KEY INFORMATION DOCUMENT Purpose This document provides you with key information about this investment product. It is not marketing material. The information is required by law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. MOLTEN VENTURES VCT PLC Product: Ordinary Shares of 5 pence each nominal value issued by Molten Ventures VCT plc (“Shares”) ISIN: GB0002867140 Names of PRIIP manufacturers: Molten Ventures VCT plc (registered number 03424984) (the “Company”) and Elderstreet Investments Limited (registered number 01825358) (“Elderstreet”) Website for the PRIIP manufacturer: www.moltenventures.com Call this telephone number for more information: +44(0)207 416 7780 Competent Authority of the PRIIP Manufacturer in relation to the KID: UK Financial Conduct Authority Date of production of this Key Information Document: 11 October 2024 Comprehension alert: You are about to purchase a product that is not simple and may be difficult to understand. What is this product? Type: Venture Capital Trust Objectives: To provide good long‐term tax‐free returns to Shareholders through a combination of dividends and capital growth and 30% income tax relief for eligible VCT investors (as long as shares are held for 5 years from the date of allotment and other conditions are met). The Company invests in a diversified portfolio of smaller, unquoted companies with a particular focus on the technology sector. Bid‐offer spread: Shares are bought and sold via markets. Typically, at any given time on any given day, the price you pay for a Share will be higher than the price at which you could sell it. The recommended holding period: is ten years to allow for underlying investments to mature. The Company is intended to be evergreen and there are no relevant prescribed maturity dates, but it is always open for a majority of shareholders to resolve that the Company should be liquidated. If you subscribe for Shares at issue and hold them for less than five years you will lose any tax reliefs for which you may have been eligible in respect of that subscription. Intended retail investor: a typical investor in the Company will be a UK higher‐rate income taxpayer, over 18 years of age and with an investment range of between £6,000 and £200,000 who is capable of understanding and is comfortable with the risks of VCT investment. Risk Indicator Lower risk Higher risk We have classified this product as 6 out of 7 which is the second highest risk class. This has been calculated usingthe prescribed methodology, based on historic share price data of appropriate proxies. This rates the potentiallosses from future performance at a high level, and poor market conditions are very likely to impact the amountyou could get back. The is considerably higher than the risk rating shown in the previous KID which arises from achange of methodology such that all VCTs must now have a minimum risk score of 6.This Product does not include any protection from future market performance, so you could lose some or all of your investment. If we are not able to pay what is owed, you could lose your entire investment. This investment offers no capital guarantee against credit risk. If the underlying companies in which the Company invests do not pay what they owe the Company, you could lose part of the capital you invest (but you do not bear the risk of incurring additional financial obligations or commitments). If you cash in at an early stage, you may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you get back. This liquidity risk is not contractual but is due to there being a limited secondary market for shares in venture capital trusts. This investment offers no capital protection against future market performance so you could lose all or part of your investment if you sell in a poor market.1Performance Information What are the risks and what could I get in return? The main factors that will affect the performance of the Company are the performance of the investments in quoted and unquoted companies held within the portfolio; the ability of the Investment Manager to identify and make suitable investment decisions; the ability of the Investment Manager to mitigate counterparty risks, realise investments; the ability of the Company to fulfil many of its operational requirements and duties; and broader macroeconomic factors that affect the UK market and the valuations of quoted investments in the portfolio. The primary metric by which the Company assesses its performance is by reference to the Net Asset Value (NAV) Total Return, over periods of 1, 2, 3, 5 and 10 years. Covering the period to 31 March 2024, the Company has generated Net Asset Value Total Returns of -6.8% (1 year), -7.8% (2 years), 11.5% (3 years), 8.1% (5 years) and 43.1% (10 years) respectively. The annualised FTSE Small Cap movements over the same periods to 31 March 2024 are 4.4% (1 year), -4.1% (2 years), -2.0% (3 years), 3.2% (5 years) and 3.6% (10 years) respectively. The Company targets the payment of a constant annual dividend. In each of the previous five financial years, the Company has paid regular dividends totalling a minimum of 1.5 pence per share per year, and an average of 2.6 pence per year. What could affect my return positively? Specific factors that could affect returns positively would be strong growth of the underlying investments within the portfolio and the ability of the Investment Manager to continually identify and make promising new investments. General factors that affect positive returns for the Shares would be an extended period of UK economic growth and fiscal stability. An increase in valuations of the UK technology sector would benefit returns as the Company is focused on growth technology investments, making up over 70% of the investment pool’s value. Day to day, the Company has low correlations to UK markets, but we would expect larger upward market movements in the UK market to correlate with improvements in valuations in the Company’s underlying investments. What could affect my return negatively? Specific factors that affect returns negatively would be an underperforming portfolio of quoted and unquoted holdings, with some underlying holdings possibly defaulting, and a lack of liquidity within the Company to pursue new investments. A breach of the VCT regulations could result in a loss of VCT status and negatively impact returns through the loss of tax reliefs currently available to shareholders. A general factor that will affect returns negatively would be poor performance of the UK equity markets. In addition, a decrease in the valuations of the UK Technology sectors is also likely to impact on returns. What could happen under severely adverse market conditions? During the dotcom crash the Company lost 67.1% of its value from October 2000 to September 2002. Under severely adverse market conditions we would expect the value of the Shares to fall by similar amounts, however, the Company may experience a high proportion of defaults within the portfolio during such periods of stress, which could result in you losing all of your investment. What happens if Molten Ventures VCT plc is unable to pay out? The value of the Shares and the income derived from them is dependent on the performance of the Company’s underlying investments and can fluctuate. Investors could lose all or part of their investment. Your capital is at risk. As a shareholder of the Company, you would not be able to make a claim to the Financial Services Compensation Scheme about the Company in the event that the Company is unable to pay out. What are the costs? The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account one‐off, ongoing and incidental costs. The amounts shown here are the cumulative costs of the product itself, for three different holding periods. The figures assume you invest £10,000. The figures are estimates and may change in the future. Costs over time The person selling you or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs and show you the impact that all costs will have on your investment over time. Investment ScenariosIf you cash in after If you cash in after If you cash in after 1 year* 5 years 10 years Total costs£858 £2,538 £6,084 Impact on return (RIY) per year 8.58% 3.71%3.10% *This product cannot be easily realised. This means it is difficult to estimate how much you would get back if you attempt to realise your investment early. You will either be unable to realise your investment early or you will have to pay high costs or make a large loss if you do so. You will also lose tax reliefs gained on subscription if you sell within five years.2 Composition of costs The table below shows the compounding impact each year of the different types of costs on the investment return you might get at the end of the recommended holding period and the meaning of the different cost categories. This table shows the impact on return per year One‐off Entry costs0.62% If shares are acquired under an offer for subscription, Elderstreet Investments costsLimited will normally charge a promotion fee to the Company of 3.0%, plus 2.5%initial commission amounts invested depending on the category of investor. Wehave calculated the impact based on the maximum fees of 5.5%.Stamp duty reserve tax of 0.5% is payable if the Shares are purchased on thesecondary market, however this is not included in these calculations. Ongoing Portfolio 0.00% The Company’s costs of buying and selling underlying investments (including costs transaction costscosts that borne by those companies). This is an estimate of the expectedexposure to such costs. Other ongoing 2.48% This represents impact of the costs of running the Company each year and costsincludes the fees charged to investee companies by Elderstreet InvestmentsLimited.The Company’s annual running costs are capped at 3.5% of its net assets,including a management fee of 2.0% payable to Elderstreet InvestmentsLimited. Incidental Performance fees 0.00% A Performance Incentive arrangement is in place is in place in respect of costsinvestments made within a five‐year pool, the first such period starting on 1April 2021. Based on historic performance, no fee is expected to be paid at thistime. Carried interests 0.00% There are no carried interested associated with this product.How long should I hold it and can I take money out early? The recommended holding period is a minimum of ten years because investing in smaller and unquoted companies involves a higher degree of risk and volatility and investments by the Company which prove to be successful may take longer to mature compared to those which prove to be less successful. Investments are likely to be realised by the sale of Shares back to the Company or in the market. The Company has a policy to buy back shares which become available in the market, currently at a discount of 5.0% to the most recently announced NAV but its ability to do so may be limited by available cash, the listing rules issued by the FCA, the Companies Act 2006 and the VCT Rules. Accordingly, it is unlikely there will be a liquid market as there is a limited secondary market for shares in VCTs and Investors may find it difficult to realise their investments. How can I complain? As a shareholder of Molten Ventures VCT plc you do not have the right to complain to the Financial Ombudsman Service about the management of Molten Ventures VCT plc. Complaints about the Company or the key information document should be sent to the company secretary, ISCA Administration Services Limited, The Office Suite, Den House, Den Promenade, Teignmouth TQ14 8SY. Other relevant information: Other relevant information relating to Molten Ventures VCT plc can be found in the Offer Document in respect of the Company’s current Offer for Subscription, available from: investors.moltenventures.com/investor‐relations/vct The cost, performance and risk calculations included in this KID follow the methodology prescribed by UK rules, as stated in the PRIIPs Regulations and as transposed in UK law in the FCA Handbook. Performance has been calculated using the prescribed methodology based on historic share price data, including the use of comparable proxies where appropriate. Depending on how you buy Shares you may incur other costs, including broker commission, platform fees and stamp duty. The distributor will provide you with additional documents where necessary. Prospective investors should note that the value of an investment may go down, as well as up, and you may not get back the amount originally invested. Therefore, you should only make investments in the Company that you can afford to lose without having any significant impact on your overall financial position or commitments. Taxation levels, bases and reliefs may change if the law changes and the tax benefits of products will very according to your personal circumstances: independent advice should therefore be sought. Please note that it cannot be guaranteed that the Company’s investments will be qualifying companies or that the Company will maintain its qualifying status as a venture capital trust. 3