RIT Capital Partners PLC

Net Asset Value • Feb 4, 2021

National Storage Mechanism | Additional information

RNS Number : 9306N

RIT Capital Partners PLC

04 February 2021

RIT CAPITAL PARTNERS PLC (LEI: P31Q1NLTW35JJGHA4667)

4 February 2021

The preliminary, unaudited, diluted net asset value of RIT Capital Partners plc (the Company) as at 31 December 2020 (with debt at fair value) was 2,292p per £1 ordinary share (30 November 2020: 2,159p).

This represents an unaudited NAV per share total return (including dividends) of 16.4% for the year.  The 2020 NAV performance exceeded both of the Company's investment KPIs: RPI+3.0% of 4.2% and the MSCI All Countries World Index (50% Sterling) of 12.7%.

Notwithstanding a particularly volatile year for markets, this healthy outperformance reflects a broad spread of strong results across the portfolio, with contributions from our core asset categories and themes.  In particular:

·    strong performance from our quoted equities exposed to long-term structural themes (such as China and healthcare);

·    private investments were well-positioned to benefit from technology trends in the US and Asia, within both our direct and fund portfolios; and

·    helpful contributions from our non-equity 'diversifiers' including absolute return and credit, as well as real assets.

As normal, the preliminary NAV is subject to audit, and the 2020 Annual Report & Accounts is expected to be published in early March.

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