UIL Ltd.

Net Asset Value • Mar 1, 2021

National Storage Mechanism | Additional information

RNS Number : 5932Q

UIL Limited

01 March 2021

1 March 2021

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

Daily NAV Announcements

The Board of UIL Limited (the "Company") announces that, with effect from 1 March 2021, the Company will move to announcing its net asset value ("NAV") per ordinary share from a weekly to a daily basis.

In its half yearly report, announced on 19 February 2021, the Company reported an impressive set of results for the six months to 31 December 2020 with NAV total return of 22% for the period and the strong performance has continued in the first two months of 2021.  The half yearly report also noted that volatility is expected to remain high as differentiated recoveries become clearer.  Consequently, the Board believes that it is now an appropriate time to move to a daily basis of NAV reporting.

Name of contact and telephone number for enquiries:

Charles Jillings, Alastair Moreton

ICM Investment Management Limited

Telephone: 01372 271486

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