Honeycomb Investment Trust PLC Monthly Update

TIDMHONY

RNS Number : 3280F

Honeycomb Investment Trust PLC

21 March 2022

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA (OTHER THAN THE UNITED KINGDOM), CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

21 March 2022

Honeycomb Investment Trust plc

Honeycomb Investment Trust plc (the "Company" or "Honeycomb") announces that the Investment Manager's monthly factsheet for 28 February 2022 is now available on its website at http://www.honeycombplc.com .

Net Asset Value per Share

The Company announces that its unaudited Net Asset Value ("NAV") per share as at 28 February 2022 on a cum-income basis was 1,032.2 pence, based on a NAV of GBP363.9 million, and on an ex-income basis was 1,019.1 pence, based on a NAV of GBP359.3 million. The NAVs have been calculated by Apex Fund Services (UK) Ltd.

Honeycomb delivered a NAV return of 0.59% for the month, which is equivalent to 7.7% per annum.

NAV return was driven by strong risk adjusted yield of 9.1% with no impairment charge in the month due to the continued strength in performance of the portfolio. In line with previous years, the result was impacted slightly by February being a short month, with interest accruing on a day count basis on the majority of underlying investments.

Net Investment Assets were stable in the month (GBP579m in January, to GBP580m in February).

For further information about this announcement please contact:

Pollen Street Capital - Investment Manager

Matthew Potter / Julian Dale: +44 (0)20 3728 6750

Liberum Capital Limited - Joint Broker

Chris Clarke: +44 (0)20 3100 2000

Cenkos Securities plc - Joint Broker

Justin Zawoda-Martin: +44 (0)20 7397 8900

Link Company Matters Limited - Corporate Secretary

hitcosec@linkgroup.co.uk

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