Booster fund value increases by $454,000

Booster has reviewed the value of its investments in accordance with its valuation policy.

While the adjustments made to individual investments are not significant on their own, the cumulative impact of these adjustments is considered material.

The overall increase in the Fund's value is $454,000, representing a 2.7% increase in net asset value per unit.

This valuation adjustment will be reflected in the unit price on August 31, 2023.

The adjustments primarily reflect progress made by certain companies in achieving key milestones and growing their value.

Some businesses that have not fully met their expected progress towards their business plans have also been adjusted.

Booster has also announced an increase in the value of one of its businesses in the Booster Innovation Fund's investment portfolio, which is in advanced discussions for raising additional capital.

The transaction is still in progress, and no further valuation increase is warranted at this time.

There is potential for an additional increase in the Fund's value if the transaction completes as planned.

Investors should consider the impact of this announcement when assessing a fair price for transactions.

Any updates to the business's carrying value will be announced to the NZX.

Until further notice, there is no guarantee of the potential increase in the Fund's value.