MLN undiluted NAV as at 18/8/26 - $0.8326

MLN undiluted NAV as at 18/8/26 - $0.8326
Date18/8/202611/8/2026
MLN undiluted NAV$0.8326$0.8547
Share price close$0.7500$0.7140
Discount10%16%
The five largest portfolio holdings at 18 August 2026 are approximately as follows:
Microsoft9%
Amazon7%
Mastercard6%
Nvidia Corp.5%
Meta Platforms5%
BACKGROUND
Contact
Corporate Manager
Marlin Global Limited
Tel +64 9 4840352
The NAV per share is calculated after deducting treasury stock of 710,343 shares (acquired under the Marlin Global
buyback programme). A performance fee payable to the Manager is currently being accrued in the NAV calculation.
MarlinGlobalisalistedinvestmentcompanythatinvestsingrowingcompaniesbasedoutsideofNewZealandand
Australia.TheMarlinportfolioismanagedbyFisherFunds,aspecialistinvestmentmanagerwithatrackrecordof
successfullyinvestingingrowthcompanyshares.TheaimofMarlinistoofferinvestorscompetitivereturnsthrough
capitalgrowthanddividends,andaccesstoadiversifiedportfolioofinvestmentsthroughasingle,tax-efficient
investmentvehicle.MarlinlistedontheNZXMainBoardon1November2007andmayinvestincompaniesthatare
listedonanyapprovedstockexchange(excludingNewZealandorAustralia)orunlistedcompaniesnotincorporated
in New Zealand or Australia.
The above net asset value (NAV) is unaudited and net of fees and tax.
* The undiluted NAV excludes any impact on the NAV of the future exercise of warrants (MLNWH). At 18 August
2026, 57,341,670 warrants are on issue and may be exercised on 23 April 2027. The actual exercise price of each
warrant is $0.87 less the dividends per share declared by the company with a record date between 23 April 2026 and
the announcement of the 23 April 2027 exercise price. Dividends totalling 1.70 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 23 April 2027 exercise price.
Marlin Global Limited
Phone +64 9 484 0365
Private Bag 93502
Takapuna , Auckland