REG-JZ Capital Ptnrs Ltd: Net Asset Value(s)

JZ Capital PartnersAnnouncement

20/03/2023 16:30

JZ CAPITAL PARTNERS LIMITED (the "Company" or “JZCP”)
(a closed-ended investment company incorporated with limited liability under
the laws of Guernsey with registered number 48761)
LEI 549300TZCK08Q16HHU44

Monthly Net Asset Value (“NAV”)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET
ABUSE REGULATION (EU) NO. 596/2014, WHICH FORMS PART OF UK LAW BY VIRTUE OF
THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR").

20 March 2023

The unaudited Net Asset Value per Ordinary Share of the Company as at the
close of business on 28 February 2023 was as follows:

 Company Name                 Date              NAV per Ordinary Share  
 JZ Capital Partners Limited  28 February 2023  US$ 4.08                

The Company’s annual results are currently being audited and the above NAV
is therefore subject to change.

JZCP’s NAV at 28 February 2023 is $4.08 per share ($4.36 per share at 31
January 2023), the decrease in NAV of 28 cents per share is due to net
investment losses of (24) cents, net fx losses of (3) cents and expenses and
finance costs of (2) cents offset by income of 1 cent. The main constituent
part of the net investment losses of (24) cents is the write-off of the
principal balance of the Company's direct loan to Toro Finance from €22.0
million to €1.4 million (representing a reduction of -6.4% of the Company's
January NAV). Toro Finance is a Spanish company that forms part of the
Company's European debt investments which provides short term receivables
finance to the suppliers of major Spanish companies.

Below is a summary of the Company's assets and liabilities at 28 February
2023: 

                                                    US$'000 
 Assets                                                     
 Private Investments                                258,530 
 Cash and cash equivalents                          101,659 
 Other receivables                                      222 
 Total Assets                                       360,411 
                                                            
 Liabilities                                                
 Senior debt - maturity date 26th January 2027       43,235 
 Other liabilities                                      764 
 Total liabilities                                   43,999 
                                                            
 Net Asset Value                                    316,412 
 Number of Ordinary shares in issue              77,477,214 
 Net Asset Value per Ordinary share                   $4.08 

Market Abuse Regulation

The information contained within this announcement is considered by the
Company to constitute inside information as stipulated under MAR. Upon the
publication of this announcement, this inside information is now considered to
be in the public domain.

The person responsible for arranging the release of this announcement on
behalf of the Company is David Macfarlane, Chairman of JZCP.

Enquiries:                             
Company website:         www.jzcp.com   
Northern Trust International Fund Administration Services (Guernsey) Limited
Email:               jzcp@ntrs.com



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