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GLOBAL MASTERS FUND LIMITED Net Asset Value 2021

Aug 4, 2021

64981_rns_2021-08-04_60630446-f47e-4404-99c6-dfebf21ba4fb.pdf

Net Asset Value

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5 August 2021

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

Dear Sir

Net Tangible Asset (NTA) backing per share at 31 July 2021

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

Before After
estimated tax on estimated tax on
unrealisedgains unrealisedgains
at 31 July2021 310.5 c 258.7 c
at 30 June 2021 301.7 c 252.6 c

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 summary of investments of the Company at 30 July 2021 were as follows:

Name of Company Percentage of Total Portfolio
Berkshire Hathaway (NYSE) (BRK) 63.40 %
FlagshipInvestments Limited(ASX) (FSI) 8.11 %
BIP BCI Worldwide Flexible Fund Class B 4.76 %
UK Managed Portfolio(LSE) 21.17 %
Unlisted Unit Trusts 1.59 %
Cash 0.97 %
Total 100.00 %

For further information please call the Company Secretary on 1800 352 474.

Yours faithfully,

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Scott Barrett

Company Secretary GLOBAL MASTERS FUND LIMITED

Authorised for release by the Board.

Global Masters Fund Limited ABN 84 109 047 618

Tel: +61 1800 352 474 Fax: +61 7 5574 1457 Email: [email protected] www.globalmastersfund.com.au

C/- EC Pohl & Co Pty Ltd Level 12 Corporate Centre One 2 Corporate Court Bundall Qld 4217 Australia