Investor Presentaiton

Portfolio Activity - Active Listed Equity Positions MAD: gratifii ASX MPA . MAD PAWS HOLDINGS LIMITED • MPA is an Australian pet services marketplace. • MPA is experiencing a continued rebound post the easing of Covid-19 restrictions across Australia. • 2QFY22 operating revenue was up 199% to $2m and the company ended 1HFY22 with $8.9m cash on hand. The company also launched their "Home" category with the acquisition of Sash Beds and MPA's Dinner Bowl won Australia's Dog Food of the Year Award on ProductReview.com. (Mike Hill, Non-Executive Director) . ASX • BEX BIKEEXCHANGE LIMITED • BEX, the world's largest global cycling marketplace • In December 2021, BEX announced the acquisition of Kitzuma, a US based "ready to ride" bike delivery and logistics company for a total consideration of A$4.75M. • Since the announcement, BEX's share has increased, reflecting the market's confidence in BEX's strategy and its ability to generate growth. (Bryan Zekulich, Non-Executive Director) ASX - GTI GRATIFII LIMITED • GTI is an enterprise loyalty and rewards company that allows brands to track and collect customer interactions across multiple touch points. • GTI continued to announce new partnerships in the December 2021 quarter. • The company revised its Q2 FY22 client revenue guidance up 37% to $2.9m, which is an increase of 5% vs pcp. This brings GTI's client revenue to ~$65m. (Mike Hill and Bryan Zekulich, both Non-Executive Director) 12

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