MLN NAV as at 31/10/25 - $0.9592

04/11/2025 10:58 NZDT, MKTUPDTE

MLN NAV as at 31/10/25 - $0.9592

Date 31/10/2025 28/10/2025

MLN NAV $0.9592 $0.9772

Share price close $0.9500 $0.9500

Discount 1% 3%

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

The NAV per share is calculated after deducting treasury stock (shares acquired under the Marlin Global buyback programme) - currently nil.

The five largest portfolio holdings at 31 October 2025 are approximately as follows:

Amazon 8%

Microsoft 7%

Mastercard 6%

Intuitive Surgical 6%

Danaher Corp. 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