ECP EMERGING GROWTH LIMITED — Net Asset Value 2020

Oct 5, 2020

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ECP EMERGING GROWTH LIMITED

6 October 2020

The Manager Company Announcements Office ASX Ltd, Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 2000

Dear Sir

Net Tangible Assets (NTA) per share & Top 5 Investments – 30 September 2020

The unaudited NTA backing per share of the Company at 30 September 2020 was as follows:

			Before	Before	After	After	After
			estimated tax	on	estimate	d tax on
			unrealised ga	ns	unrealise	d gains
	at 30 September 2020		160.3c		149.6c
	at 31 August 2020		162.7c		149.8c

The NTA figures shown above are before and after the provision for deferred tax on the unrealised gains in the Company’s investment portfolio. The Company is a long-term equity investor and does not intend to dispose of its total portfolio.

The top five investments of the Company at 30 September 2020 were as follows:

Name of Company	Percentage of Total Portfolio
HUB24 Ltd	7.17 %
Altium Limited	5.42 %
ResMed Inc	5.08 %
CorpTravel Limited	4.98 %
Magellan Fin GrpLimited	4.93 %
Total Top 5 Equity Investments	27.58 %

If you have any questions, please call the Company Secretary on 1800 352 474.

Yours sincerely

ECP EMERGING GROWTH LIMITED

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Authorised by Brian Jones Company Secretary

Redefining Active Investing ecpam.com/emerging

Suite 5 Level 3 343 George Street Sydney NSW 2000 Australia

Tel: 1800 352 474 Fax: +61 2 8651 6899

ABN: 30 167 689 821