ICG : Q1 FY27 trading update for the three months ended 30 June 2026

About this update from Icg Plc

AUM of $126bn, Fee-earning AUM of $88bn, fundraising of $4.1bn, dry powder of $36bn Announcement PDF AUM and fee-earning AUM AUM of $126bn Fee-earning AUM of $88bn, up 3% in the quarter and up 10% year-on-year 1 $2.4bn net additions 2 to fee-earning AUM Gross additions of $4.4bn ($2.1bn from funds raised that charge fees on committed capital, $2.3bn from deployment), gross realisations of $2.0bn Dry powder of $36bn, of which $18bn is not yet earning fees Fundraising Strong traction from clients, with total fundraising of $4.1bn in the quarter Structured Capital & Secondaries $2.2bn raised, largely from Europe IX that raised $2.1bn (€1.8bn) Europe IX stood at €11bn at 30 June 2026 and is on track to close at a total fund size of €12bn in Q2 FY27, significantly in excess of its €10bn target and 50% larger than the prior vintage. It is materially oversubscribed, reflecting the highly differentiated nature of the strategy and its strong track record Europe IX is ICG's largest-ever co-mingled fund and at €12bn will be the largest co-mingled structured capital fund ever raised globally 3 Real Assets SRE III (European Real Estate equity) has launched, first close expected before end of FY27 4 . SRE II total fund size was €0.7bn Debt SDP VI has launched, first close expected before end of FY273 Transaction activity ICG's funds deployed $3bn of capital during the quarter (LTM: $14.3bn) 5 , broadly balanced across all asset classes Corporate Final dividend for FY26 of 59.3p to be paid on 31 July 2026 Bank of America Securities appointed as joint corporate broker alongside Deutsche Numis Fitch Ratings affirmed ICG's rating at BBB+ (stable) 5 1 On a constant currency basis; 2 Pre step-downs, ICG commitment and FX & other movements; 3 Preqin, as of June 2026; 4 The timings of launches and closes depend on a number of factors, including the prevailing market conditions; 5 Direct investment funds; 6 Rating reaffirmed on 10 July 2026 Company Timetable 31 July 2026 Payment of ordinary dividend 11 November 2026 Half year results announcement Enquiries Shareholders and debtholders / analysts: Chris Hunt, Head of Corporate Development and Shareholder Relations, ICG Media: Fiona Laffan, Global Head of Corporate Affairs, ICG About ICG ICG (LSE: ICG) is a global alternative asset manager with $126bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients' capital across Structured Capital and Secondaries (Structured Capital and Private Equity Secondaries); Debt (Private Debt and Credit); and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn . *As at 30 June 2026. Performance overview Fee-earning AUM $m Structured Capital and Secondaries Real Assets Debt Total At 1 April 2026 43,134 9,793 33,589 86,516 Funds raised: fees on committed capital 2,073 - - 2,073 Deployment of funds: fees on invested capital 76 310 1,891 2,277 Total additions 2,149 310 1,891 4,350 Realisations (140) (278) (1,562) (1,980) Net additions / (realisations) 2,009 32 329 2,370 Stepdowns - - - - FX and other (511) (124) (69) (704) At 30 June 2026 44,632 9,701 33,842 88,175 Q-o-Q change 1,498 (92) 252 1,659 Q-o-Q change 3% (1%) 1% 2% Constant currency: Q-o-Q change 4% - 1% 3% Y-o-Y change 16% 7% 3% 10% Last five years CAGR 21% 12% 5% 12% Business activity Fundraising Deployment 1 Realisations 1,2 $bn Q1 FY27 LTM Q1 FY27 LTM Q1 FY27 LTM Structured Capital and Secondaries 2.2 7.2 1.0 6.2 0.1 0.9 Real Assets 1.3 5.5 0.7 2.7 0.3 1.6 Debt 3 0.6 4.6 1.3 5.4 0.7 4.2 Total 4.1 17.3 3.0 14.3 1.1 6.7 1 Direct investment funds; 2 Realisations of fee-earning AUM; 3 Includes Deployment and Realisations for Private Debt only Foreign exchange rates Average rate Period end Q4 FY26 Q1 FY27 31 March 2026 30 June 2026 GBP:EUR 1.1470 1.1582 1.1449 1.1611 GBP:USD 1.3465 1.3441 1.3228 1.3262 EUR:USD 1.1739 1.1605 1.1553 1.1422 This results statement may contain forward looking statements. These statements have been made by the Directors in good faith based on the information available to them up to the time of their approval of this report and should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying such forward looking information. References to investment strategies, fundraising activities or products are provided for information purposes only and do not constitute an offer to sell, or a solicitation of an offer to subscribe for, any fund, security or investment product in any jurisdiction. Unless otherwise stated the financial results discussed herein are on the basis of alternative performance measures (APM) basis; see full year results . PDF Subscribe to our newsletters * Please enter a valid email * Please select a list to subscribe Newsletter Press Releases Sign up for: Linkedin newsletter Regulatory news alerts

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