Marlin pays performance fee

27 July 2018


Marlin pays performance fee


Marlin Global Limited (Marlin) has paid a performance fee to the Manager, Fisher Funds
Management Limited (Fisher Funds) for the year ended 30 June 2018. The performance fee is paid in
accordance with the terms of the Management Agreement between Marlin and Fisher Funds. The
performance fee paid to Fisher Funds was $2,672,840 plus GST.

Marlin’s Manager, Fisher Funds, is eligible for a performance fee because the Marlin portfolio
achieved a return over and above the performance fee hurdle return for the year to 30 June 2018
(being the change in the NZ 90 Day Bank Bill Index plus 5% and the High Water Mark (the highest net
asset value at the end of the previous financial year in which a performance fee was paid, adjusted
for changes in capital)).

In accordance with the Management Agreement, Fisher Funds will use 25% of the performance fee
to acquire shares in Marlin on-market within 90 days.

The performance fee has been accrued in Marlin’s net asset value per share which is announced to
NZX each week and at month end.

Ends
Jody Kaye
Corporate Manager
Marlin Global Limited
Tel +64 484 0365
Marlin Global Limited
Phone +64 9 484 0365
Fax +64 9 489 7139
Private Bag 93502, Takapuna
Auckland