Please see below issued by the Services Provider today with a Portfolio Update as at 31 December 2024:

Dear Shareholder

EEA Life Settlements Fund PCC Limited (the “Fund”)

Portfolio Update as at 31 December 2024

At the reporting date of 31 December 2024, the Fund held 20 life insurance policies with a total net death benefit of USD 66.9 million. The average policy size (net death benefit) was approximately USD 3.34 million. The portfolio covered 13 illnesses, 14 lives and 11 insurance companies. Based upon weighted net death benefit, 96% of the portfolio was represented by insureds who were aged 80 or over, with an overall weighted average age of 92.3 years.\

None of the policies have an expiry date set before 2027 or before their expected date of maturity. On a discretionary basis, a policy can be lapsed if keeping it active is expected to negatively impact the future performance of the Fund. This happened to one policy during the quarter.

At the start of 2024, the Fund’s independent valuation agent, Maple Life Analytics, projected portfolio maturities for the year of USD 23.9 million (with a range of between USD 0.9 million and USD 55.9 million). In 2024, there were 10 reported maturities with a total net death benefit of USD 35.7 million.

The portfolio NAV increased over the last quarter following the positive NAV impact of the reported maturity and policy lapse decision.

The effects of GBP/USD movements over the quarter were on average around 5.69%. As a result, during the period the overall NAV per Share of the Cells increased: GBP New Continuing Cell: 9.54% and GBP New Run-Off Cell: 11.58%.

Yours faithfully,

Martyn Roussel
Director
EPIC Investment Partners (Guernsey) Limited