A petition having been presented to the Court of Session on 26 February 2024 at the instance of Personal Assets Trust PLC (the “Company”), a public limited company incorporated under the Companies Acts with registered number SC074582 and having its registered office at 28 Walker Street, Edinburgh EH3 7HR for confirmation of the reduction of the Company’s share capital, the Court pronounced the following interlocutor on 6 March 2024:

“6 March 2024

Lord Braid

The Lord Ordinary, having heard counsel for the petitioner on the petitioner's motion:

1. appoints intimation of the petition by Personal Assets Trust plc (the “Company") for confirmation of the reduction of the share premium account of the Company, which was resolved upon by special resolution of the Company passed on 8 January 2024, to be made on the Walls in common form and to be advertised once in each of the Edinburgh Gazette and The Financial Times (UK edition);

2. appoints all parties claiming an interest to lodge answers to the petition, if so advised, within 21 days of intimation and advertisement;

3. appoints Mr Adrian Bell, solicitor, Morton Fraser MacRoberts, Quartermile Two, 2 Lister Square, Edinburgh as Reporter for the process; and remits the process to the Reporter to report on the facts and circumstances set out in the petition and on the regularity of the proceedings; and

4. in hoc statu, directs in terms of section 645(3) of the Companies Act 2006 that section 646 of that Act shall not apply to any class or classes of the creditors of the Company.”

Such intimation is hereby given. Any person seeking to lodge answers to the petition should do so at the Office of Court, Court of Session, Parliament House, Parliament Square, Edinburgh EH1 1RQ, within 21 days after the date of publication of the last of the relevant adverts.

Gilson Gray LLP.

29 Rutland Square, Edinburgh EH2 4DF

Agent on behalf of the Petitioners