ICG ENTERPRISE TRUST PLC

TRANSACTION IN OWN SHARES

21 August 2019           

ICG Enterprise Trust plc (the “Company”) announces that on 21 August 2019 it bought back 25,000 of its own shares, to be held in treasury, at an average price of 870.0p. Further details are set out below:

Number of shares held in treasury following this purchase: 3,935,945

Total shares in issue excluding treasury shares following this purchase: 68,977,055

For further information, please contact Owen Jones on 0203 201 7700.

Notes

The Company has bought back these shares under the authority granted by shareholders at its Annual General Meeting in June 2019, which permits the Company to repurchase a maximum of 14.99% of its ordinary shares. The actual number of shares repurchased by the Company will depend on market conditions. This authority lasts until the next shareholder authority granted (expected to be at the Annual General Meeting in 2020), or until expressly revoked by shareholders.

No maximum consideration payable has been determined by the Company, but the Company is unable to pay a price for any shares pursuant to the buyback which would equate to a premium to the net asset value. It is the Company’s current intention to hold any shares bought back in treasury.

The Company has instructed Numis Securities Limited as its broker in respect of its buyback transactions. This arrangement is in accordance with Chapter 12 of the UKLA Listing Rules and the Company’s general authority to repurchase shares.