Announcement

MKTUPDTE: MLN: MLN ex-div undiluted NAV as at 13/3/19 - $0.9646 01:59p.m. 
MLN  
15/03/2019 13:59  
MKTUPDTE  
NOT PRICE SENSITIVE  
REL: 1359 HRS Marlin Global Limited  
 
MKTUPDTE: MLN: MLN ex-div undiluted NAV as at 13/3/19 - $0.9646  
 
MLN undiluted NAV as at 13/3/19 - $0.9646 (after deducting 1.80cps dividend  
payable)  
 
Date 13/3/2019 12/3/2019  
MLN undiluted NAV* $0.9646 $0.9781  
Share price close $0.86 $0.88  
Discount 11% 10%  
 
The above undiluted net asset value (NAV) is unaudited and net of fees and  
tax.  
 
The NAV per share is after deducting an accrual for a 1.80 cents per share  
dividend to be paid on 28 March 2019. The NAV per share is also calculated  
after deducting treasury stock of 28,000 shares (acquired under the Marlin  
Global buyback programme).  
 
* The undiluted NAV excludes any impact on the NAV of the future exercise of  
warrants (MLNWC). At 13 March 2019, 29,684,140 warrants are on issue and may  
be exercised on 12 April 2019. The actual exercise price of each warrant is  
$0.83 less the dividends per share declared by the company between 2 May 2018  
and 12 April 2019. Dividends totalling 7.88 cents per share have been  
declared to date and there are no more dividends to be declared in the  
remaining period to 12 April 2019.  
 
The five largest portfolio holdings at 13 March 2019 are approximately as  
follows:  
 
Alphabet (US) 8%  
PayPal (US) 7%  
Alibaba Group (China) 5%  
Mastercard (US) 5%  
TJX Companies Inc (US) 5%  
 
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:00332031 For:MLN Type:MKTUPDTE Time:2019-03-15 13:59:39