Seraphim Space Regulatory News (SSIT)

SERAPHIM SPACE INVESTMENT TRUST PLC

("SSIT", the "Trust" or "the Company")

Q1 Results

Seraphim Space Investment Trust plc (LSE: SSIT), the world's first listed SpaceTech fund, announces its first quarter results for the three-month period ending 30 September 2021.

The full Q1 report can be found at https://investors.seraphim.vc/wp-content/uploads/2021/11/SSIT-30th-Sept-21-Quarterly-Report-v.-FINAL1.pdf, summary below: 

Q1 Financial Highlights as at 30 September 2021

· Net assets increased 26% to £221 million

· Net asset value (NAV) per share increased 6% to £1.04

· Portfolio value of £99m

· Liquid resources available of £124 million (56% of NAV)

Q1 Investment Highlights

· £34 million in new equity raised via completion of acquisition of two assets agreed pre-IPO ("Retained Assets")

· £22 million in follow-on investments completed

Transactions Completed During the Quarter

*Numbers do not cast owing to rounding of £0.1m

Post Period Investment Highlights

· One follow-on and one new investment completed, deploying cash of £22.6 million

Transactions Post Q1

Will Whitehorn, Chair of Seraphim Space Investment Trust plc, commented: "In the few short months since SSIT's IPO, barely a day has passed without the Space sector being front page news. The dawn of the era of Space tourism has been ushered in by two of the world's most recognisable entrepreneurs - Sir Richard Branson and Jeff Bezos - competing for the accolade of being first to reach orbit. A slew of public market listings and M&A has followed, with SpaceTech investment levels setting new records.

Perhaps most importantly, COP26 has shown both the urgency with which the world must act to combat climate change and the unique role SpaceTech can play in achieving this. Having hit the ground running with five transactions completed during the period, we fully expect SSIT's portfolio companies to be central protagonists in the Space sector's quest to help solve some of our world's most pressing challenges."

Mark Boggett, Chief Executive Officer, Seraphim Space (Manager) LLP, said: "We are encouraged by the performance of the portfolio in the short period since the Company's IPO. The SpaceTech investment market remains buoyant, with record levels of private investment. The investment community and wider world is now increasingly recognising both the attraction of SpaceTech's long term growth potential and the unique role it can play in helping to address some of our most pressing challenges. As the world's first listed SpaceTech focused fund, the Company is well positioned to capitalise on these trends and further expand its portfolio of fast-growing businesses with transformative potential."

Analyst and Investor Presentations

There will be a webinar for equity analysts at 09:30am (UK time) today hosted by Chair Will Whitehorn and Trust Manager CEO Mark Boggett and CIO James Bruegger. To register for the event, please contact SEC Newgate by email at seraphim@secnewgate.co.uk.

Chair Will Whitehorn and Trust Manager CEO Mark Boggett and CIO James Bruegger will also provide a live presentation for investors via the Investor Meet Company platform at 11:00am today. Investors can sign up to Investor Meet Company for free and add to meet Seraphim Investment Trust plc via: https://www.investormeetcompany.com/seraphim-space-investment-trust-plc/register-investor 

- Ends -

Media Enquiries

Seraphim Space (Manager) LLP (via SEC Newgate)Mark Boggett, CEO / James Bruegger, CIO / Rob Desborough

SEC Newgate (Communications advisers) seraphim@secnewgate.co.uk Emma Kane / Clotilde Gros / Tom Carnegie +44 (0) 3757 6767 

Deutsche Bank Mark Hankinson / Neil Collingridge / Neil Coleman +44 (0) 20 754 58000 

J.P. Morgan CazenoveWilliam Simmonds / Jérémie Birnbaum / Rupert Budge +44 (0) 20 7742 4000 

Ocorian Administration (UK) Limited seraphimteam@ocorian.com 

Eimear Coleman / Peter Davidson +44 28 9078 5880

Notes to Editors:

About Seraphim Space Investment Trust

Seraphim Space Investment Trust is the world's first listed fund focused on SpaceTech. The Company seeks exposure predominantly to early and growth stage private financed SpaceTech businesses that have the potential to dominate globally and that are sector leaders with first mover advantages in areas such as climate, communications, mobility and cyber security.

The Company listed on the Premium Segment of the London Stock Exchange on 14 July 2021, following an oversubscribed IPO raising £178.4 million. It currently has exposure to 17 SpaceTech companies and has agreed to acquire investments in a further two companies by 31 December 2021.

Seraphim Space Investment Trust is managed by Seraphim Space (Manager) LLP.

Further information is available at: www.seraphim.vc