Investor Presentaiton

Private Equity Funds Top holdings as at 30 September 2023 CALEDONIA INVESTMENTS 3 years 5 years 10 years Value Annualised Returns 24.1% 17.1% 19.2% First 30 Sep Top Holdings (Em) Invested 2023 Sector HighVista Strategies* 2015 123.5 Distribution Axiom Asia funds 2012 88.1 Decheng funds 2016 57.4 Asia Alternatives funds 2012 47.3 Unicorn funds 2018 39.6 CenterOak funds 2015 38.9 Stonepeak funds 2016 36.2 Ironbridge funds 2016 34.0 Healthcare 21% I Information Technology 15% ■Consumer Discretionary 19% Industrials 25% Materials 6% Energy 4% ■Consumer Staples 4% ■Communication Services 4% ■Utilities 1% ■Financials 1% Other investments 498.1 Total 963.1 Geographic Distribution Half-year results 2023 * Formerly Aberdeen US PE funds North America 58% Asia 42% ■UK & Europe 0% 34

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