Marlin Global Limited — Net Asset Value 2017

Mar 17, 2017

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Marlin Global Limited Phone +64 9 484 0365 Fax +64 9 489 7139 Private Bag 93502 Takapuna , Auckland

MLN NAV as at 15/3/17 - $0.8608 (after deducting 1.66cps dividend payable)

Date	15/3/2017	14/3/2017
MLN NAV	$0.8608	$0.8756
Share price close	$0.77	$0.80
Discount	11%	9%

The above net asset value (NAV) is unaudited and net of fees and tax.

The NAV per share is after deducting an accrual for a 1.66 cents per share dividend to be paid on 31 March 2017. The NAV per share is also calculated after deducting treasury stock (shares acquired under the Marlin Global buyback programme) - currently nil. A performance fee payable to the Manager, is currently being accrued in the NAV.

The five largest portfolio holdings at 15 March 2017 are approximately as follows:

Alphabet (US)	6%
PayPal (US)	5%
Mastercard (US)	5%
Alibaba Group (US)	4%
Expedia (US)	4%

BACKGROUND

Marlin Global is a listed investment company that invests in growing companies based outside of New Zealand and Australia. The Marlin portfolio is managed by Fisher Funds, a specialist investment manager with a track record of successfully investing in growth company shares. The aim of Marlin is to offer investors competitive returns through capital growth and dividends, and access to a diversified portfolio of investments through a single, tax-efficient investment vehicle. Marlin listed on the NZX Main Board on 1 November 2007 and may invest in companies that are listed on any approved stock exchange (excluding New Zealand or Australia) or unlisted companies not incorporated in New Zealand or Australia.

For further information please contact Marlin Global Limited, ph (09) 484 0365.