23 Nov

Net Tangible Asset Backing

Spheria Emerging Companies Limited Level 35, 60 Margaret Street Sydney NSW 2000 Telephone: 1300 010 311 Email: invest@pinnacleinvestment.com ACN 621 402 588 23 November 2021 Company Announcements ASX Limited Exchange Centre 20 Bridge Street Sydney NSW 2000 Dear Sir/Madam, Weekly NTA Update Please find below the estimated Net Tangible Asset backing per share for Spheria Emerging Companies Limited (ASX: SEC) as at 19 Novem ber 2021 : Net Tangible Assets (NTA) per share 1 Pre - tax NTA 2 $ 2. 7 83 Post - tax NTA 3 $ 2. 6 33 These figures are unaudited and approximate only. 1 NTA calculations exclude Deferred Tax Assets r elating to capitalised issue cost related balances and income tax losses . 2 Pre - tax NTA includes tax on realised gains /losses and other earnings, but excludes any provision for tax on unrealised gains /losse s . 3 Post - tax NTA includes tax on realised and unrealised gains /losses and other earnings. Yours sincerely, C alvin Kwok Company Secretary
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