Unaudited NTA per share

November 2021

Kaizen Global Investments Limited ("KGI") advises that the unaudited pre-tax Net Tangible Asset (NTA) backing per share of the company as at 30 November 2021 is $1.3210 and on a post-tax basis is $1.2300.

On 3 December 2021, KGI completed the sale of its private business. This resulted in an estimated increase in per share value (relative to the book value of the business on the balance sheet) of approximately $0.27 (before tax and other expenses). Please note that this increase is not reflected in the November NTA but will be in the December NTA.

All holding enquiries should be directed to our share registry, Boardroom on 1300 737 760.

Lisa Grindlay

Company Secretary

Kaizen Global Investments Limited ACN 602 033 670 Suite 115, 377 Kent Street Sydney NSW 2000

Contact Tel: + 61 0(2) 7903 0007 info@kaizenglobalinvestments.com www.kaizenglobalinvestments.com

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Kaizen Global Investments Ltd. published this content on 16 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2021 22:28:15 UTC.