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CD PRIVATE EQUITY FUND I Net Asset Value 2022

Aug 11, 2022

64626_rns_2022-08-11_57461ace-3d24-4287-8cc5-998a127ec381.pdf

Net Asset Value

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Monthly update – July 2022

CD Private Equity Fund I

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----- Start of picture text ----- NTA Gross assets Distributions per unit One month Annualised performance sinceper unit (millions) (percentage of initial investment) performance [1,2] inception (August 2012) [1,2]Last 12 months: Since inception: 244$1.44 $54.00 23.5 cents (15%) cents (153%) -0.7% 14.4%----- End of picture text -----

Fund update

The estimated unaudited net tangible asset value (NTA) after tax as at 31 July 2022 was $1.44[1,3] per unit (30 June 2022 was $1.45[1] per unit).

Net asset value movements for July were primarily a result of foreign exchange losses due to the appreciating Australian dollar (which detracted approximately 1.2%).

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] -0.7% 1.4% 5.9% 30.2% 18.3% 20.9% 14.4%----- End of picture text -----

On an NTA/Internal Rate of Return (IRR) basis CD1 has achieved a return of 12.7% 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 DFW*Software & Business EncoreTechnology 9.4% Services $5.0$10.04.0% US Select24.3% FPCHealthcare Direct10.8% $13.0 $4.0$10.0 Incline10.8%Manufacturing $10.0Trivest4.6%36.2% $4.8 $10.0Telecommunications $3.0KarpReillyConsumer & Retail Prometheus*Peppertree----- End of picture text -----

cdfunds.com.au ARSN 158 625 284

T 1300 454 801 F 1300 883 159 E [email protected]