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Dividend policy

The expectation is that Investcorp Capital will pay a targeted annual cash dividend equivalent to 8% of net asset exposure (in equal instalments), subject to availability of distributable reserves, earnings and other relevant factors as determined by the Board. Dividends will be paid semi-annually, with the first payment expected in February 2024 and the second in October 2024, for the financial year ending 30 June 2024. For the financial years ending 30 June 2025 and 2026, Investcorp Capital intends to pay semi-annual cash dividends of at least 8 per cent (in equal instalments) based on the total net asset exposure as at 30 June, 2024 and 30 June, 2025 respectively.

If dividends in any period are less than the intended targeted amount, Investcorp Group will forgo its right to receive dividend payments to pay a pro rata amount to other shareholders, with the right to catch up in subsequent financial years. This right will lapse at the end of the financial year ending 30 June 2026.

Last entitlement date (last date to participate) 19 Feb 2024
Ex-dividend date 20 Feb 2024
Registry closing date 21 Feb 2024
Payment date 11 Mar 2024