BIF – valuation update assessment in progress

BIF –Valuation update assessment in progress with potential material movement

18 May 2023

Booster has been informed by one of the businesses in the Booster Innovation Fund’s investment
portfolio, that it is currently in advanced discussions with investors and major customers for the raising of
additional capital for the business at a price substantially higher than its current carrying value.

Due to confidentiality restrictions, Booster is not able to name the business concerned.

Booster is in the process of considering the impact that this potential transaction may have on the net
asset value of the Fund. The initial estimate (subject to formal assessment by the Fund’s investment
committee) is the valuation could increase by an amount that is material to the Fund.

On completion of this assessment, a further NZX announcement will be made confirming the impact to
the Fund.

In the meantime, investors who are considering buying or selling units, may wish to defer the timing of
their transaction until a further announcement is made.


For more information, please contact:
Gary Scott
Company Secretary
Booster Investment Management Limited
04 8944300



About Booster
Booster Investment Management Limited (Booster) is the manager and issuer of the Fund, and part of
the Booster Group which has been helping New Zealanders save since 1998. The group currently
administers superannuation and investment funds of over $5 billion on behalf of more than 170,000 New
Zealanders.
BIF is a managed investment fund that invests in early-stage companies founded on intellectual property
originated or developed in New Zealand.
For more information, including a copy of the Product Disclosure Statement, please visit
www.booster.co.nz