland International Limited, Societe Generale, State Street Bank International GmbH, State Street Bank & Trust Company and Banco Santander, S.A. On 29 January 2026, Banco Santander, S.A. transferred part of their commitment to State Street Bank & Trust Company, who have increased their commitment. The facility is due to expire in February 2028. 

The Company made no repayments to or drawdowns from the facility during the month of January, with a total of £162.4 million drawn at 31 January 2026. The remaining undrawn balance of the facility at 31 January 2026 was therefore £237.6 million.

In addition, the Company had cash balances of £21.8 million at 31 January 2026. Accordingly, short term resources, calculated as the total of cash balances and the undrawn balance of the credit facility, were £259.4 million as at 31 January 2026.

Share Buybacks

Pursuant to the Company's share buyback programme, the Company bought back 445,000 ordinary shares into treasury during January. The positive effect of the buyback programme is reflected within the movement in NAV.

For further information please contact:

Notes:-

Patria Private Equity Trust plc is an investment company managed by Patria Capital Partners LLP, the ordinary shares of which are admitted to listing by the UK Listing Authority and to trading on the Stock Exchange and which seeks to conduct its affairs so as to qualify as an investment trust under sections 1158-1165 of the Corporation Tax Act 2010.

Additional detail about PPET's NAV and investment diversification can be found on PPET's website (www.patriaprivateequitytrust.com). Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website is incorporated into, or forms part of, this announcement.