Pacific Current : Appendix 4E and Financial Report for year ended 30 June 2021

Tacoma // Denver // Sydney // Melbourne

30 August 2021

Company Announcements

For Immediate Release

ASX Code: PAC

APPENDIX 4E AND FINANCIAL REPORT FOR PACIFIC CURRENT GROUP LIMITED

In accordance with the Listing Rules of the Australian Securities Exchange ("ASX"), Pacific Current Group Limited encloses for immediate release the following information:

1. Appendix 4E, the Preliminary Final Report for the Year ended 30 June 2021; and
2. The Audited Financial Report for the Year ended 30 June 2021

AUTHORISED FOR LODGEMENT BY:

The Board of Pacific Current Group Limited

‐ENDS‐

CONTACT

For Investor & Media Enquiries:

• Paul Greenwood - Managing Director & CEO and CIO

1. [e-mail]

1. ([phone]

ABOUT PACIFIC CURRENT GROUP LIMITED

Pacific Current Group Limited is a multi‐boutique asset management firm dedicated to providing exceptional value to shareholders, investors, and partners. We apply our strategic resources, including capital, institutional distribution capabilities and operational expertise to help our partners excel. At the date of this announcement, Pacific Current Group Limited has investments in 15 boutique asset managers.

Pacific Current Group Limited (ABN 39 006 708 792)

Level 3, Suite 3 257 Collins Street, Melbourne VIC 3000 Australia

www.paccurrent.com

Tel: [phone]

PACIFIC CURRENT GROUP LIMITED

(ABN 39 006 708 792)

ASX LISTING RULES - APPENDIX 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2021

The following information is presented in accordance with Listing Rule 4.3A of the Australian Securities Exchange ("ASX").

1. Details of the reporting period and the previous corresponding period

Current reporting period	‐ the year ended 30 June 2021
Previous corresponding period	‐ the year ended 30 June 2020

2. Results for announcement to the market

	Year ended	30 June 2021	30 June 2020	Increase /(Decrease)
		$'000	$'000	$'000	%
2.1	Revenue from ordinary activities	47,046	62,726	(15,680)	(25.00)
	Net profit/(loss) before tax	23,465	(27,317)	50,782	185.90
	Underlying net profit before tax	32,578	32,072	506	1.58
	Underlying net profit after tax	26,540	26,254	286	1.09

2.2 Net profit profit/(loss) from

	ordinary activities after tax
	attributable to members	17,413	(17,509)	34,922	199.45
	Underlying net profit (from
	ordinary activities after tax
	attributable to members	26,265	25,034	1,231	4.92
2.3	Net profit/(loss) for the period		(17,509)	34,922	199.45
	attributable to members	17,413
	Underlying net profit/(loss) for the
	period attributable to members	26,265	25,034	1,231	4.92

Underlying results are unaudited Non‐IFRS measures. Refer to the attached Financial Report for details of these calculations.

2.4 Dividends (distributions)	Amount per	Franking amount	Conduit foreign
	security (cents)	per security	income per security
2021 Final	26	100%	n/a

1. Record date for determining entitlements to the dividend 9 September 2021
2. Commentary on "Results for Announcement to the Market"
   A brief explanation of any figures in 2.1 to 2.4 above, necessary to enable the figures to be understood, is contained in the attached Audited Financial Report for the Year ended 30 June 2021.

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PACIFIC CURRENT GROUP LIMITED

(ABN 39 006 708 792)

ASX LISTING RULES - APPENDIX 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2021

1. A statement of comprehensive income
   A statement of comprehensive income together with notes to the statement is contained in the attached Audited Financial Report for the Year ended 30 June 2021.
2. A statement of financial position
   A statement of financial position together with notes to the statement is contained in the attached Audited Financial Report for the Year ended 30 June 2021.
3. A statement of cash flows
   A statement of cash flows together with notes to the statement is contained in the attached Audited Financial Report for the Year ended 30 June 2021.
4. A statement of changes in equity
   A statement of changes in equity together with notes to the statement is contained in the attached Audited Financial Report for the Year ended 30 June 2021.
5. Details of individual and total dividends or distributions and dividend or distribution payments.

Type	Record date	Payment date	Amount	Total	Franked	Conduit
			per	Dividend	amount	foreign
			Security	($)	per	income
			(cents)		security	per
						security
2020 Final	18 September 2020	23 October 2020	25.0	12,427,121	100%	n/a
2021 Interim	5 March 2021	15 April 2021	10.0	5,081,797	100%	n/a

1. Details of any dividend or distribution reinvestment plans
   On 27 August 2020, the Board approved a Dividend Reinvestment Plan ("DRP") for the Company. The Company's DRP will apply to the FY21 Final dividend.
   The last election date for the DRP will be 10 September 2021.
2. Net tangible assets per security

	30 June 2021	30 June 2020
Net tangible assets per security	$6.89	$6.84

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PACIFIC CURRENT GROUP LIMITED

(ABN 39 006 708 792)

ASX LISTING RULES - APPENDIX 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2021

10. Details of entities over which control has been gained or lost during the period During the period, control was gained over the following entities:

Name of entity

Date control gained

Nil

During the period, control was lost over the following entities:

	Name of entity	Date control lost
	Seizert Capital Partners LLC	30 November 2020
11.	Details of associates and joint venture entities
			Ownership %
	Associates		30 June 2021	30 June 2020
	Aether General Partners		25.00	25.00
	ASOP Profit Share LP 1		39.31	‐
	Astarte Capital Partners, LLP 1		44.90	‐
	Blackcrane Capital, LLC		25.00	25.00
	Capital & Asset Management Group, LLP 2	36.25	32.50
	IFP Group, LLC		24.90	24.90
	Northern Lights Alternative Advisors LLP	23.00	23.00
	Roc Group		30.01	30.01
	Victory Park Capital Advisors, LLC		24.90	24.90
	Victory Park Capital GP Holdco, LP		24.90	24.90
	Copper Funding, LLC		50.00	50.00
	Pennybacker Capital Management, LLC	16.50	16.50
			30 June 2021	30 June 2020
			$'000	$'000
	PAC share of profits of associates/joint venture 3	6,608	1,751

Notes:

1. 1. - Acquired on 19 March 2021 under one transaction.
   2. - Additional capital contributions made during the year increased the ownership from 32.50% at 30 June 2020 to 36.25% as at 30 June 2021.
   3. - Further information on the contribution of these entities to the financial performance and financial position of the entity is contained in the attached Audited Financial Report for the Year ended 30 June 2021.
2. Any other significant information needed by an investor
   Further significant information needed by an investor to make an informed assessment of the entity's financial performance and financial position is contained in the attached Audited Financial Report for the Year ended 30 June 2021.
3. For foreign entities, which set of accounting standards is used in compiling the report Not applicable

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PACIFIC CURRENT GROUP LIMITED

(ABN 39 006 708 792)

ASX LISTING RULES - APPENDIX 4E

PRELIMINARY FINAL REPORT FOR THE YEAR ENDED 30 JUNE 2021

1. A commentary on the results for the period
   A commentary, including any significant information needed by an investor to make an informed assessment of the entity's activities and results, is contained in the attached Audited Financial Report for the Year ended 30 June 2021.
2. Audit / Review of Accounts upon which this report is based and qualification of audit / review
   This Financial Report is based on the attached Annual Financial Report for the Year ended 30 June 2021 which includes the Independent Auditors Report. The Annual Financial Report for the year ended 30 June 2021 is not subject to a modified opinion, emphasis or other matter paragraph.

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