UK Mortgages Ltd - Investor Update

UK Mortgages Ltd - Investor Update

PR Newswire

London, August 23

UK Mortgages Ltd: Investor Update

THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.

23^rdAugust 2021

UK MORTGAGES LIMITED
(a closed-ended investment company incorporated in Guernsey with registration number 60440)

LEI 549300388LT7VTHCIT59

Investor Update

The UK Mortgages Ltd Portfolio Management team have published a brief Investor Update presentation where Rob Ford, Portfolio Manager, presents a review of the Company's achievements so far in 2021 and an updated outlook for the rest of the year and into the future.

In particular the presentation covers the successful completion of all of the company objectives set at the end of last year, notably:

• The successful Keystone securitisation (Hops Hill No.1) and the encouraging pace of growth to date in the second Keystone portfolio
• The agreement and completion of the sales of the two Coventry portfolios and the resultant share tenders
• The impact these have had on the NAV and the positive outlook for future NAV growth
• The subsequent reduction of the dividend financing requirement alongside a growing level of dividend coverage
• Future milestones, and refinancings and further income and growth potential

The presentation can be found at the following link on the UK Mortgages Ltd/TwentyFour Asset Management website. [https://www.twentyfouram.com/insights/uk-mortgages-limited-update-23-august-2021]

For more information please contact [e-mail] or [e-mail]

Important notice

This announcement has been prepared for information purposes only, it is not a prospectus.

The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required by the UKML, TwentyFour and Numis to inform themselves about, and to observe, such restrictions.

Recipients of this announcement who are considering acquiring New Shares in UKML are reminded that any such acquisition must be made only on the basis of the information contained in the Prospectus and any supplementary prospectus(es) thereto which may be different from the information contained in this announcement. This announcement does not constitute or form part of and may not be construed as an offer to sell, or an invitation to purchase, investments of any description, nor as a recommendation regarding the possible offering or the provision of investment advice by any party. No information in this announcement should be construed as providing financial, investment or other professional advice and each prospective investor should consult its own legal, business, tax and other advisers in evaluating any investment opportunity. In particular, an investment in UKML involves a high degree of risk and prospective investors should read the section in the Prospectus entitled "Risk Factors" for further information.