PACIFIC CURRENT GROUP LIMITED — Capital/Financing Update 2018

Apr 25, 2018

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ASX ANNOUNCEMENT

26 April 2018

Funds Under Management as at 31 March 2018

Funds Under Management by Category

Boutique & Channel	31-Dec-17	Net	Other	FX Impact	31-Mar-18
Split (A$bn)	Closing FUM	Flows	(1)	(2)	Closing FUM
Core Boutiques
Retail	3.99	0.02	(0.20)	0.00	3.81
Institutional	37.89	1.31	(0.41)	0.56	39.35
	41.88	1.33	(0.61)	0.56	43.16
Growth Boutiques
Retail	1.40	0.68	0.02	0.03	2.13
Institutional	20.42	1.75	0.22	0.26	22.65
	21.82	2.42	0.24	0.29	24.78
Other Boutiques
Retail	0.80	0.07	0.00	0.01	0.88
Institutional	1.12	0.02	0.01	0.00	1.15
	1.92	0.09	0.01	0.01	2.03
Total FUM	65.62	3.84	(0.36)	0.86	69.97

(1) Includes investment performance, market movement and distributions.

(2) The Australian dollar weakened against US dollar during the quarter. The AUD/USD exchange rate was 0.7807 as at 31 December 2017 compared to 0.7689 as at 31 March 2018.

(3) All figures in this update are approximate, rounded and have not been audited.

(4) The opening Funds Under Management (FUM) as at 31 December 2017 excludes FUM for Goodhart Partners LLP. Pacific Current Group Limited (PAC) sold its interest in Goodhart on 1 February 2018.

HIGHLIGHTS

• Total FUM of A$69.9bn, up 6.6%, driven by A$3.8bn of net inflows;

• GQG continues to grow rapidly with net inflows of A$2.5bn for the quarter;

• Aperio once again led Core boutiques, with A$1.3bn of net inflows;

• The AUD weakened against USD during the quarter by 1.5%, positively impacting total closing FUM;

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Pacific Current Group Limited // ABN 39 006 708 792 // ASX:PAC // www.paccurrent.com

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Funds Under Management by Boutiques

(A$bn)	31-Dec-17	31-Mar-18
Core Boutiques
Aether	1.54	1.67
Aperio	30.50	31.90
RARE	5.85	5.63
Seizert	3.99	3.96
	41.88	43.16
Growth Boutiques
Blackcrane	1.04	1.06
ROC Partners	5.84	5.84
GQG	13.70	16.64
EAM	1.24	1.24
	21.82	24.78
Other Boutiques	1.92	2.03
Total FUM	65.62	69.97

Other Considerations

Note that the relationship between the boutiques’ FUM and the economic benefits received by PAC can vary dramatically based on each boutique’s fee levels, PAC’s ownership stakes, and the specific economic features of each relationship. Accordingly, management cautions against simple extrapolation based on FUM trends.

CONTACT

For Investor Enquiries:

Joseph Ferragina Chief Financial Officer and Chief Operating Officer +61 2 8243 0400

ABOUT PACIFIC CURRENT GROUP // www.paccurrent.com

Pacific Current Group Limited (ASX:PAC) is a multi-boutique asset management firm dedicated to providing exceptional value to shareholders, investors and partners. We apply our strategic resources, including capital, institutional distribution capabilities and operational expertise to help our partners excel. As of 31 March 2018, Pacific Current Group has investments in fourteen boutique asset managers globally.

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Pacific Current Group Limited // ABN 39 006 708 792 // ASX:PAC // www.paccurrent.com