ROCKWOOD STRATEGIC PLC

Net Asset Value • Feb 28, 2022

National Storage Mechanism | Additional information

RNS Number : 0762D

Rockwood Realisation PLC

28 February 2022

Rockwood Realisation Plc

28 February 2022

Net Asset Value Update

Rockwood Realisation Plc (the "Company"), announces that as at 25 February 2022 the unaudited post tax net asset value (NAV) per ordinary share was 1,553.0 pence.

The above NAV calculation is based on 2,541,046 ordinary shares in issue with a nominal value of 50 pence each (the "Ordinary Shares"), being the number of Ordinary Shares in issue after the Tender.

The above NAV is therefore calculated after both the Tender Offer and the B Share Scheme Return of Capital.

The Company's NAV is calculated using portfolio companies' bid prices.  The Company is now in extended run off and seeking to realise its portfolio by, effectively, the end of 2023. Such a valuation basis may therefore not represent a value that the Company could realise, particularly as the end of 2023 gets closer. As was stated in the Company's circular to shareholders dated 29th November 2021, 'it is possible that disposal of shareholdings in some portfolio companies may not be realised at their carrying value'. The Board and Investment Manager do not intend to change the valuation basis at this time but will keep the matter under review.

For further information, please contact:

Rockwood Realisation Plc Chairman	Noel Lamb	020 7264 4444
Harwood Capital LLP Investment Manager	Christopher Hart	020 7640 3200
finnCap (Nominated Adviser and Broker)	Carl Holmes William Marle Mark Whitfeld	020 7220 0500

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