Related parties transactions not disclosed elsewhere in the Consolidated Financial Statements are as follows:

One Director of the Company, Peter Dubens, is also a Director of the Investment Adviser, an entity which provides services to, and receives compensation from, the Company. The agreements between the Company and these service providers are based on normal commercial terms, as disclosed in the 2024 Annual Report.

The Company holds unquoted debt security with Time Out amounting to £6.8 million as at the year end (2023: £6.1 million). The terms of the debt are considered to be on a commercial basis.