Honeycomb Investment Trust plc (HONY) Ordinary 1p

The investment objective is to provide shareholders with an attractive level of dividend income and capital growth through investing in primarily asset secured loans and selected equity investments that are aligned with the investment strategy and that present opportunities to enhance the returns from investments.

The management fee is 1/12 of 1% of GA monthly. If, on the last day of a Calculation Period, the Adjusted NAV exceeds the Hurdle, a performance fee shall be paid equal to the lower of the amount by which the Adjusted NAV exceeds the Hurdle and 10 % of the amount by which total growth in Adjusted NAV since first admission.

The company intends to distribute at least 85% of its distributable income earned in each financial year by way of dividends. The company intends to pay dividends on a quarterly basis with dividends declared in August, November, February and May and paid in September, December, March and June in each year.

Lindsey McMurray

Lindsey has been a private equity investor for more than 19 years with a particular focus on the financial services sector. Since 2005 she has led the team managing the RBS Special Opportunities Fund. Prior to RBS, Lindsey spent six years at Cabot Square Capital, Ltd., a London-based private equity firm where she was a Partner, focusing on operating investments in real estate and other asset backed investments, together with investments in the financial services sector. Lindsey has a First Class Honours degree in Accounting and Finance and studied for an MPhil in Finance from Strathclyde University. Lindsey has served as a non-executive director on the boards of a number of Pollen Street Capital portfolio companies including Arrow Global, Shawbrook, Banca Sistema, Freedom Finance, and Moneycorp and was also a non-executive director of Intermediate Capital Group.

Robert SharpeChairman, James Coyle, Richard Rowney