Net Asset Value(s)

Caledonia Investments plc

Unaudited net asset value per share at 31 October 2025

Caledonia Investments plc ("Caledonia") announces that its unaudited diluted net asset value per share ("NAV") as at 31 October 2025, calculated on a cum-income basis, was 570.9p.

Year to date performance highlights:

· NAV total return ("NAVTR") is 5.3% and portfolio return is 5.9% (6.5% excluding foreign exchange movements). Since 1 April, foreign exchange resulted in a decrease in net assets of £16m

· Annualised NAVTR is 9.7% and 12.6% over 10 and five years respectively

· During the month £35m was invested and £53m was realised

· Net cash is £117m

· £20.5m of ordinary shares have been re-purchased for cancellation at a weighted average discount of 33% resulting in 1.9p accretion to NAV per share

Caledonia's factsheet for the month of October 2025, is available here. Our half-year results will be published on 25 November 2025.

Enquiries

6 November 2025

END

The monthly reported NAV per share, together with performance statistics and information on the valuation of principal investments, is available on Caledonia's website at www.caledonia.com.