As at 31 March (Unless otherwise stated)
Past performance is not a guide to future performance and may not be repeated. Performance forecasts are not a reliable indicator of future performance. The value of investments may go down as well as up and you may not get the full amount invested back.
| Tax Year | Net Asset Value at 30 June 2025 | Cumulative Dividends Paid Since Fundraising | Total Return to Date | Offer Price | IRR |
|---|---|---|---|---|---|
| Pence | Pence | Pence | Pence | Percentage | |
| 1996 | 80.05 | 186.15 | 266.20 | 100.0 | 5.2% |
| 1997 | 80.05 | 183.15 | 263.20 | 100.0 | 5.4% |
| 1998 | 80.05 | 179.40 | 259.45 | 105.0 | 5.2% |
| 2005 (C Share) | 90.03 | 170.31 | 260.59 | 100.0 | 7.7% |
| 2006 | 80.05 | 155.75 | 235.80 | 99.5 | 7.8% |
| 2007 | 80.05 | 151.25 | 231.30 | 102.5 | 7.8% |
| 2008 | 80.05 | 146.25 | 226.30 | 106.3 | 7.7% |
| 2010 | 80.05 | 136.25 | 216.30 | 97.3 | 9.7% |
| 2011 | 80.05 | 130.00 | 210.05 | 128.0 | 6.0% |
| 2012 | 80.05 | 106.95 | 187.00 | 99.8 | 7.6% |
| 2013 | 80.05 | 101.95 | 182.00 | 95.8 | 8.6% |
| 2014 | 80.05 | 95.45 | 175.50 | 100.8 | 8.0% |
| 2015 | 80.05 | 87.45 | 167.50 | 99.5 | 8.2% |
| 2016 | 80.05 | 77.45 | 157.50 | 102.3 | 7.1% |
| 2017 | 80.05 | 55.45 | 135.50 | 84.6 | 7.7% |
| 2019 | 80.05 | 38.75 | 118.80 | 76.0 | 8.9% |
| 2021 | 80.05 | 28.75 | 108.80 | 73.6 | 10.8% |
| 2022 | 80.05 | 19.75 | 99.80 | 86.1 | 4.5% |
| 2023 | 80.05 | 11.25 | 91.30 | 85.1 | 3.0% |
Notes (1) Total Return to date is the cumulative dividends paid plus the 30 September 2025 net asset value in pence per ordinary share. (2) The offer price for the relevant year excluding the benefit of income tax relief available to investors at the time of the offer. (3) IRR is the unaudited annual rate of return that equates the offer price at the date of the original investment, with the value of subsequent dividends plus the 30 September 2025 net asset value per ordinary share. This excludes the benefit of any initial tax relief. It is too soon to give meaningful returns for the fundraisings in 2024 and 2025.
Past performance is not a guide to future performance and may not be repeated. Performance forecasts are not a reliable indicator of future performance. The value of investments may go down as well as up and you may not get the full amount invested back.
| Cumulative Dividends Paid to 30 September 2025 | 186.15 pence per share |
| Dividends paid/announced since 30 June 2025 | Pence per share |
|---|---|
| 19 December 2025 | 2.00 |
| Dividends paid to 30 June 2025 | Pence per share |
|---|---|
| 25 July 2025 | 2.00 |
| 27 January 2025 | 1.25 |
| 20 December 2024 | 2.00 |
| 26 July 2024 | 2.00 |
| 8 December 2024 | 2.00 |
| 28 July 2023 | 2.00 |
| 11 January 2023 | 4.50 |
| 3 October 2022 | 2.00 |
| 12 July 2022 | 2.00 |
| 5 January 2022 | 2.00 |
| 16 November 2021 | 5.00 |
| 23 July 2021 | 2.00 |
| 5 October | 2.00 |
| 31 July 2020 | 2.00 |
| 20 March 2020 | 2.00 |
| 12 June 2019 | 4.00 |
| 15 February 2019 | 7.00 |
| 18 May 2018 | 4.00 |
| 26th May 2017 | 5.75 |
Past performance is not a guide to future performance and may not be repeated. Performance forecasts are not a reliable indicator of future performance. The value of investments may go down as well as up and you may not get the full amount invested back.
As at 31 December (Unless otherwise stated)
Past performance is not a guide to future performance and may not be repeated. Performance forecasts are not a reliable indicator of future performance. The value of investments may go down as well as up and you may not get the full amount invested back.
| Tax Year | Net Asset Value at 30 Sept 2025 | Cumulative Dividends Paid Since Fundraising | Total Return to Date | Offer Price | IRR |
|---|---|---|---|---|---|
| Pence | Pence | Pence | Pence | Percentage | |
| 2001 | 55.40 | 91.75 | 147.15 | 100.0 | 2.2% |
| 2002 | 55.40 | 91.75 | 147.15 | 100.0 | 2.4% |
| 2010 | 55.40 | 69.75 | 125.15 | 77.3 | 4.7% |
| 2011 | 55.40 | 65.75 | 121.15 | 70.3 | 5.7% |
| 2012 | 55.40 | 61.75 | 117.15 | 70.5 | 5.6% |
| 2013 | 55.40 | 57.25 | 112.65 | 68.0 | 6.0% |
| 2014 | 55.40 | 52.75 | 108.15 | 68.0 | 5.8% |
| 2015 | 55.40 | 48.25 | 103.65 | 65.0 | 6.3% |
| 2016 | 55.40 | 43.75 | 99.15 | 63.0 | 6.5% |
| 2017 | 55.40 | 39.25 | 94.65 | 62.2 | 6.6% |
| 2018 | 55.40 | 36.25 | 91.65 | 59.4 | 7.8% |
| 2019 | 55.40 | 28.25 | 83.65 | 56.3 | 7.9% |
| 2021 | 55.40 | 20.25 | 75.65 | 53.5 | 9.6% |
| 2022 | 55.40 | 13.75 | 69.15 | 61.7 | 2.0% |
| 2023 | 55.40 | 8.50 | 63.90 | 61.0 | 1.9% |
Notes (1) Total Shareholder Return to date is cumulative dividends paid plus the 30 September 2025 net asset value in pence per ordinary share. (2) The offer price for the relevant year, excluding the benefit of income tax relief available to investors at the time of the offer. (3) IRR is the unaudited annual rate of return that equates the offer price at the date of the original investment, with the value of subsequent dividends plus the 30 September 2025 net asset value per ordinary share. This excludes the benefit of any initial tax relief. It is too soon to give meaningful returns for the fundraisings in 2024 and 2025
Past performance is not a guide to future performance and may not be repeated. Performance forecasts are not a reliable indicator of future performance. The value of investments may go down as well as up and you may not get the full amount invested back.
| Cumulative Dividends Paid to 30 September 2025 | 91.75 pence per share |
| Dividends paid/announced since 30 September 2025 | Pence per share |
|---|---|
| 31 October 2025 | 1.50 |
| Dividends paid to 30 September 2025 | Pence per share |
|---|---|
| 23 June 2025 | 1.50 |
| 27 January 2025 | 1.00 |
| 1 November 2024 | 1.50 |
| 28 June 2024 | 1.50 |
| 3 November 2023 | 1.50 |
| 26 June 2023 | 1.50 |
| 11 January 2023 | 2.25 |
| 3 October 2022 | 1.50 |
| 6 May 2022 | 1.50 |
| 16 November 2021 | 5.00 |
| 25 October 2021 | 1.50 |
| 5 March 2021 | 1.50 |
| 21 September 2020 | 1.50 |
| 12 May 2020 | 2.00 |
| 23 September 2018 | 1.50 |
| 10 May 2019 | 1.50 |
| 15 February 2019 | 5.00 |
| 28 September 2017 | 1.50 |
| 11th May 2017 | 1.50 |
Past performance is not a guide to future performance and may not be repeated. Performance forecasts are not a reliable indicator of future performance. The value of investments may go down as well as up and you may not get the full amount invested back.
