Regal Asian Investments Announces $3.02 Per Share NTA as of July 24, 2026

Weekly NTA Calculation and Post-Tax Valuation Approach

The reported NTA of $3.02 per ordinary share reflects a post-tax valuation methodology that accounts for realised gains and losses, including deferred tax assets and liabilities. The calculation excludes deferred tax on unrealised gains and losses but incorporates income tax losses available for future periods. This approach provides shareholders with a transparent net asset value measurement after tax effects on realised transactions.

The valuation snapshot was taken at the close of global equity markets on 24 July 2026, capturing offshore market movements and reflecting the portfolio’s Asian securities exposure. Regal Asian Investments Limited emphasizes that these figures are unaudited estimates based on internal calculations. This transparency allows investors to compare the NTA against previous periods and peer funds effectively. The weekly updates facilitate consistent tracking of asset value fluctuations.

Regal Funds Management Assumes Portfolio Control Since June 2022

In June 2022, portfolio management responsibilities transitioned from VGI Partners to Regal Funds Management, a specialist alternatives investment manager, under an investment advisory agreement with Regal Asian Investments Management Pty Ltd. This marked a strategic shift in investment philosophy and portfolio oversight.

Following this transition, the company rebranded in November 2022 from VGI Partners Asian Investments Limited (VG8) to Regal Asian Investments Limited (RG8), updating its ASX ticker accordingly. Regal Funds Management employs a fundamental, bottom-up investment approach, leveraging their expertise and network to manage the concentrated portfolio. This timeframe allows assessment of the new management’s impact on shareholder returns and portfolio construction.

Concentrated Long-Short Portfolio Focused on Asian Securities

RG8 operates as an actively managed, concentrated portfolio offering exposure to both long and short positions in Asian region securities. This focused structure, holding a limited number of core positions, can amplify returns and risks relative to broader indices. The long-short strategy enables the fund to capitalize on both appreciating and depreciating securities, providing dynamic risk management within the Asian investment landscape.

The portfolio’s Asian focus leverages Regal Funds Management’s expertise in identifying investment opportunities across the region. By combining long positions expected to appreciate with short positions anticipated to decline, the fund aims to generate returns through skillful security selection rather than market direction alone. This approach differentiates RG8 from traditional long-only Asian equity funds and situates it within the alternatives investment category.

Weekly NTA Updates Enhance Shareholder Transparency

Regal Asian Investments Limited’s weekly NTA disclosures serve as a vital transparency tool, enabling shareholders to monitor the per-share asset value regularly. Given the concentrated portfolio, significant movements in a few positions can materially affect overall fund value. These updates help investors evaluate portfolio performance relative to expectations and market conditions.

The NTA per share is a key metric for closed-end funds like RG8, providing a benchmark against which market price can be compared. Divergences between share price and NTA may reflect investor sentiment regarding management or future prospects. Regular publication promotes market efficiency and informed investment decisions, while consistent methodology supports trend analysis across market cycles.

Access to Asian Securities via Alternative Investment Strategy

RG8 offers Australian investors a professionally managed vehicle to access long and short investment opportunities in Asian markets. Instead of conducting individual transactions, investors benefit from Regal Funds Management’s fundamental research and active decision-making. The concentrated portfolio structure amplifies the impact of successful security selection on shareholder returns.

The alternative long-short strategy provides a distinct risk-return profile compared to traditional Asian equity funds. Short positions allow potential gains during Asian market downturns, appealing to investors seeking diversified exposure with different risk characteristics. Regal Funds Management’s specialist knowledge and network underpin this active approach.

Valuation Timing Incorporates Offshore Market Movements

The NTA figure as of market close on 24 July 2026 includes valuation across all global equity markets. Given differing trading hours in Asian and Australian markets, capturing the global close ensures a comprehensive portfolio valuation. This standardization enhances consistency and comparability of NTA figures week-to-week.

By aligning valuations to the global market close, RG8’s updates reflect material price movements across all relevant jurisdictions, reducing ambiguity from intraday volatility. This approach aligns with international fund valuation practices for multi-jurisdictional portfolios.

Strategic Rebranding Reflects Management Transition

The November 2022 rebranding from VGI Partners Asian Investments Limited (VG8) to Regal Asian Investments Limited (RG8) signified a fundamental change in management and investment philosophy. The name and ticker update followed the June 2022 portfolio management handover to Regal Funds Management, clearly communicating the new leadership and strategic direction.

This transition introduced a specialist alternatives manager, formalized through an investment advisory agreement, potentially altering portfolio construction and Asian opportunity selection.

Unaudited NTA Estimates and Investor Considerations

Regal Asian Investments Limited notes that the NTA figures are unaudited and based on internal estimates. While this allows timely weekly disclosures, investors should recognize these are management’s best estimates rather than independently verified numbers.

The disclosed post-tax methodology and tax position treatment provide transparency into the valuation process. Investors can compare NTA estimates with market prices and observe trends over time to assess valuation reliability.

Investor Relations and Communication Channels

Regal Asian Investments Limited facilitates shareholder engagement through designated investor relations contact Ingrid Groer, CFA, reachable at +61 2 8197 4333 or via email at [email protected]. This ensures shareholders have access to detailed information regarding fund performance and strategy.

Additional resources and updates are available at www.regalfm.com/RG8, supporting ongoing investor communication and transparency. These channels underscore the fund’s commitment to informed shareholder decision-making and accessibility.