Hancock & Gore Proposes $20M Asset Acquisition via Scrip Deal

• Non-binding proposal to acquire H&G High Conviction Limited’s assets for scrip at $0.30 per share
• Proposal values HCF assets at $1.00 per share less costs and dividends
• H&G owns 20.4% of HCF and manages its portfolio through a subsidiary
• Acquisition expected to add approximately $20 million in strategic liquid assets to H&G