MORPHIC ETHICAL EQUITIES FUND LIMITED — Net Asset Value 2020

Jan 19, 2020

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20 January 2020

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

The unaudited Net Tangible Asset per share (NTA) and closing share price of Morphic Ethical Equities Fund Limited as at 16 January 2020 is noted below.

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----- Start of picture text ----- Dollars per shareNTA Pre-tax 1.2106NTA Post-tax 1.1697Share price 0.97----- End of picture text -----

Please contact MEC’s Investor Relations team on 02 9021 7797, if you require more information about this announcement.

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Level 11, 179 Elizabeth Street, Sydney NSW 2000

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