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ECP EMERGING GROWTH LIMITED Net Asset Value 2021

Dec 1, 2021

64817_rns_2021-12-01_f6388461-e8c9-4954-9967-1ae08630dde7.pdf

Net Asset Value

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ECP EMERGING GROWTH LIMITED

2 December 2021

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 November 2021

The unaudited NTA backing per share of the Company at 30 November 2021 was as follows:

Beforeestimated tax onunrealised gains Afterestimated tax onunrealised gains
at 30 November 2021 185.0c 175.1c
at 31 October 2021 190.5c 178.3c

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 November 2021 were as follows:

Name of Company Percentage of Total Portfolio
GQG Partners 7.8 %
Megaport Limited 7.0 %
HUB24 Limited 6.6 %
PWR Holdings Limited 6.5 %
Lovisa Holdings Limited 6.0 %
Total Top 5 Equity Investments 33.9 %

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

Yours sincerely

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Scott Barrett

Company Secretary

ECP EMERGING GROWTH LIMITED

Authorised for release by the Board.

Redefining Active Investing Suite 5 Level 3 343 George Street ecpam.com/emerging Sydney NSW 2000 Australia

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

ABN: 30 167 689 821