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Hg's quarterly update

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Our numbers
Gen AI laboratory
AI product launches
Our portfolio in numbers
Strategic M&A activity
Investment activity
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Our numbers

of proceeds returned from all technology and tech services businesses since 2001 at 3.0x gross MOIC (Multiple on Invested Capital) / 31% gross IRR (Internal Rate of Return) 1

aggregate EV of the Hg portfolio

assets under management

years of investing (30+ including pre-independence)

total technology & tech services investments (200+ Total)

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

(All facts and figures as at 30 June 2026, adjusted to currency spot rates)

1 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. Represents an indicative firm-level return which no investor would have received.

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Gen AI laboratory

At Hg we have a dynamic AI laboratory across 60 innovative technology & tech services companies, all working together to unlock the potential of AI

portfolio companies actively engaging with and deploying AI

AI projects live across the portfolio, supported centrally by the Hg Value Creation team

per annum webinars, dedicated events and podcasts, aimed at educating and engaging portfolio management teams

20 in-house data & analytics experts and 80+ consultant specialists

AI products and features launched to customers

our in-house AI product incubator, accelerating AI product development

Find out more

..and growing

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AI product launches across the portfolio2

Company
Product
AMDT
Octoplant AI Chat
Benevity
AI-native Enterprise Impact Platform
Bright
Oscar
CaseWare
Verity
Empyrean
CECL / Model IQ
Diamant Software
Diamant/4
FE fundinfo
Nexus
Fonds Finanz
PWX
GenII
Sensr® Portal
IFS
IFS.ai / IFS Zero / IFS Nexus Black / IFS.ai Logistics
insightsoftware
Reporting Intelligence
Ivalua
IVA Studio
LucaNet
intelligent CFO Solution Platform
Mitratech
ARIES™ Immigration AI Ecosystem
Ncontracts
Nquiry Ntelligence
Norstella
Ask Ella / Atlas
OneStream
SensibleAI
Prophix
Architect Agent / Prophix Copilot for Microsoft Teams
Quantios
Timesheet Agent
Rhapsody
Axon AI
Serrala
AI Agents (Finance Platform) / Disputes and Deductions Cloud
team.blue
Webnode / Macaly / Metricool Studio / Flexmail / SimplyBook.me / iubenda / windsor.ai
Trackunit
Trackunit IrisX MCP
WorkWave
WAlve

2 Publicly disclosed product launches on company website's from 1st January 2026 to 30th June 2026.

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Our portfolio in numbers3

an ecosystem of technology and tech services champions

portfolio companies

portfolio employees4

portfolio revenue growth LTM5

portfolio employee growth4

portfolio EBITDA growth LTM5

total revenue of our companies4

Investment activity

portfolio growth LTM6

total deal EV

new platform investments

3 Past performance is not a reliable indicator of future results 4As at 31 March 2026 5 These figures represent LTM 30 June 2026 sales and EBITDA growth of the investments held by HgCapital Trust plc (100% 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. 6As at 30 June 2026, adjusted pro forma for post period events, with some transactions remain subject to closing

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2026 strategic M&A activity7

Click on the icon to reveal more info

Company
HQ Country
Category
Investments
Access Group
UK
ERP & Payroll
MaxOptra / Enthuse / Ordo Open Banking
Azets
UK
Tax & Accounting
Alextra / Muldoon / Outsource
Blinqx
Netherlands
ERP & Payroll
CreditDevice
CUBE
UK
Legal & Regulatory
4CRisk
Howden
UK
Insurance
Atlantic Group / PIBL / Hymans Robertson LLP / Maven / Opes Wealth Trust / Cybeta
IFS
Sweden
ERP & Payroll
Softeon
OneStream
USA
Fintech
OneStream (platform)
Optro
USA
Legal & Regulatory
Midship
Rightsline
USA
Legal & Regulatory
Rightsline (platform)
Septeo
France
Legal & Regulatory
spt.one
Serrala
Germany
Tax & Accounting
Cevinio
team.blue
Belgium
Tech Services
Saleskit / Storyclash / Windsor.ai
Teamworks
USA
ERP & Payroll
Teamworks (platform) / Sportlogiq / PFF
The Citation Group
UK
Legal & Regulatory
PayCaptain
Visma
Norway
Tax & Accounting
MaisMei / fulll / FatturaElettronica App / Dootax / PagUtil

7 Publicly disclosed transactions on company websites from 1st January 2026 to 30th June 2026. Some investments remain subject to closing

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Over a decade of technology and tech services transactions8

Click on the icon to reveal more info

Year invested
Total EV of investments (excl exits)
<$500m EV
$500m-$2bn EV
>$2bn EV
2026
+$8bn
Rightsline
Teamworks
OneStream
Intelerad (exit) ($2.3bn)
Geomatikk Group (exit)
2025
~$30bn
Scopevisio Ascendia Parte
Payworks A-LIGN Diamant Software SmartTrade (exit) Trackunit (part exit) GTreasury ($1bn) (exit)
P&I (c.€5.5bn) (recap) IFS (c.€15bn) (recap) The Citation Group (exit and recap)
2024
~$40bn
Induver CTAIMA CUBE Athletic Sport Sponsoring (part exit) F24 (part exit)
Ncontracts Ivalua Focus Group Empyrean CINC Systems Dext (exit)
GGW (recap) AuditBoard (>$3bn) IRIS (c.£3bn) (recap) team.blue (recap) (c.€4.8bn) Septeo (recap) (>$3bn) Visma (c.€19bn) (recap) Argus Media (exit) (c.$4.6bn) TeamSystem (exit)
2023
~$800m
JTL NomadIA Commify (c.€300mn) (exit) Silverfin (exit)
GTreasury Azets (recap)
TeamSystem (partial exit)
2022
$28bn+
Fonds Finanz Quantios Blinqx
Ideagen LucaNet Pirum Rhapsody Waystone Itm8 (exit) Medifox-DAN (~$1bn) (exit)
team.blue IFS + Workwave (~$10bn) Access Group (~$10bn) (recap)
2021
$25bn
Auvesy-MDT Nitrogen Bright Geomatikk Prophix GGW Dext ProcessMAP
Norstella (c.$1.6bn) HHAeXchange Litera Revalize (~$1.8bn) Benevity (~$1bn) FE fundinfo Trackunit Seralla Mitratech (exit) Allocate (exit) FE fundinfo (exit)
Teamsystem Insightsfotware (~$4bn) Howden Group (~$5bn)
2020
$22bn
SmartTrade GGW F24 MMIT Evaluate Evaluate (Exit)
Citation Group Septeo (c.$1bn) CaseWare Gen II Intelerad Citation (exit)
Visma (c.$12.2bn) P&I (c.€2 bn) Sovos (c.$3bn) Argus Media Sovos (exit)
2019
$7.5bn
Silverfin
Litera team.blue Transporeon (c.$800m) Foundry (exit) Register (exit)
Visma (c.€6.5 bn)
2018
$10bn
Allocate Financial Express itm8 Rhapsody Medifox
IRIS (c.£1.2 bn) Access Group (c. £1bn)
Visma (c.$5.3bn)
2017
$1.3bn

fundinfo Register MeinAuto Group Parts Alliance (exit) Sequel (exit)

Mitratech Zenith (exit)

2016
$2.7bn

Kinapse The Citation Group Trace One STP Commify Evaluate

Sovos Raet Azets

2015
$1.0bn
APG Foundry Eucon EidosMedia Zitcom

8 Includes all announced investments as at 30 June 2026, some may remain subject to closing. Past performance is not a reliable indicator of future results.

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New in

Hg agrees sale of Quantios to Vista

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Street Group secures investment from Hg

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Rightsline announces investment from Hg

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Hg ranked top 10 globally and top 2 in Europe Private Equity International's PEI300: The world's largest private equity firms (June 2026)

Hg ranked #2 most active PE investor in IT PitchBook's Global League Tables: 2025 Annual (February 2026)

#2 Global Tech PE for deal count AGC Partners 2025 Tech PE Rankings (Dec 2025)

Includes a sample of awards based on investment activity, fundraising, performance and firm profile from 2025. In some instances, Hg may have put certain standards or policies in place in order to qualify for the award. Other third parties or investors may disagree with these awards. An award may not be representative of a particular investor's experience. In some cases, Hg may have paid a publication or licensing fee in connection with the use or distribution of an award or rating.

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The information on this web page 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 web page 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 there in 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 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.