L1 LONG SHORT FUND LIMITED — Net Asset Value 2023

Jun 27, 2023

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L1 Long Short Fund Limited

28 June 2023

ASX Market Announcements Australia Securities Exchange

Net Tangible Assets (NTA) backing per share for the L1 Long Short Fund Limited as at 23 June were:

NET TANGIBLE ASSET BACKING PER ORDINARY SHARE1	NET TANGIBLE ASSET BACKING PER ORDINARY SHARE1
NTA before tax2	$2.9533
NTA after tax	$2.9051

This announcement has been authorised for release by the Company Secretary.

1 All figures are unaudited and approximate.

2 The NTA before tax is calculated before the provision for deferred tax on unrealised gains and losses on the investment portfolio. The NTA after tax is calculated after all taxes.

L1 Long Short Fund Limited ACN 623 418 539 Level 45, 101 Collins Street, Melbourne, Victoria 3000 Tel (03) 9286 7000 Fax (03) 9286 7099 www.L1longshort.com