RCS - Seraphim Space I.T. - White Paper by Seraphim Space Manager LLP

Seraphim Space Investment TrustAnnouncement

17/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250417:nRSQ3656Fa&default-theme=true

RNS Number : 3656F  Seraphim Space Investment Trust PLC  17 April 2025

SERAPHIM SPACE INVESTMENT TRUST PLC

(the "Company" or "SSIT")

Publication of White Paper 'The Role of SpaceTech in Solving Europe's Security
Dilemma' by Seraphim Space Manager LLP

Seraphim Space Investment Trust plc (LSE: SSIT), the world's first listed
SpaceTech investment company, announces a white paper published by its
Manager, detailing several policy recommendations to unlock growth within the
European space sector required to mitigate Europe's security crisis.

The white paper can be found here
(https://seraphim.vc/wp-content/uploads/2025/04/Role-of-SpaceTech-in-Europes-Security-Dilemma-Whitepaper-April-2025.pdf)
. Key points include:

·       Dependence on US capabilities: In response to President
Trump's demands that  Europe increase its defence spending, the European
Union has sought to mobilise up to €800bn in defence funding.  Europe's
over-reliance on America for its security needs is most evident it its current
space capabilities. Satellites are the bedrock of modern defence systems, and
Europe has neglected to invest in its own sovereign capability, resulting in a
near-total reliance on the US for space-based intelligence gathering.

·        Europe galvanised: The UK Government announced an increase
in defence funding to 2.7% of GDP. This aims to accelerate procurement
processes, develop new capabilities and promote a robust UK defence technology
sector to strengthen national security. Meanwhile, Germany voted to increase
defence spending with a €500bn infrastructure fund, and Sweden has pledged
to increase its defence budget to 3.5% of GDP.

·         Evolving warfare and SpaceTech: The Ukraine conflict has
highlighted the importance of SpaceTech in modern warfare, showcasing the
rapid evolution of military strategies that leverage technological
innovations, including the use of commercial satellites for intelligence and
communication.

·       Manager's recommendations: The Manager's white paper sets out
recommendations to rapidly boost Europe's defence-related space capabilities
by ramping up public and private sector investment and fast-tracking
procurement processes to favour more innovative emerging SpaceTech companies.

How does the SSIT investment strategy address evolving European policy? While
SSIT portfolio companies serve both military and civilian customers, SSIT
maintains a firm ethical stance regarding military uses. While the Company
actively invests in 'Defence' applications, it strictly prohibits investments
in 'Offensive' use cases, specifically screening out businesses that seek to
harm human life or violate human rights.

James Bruegger, Chief Investment Officer of the Manager, said: "The prospect
of Europe no longer being able to rely on American intelligence and
communications capabilities for its security plays directly to the pressing
need for Europe to develop more sovereign space capabilities as quickly as
possible. Europe's over-reliance on America for these highly strategic
technologies goes right to the heart of Europe's current security crisis. The
$800 billion defence budget coordinated by European leaders reflects the
lengths Europe is willing to go to build up its defence capabilities at speed
to address such shortcomings.

Cutting-edge innovations from emerging New Space companies will have a
critical role to play if Europe is to act decisively to try to address its
current deficit in defence capabilities. The challenge now, and what this
paper seeks to deliver, is several policy recommendations that can provide a
much-needed boost to investment capacity and government support required to
bolster the European SpaceTech market's efforts to strengthen both Ukraine's
and Europe's whole security."

- Ends -

Media Enquiries

 Seraphim Space Manager LLP (via SEC Newgate)
 Mark Boggett, CEO / James Bruegger, CIO / Rob Desborough
 SEC Newgate (Communications advisers)                          seraphim@secnewgate.co.uk (mailto:seraphim@secnewgate.co.uk)
 Emma Kane / Clotilde Gros / George Esmond                      +44 (0) 20 3757 6767
 Deutsche Numis

 Mark Hankinson / Gavin Deane /David Benda / Vicki Paine
 J.P. Morgan Cazenove
 William Simmonds / Jérémie Birnbaum / Rupert Budge             +44 (0) 20 7742 4000
 Ocorian Administration (UK) Limited                            seraphimteam@ocorian.com
 Lorna Zimny                                                    +44 (0) 28 9078 5880

Notes to Editors

About Seraphim Space Investment Trust plc

Seraphim Space Investment Trust plc (the "Company") is the world's first
listed fund focused on SpaceTech. The Company seeks exposure predominantly
growth stage private financed SpaceTech businesses that have the potential to
dominate globally and that are sector leaders with first mover advantages in
areas such as climate, communications, mobility and cyber security.

The Company's shares are traded on the London Stock Exchange.

Further information is available at: https://investors.seraphim.vc
(https://investors.seraphim.vc) .

About Seraphim Space Manager LLP

Seraphim Space Manager LLP ("Seraphim Space" or the "Manager") is based in the
UK and manages Seraphim Space Investment Trust plc and Seraphim Space Ventures
II LP.

Further information is available at www.seraphim.vc (http://www.seraphim.vc) .

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAIFMPTMTIBBRA