Title: URL Source: https://is.gd/SlHEZC Published Time: Wed, 25 Jun 2025 09:02:16 GMT Markdown Content: Investment objective To grow the Company’s net assets over the medium to long term by investing in a diversified and multi-strategy portfolio comprising third-party funds, global equities and other international financial securities. The Company may invest in quoted and unquoted securities and holds a strategic position in the share capital of Ocean Wilsons Holdings Ltd (OWHL) which currently represents its largest holding. Portfolio Manager Alec Letchfield Alec is a partner at Hansa Capital Partners, having joined as Chief Investment Officer in September 2013 from HSBC where, as CIO for Wealth and Multi-Asset, he was instrumental in the development of the multi-asset class offering for private clients for the HSBC Group. This highly diverse range of solutions generated excellent investment performance and industry leading asset growth. Previously he headed up the UK equity team, managing a range of high conviction portfolios. Company facts Shares in issue: 40M Ordinary shares 80M ‘A’ non-voting Ordinary shares Launch date: 1912 – business transferred to Hansa Investment Company Limited (HICL) in August 2019. Year end: 31 March Dividends: August, November, February, May Directors: J. Davie (Chairman), P. Gonçalves S. Heidempergher, R. Lightowler (Audit Chair), W.H. Salomon. Fees: 1% p.a. of NAV (excluding the holding in OWHL) payable monthly. AIC Sector: Flexible KPIs: UK CPI, MSCI ACWI TR GBP and FTSE Gilts All Stocks TR. Ongoing PRIIPs KID Charge: (Calculated as at 31 March 2024) 1.03% AGM: July NAV Frequency: Daily ## Monthly Fact Sheet 31 May 2025 Important information: Net Asset Values (NAV) and returns are stated on a cum income basis and current year unaudited. Prices quoted are mid price and performance returns are mid to mid. Performance of HICL has been combined with that of Hansa Trust PLC for periods prior to 27 August 2019. NAV performance is not the same as share price performance, and shareholders may realise returns that are lower or higher than NAV performance. The spread on products analogous to HICL typically ranges 0.5-1.5% each way on the mid-market price (Winterflood). Investors should note the market for HICL shares can be quite illiquid at times, which leads to a large spread between the buying and selling prices (i.e. the bid to offer spread). Past performance is not necessarily a guide to future performance as market and exchange rate movements may cause the value of shares and income from them to fall as well as rise, and an investor may not get back the amount invested. Financial highlights > ‘A ’ N O N - V O T I N G O R D I N A R Y S H A R E S > Share price # 232.0p > Discount # 41.0% > Gross yield # 1.4% > O R D I N A R Y S H A R E S > Share price # 230.0p > Discount # 41.5% > Gross yield # 1.4% > NAV per share # 393.4p > Total assets # £472.1M P E R F O R M A N C E A N A LY S I S Last Month Financial YTD Calendar YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs NAV 4.7 2.6 2.0 5.5 31.0 62.8 83.9 Ordinary shares 8.5 -1.8 -3.9 7.5 30.5 65.7 51.7 ‘A’ non-voting Ordinary shares 6.4 7.3 2.0 10.5 31.4 63.5 60.5 Total return (%) Total return Q1 2020 to Q1 2021 Q1 2021 to Q1 2022 Q1 2022 to Q1 2023 Q1 2023 to Q1 2024 Q1 2024 to Q1 2025 Ordinary shares 54.2 1.7 -10.8 22.7 13.5 ‘A’ non-voting Ordinary shares 49.3 -1.3 -10.1 21.8 8.0 Rolling one year discrete performance > Sources: Hansa Investment Company Limited internal unaudited data, Bloomberg. Annual dividend payments > 3.0 3.2 3.2 3.2 3.2 3.2 > pence > 0.0 > 21/22 22/23 23/24 25/25 25/26 Five year total return cumulative performance > NAV Cum Income Ordinary Share Price ‘A’ non-voting Ordinary Share Price > 80 % > 0 > May 21 May 20 May 22 May 23 May 24 May 25 > Paid Payable Predicted 2 OWHL holds two assets: Wilson Sons S.A. and Ocean Wilsons Investments Ltd (OWIL). The fair value of Hansa Investment Company Limited's holding in OWHL has been apportioned across the two assets in the ratio of the latest reported NAV of OWIL, that being the NAV of OWIL shown per the 31 March 2025 OWHL quarterly update, to the expected sale proceeds of OWHL's holding in Wilson Sons, net of withholding tax (estimated on a reasonable worst-case basis), as announced by OWHL on 21 October 2024. Disclaimer: This factsheet is issued by Hansa Capital Partners LLP (HCP). HCP is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom (UK) with Firm Reference Number 425855. HCP is incorporated as limited liability partnership in England and Wales number OC309528 with its registered office at 6th Floor North, 20 Balderton Street, London, W1K 6TL, United Kingdom. HCP is the portfolio manager to Hansa Investment Company Ltd and only acts for this entity. Nothing in this communication is, or intended to be an offer, advice, or an invitation to buy or sell any investment. This communication is intended for information purposes only. The summary description and any other materials provided to you are intended only for information purposes and convenient reference and are not intended to be complete. This information is not intended to provide and should not be relied upon for accounting, legal or tax advice or investment recommendations. You should consult your tax, legal, accounting, financial or other advisors about the issues discussed herein. The value of any investment may go down as well as up and investors may not get back the amounts originally invested. The distribution of this document may be restricted in certain jurisdictions. This document is not intended for distribution to, or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation, and it is the responsibility of any person or persons in possession of this document to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction. P O R T F O L I O B R E A K D O W N Fund codes Ordinary shares ‘A’ non-voting Ordinary shares SEDOL BKLFC18 BKLFC07 ISIN BMG428941162 BMG428941089 RIC HAN.L HANA.L TIDM HAN HANA Bloomberg HAN LN HANA LN LEI 213800RS2PWJXS2QDF66 ## Monthly Fact Sheet 31 May 2025 C O N T A C T S Portfolio Manager Hansa Capital Partners LLP 6th Floor North, 20 Balderton Street, London, W1K 6TL, United Kingdom +44 (0) 20 7647 5750 hiclenquiry@hansacap.com www.hansagrp.com Company Secretary Conyers Corporate Services (Bermuda) Ltd Clarendon House, 2 Church Street, PO Box HM666, Hamilton, HM CX, Bermuda +1 441 279 5373 bermuda@conyers.com www.conyers.com Registrar Computershare Investor Services (Bermuda) Ltd c/o 13 Castle Street, St Helier, Jersey, JE1 1ES +44 (0) 370 707 4040 info@computershare.co.je www.computershare.com/je H O W T O I N V E S T • Any prospective investor should read the prospectus and other key investor information prior to investing. The prospectus contains more details about the risks associated with HICL. • HICL shares are available within wrapper products such as ISA & Saving Schemes (through third part Plan Managers). • HICL shares are also available directly through investors’ own stockbroker/bank facilities. • HICL does not provide direct access for investment into the Company. Register for updates To receive the latest news and views on the Company, please register at www.hansaicl.com Core & Thematic Funds 51.0 Global Equities (direct) 9.9 Diversifying Assets 9.3 Private Assets 0.4 Strategic (OWHL) 27.3 Cash 2.0 Total 100.0 No. of holdings 62 Top ten holdings (%) Sector analysis (%) Ocean Wilsons Holdings Limited (OWHL) 1 27.3 iShares Core S&P 500 UCITS ETF 10.6 Findlay Park American Fund 4.4 BlackRock Strategic Equity Hedge Fund 3.7 Select Equity Offshore, Ltd 3.7 Pershing Square Holdings Ltd 2.8 Schroder ISF Asian Total Return 2.5 Helikon Long Short Equity Fund ICAV 2.5 Polar Capital Fund - Global Technology 2.3 Polar Capital Global Insurance Fund 2.0 Total 61.9 > 1 comprising: Wilson Sons S.A. 2 17.7 Ocean Wilsons (Investments) Ltd 2 9.6