MORPHIC ETHICAL EQUITIES FUND LIMITED — Net Asset Value 2019

Jul 14, 2019

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----- Start of picture text ----- A S X : M E C 15 July 2019----- End of picture text -----

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

Morphic Ethical Equities Fund Limited (MEC) released a Net Tangible Asset per share (NTA) announcement earlier today which incorrectly noted the amounts as at 11 June 2019 instead of 11 July 2019. The amounts were correct and are shown below:

Dollars per share

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----- Start of picture text ----- . NTA Pre-tax 1.1401NTA Post-tax 1.1195Share price 0.87----- End of picture text -----

Please contact Irene Kardasis at ikardasis@morphicasset.com or 02 9021 7726, if you require more information about this announcement.

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