MORPHIC ETHICAL EQUITIES FUND LIMITED — Net Asset Value 2018

Apr 3, 2018

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4 April 2018

A S X : M E C

Market Announcements Platform Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

The unaudited NTA per share of Morphic Ethical Equities Fund Limited as at 29 March 2018 is noted below.

Dollars per share

Net tangible asset value before tax 1.1613 Provision for tax (0.0173) Net tangible asset value after tax 1.1439

Morphic Ethical Equities Fund Limited Level 3, 139 Macquarie Street ABN 52 617 345 123 Sydney NSW 2000 www.morphicasset.com Managed by Morphic Asset Management Pty Ltd ABN 33 155 937 901 +61 2 9194 6707 AFSL #419916 ikardasis@morphicasset.com

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