Title: PowerPoint Presentation URL Source: https://documentscdn.financialexpress.net/Literature/8D873D06A7456DFB871EEA4EE2547277/241262979.pdf Number of Pages: 5 Markdown Content: NAV PER SHARE TOTAL RETURN (1) # -4.3% -4.1% 10.3% 10.1% 10.8% Monthly Year to Date 5 Years Annualised 10 Years Annualised Since IPO Annualised # Monthly NAV Per Share Progression (USD) (4) # Key Performance Metrics DIVIDENDS (3) # XD 30 April 2026 $0.1200 3.3% 2.8% Next Dividend: Q1 2026 Last Dividend: Q4 2025 DividendYield Dividend 5-Year CAGR # Monthly Factsheet | 31 March 2026 Tetragon Financial Group Limited At Tetragon, we seek to provide stable returns to investors across economic cycles and market conditions. Tetragon Financial Group is a Guernsey closed-ended investment company. Its non-voting shares are listed on Euronext in Amsterdam N.V. and also traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Our investment manager is Tetragon Financial Management LP. Find out more at www .tetragoninv .com /shareholders . Net Asset Value: $3,747m Fully Diluted NAV Per Share: $40.03 Share Price*: $14.00 Shares Outstanding**: 93.6m Stock Tickers: TFG NA / TFG LN / TFGS LN *Based on TFG.NA. **Fully diluted shares outstanding. 41.96 (1.57) (0.09) (0.12) (0.15) 40.03 36.50 38.50 40.50 42.50 NAV at 28 February 2026 Investment income and gains / losses Operating expenses, management and incentive fees Dividends Other share dilution NAV at 31 March 2026 # Investment Summary by Asset Class (5) All figures below are in millions of USD INVESTMENT RETURNS / RETURN ON EQUITY (2) # -4.0% -3.6% 11.7% Monthly Year to Date Annual Average Since IPO 1 T e t r a g o n F i n a n c ia l G r o u p L im it e d | Mo n t h l y F a c t s h e e t Asset Classes NAV at 28 Feb 2026 Additions Disposals/ Receipts Gains/ (Losses) NAV at 31 Mar 2026 Private equity in asset management companies 1,940.5 27.4 (534.8) (67.8) 1,365.3 Equity funds 932.2 18.5 (20.2) (20.2) 910.3 Credit funds 193.5 - (0.6) (7.5) 185.4 Real estate 125.3 66.6 (1.1) 2.5 193.3 Private equity and venture capital 901.7 8.7 (2.9) (50.2) 857.3 Other equities and credit 263.8 30.6 (8.3) (3.0) 283.1 Net cash (450.2) 402.4 - 0.4 (47.4) Total 3,906.8 554.2 (567.9) (145.8) 3,747.3 Detailed Investment Review - Year to Date # Monthly Factsheet | 31 March 2026 Tetragon Financial Group Limited > 2T e t r a g o n F i n a n c ia l G r o u p L im it e d |Mo n t h l y F a c t s h e e t (i) Any gains or losses on foreign exchange hedging instruments attributable to a particular strategy or sub-asset class have been included in “additions” or “disposals/ receipts” respectively. For example, where a hedging gain or loss is made, this will result in either cash being received or paid, or cash being receivable or payable, which is equivalent to a receipt or disposal. (ii) Assets characterised as “other equities and credit” consist of investment assets held directly on the balance sheet. For certain contracts for difference (CFD), gross value or required margin is used. Under IFRS, these CFDs are held at fair value which is the unrealised gain or loss at the reporting date. Payments and receipts on the CFDs have been netted off against each other. (iii)Net cash consists of: (1) cash held directly by Tetragon, (2) excess margin held by brokers associated with assets held directly by Tetragon, and (3) cash held in certain designated accounts related to Tetragon’s investments, some of which may only be used for designated purposes without incurring significant tax and transfer costs, and (4) adjusted for all other assets and liabilities at the reporting date including any drawn amounts on the revolving credit facility. (iv) Following Tetragon’s exit from BGO in March 2026, the NAV of carried interests in certain BGO investment vehicles have been transferred from BGO in “private equity in asset management companies” to BGO funds and co-investments included in “real estate”. This resulted in a disposal of $66.6 million included in BGO line and an addition of $66.6 million included in BGO funds and co-investments line. Asset Classes NAV at 31 Dec 2025 Additions Disposals/ Receipts (i) Gains/ (Losses) NAV at 31 Mar 2026 % of investments Private equity in asset management companies Equitix 1,149.1 - (24.2) 31.3 1,156.2 30.5% BGO (iv) 325.1 - (516.1) 191.0 - 0.0% LCM 107.1 - - (62.9) 44.2 1.2% Platform and other asset managers 172.9 41.2 (15.0) (34.2) 164.9 4.3% Equity funds Hawke's Point funds and co-investments 364.9 - - (61.1) 303.8 8.0% Westbourne River Event Fund - Low Net 301.6 45.0 - (23.8) 322.8 8.5% Westbourne River Event Fund - Long Bias 172.8 5.0 (1.8) (14.4) 161.6 4.3% Tetragon Life Sciences fund 77.7 38.7 (31.4) 8.5 93.5 2.5% Other funds 26.6 - (0.2) 2.2 28.6 0.8% Credit funds Contingency Capital funds 61.5 - (0.7) 3.7 64.5 1.7% Acasta funds 55.4 - - 1.8 57.2 1.5% Tetragon Credit Partners funds 42.4 - (4.0) (2.5) 35.9 0.9% U.S. CLOs 41.4 - (1.9) (11.7) 27.8 0.7% Real estate BGO funds and co-investments (iv) 86.0 67.1 (0.7) 2.3 154.7 4.1% Other real estate 38.6 0.1 - (0.1) 38.6 1.0% Private equity and venture capital Banyan Square funds 182.3 11.0 (1.8) (3.4) 188.1 5.0% Other funds and co-investments 204.8 12.3 (2.4) 0.8 215.5 5.7% Direct 512.8 - - (59.1) 453.7 12.0% Other equities and credit (ii) Other equities 285.2 128.6 (46.4) (84.3) 283.1 7.5% Net cash (iii) Net cash (316.4) 268.6 - 0.4 (47.4) Total 3,891.8 617.6 (646.6) (115.5) 3,747.3 100.0% First Quarter Review # Monthly Factsheet | 31 March 2026 > Tetragon Financial Group Limited > 3T e t r a g o n F i n a n c ia l G r o u p L im it e d |Mo n t h l y F a c t s h e e t >  Tetragon’s NAV: NAV decreased by $144.5 million during the first quarter of 2026, driven by net loss of -139.1$ million, and -$5.4 million of dividends and other capital items. The net loss comprises -$115.5 million of net investment losses, -$17.7 million of operating expenses and management fees, and -$5.9 million of interest expense. >  Largest performance drivers: The largest contributors during the quarter included the following: > 1. The investment in BGO as part of private equity in asset management companies (+$191.0 million). The call relating to the 2018 acquisition of the company was exercised by Sun Life Financial and settled in March. The net of tax proceeds were higher than the Q4 2025 valuation by $36 million. In addition, in February, Tetragon Partners agreed with Sun Life Financial to relinquish certain ongoing rights it held in BGO in return for a payment of $155 million, producing a gain of same amount, as these rights were valued at zero previously. > 2. The position in Equitix as part of private equity in asset management companies (+$31.3 million), driven by the dividend paid by Equitix to Tetragon of $17.9 million and a higher EBITDA used in the Market Multiple approach. The largest detractors during the quarter included the following: > 1. Other equities (-$84.3 million) driven by mark-to-market losses in UiPath, a global leader in agentic automation, as multiples broadly compressed across the software sector driven by fears of AI-driven displacement. We believe that UiPath’s agentic solutions will be a beneficiary of broader AI adoption. > 2. The investment in LCM as part of “private equity in asset management companies” (-$62.9 million), reflecting a material change in the key assumptions around future deal issuance. > 3. The investment in Hawke’s Point funds and co-investments (-$61.1 million), driven by mark-to-market losses following a substantial metals sector selloff globally during the quarter resulting from the Iran conflict. > 4. Direct private equity investments (-$59.1 million) as the price of Ripple stock observed in the private market reduced from $150 per share to $127 per share. >  Additions, disposals, and receipts: Notable additional investments during the period included $128.2 million in other equities, $50 million in Westbourne River Event Fund, $41.2 million in Tetragon Partners’ platform and $38.7 million in Tetragon Life Sciences fund. Significant disposals and receipts included $449.5 million from BGO, $46.4 million from other equities and $31.4 million from Tetragon Life Sciences fund. >  Cash: Tetragon’s net cash balance as at 31 March 2026 was comprised of the following: Tetragon has in place a $500 million revolving credit facility with a maturity date in December 2034, of which $185 million was drawn at 31 March 2026 . >  Dividends: As set forth in a separate Tetragon announcement, the Board of Directors declared a dividend of [$0.12] per share in respect of the first quarter of 2026. >  Share repurchases: On 14 April 2026, Tetragon announced the final results of the tender offer to purchase Tetragon non-voting shares that was announced 13 March 2026. In accordance with the terms of the tender offer, Tetragon has accepted for purchase 3,773,581 non-voting shares at a purchase price of $13.25 per share. The aggregate cost of this purchase is $49,999,948.25, excluding fees and expenses relating to the tender offer. Full details can be found at https ://www .tetragoninv .com/shareholders/share -repurchases/ . $ Millions Cash at bank 132.1 Drawn balance of credit facility (185.0) Net amount due from/(to) brokers 4.0 Net receivables and payables 1.5 Net cash (47.4) 36% 24% 5% 5% 23% 7% 600% 313% 301% 134% 219% (100%) 0% 100% 200% 300% 400% 500% 600% > Apr-07 > Oct-07 > Apr-08 > Oct-08 > Apr-09 > Oct-09 > Apr-10 > Oct-10 > Apr-11 > Oct-11 > Apr-12 > Oct-12 > Apr-13 > Oct-13 > Apr-14 > Oct-14 > Apr-15 > Oct-15 > Apr-16 > Oct-16 > Apr-17 > Oct-17 > Apr-18 > Oct-18 > Apr-19 > Oct-19 > Apr-20 > Oct-20 > Apr-21 > Oct-21 > Apr-22 > Oct-22 > Apr-23 > Oct-23 > Apr-24 > Oct-24 > Apr-25 > Oct-25 TFG NAV per share (TR)(i) TFG Share Price (TR)(ii) MSCI ACWI (TR)(iii) TFG SOFR-based performance hurdle(iv) FTSE All-Share Index (TR)(iii) Holding Asset Class Value ($ millions) % of Investments 1 Equitix Private equity in asset management companies 1,156.2 30.5% 2 Ripple Labs Inc. - Series A & B Preferred Stock Private equity and venture capital 450.2 11.9% 3 Westbourne River Event Fund - Low Net Equity funds 322.8 8.5% 4 Hawke's Point Fund 1 Equity funds 278.2 7.3% 5 UiPATH Inc. Other equities 197.1 5.2% 6 Westbourne River Event Fund - Long Bias Equity funds 161.6 4.3% 7 Banyan Square Fund 1 Private equity and venture capital 147.5 3.9% 8 Tetragon Life Sciences Fund Equity funds 93.5 2.5% 9 Contingency Capital Fund 1 Credit funds 61.8 1.6% 10 Acasta Global Fund Credit funds 51.4 1.4% TOTAL 77.1% North America Europe Asia Pacific Latin America 40% 49% 10% 1% # NAV Per Share Total Return and Share Price Total Return Since IPO (6) # Geographic Breakdown (8) Currency Exposure : Tetragon is a U.S. dollar-based fund and reports all of its metrics in U.S. dollars. Note that currently some of the Equitix GBP -denominated exposure is not hedged back to U.S. Dollars. # Top 10 Holdings # Investment Breakdown (7) # Monthly Factsheet | 31 March 2026 Tetragon Financial Group Limited 4 T e t r a g o n F i n a n c ia l G r o u p L im it e d | Mo n t h l y F a c t s h e e t > Mar-26 Private equity in asset management companies Equity funds Credit funds Real estate Private equity and venture capital Other equities and credit This Monthly Factsheet does not contain or constitute an offer to sell or asolicitation of an offer to purchase securities in the United States or any other jurisdiction. The securities of Tetragon have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States or to U.S. persons unless they are registered under applicable law or exempt from registration. Tetragon does not intend to register any portion of its securities in the United States or to conduct a public offer of securities in the United States. In addition, Tetragon has not been and will not be registered under the U.S. Investment Company Act of 1940, and investors will not be entitled to the benefits of such Act. Tetragon is registered in the public register of the Netherlands Authority for the Financial Markets under Section 1:107 of the Financial Markets Supervision Act as an alternative investment scheme from a designated country. Notes: Tetragon Financial Group Limited is referred to in this Monthly Factsheet as Tetragon. (1) NAV Per Share Total Return (NAV Total Return) month to date and year to date as of the date of this Monthly Factsheet; annualised to the date of this Monthly Factsheet over the last five years, the last ten years, and since Tetragon’s initial public offering in April 2007. NAV Total Return is determined in accordance with the “NAV total return performance” calculation as set forth on the Association of Investment Companies (AIC) website. Tetragon’s NAV Total Return is determined for any period by calculating, as a percentage return on the Fully Diluted NAV Per Share (NAV Per Share) at the start of such period, (i) the change in NAV Per Share over such period, plus (ii) the aggregate amount of any dividends per share paid during such period, with any dividend deemed reinvested at the NAV Per Share at the month end date closest to the applicable ex-dividend date (i.e., so that the amount of any dividend is increased or decreased by the same percentage increase or decrease in NAV Per Share from such ex-dividend date through to the end of the applicable period). NAV Per Share is calculated as Net Assets divided by Fully Diluted Shares Outstanding. Source: Tetragon. (2) Return on Equity is calculated as Adjusted Net Income divided by Net Assets at the start of the year. Over longer time horizons, Tetragon’s returns will most likely reflect sensitivity to the underlying short term risk-free rate regime. Therefore, after periods of transition to high-SOFR environments, Tetragon should achieve higher sustainable returns; after periods of transition to low-SOFR environments, Tetragon should achieve lower sustainable returns . The “Annual Average Since IPO” figure includes the current year. (3) The dividend yield represents the last four quarterly dividends divided by the TFG NA share price at the date of this Monthly Factsheet. The dividend yield and the 5-year Compound Annual Growth Rate (CAGR) include the latest declared dividend in their calculation. (4) With the exception of share repurchases (when applicable), all of the Fully Diluted NAV Per Share movements in the table are determined by reference to the fully diluted share count at the start of the period. Other share dilution/accretion captures the impact of, where applicable, and among other things: scrip dividends and additional recognition of equity-based compensation shares. (5) Any gains or losses on foreign exchange hedging instruments attributable to a particular strategy or sub-asset class have been included in “Additions” or “Disposals/Receipts”, respectively. For example, where a hedging gain or loss is made, this will result in either cash being received or paid, or cash being receivable or payable, which is equivalent to a receipt or disposal. Net cash consists of: (1) cash held directly by Tetragon, (2) excess margin held by brokers associated with assets held directly by Tetragon, (3) cash held in certain designated accounts related to Tetragon’s investments, some of which may only be used for designated purposes without incurring significant tax and transfer costs, and (4) adjusted for all other assets and liabilities at the reporting date including any drawn amounts on the revolving credit facility. (6) Label numbers have been rounded. (i) NAV Per Share Total Return as of the date of this Monthly Factsheet since Tetragon’s initial public offering in April 2007. See Note 1 for further information. (ii) Total shareholder return to the date of this Monthly Factsheet, defined as share price appreciation including dividends reinvested since Tetragon’s initial public offering in April 2007; sourced from Bloomberg. (iii) Any Indices and other financial benchmarks are provided for illustrative purposes only. Comparisons to indices have limitations because, for example, indices have volatility and other material characteristics that may differ from the fund. Any index information contained herein is included to show general trends in the markets in the periods indicated, is not meant to imply that these indices are the only relevant indices and is not intended to imply that the portfolio or investment was similar to any particular index either in composition or element of risk. The indices shown here have not been selected to represent an appropriate benchmark to compare an investor's performance, but rather is disclosed to allow for comparison of the investor's performance to that of certain well-known and widely-recognised indices. The volatility of the indices may be materially different from the individual performance attained by a specific investor. In addition, the fund's holdings may differ significantly from the securities that comprise the indices. The “MSCI ACWI Index” refers to the MSCI All Country World Index (USD) which captures large and mid-cap representation across 23 developed markets and 24 emerging markets countries. With 2,515 constituents, the index covers approximately 85% of the global investable equity opportunity set. Further information relating to the index constituents and calculation methodology can be found at www.msci.com/acwi. The FTSE All-Share Index represents 98-99% of U.K. market capitalisation and is the aggregate of the FTSE 100, FTSE 250 and FTSE Small Cap indices. Further information relating to the index constituents and calculation methodology can be found at https ://www .lseg .com/en/ftse -russell/indices/uk . (iv) Cumulative return determined on a quarterly compounding basis using the actual Tetragon quarterly incentive fee SOFR based hurdle rate. In the period from IPO to June 2008 this was 8%; July 2008 to June 2023, this was three-month USD LIBOR rate on the first day of each calendar quarter, plus a spread of 2.647858%; thereafter, the hurdle rate has been determined using the three-month term SOFR rate on the first day of each calendar quarter, as sourced from Bloomberg, plus a spread of 2.747858%. (7) Assets characterised as “other equities and credit” consist of investment assets held directly on the balance sheet. For certain contracts for difference (CFD), gross value or required margin is used. Under IFRS, these CFDs are held at fair value which is the unrealised gain or loss at the reporting date. Payments and receipts on the CFDs have been netted off against each other. (8) Equity funds, credit funds, real estate, private equity and venture capital, and other equities and credit investments are based on the geographies of the underlying portfolio assets. U.S. CLOs and Tetragon Credit Partners funds are treated as 100% North America. LCM, Tetragon Credit Partners, Banyan Square Partners, Contingency Capital are treated as 100% North America. Acasta Partners is treated as 80% Europe and 20% North America. Westbourne River Partners and Equitix are treated as 100% Europe. Hawke’s Point is treated as 100% Asia-Pacific. (9) Shareholdings at 31 March 2026 of the principals of Tetragon’s investment manager and employees of Tetragon Partners, including all deferred compensation arrangements (other than with respect to shares that are subject to performance criteria). Please refer to the Tetragon Financial Group Limited 2025 Audited Financial Statements for more details of these arrangements. (10) Annual calculation as at 31 December 2025. The ongoing charges figure is calculated as defined by the AIC, and comprises all direct recurring expenses to Tetragon expressed as a percentage of average Net Assets, and includes the annual management fee of 1.5%. (11) Please see https ://www .tetragoninv .com/shareholders/additional -information . ** Tetragon Legal Shares Issued and Outstanding: 139.7 million. # Important Information Investment manager: Tetragon Financial Management LP Ongoing charges (1 0) (including management fee): 1.67% Principal and employee ownership (9): 39.6% Fund domicile and type: Guernsey closed-ended investment company Annual management fee: 1.5% Administrator and Registrar: TMF Group Fund Services (Guernsey) Limited Performance fee: 25% over the hurdle rate Brokers: J.P. Morgan Cazenove, Jefferies International Limited Hurdle rate: 3-month term SOFR plus 2. 747858 % Restrictions on ownership : Tetragon’s non-voting shares are subject to restrictions on ownership by U.S. persons and are not intended for European retail investors. (11) Tetragon Investor Relations Yuko Thomas ir@tetragoninv.com +44 20 7901 8328 Press Inquiries Prosek Partners pro -tetragon@prosek.com U.K. +44 203 890 9193 U.S. +1 212 279 3115 # Monthly Factsheet | 31 March 2026 Tetragon Financial Group Limited 5 T e t r a g o n F i n a n c ia l G r o u p L im it e d | Mo n t h l y F a c t s h e e t