October 2026 Factsheet

Odyssean Investment Trust PLC ("OIT" or the "Company") is a closed-ended investment company that seeks to generate attractive total returns principally through capital growth over a medium term.

OIT's investment strategy is to invest in a concentrated portfolio of well researched quoted UK smaller companies, typically too small for inclusion in the FTSE 250. These companies will be selected through a rigorous process, and all have potential to generate improved returns to their shareholders. OIT is actively managed. OIT may, from time to time, utilise short term gearing for working capital and/or investment purposes.

Constructive corporate engagement is a key part of Odyssean's approach, drawing on the investment team's lengthy and successful track record in public and private equity investing.

Manager Odyssean

Performance % L3M* 1 Year 3 Years 5 Years ITD** ITD† p.a.

Past performance is not a guide to future performance and may not be repeated Returns may increase or decrease as a result of currency fluctuations

^ Used by the Company as comparator, not benchmark

240 comparator index3

220

200

180

160

140

120

100

80

Sep-26

Mar-26

Sep-25

Mar-25

Sep-24

Mar-24

Sep-23

Mar-23

Sep-22

Mar-22

Sep-21

Mar-21

Sep-20

Mar-20

Sep-19

Mar-19

Sep-18

May-18

60

OIT NAV OIT Share Price DNSC +AIM ex IC

Capital

Launch date 1st May 2018 Year end 31 March

Technology

NAV £m 348.4m

Company Sector Weight % Company Sector Weight %

Market Cap. £m 352.8m

Dialight Industrials 14.3 Auction

TMT 7.3

Share price 239.0p

NAV per share 236.0p

XP Power Industrials 13.7 Elementis Industrials 6.6

Xaar Industrials 8.7 James Fisher Business Services 6.4

Premium to NAV per

share

1.3%

Genus Healthcare 8.3 Craneware TMT 6.0

No. of holdings 17

Net cash/(gearing)# 0.9%

NCC TMT 7.8 Zotefoams Industrials 3.9

Total 83.0%

Performance source: 1 London Stock Exchange. 2 Odyssean Capital. 3 DNSC + AIM ex IC. Deutsche Numis Smaller Companies index plus AIM excluding investment companies. This index is used as a comparator not a benchmark, and it is shown for comparison purposes only. All data as at 31 October 2026. #Net gearing is total assets less cash and cash equivalents divided by shareholders' funds and expressed as a percentage. Net cash is net exposure to cash and cash equivalents expressed as a percentage of shareholders' funds after any offset against gearing.

*2018 performance started 1st May 2018, the share price being 100p at launch. L3M = Last 3 Months, ITD= Inception To Date, **Inception 1st May 2018 ITD † Inception 1st May 2018 p.a. (Compound Annual Growth Rate)

Stuart and Ed have more than 40 years' combined investment experience in smaller companies.

Stuart was previously lead manager of GVQIM's strategic investment funds which saw him drive the turnaround in performance and discount of Strategic Equity Capital plc, a UK listed investment trust.

Ed was a principal in the European TMT investment team at HgCapital where he was responsible for sourcing, evaluating and managing investments in the TMT sector in UK, Europe & USA.

Shareholders were given an exit opportunity at NAV less costs in the seventh year following admission (June 2024). Such an opportunity will be given every seventh year thereafter.

Ed and Stuart have a combined holding of 1,799,460 shares in OIT.

The Directors have adopted a discount management policy to establish and support an improved rating in the Company's

AMC (Annual

Management Fee)

Lower of 1% of NAV or market

capitalisation

shares through the use of buybacks. Buyback authority will be sought on an annual basis. In addition, 50% of the profit from takeovers is to be used to buy back shares if the average discount exceeds 5% for over 60 days.

The Company's shares are traded openly on the London Stock Exchange and can be purchased through a stock broker, platform or other financial intermediary.

Equiniti provide online, telephone and postal share dealing services. Full details, including rates and charges can be found at https://www.shareview.co.uk.

The telephone number for their share dealing service is 03456 037 037. Further information on the Company is available at https://www.oitplc.com.

The Company is suitable for investors seeking a fund that aims to deliver capital growth over a long-term investment horizon (at least 5 years), who are prepared to bear capital losses and have at least basic market knowledge and experience. Investors should understand the risks involved, including the risk of losing all capital invested.

The Company may not be suitable for investors who are concerned about short-term volatility and performance, seeking a regular source of income or who may be investing for less than 5 years. The Company does not offer capital protection.

Performance fee 10% above rolling 3 year

(DNSC + AIM ex IC +1% p.a.)

OCF (Ongoing Charges)1 1.49%

Sedol BFFK7H5

ISIN GB00BFFK7H57

Bloomberg OIT

Linda Wilding Peter Hewitt

Neil Mahapatra Richard King Michael Sayers

Cadarn Capital David Harris

1Expressed as a percentage of the Company's annualised expenses (excluding finance costs and certain non-recurring items) divided by average daily net assets for the year ended 31 March 2026. The Ongoing Charges Figure (OCF) is the overall cost shown as a percentage of the value of the assets of the Company. It is made up of the AMC and other charges (excluding performance fees). It does not include the cost of buying and selling investments within the Company. The OCF can help you compare the annual operating expenses of different investment companies. It is not an additional cost paid by the

shareholders of the Company.

31 October 2026 oitplc.com | +44 (0)20 7640 3200 | info@odysseancapital.com

• Investment in OIT may not be appropriate for investors who plan to withdraw their money within 5 years.

• Shares of OIT may trade either below (at a discount) or above (at a premium) the Net Asset Value ("NAV") for a variety of reasons. On a sale you could realise less than the NAV and less than you initially invested.

• OIT's portfolio is focused towards small and mid-sized companies, which may involve a higher degree of risk than larger sized companies. The shares of smaller companies may be less liquid and more volatile than those of larger companies.

• OIT holds a concentrated portfolio (no more than 25 companies). This means that the portfolio carries a higher degree of stock-specific risk than a more diversified portfolio and a material decline in the value of one investment in the portfolio could have a significant impact on the overall value of the portfolio and the share price of OIT.

• OIT's exposure to a single market and a small number of sectors may increase risk.

• Gearing, if utilised, will magnify gains or losses experienced by OIT.

• OIT will pay interest on its borrowings. As such, it is exposed to interest rate risk due to fluctuations in the prevailing market rates.

• There is no guarantee that the investment objective of OIT will be achieved.

An investment trust should be considered only as part of a balanced portfolio. To ensure you understand whether this product is suitable against your individual needs and risk tolerance, please refer to the Company's prospectus, Annual Report, Investor Disclosure Document and the Key Information Document, available at https://www.oitplc.com, before making any final investment decisions. If you are in any doubt as to the suitability of OIT for your investment needs, we recommend you seek independent professional advice prior to investing.

This factsheet is for information purposes only and does not constitute an offer, solicitation or investment recommendation for the purchase or sale of any securities or financial instruments mentioned and should not be relied on by any person for making an investment decision. Nothing in this factsheet should be construed as investment advice and is therefore not a recommendation to buy or sell shares in OIT.

For the purposes of the UK Sustainability Disclosure Requirements, a sustainable investment label helps investors find funds that have a specific sustainability objective. OIT does not have a UK sustainable investment label because it does not have a specific sustainability objective. For more information on the UK sustainable investment labelling and disclosure requirements, please check the FCA webpage: https://www.fca.org.uk/consumers/sustainable-investment-labels-greenwashing

This factsheet has been issued by Odyssean Capital LLP ("the Alternative Investment Fund Manager"), registered in England and Wales (OC417961) at 6 Stratton Street, Mayfair, London W1J 8LD, United Kingdom and authorised and regulated by the Financial Conduct Authority (FRN: 783925). Whilst the Alternative Investment Fund Manager has used all reasonable endeavours to ensure the accuracy of information contained in this factsheet, it cannot guarantee the reliability, completeness or accuracy of such content. This information and opinions in this factsheet are subject to change without notice.