SUPP.L Regulatory News (SUPP)

Schroder UK Public Private Trust plc (the "Company")

Oxford Nanopore Completes IPO

The Company (LSE: SUPP) is pleased to announce that its portfolio company Oxford Nanopore Technologies Limited ("Oxford Nanopore") has announced the successful pricing its initial public offering ("IPO") at a price of 425p per share.

As part of the IPO, existing shareholders were offered the possibility to sell up to 10% of their shareholding in Oxford Nanopore at the IPO price. The Company has opted for the divestiture of 10% of its current shareholding. While the Company remains highly confident of Oxford Nanopore's prospects to generate continuous shareholder value, given the large position of Oxford Nanopore in the Company's portfolio of 24.6% of its Net Asset Value as at 30 June 2021, the Company decided to diversify its portfolio through the partial realisation. Net proceeds to the Company from the secondary share sale amount to c. £11.0 million. The Company's remaining stake in Oxford Nanopore based on the IPO price amounts to c. £99.2m, which combined with the proceeds of the share sale amount to a 21.4% uplift to the last disclosed fair value of the holding as at 30 June 2021.

The Company's remaining shares in Oxford Nanopore are restricted from resale for a period of 180 days under market standoff and lock-up agreements. It is anticipated that the Company's AIFM will revalue the holding based on the trading price of Oxford Nanopore's shares. This will be reflected in the NAV as at 30 September 2021, which is expected to be announced in November 2021.

Tim Creed and Roger Doig, Portfolio Managers of the Company, commented: "We are proud to have supported Oxford Nanopore and its management team in its exciting development. Schroder UK Public Private Trust has been a supporter of Oxford Nanopore and this highly successful IPO underpins the quality of Oxford Nanopore's technology and the commercial progress achieved over the last years. We remain highly confident in Oxford Nanopore's ability to generate significant further shareholder value for the Company in the mid- and long-term. We are also pleased that the listing will continue the further re-balancing of the Company's portfolio."

Enquiries:

Schroder Investment Management Limited