15 Jun 2021

Partial sale of UK shares

SUNVEST CORPORATION LIMITED ABN 77 008 132 036 Registered Office: Level 57, MLC Centre, 19-29 Martin Place, Sydney NSW 2000 Telephone +61 (0) 402 841 662 Email info@sunvestcorp.com.au 15 June 2021 Australian Securities Exchange Limited Market Announcements Office 20 Bridge Street Sydney NSW 2000 lodged electronically via ASX OnLine Subject: Partial sale of UK share portfolio Dear Sirs, The directors of Sunvest Corporation Limited announce the sale of certain UK listed shares included in the Company’s investment portfolio. The sales, as set out below, were conducted through the offices of Walker Crips, UK stockbrokers. ? Beowulf Mining plc ? Corcel plc ? Gledhow Investments plc ? Hot Rocks Investments plc ? Kibo Energy plc ? Marechale Capital plc ? Red Rock Resources plc ? Sunrise Resources plc All the shares held in the above companies have been sold. The net consideration received was a total of GBP £701,430 which will be transferred to the Company’s Australian bank account this week. The fair value of the above shares included in the Company’s NTA announcement to ASX on 11 June 2021 is GBP £1,051,022. The directors consider the sale to be commercial and in the best interests of the Company after taking into account the high level of illiquidity in the shares sold together with the resulting tax loss enabling a significant reduction in income tax expense that would otherwise be payable. The remaining non-ASX listed investments now held by Sunvest Corporation are: ? Greatland Gold plc (UK listed) ? Lombard Capital plc (UK listed) ? Great Panther Mining Limited (Canada listed) This announcement has been approved for release by the board of directors. Yours faithfully Sunvest Corporation Limited Bruce Burrell Chairman and Chief Investment Officer
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2022 Listcorp. ABN 60 166 140 307

Never miss news from Sunvest Corporation (ASX:SVS) when you join Listcorp.