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The Alnwick Garden Trust: Investor Update

August 14, 2020

Retail Charity Bonds PLC announces that the following statement has been published by The Alnwick Garden Trust (the “Charity”):

The Alnwick Garden reopened on the 1st July 2020 after a 99 day closure due to the Covid-19 virus. With stringent and well-researched safety practices we have seen an increasing number of visitors frequent The Garden. When the tourism accommodation opened up on the 4th of July we saw a sharp increase in visitor numbers. Since the beginning of August it has become obvious that visitor confidence continues to grow as numbers have been comparable to pre-Covid levels.

The Charity’s overheads have been reduced and costs are under strict control. In terms of liquidity, The Charity’s funds are growing and planning is underway to produce a series of exciting Halloween and Christmas Events.

The Lilidorei development is on track. The first batch of grant funding amounting to £1m was received and the project is currently at the contractor procurement phase.

For further information please visit www.alnwickgarden.com