Palisade – Private Markets Conference 2024

Disclaimer

Palisade Investment Partners Limited is a Corporate Authorised Representative (No. 312944) of Pinnacle Investment Management Limited, an Australian Financial Services Licensee (No. 322140).

The information in this report is for general information only and has not been prepared for any specific wholesale investor. The information is not intended as an asset recommendation or statement of opinion intended to influence a person or persons in making a decision in relation to investment. Any opinions or forecasts reflect the judgment and assumptions of Palisade Investment Partners Limited and its representatives on the basis of information at the date of publication and may later change without notice. Palisade Investment Partners Limited does not warrant the accuracy, reliability or completeness of the information in this report and persons relying on this information do so at their own risk. Gross returns are calculated before allowing for fees paid to the manager, but are after transaction and other costs. Past performance is not a reliable indicator of future performance.

The information provided in this report is not to be disclosed in whole or part or used by any other party without the prior written consent of Palisade Investment Partners Limited. Palisade Investment Partners Limited and its associates may have interests in financial products, and may receive fees from companies referred to during this communication.

Palisade Investment Partners Limited | ABN 32 124 326 361

Disclaimers (rating agencies)

Zenith Disclaimer

• The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (Palisade’s Feeder Infrastructure Trust (WHT1117AU) assigned March 2024) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines (https://www.zenithpartners.com.au/our-solutions/investment-research/regulatory-guidelines/)

Lonsec Disclaimer

• The rating issued 03/2024 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the