Bankers Investment Trust: NAV update for December 16, 2025

As of the close of business on December 16, 2025, The Bankers Investment Trust PLC reported an unaudited net asset value per share of 139.2p, calculated in accordance with the AIC formula. This figure includes current financial year revenue items and excludes shares held in treasury. When debt was marked at fair value, the net asset value per share stood at 142.6p.

Excluding current financial year revenue items and shares held in treasury, the unaudited net asset value per share was 138.8p. With debt marked at fair value under these conditions, the net asset value per share was 142.2p.

The company's £ denominated unsecured loan notes' fair value is estimated using a discount rate based on the yield of a UK Gilt of similar maturity plus a credit spread. For € denominated unsecured loan notes, the fair value is derived from a discount rate calculated using the yield of a Euro Swap of similar maturity plus a credit spread.