ECP EMERGING GROWTH LIMITED — Net Asset Value 2021

Jul 1, 2021

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ECP EMERGING GROWTH LIMITED

2 July 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 June 2021

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

	Beforeestimated tax onunrealised gains	Afterestimated tax onunrealised gains
at 30 June 2021	177.5c	166.6c
at 31 May2021	168.3c	159.9c

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.

At the close of the financial year NTA before tax on unrealised gains increased by 29.7% from 30 June 2020, this is after paying dividends of 4.25 cents per share during the year. Further information about the ECP FY2021 result will be available in our Quarterly Report published later in July and the Annual Report which will be published in September.

The top five investments of the Company at 30 June 2021 were as follows:

Name of Company	Percentage of Total Portfolio
Magellan Financial GroupLimited	8.22 %
HUB24 Limited	6.62 %
Lovisa Holdings Limited	5.89 %
Altium Limited	5.51 %
PWR Holdings Limited	5.42 %
Total Top 5 Equity Investments	31.66 %

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 ABN: 30 167 689 821 Fax: +61 2 8651 6899