CD PRIVATE EQUITY FUND I — Net Asset Value 2021

Jul 13, 2021

Monthly update – June 2021

CD Private Equity Fund I

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NTA Gross assets Distributions per unit One month Annualised performance since
per unit (millions) (percentage of initial investment) performance [1,2] inception (August 2012) [1,2]
Last 12 months: Since inception:
$1.26 $50.1 54 cents (34%) 220.5 cents (138%) 1.2% 12.5%
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Fund update

The estimated unaudited net tangible asset value (NTA) after tax as at 30 June 2021 was $1.26[1,3] per unit (31 May 2021 was $1.64[1] per unit).

The net asset value movement for June was as a result of payment of a 40 cent per unit distribution (declared: 11 June 2021, payment date: 29 June 2021), partially offset by the positive impact from the weakening Australian dollar (+3.1%).

CD1 Fund performance

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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] 1.2% -0.6% 17.8% 23.4% 16.7% 14.4% 12.5%
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On an NTA/Internal Rate of Return (IRR) basis CD1 has achieved a return of 11.9% per annum since inception.

CD1 portfolio asset allocation

LP commitments to underlying managers (US$69.8m)

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Distribution US Select DFW
Software & Direct
Technology 9.4% Business $5.0
4.0% Services $13.0 Encore
24.3%
$10.0
Healthcare
10.8%
$4.0 FPC
Telecomm- Trivest $10.0
4.6%
unications
10.8% Manufacturing
$10.0
$4.8
Incline
$3.0 Prometheus $3.0
36.2% $10.0
Peppertree
Consumer & Retail KarpReilly
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ASX release date: 14 July 2021

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 30 June 2021 of $1.28 per unit (31 May 2021 was $1.65). *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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