ROCKWOOD STRATEGIC PLC

M&A Activity • Dec 12, 2022

National Storage Mechanism | Additional information

RNS Number : 2751J

Rockwood Strategic PLC

12 December 2022

REACH

Rockwood Strategic plc

("RKW" or the "Company")

Comment re Crestchic Statement

Rockwood Strategic Plc (LSE: RKW) is delighted that our largest investment has been subject to a takeover offer, which the Manager supports. The strategic engagement which the Investment Team have had with Crestchic plc, formerly Northbridge Industrial Services, over the last three years exemplifies the differentiated and value-added strategy we pursue. Should shareholders vote to approve the recommended cash offer for the Crestchic business, the IRR to RKW shareholders would be approximately 31.5% and the money multiple 6.4x. We see a structural opportunity for our investment approach to continue to deliver excellent returns for shareholders which is enhanced further, in the Manager's view, by the current market environment.

Noel Lamb, Chairman of RKW said: "This is yet another terrific demonstration of how Rockwood Strategic delivers for our shareholders and the benefits of a differentiated, concentrated, engaged investment approach. The performance of the fund is second to none amongst its peers"

"It's hands on. We've rolled up our sleeves. We've engaged with the company to catalyse change and support value creation. Crestchic's team have since transformed the business through their hard work and focus on shareholder value. This is a great result for all stakeholders. We look forward to reinvesting the significant proceeds from this offer in a cash and capital hungry environment, seeding our future returns. Our exciting investment pipeline continues to grow, whilst the portfolio continues to deliver." Richard Staveley

"The experienced Rockwood team have been a dynamic and constructively engaged shareholder, who have helped us realise, unlock and create shareholder value for all". Peter Harris, Chairman Crestchic Plc

For further information, please contact:

Rockwood Strategic plc Chairman	Noel Lamb	020 7264 4444
Harwood Capital LLP Investment Manager	Christopher Hart	020 7640 3200
Singer Capital Markets Advisory LLP	James Maxwell Alex Bond James Fischer	020 7496 3000

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