Investor Presentaiton

NBPE Share Price Discount to NAV Based on the latest trading price of £13.55 as of 18 June 2021 and NBPE's 31 May 2021 NAV of $25.43, NBPE's trading discount was (26.5%) NBPE Share Price Discount to NAV Discount 0% -10% -20% -30% -40% -50% -60% -70% Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Note: as of 31 May 2021; share price data as of 18 June 2021. NBPE Discount Discount as of 18 June 2021 (26.5%) NEUBERGER BERMAN 18

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