THORNEY TECHNOLOGIES LTD — Net Asset Value 2020

May 5, 2020

Thorney Technologies Ltd

ABN 66 096 782 188

ASX Announcement Date: 6 May 2020 ASX Code: TEK

NET TANGIBLE ASSET BACKING ANNOUNCEMENT – April 2020

In accordance with ASX Listing rule 4.12 we advise the
following:

Net Tangible Asset backing per share (NTA)¹

Current month	Before Tax	After Tax
30 April 2020²	26.4 cents	29.4 cents
Previous month	Before Tax	After Tax
31 March 2020²	23.1 cents	26.1 cents

¹ All figures are unaudited and approximate.

² TEK directors recognise the challenge of trying to determine what
effect the COVID-19 pandemic will have on the fair values of the TEK
unlisted portfolio.  While we continue to assess each unlisted
investee company in light of the situation, an impairment provision of
the unlisted portfolio has been made.

Please direct enquiries to:

Craig Smith
Company Secretary
T: + 61 3 9921 7116

E: craig.smith@thorney.com.au
W: http://www.thorneytechnologies.com.au/

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100