CD PRIVATE EQUITY FUND I — Fund Information / Factsheet 2021

Mar 11, 2021

Monthly update – February 2021

CD Private Equity Fund I

ASX release date: 12 March 2021

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----- Start of picture text ----- NTA Gross assets Distributions per unit One month Annualised performance sinceper unit (millions) (and percentage of inital investment) performance [1,2] inception (August 2012) [1,2]Last 12 months: Since inception:$1.40 $54.9 54 cents (34%) 181 cents (113%) -0.6% 10.8%----- End of picture text -----

Fund update

The estimated unaudited net tangible asset value (NTA) after tax as at 28 February 2021 was $1.40[1,3] per unit (31 January 2021 was $1.41[1] per unit).

As announced 29 January 2021, the Fund paid a distribution of 14 cents per unit to unitholders on 19 February 2021.

CD1 Fund performance

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----- Start of picture text ----- 1 Month 3 Months 6 Months 1 Year 3 Years p.a. 5 Years p.a. Since inception p.a. [3]NTA return [1,2] -0.6% -4.9% 12.4% -4.4% 15.0% 9.9% 10.8%----- End of picture text -----

On an NTA/Internal Rate of Return (IRR) basis CD1 has achieved a return of 11.1% per annum since inception.

CD1 portfolio asset allocation

LP commitments to underlying managers (US$69.8m)

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----- Start of picture text ----- Distribution US Select DFWSoftware & DirectTechnology 9.4% Business $5.04.0% Services $13.0 Encore24.3%$10.0Healthcare10.8%$4.0 FPCTelecomm- Trivest $10.04.6%unications10.8% Manufacturing$10.0$4.8Incline$3.0 Prometheus* $3.036.2% $10.0PeppertreeConsumer & Retail KarpReilly----- End of picture text -----

Notes: Authorised for release by E&P Investments Limited (ACN 152 367 649, AFSL 410 433), the responsible entity of CD Private Equity Fund I (Fund or CD1). 1. Source: E&P Investments Limited – the historical performance is not a guarantee of the future performance of the Fund; 2. Total returns are inclusive of distributions. NTA return is based on post tax NTA; 3. Based on estimated unaudited net tangible asset value before tax at 28 February 2021 of $1.40 per unit (31 January 2021 was $1.42). *The LP received a final distribution from Prometheus Partners IV. L.P. on 30 September 2016 and has no remaining capital with this fund. Numbers may not add due to rounding.

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