ASSOCIATE GLOBAL PARTNERS LIMITED — Capital/Financing Update 2021

Dec 29, 2021

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Thursday, 30 December 2021

The Manager ASX Market Announcements Australian Securities Exchange Limited

By electronic lodgement

Dear Sir/Madam

Update on Strategic Initiatives

The Board of Contango Asset Management Limited (“ Contango ” or the “ Company ”) ( ASX: CGA ) wishes to provide an update in relation to the Company’s previously stated strategic priorities of partnering with best of breed investment managers and launching new products that capture investor interest.

The two initiatives that Contango is pleased to outline below are in the alternative asset and private equity asset classes and build on Contango’s success in distributing global equities products managed by WCM Investment Management (“ WCM ”) to retail and wholesale investors. Since partnering with Contango in June 2017, WCM now has $1.183 Billion in retail and wholesale funds under management in Australia.

Alternative Assets

Contango advises that it has partnered with a new Australian domiciled boutique investment manager (the “ Manager ”) to be established in the alternative asset class.

The Board believes that the partnership will provide the Company with an opportunity to leverage its investor platform to grow funds under management through accessing a private market strategy with significant investor appeal

The partnership involves launching a wholesale managed fund and distributing the Manager’s strategies to wholesale and institutional clients.

Further details of the new partnership are expected to be released in the first quarter of calendar 2022.

Private Equity

Contango has recently engaged with Vantage Asset Management (“ Vantage ”) to promote the Vantage Private Equity Growth Fund 5 (“ VPEG5 ”) for a limited period through the Company’s direct wholesale investor platform.

Vantage is a leading provider of innovative and well-structured private equity investment opportunities for sophisticated investors. VPEG5 is a ‘fund of funds’ and was established to provide access to some of the top-performing later expansion and buyout private equity funds in Australia.

This distribution initiative will result in additional revenues to the Company, including approximately $160,000 in the current financial year.

Contango Asset Management Limited ABN 56 080 277 998 Level 6, 10 Spring Street Sydney NSW 2000

Contango Funds Management Limited T 1300 001 750 ABN 52 085 487 421 W contango.com.au Level 6, 10 Spring Street Sydney NSW 2000 E invest@contango.com.au

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Yours faithfully,

Marty Switzer CEO and Managing Director Contango Asset Management M: 0407 297 702

This announcement was approved for release, by the Board of CGA.

Contango Asset Management Limited ABN 56 080 277 998 Level 6, 10 Spring Street Sydney NSW 2000

Contango Funds Management Limited T 1300 001 750 ABN 52 085 487 421 W contango.com.au Level 6, 10 Spring Street Sydney NSW 2000 E invest@contango.com.au