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ICG ENTERPRISE TRUST Preliminary Results For the year ended 31 J anuary 2021 Embargoed until 7:00 am on 28 April 2021 Excellent performance demonstrating strength of strategy and Portfolio Highlights NAV per Share of 1,384p , NAV per Share Total Return of 22.5 % ¹ during the year and 11.8 % during the quarter Excellent Portfolio performance , 12th consecutive year of double - digit Portfolio Return on a Local Currency Basis Portfolio Return on a Local Currency Basis of 24.9 % ¹ High Conviction Investments ( 51 % of the Portfolio ) experienced local currency returns of + 48.0 % Ongoing Third Party Funds generated a local currency return of + 22.4 % ( + 9.0 % including Fund Disposals that were undertaken to redeploy capital into more attractive opportunities ) ■ Top 30 companies driving performance Top 30 companies represent 52 % of Portfolio value ( 31 January 2020 : 46 % ) Reported aggregated LTM revenue growth of 15 % , demonstrating the strength of our focus on companies with defensive growth characteristics Realisations at significant Uplifts to Carrying Value Total Proceeds during the year of £ 209m Realisation Proceeds of £ 137m , of which £ 86m was generated from 32 Full Exits that were executed at an average of 31 % ¹ Uplift to Carrying Value and a 2.4x¹ Multiple to Cost Fund Disposals generated £ 72m proceeds and released £ 42m of Undrawn Commitments Maintained investment activity throughout the year £ 139m of Total New Investment made ; 36 % into High Conviction Investments £ 95m committed to 13 Third Party Funds , including three new relationships Robust balance sheet £ 201m available liquidity ( £ 45m of cash and £ 156m undrawn revolving credit facility at 31 January 2021 ) Annual dividend of 24p Final dividend of 9p , bringing total dividends for the year to 24p ( an increase of 4.3 % compared to FY20 ) Momentum continues , outlook remains positive In early February we fully realised our holding in Telos , which at 31 January 2021 was our second largest holding . The investment was realised at a circa 33x Multiple to Cost in line with the carrying value at 31 January 2021 Effective from 26 February 2021 , we agreed a new four - year € 200m revolving credit facility , replacing our £ 156m facility Strong pipeline in both High Conviction Investments and Third Party Funds 1 Alternative Performance Measure