Announcement

MKTUPDTE: MLN: MLN undiluted ex-div NAV as at 9/6/21 - $1.2286 11:58am 
MLN
11/06/2021 11:58
MKTUPDTE
NOT PRICE SENSITIVE
REL: 1158 HRS Marlin Global Limited

MKTUPDTE: MLN: MLN undiluted ex-div NAV as at 9/6/21 - $1.2286

MLN undiluted NAV as at 9/6/21 - $1.2286 (after deducting 2.37cps dividend
payable)

Date 9/6/2021 8/6/2021
MLN undiluted NAV $1.2286 $1.2541
Share price close $1.50 $1.49
(Premium) (22%) (19%)

The above net asset value (NAV) is unaudited and net of fees and tax.

The NAV per share is after deducting an accrual for a 2.37 cents per share
dividend to be paid on 25 June 2021. The NAV per share is also calculated
after deducting treasury stock (shares acquired under the Marlin Global
buyback programme) - currently nil. A performance fee payable to the Manager
is currently being accrued in the NAV calculation.

* The undiluted NAV excludes any impact on the NAV of the future exercise of
warrants (MLNWE). At 9 June 2021, 47,256,870 warrants are on issue and may be
exercised on 20 May 2022. The actual exercise price of each warrant is $1.28
less the dividends per share declared by the company with a record date
between 17 May 2021 and the announcement of the 20 May 2022 exercise price.
Dividends totalling 2.37 cents per share have been declared to date and there
are three more dividends expected to be declared in the remaining period up
to the announcement of the 20 May 2022 exercise price.

The five largest portfolio holdings at 9 June 2021 are approximately as
follows:

Facebook 11%
Alphabet 7%
Alibaba Group 7%
Signature Bank 6%
Tencent 6%

BACKGROUND
Marlin Global is a listed investment company that invests in growing
companies based outside of New Zealand and Australia. The Marlin portfolio is
managed by Fisher Funds, a specialist investment manager with a track record
of successfully investing in growth company shares. The aim of Marlin is to
offer investors competitive returns through capital growth and dividends, and
access to a diversified portfolio of investments through a single,
tax-efficient investment vehicle. Marlin listed on the NZX Main Board on 1
November 2007 and may invest in companies that are listed on any approved
stock exchange (excluding New Zealand or Australia) or unlisted companies not
incorporated in New Zealand or Australia.

Contact
Corporate Manager
Marlin Global Limited
Tel +64 9 4840352
End CA:00373776 For:MLN Type:MKTUPDTE Time:2021-06-11 11:58:33

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