Please see below issued by the Services Provider today with a Portfolio Update as at 30 September 2024:

Dear Shareholder

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

Portfolio Update as at 30 September 2024

At the reporting date of 30 September 2024, the Fund held 22 life insurance policies with a total net death benefit of USD 77.6 million. The average policy size (net death benefit) was approximately USD 3.53 million. The portfolio covered 15 illnesses, 16 lives and 12 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 92.9 years.

Despite the age distribution, none of the policies have an expiry date set before 2027 or before their expected date of maturity. On a discretionary basis, a decision can still be made for a policy to lapse if keeping it active is expected to negatively impact the future performance of the Fund.

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 9 reported maturities with a total net death benefit of USD 25.7 million.

The portfolio NAV increased slightly over the last quarter following the positive NAV impact of the reported maturity, which was offset by the payment of insurance premiums and an increase in average life expectancy during the same period.

The effects of GBP/USD movements over the quarter were on average around -4.58%.

As a result, during the period the overall NAV per Share of the Cells decreased: GBP New Continuing Cell: -6.06% and GBP New Run-Off Cell: -4.39%.

Yours faithfully,

Martyn Roussel Director EPIC Investment Partners (Guernsey) Limited