Net Tangible Asset Backing
L1 Long Short Fund Limited ACN 623 418 539 Level 28, 101 Collins Street, Melbourne, Victoria 3000 Tel (03) 9286 7000 Fax (03) 9286 7099 www.L1longshort.com 23 November 2021 The Manager ASX Market Announcements Australia Securities Exchange Exchange Centre Level 6, 20 Bridge Street Sydney NSW 2000 Net Tangible Assets (NTA) backing per share for the L1 Long Short Fund Limited as at 18 November were: NET TANGIBLE ASSET BACKING PER ORDINARY SHARE 1 NTA before tax 2 $ 3. 0404 NTA after tax $ 2. 8096 Yours sincerely Mark Licciardo Company Secretary 1 All figures are unaudited and approximate. 2 The NTA before tax is calculated before the provision for deferred tax on unrealised gains and losses on the investment portfolio. The NTA after tax is calculated after all taxes.