MLN undiluted NAV as at 5/5/26 - $0.8328

07/05/2026 14:01 NZST, MKTUPDTE

MLN undiluted NAV as at 5/5/26 - $0.8328

Date 5/5/2026 30/4/2026

MLN undiluted NAV $0.8328 $0.8388

Share price close $0.8430 $0.8430

(Premium) (1%) (1%)

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 undiluted NAV excludes any impact on the NAV of the future exercise of warrants (MLNWH). At 5 May 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.

The five largest portfolio holdings at 5 May 2026 are approximately as follows:

Amazon 7%

Microsoft 7%

Meta Platforms 5%

Mastercard 5%

Tencent 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