23 Nov

Estimated NTA - Final Day of Buy-Back

ABN 89 008 108 227 Ironbark Capital Limited Suite 607, 180 Ocean Street, Edgecliff NSW 2027 Telephone (02) 8917 0399 Fax (02) 8917 0377 www.ironbarkcapital.com 23 November 2021 The Manager, ASX Market Announcements Australian Securities Exchange Limited, Sydney NSW 2000 Estimated NTA for Final Day of On-Market Buy-Back We advise shareholders that today, Tuesday 23 November 2021 is the final day of the on-market Buy-Back. The Buy-Back provides shareholders with the opportunity to sell at a price close to adjusted NTA. As disclosed in today’s Appendix 3E notice, the Company has to date bought back 6,556.630 of its shares. The estimated NTA excluding the net deferred tax asset at close of business on 22 November 2021 is $0.5295. Jill Brewster Company Secretary

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