NTA & Top 25 Investments as at 31 August 2022

MKTUPDTE

Mon, Sep 05 2022 08:30 am

Dear Sir/Madam

Monthly Net Tangible Asset Backing Per Share and Top 25 Investments

31 August 2022 - Ex Div
Before Tax $6.90
After Tax $5.85

31 July 2022 - Cum Div
Before Tax $7.07
After Tax $5.99

All amounts in $AUD.

The August 2022 figures are after the provision of the final dividend of 14 cents per share and the July 2022 figures are before the provision for the dividend.

* The before and after tax numbers relate to the provision for deferred tax on the unrealised gains in the Company’s investment portfolio. The Company is a long term investor and does not intend disposing of its total long term investment portfolio. Under current Accounting Standards, the Company is required to provide for tax
on any gains that may arise on such a theoretical disposal, after the utilisation of brought forward losses.

Attached is a list of the Company’s Top 25 Investments as at 31 August 2022.

Yours faithfully

Andrew Porter
Company Secretary

Release authorised by Company Secretary