CD PRIVATE EQUITY FUND II — Fund Information / Factsheet 2021

Mar 11, 2021

Monthly update – February 2021

CD Private Equity Fund II

ASX release date: 12 March 2021

==> picture [457 x 52] intentionally omitted <==

----- 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:$1.84 $106.3 20 cents (13%) 103 cents (64%) -0.5% 8.9%----- End of picture text -----

Fund update

The estimated unaudited net tangible asset value (NTA) after tax as at 28 February 2021 was $1.84[1,3] per unit (31 January 2021 was $1.85[1] per unit).

As announced 29 January 2021, the Fund paid a distribution of 8 cents per unit to unitholders on 19 February 2021.

CD2 Fund performance

==> picture [456 x 39] intentionally omitted <==

----- 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] -0.5% -6.3% 0.5% -14.5% 8.6% 5.1% 8.9%----- End of picture text -----

On an NTA/Internal Rate of Return (IRR) basis CD2 has achieved a return of 10% per annum since inception.

CD2 portfolio asset allocation

LP commitments to underlying managers (US$98.0m)

==> picture [443 x 154] intentionally omitted <==

----- Start of picture text ----- Distribution Blue PointUS SelectTechnologySoftware & 4.7% 9.5% 22.5% Business Services Direct $15.0 $5.0 $7.5 CPF DFW$5.0Trive$10.0 High Road$7.5Healthcare 22.7%14.1% Manufacturing Tower Arch $8.0 $7.5 Main Post$6.52.0% $10.0 NMSTelecommunications 24.5% Tengram $8.0 $8.0RFEConsumer & Retail Staple Street----- 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 II (Fund or CD2). 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 $1.92 per unit (31 January 2021 was $1.94). Numbers may not add due to rounding.

Level 15, 100 Pacific Highway North Sydney NSW 2060 T 1300 454 801 F 1300 883 159 E info@cdfunds.com.au

cdfunds.com.au ARSN 162 057 089