Investor Presentaiton

Caledonia Overview NAV Growth CALEDONIA INVESTMENTS Self-managed investment company Net assets of £2.9 billion Targeting long-term compounding real returns CPIH +3% to +6% Progressive dividend policy Successful track record Strong consistent long term NAV growth 56 consecutive years of dividend increases. Established by the Cayzer family History dates from late 1800s Remain a supportive long-term shareholder NAV total return growth since 2003 Caledonia NAV TR FTSE All-Share TR CPIH+4.5% 700 600 500 400 300 200 INVESTIMENT INVESTMENT COMPANY 100 2003 OF THE YEAR AWARDS 2023 WINNER FLEXIBLE aic DIVIDEND HERO 2008 2013 2018 2023 Dividend Growth Annual dividend / share (p) 80 +175p special +100p special 70 60 50 40 30 20 10 0 2003 2008 2013 2018 2023 Half-year results 2023 2

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