MORPHIC ETHICAL EQUITIES FUND LIMITED — Capital/Financing Update 2018

Dec 5, 2018

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Morphic Ethical Equities Fund Limited ACN 617 345 123 Level 3, 139 Macquarie St Sydney NSW 2000

6 December 2018

Market Announcement - Cleansing Notice in accordance with ASIC Class Order [CO 09/425]

Notice:

As announced on 5 December 2018 Morphic Ethical Equities Fund Limited (ASX: MEC) will offer a Share Purchase Plan (SPP) under which eligible shareholders will have the opportunity to purchase a parcel of shares up to the value of $15,000.

The SPP will be offered in accordance with ASIC Class Order (CO 09/425). It is a condition of that Class Order that MEC gives ASX this notice before the SPP offer is made.

The SPP will open (and the SPP offer will be made) when the SPP offer booklet is released to the ASX later today.

Accordingly, MEC gives the ASX (as the relevant market operator) notice that:

1. MEC will make offers to issue shares under a Share Purchase Plan without disclosure to investors under Part 6D.2 of the Corporations Act 2001(Cth);

2. This notice is given in accordance ASIC Class Order (CO 09/425);

3. As at the date of this notice, MEC has complied with:

   • a. the provisions of Chapter 2M of the Corporations Act 2001 (Cth) as they apply to it;

   • b. Section 674 of the Corporations Act 2001 (Cth); and

4. As at the date of this notice, there is no excluded information (as defined in subsections 708A(7) and 708A(8) of the Corporations Act 2001 (Cth)).

Ends.

Morphic Ethical Equities Fund Ltd, Level 3, 139 Macquarie St, Sydney, NSW 2000, Australia