Hg's quarterly update

Together we build enduring software and services leaders that transform how people work

of proceeds returned from all software and services businesses since 2001 at 3.0x gross MOIC / 32% gross IRR 2

years of investing (30+ including pre-independence)

aggregate EV of the Hg portfolio

total Software & Services Investments (200+ Total)

assets under management

employees across London, Munich, New York, Paris, San Francisco & Singapore

(All facts and figures as at 31 March 2025, adjusted for events post period)

¹ Adjusted to currency spot rates. 2 Returns presented are gross and do not include the effects of fees, commissions and other charges. Past performance is not a reliable indicator of future results. The value of investments and the income from them can go down as well as up as a result of market and currency fluctuations and other factors, some of which may be outside of our control, and investors may not get back the amount they originally invested.

Our portfolio in numbers

an ecosystem of software and services champions

Portfolio companies

portfolio employees

portfolio employee growth

portfolio revenue growth LTM

portfolio EBITDA growth LTM

total revenue of our companies

Investment activity

LTM platform investment activity 5

Total deal EV

New platform investments

Last 10yrs investment activity

Total platform deal EV

Platform investments across software and services

3 As at 31 December 2024, adjusted for post period events, including realised and partially realised software & services investments made post-independence from 2001 to 2024. Past performance is not a reliable indicator of future results. Returns presented are gross and do not include the effects of fees, commissions and other charges. 4 These figures represent LTM 31 December 2024 sales and EBITDA growth of the top 20 investments held by HgCapital Trust plc (c.76% of the Hg portfolio), calculated on a weighted basis, based on the respective gross valuations of the underlying investments. HGT, whose shares are listed on the London Stock Exchange, gives private and institutional investors the opportunity to participate in all Hg's investments . 5 Includes all investments, some remain subject to closing

2024 M&A activity

6 Publicly disclosed transactions on company website from 1st January 2025 to 31th March 2025. Some investments remain subject to closing

Over a decade of software and services transactions

Year Invested Total EV⁷
Platform investments only
2025 +$20bn
Scopevisio / IFS / P&I
2024 ~$40bn
Induver & Clover / CUBE / Visma / IRIS / GGW / CINC Systems / Focus Group / AuditBoard / CTAIMA / Ncontracts / Ivalua / Empyrean Solutions / Septeo / Ascendia Gruppe / The Citation Group
2023 c.$800m
JTL / GTreasury / Nomadia
2022 +$28bn
Rhapsody / ProcessMAP / Waystone / IFS / LucaNet / team.blue / Access / Ideagen / Quantios
2021 +$21bn
TeamSystem / Trackunit / Auvesy-MDT / Insightsoftware / MMIT / Pirum / Fonds Finanz / Dext / HHAeXchange / Bright / Litera / revalize / Nitrogen / Serrala
2020 $36bn
intelerad / smartTrade / Argus / P&I / Silverfin / F24 / Evaluate / Sovos/ Geomatikk / Visma The Citation Group / Septeo / Howden Group Holdings / Caseware / GenII / Prophix / GGW / Benevity
2019 $8bn
Transporeon / Litera / Visma / team.blue
2018 $4.3bn
Access / itm8 / Allocate / IRIS / Medifox Dan / Rhapsody /
FE Fundinfo
2017 $7.1bn
Fundinfo / Mitratech / Visma / Register / MeinAuto Group
2016 $2.7bn
Kinapse / Sovos / The Citation Group / Traceone / raet / STP / Commify / Azets / Evaluate
2015 $1.0bn
APG / Foundry / Eucon / EidosMedia / Zitcom
2014 $4.0bn
Relay / Ullink / Sequel / Visma / Allocate
2013 $1.5bn
e-conomic / Radius / Intelliflo / Zenith / P&I
2012 $300m
Noventic / Parts Allicance / Valueworks
2011 $1.3bn
ATC / NetNames / IRIS / CSH
2010 $1.5bn
JLA / Lumesse / Simons Voss / M / TeamSystem

7 Includes all announced investments, some may remain subject to closing

P&I secures further backing from Hg in €5.5billion transaction

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Scopevisio partners with Hg to accelerate growth in DACH region

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Trackunit announces investment from Goldman Sachs Alternatives

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The information in this video is not intended to be, and shall not be regarded or construed as, a recommendation or solicitation for any transaction or investment, nor financial, legal, tax or other advice of any kind, nor constitute or imply any commitment whatsoever, including, without limitation, an offer to purchase, sell or hold any security, investment, loan or other financial product or to enter into or arrange any type of transaction or investment. Nothing contained in this Information may be relied on as the basis for any contract for the purchase or sale of any investment. The Information was prepared exclusively by Hg, and the opinions expressed therein are current as of the date specified only.

Neither the Securities and Exchange Commission nor any other regulator has approved, passed on or endorsed the merits of any investment opportunity that may be described herein, nor have any foregoing authority confirmed the accuracy or determined the adequacy of this information. Any representation to the contrary is a criminal offense. Nothing contained in the information shall be relied upon as a promise or representation whether as to past or future performance. Hg does not have or undertake any obligation to update or keep current the information.

Any performance information contained [in this video] is based in part on hypothetical assumptions and, for certain assets, projected performance and “forward-looking statements”. These include, among other things, projections, hypothetical analyses of income, yield or return, future performance targets, sample or pro forma portfolio structures or portfolio composition. All forward-looking statements included are based on information available on the date of this document and neither Hg nor any of its affiliates assumes any duty to update any forward-looking statement. Such results are presented for illustrative purposes only and are based on various assumptions, not all of which are described herein. No representation or warranty is made by Hg, or any of its affiliates as to the reasonableness of such assumptions or as to any other financial information contained in the performance information (including the assumptions on which they are based). The actual performance of any underlying investment may differ, and may differ substantially, from that set forth in the performance information and undue reliance should not be placed on any such forward-looking statements. The performance information is provided on the understanding that a sophisticated investor will understand and accept its inherent limitations.

In all circumstances no representation, warranty or undertaking, express or implied, is or will be made or given and no responsibility or liability is or will be accepted by, and no party shall have any right of action (except in the case of fraud) against Hg or its directors, officers, employees, partners, shareholders, advisers or agents or any other person in relation to the accuracy or completeness of the information.

Hg Pooled Management Limited and its parent entity HgCapital LLP are authorised and regulated by the Financial Conduct Authority. Recipients of the Information are not clients of HgCapital LLP or Hg Pooled Management Limited. Neither HgCapital LLP or Hg Pooled Management Limited act for any recipient and neither firm will be responsible for providing protections afforded to their clients or advising recipients.