CD PRIVATE EQUITY FUND I — Net Asset Value 2024

May 13, 2024

14 May 2024

CD PRIVATE EQUITY FUND I: ASX: CD1

NET TANGIBLE ASSET UPDATE – 30 APRIL 2024

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----- Start of picture text ----- Gross assets Distributions Distributions 5 year NTANTA per unit Fund Inception(million) Last 12 months Since Inception return$1.04 $38.0 $0.16 per unit $2.82 per unit August 2012 11.8% p.a.----- End of picture text -----

The estimated unaudited net tangible asset value (NTA) after tax as at 30 April 2024 was $1.04[1,3] per unit (31 March 2024 was $1.05[1,3] per unit).

The net asset value movement recorded during the month is primarily a result of negative movements in the value of the underlying investments, which were partially offset by foreign exchange movements with the Australian dollar falling by 0.74%.

PERFORMANCE SUMMARY

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----- Start of picture text ----- 1 month 6 months 1 year 3 years p.a. 5 years p.a. Since Inception p.a.NTA Return [1,2]-1.0% -1.6% 1.2% 11.9% 11.8% 12.0%----- End of picture text -----

On an NTA/Internal Rate of Return (IRR) basis, CD1 has achieved a return of 12.0% per annum since inception.

MONTHLY FUND UPDATE

During the month, the LP received one distribution for US$0.1 million which was primarily escrowed proceeds from earlier realisations. The distribution was partially offset by a capital call for US$0.01 million which was for partnership expenses.

The Fund is in the process of finalising its 31 March 2024 full-year financial report, with release expected by the end of May 2024. Accordingly, this 30 April 2024 NTA is unaudited and does not take into account any adjustments that may come as a result of this process.

As always, we encourage Unitholders to reach out to the team via email at cdfunds@k2am.com.au, or by calling +61 3 9691 6110 with any questions.

Authorised for release by K2 Asset Management Ltd (K2) (ACN 085 445 094, AFSL 244 393), the responsible entity of CD Private Equity Fund I (Fund or CD1). Notes: AUD:USD spot rate of 0.6473 as at 30 April 2024. Numbers may not sum due to rounding.

1. Source: E&P Investments Limited (for data before 24 June 2023) and K2 Asset Management Ltd (for data post 24 June 2023). The historical performance is not a guarantee of the future performance of the Fund;

1. Total returns are inclusive of distributions and based on post tax NTA;

1. Estimated unaudited net tangible asset value before tax at 30 April 2024 of $1.04 per unit (31 March 2024 was $1.04).

Email: cdfunds@k2am.com.au | Phone: +61 3 9691 6110 | Web: www.cdfunds.com.au Level 44, 101 Collins Street Melbourne VIC 3000

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