REG - UIL Limited UIL Finance Ltd - Publication of monthly factsheet

UILAnnouncement

13/05/2026 14:45

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RNS Number : 2108E  UIL Limited  13 May 2026

13 May 2026

 

UIL LIMITED

(LEI Number: 213800CTZ7TEIE7YM468)

 

Publication of monthly factsheet

 

The latest monthly factsheet for UIL Limited ("UIL" or the "Company") will
shortly be available through the Company's website at:

https://www.uil.limited/investor-relations/factsheet-archive
(https://www.uil.limited/investor-relations/factsheet-archive)

 

Monthly commentary

 

PERFORMANCE

UIL's net asset value ("NAV") total return was up by 0.6% in April, compare
with the FTSE All Share total return Index which was up by 2.8%. Over the last
three months UIL's NAV total return was 12.6% outperforming the FTSE All Share
total return Index which was up by 2.1%.

 

The US-Israeli strikes on Iran and retaliatory actions by Iran, largely paused
from 8 April 2026 when a tentative ceasefire came into place. Progress on a
possible peace agreement, leading to an early end to the conflict is
unpredictable.

 

April was a positive month for the markets, the S&P 500 Index was up by
10.4% and the Euro Stoxx Index was up by 5.6%. The ASX 200 Index was up by
2.2% and the FTSE 100 Index was up by 2.0% during the month.

 

Commodity prices were mixed in April with nickel up by 14.0% and copper was up
by 5.6%. The gold price was down by 1.1% at USD 4,617.85 and Brent crude oil
declined by 3.7% ending the month at USD 114.01.

 

Sterling appreciated 3.0% against the US Dollar and 0.5% against Canadian
Dollar. Whilst the Australian Dollar was down by 1.8% and the New Zealand
Dollar declined by 0.2% during the month.

 

PORTFOLIO UPDATE

UIL's top ten holdings are disclosed on a look through basis, taking into
account the underlying

investments of Zeta Resources Limited. There were no changes to the
constituents of the top ten holdings during the month.

 

Horizon Gold remained number one in UIL's look through portfolio despite its
share price decreasing 9.4% during April. Utilico Emerging Markets' share
price was up by 6.6% in the month.

 

Roxmore Resources' share price increased by 32.5% in April, as it announced
the results of a Preliminary Economic Assessment of its Converse Gold Project
on 20 April 2026. This envisages a 14-year, open-pit, heap leach mine
producing an average of 246,000 ounces of gold per year, generating an
after-tax NPV(5%) of USD 2.7bn, IRR of 43%, and 2.2 years payback period, at
long term consensus gold price of USD 3,600/oz (increasing to after-tax
NPV(5%) of USD 4.5bn, IRR of 60%, and 1.6 years payback period, at a spot
price of USD 4,700/oz).

 

MoneyMe was up by 4.9% whilst Alliance Nickel's share price was down by 12.5%
during the month.

 

ORDINARY SHARES

UIL's ordinary share price ended the month at 199.00p, a decrease of 1.0%. The
discount to NAV widened from 26.6% to 27.7%.

 

ZDP SHARES

The 2026 ZDP share price was up by 1.7% at 148.00p and the 2028 ZDP share
price was down by 0.4% ending the month at 128.50p.

 

 

Name of contact and telephone number for enquiries:

 

Charles Jillings

ICM Investment Management
Limited
+44(0)1372 271486

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