ECP EMERGING GROWTH LIMITED — Net Asset Value 2021

Aug 3, 2021

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ECP EMERGING GROWTH LIMITED

4 August 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 – 31 July 2021

The unaudited NTA backing per share of the Company at 31 July 2021 was as follows:

	Beforeestimated tax onunrealised gains	Afterestimated tax onunrealised gains
at 31 July2021	174.7c	165.0c
at 30 June 2021	177.5c	166.6c

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 31 July 2021 were as follows:

Name of Company	Percentage of Total Portfolio
Magellan Financial GroupLimited	7.56 %
HUB24 Limited	6.46 %
Lovisa Holdings Limited	6.17 %
PWR Holdings Limited	5.68 %
Pendal GroupLimited	5.13 %
Total Top 5 Equity Investments	31.00 %

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