Page 1

BAILADOR Bailador Technology Investments Limited Level 20 , 20 Bond Street , Sydney NSW 2000 A.C.N. 601 048 275 Friday , 12 February 2021 MEDIA RELEASE Bailador Technology Investments Limited Half Year 2021 Results ASX - listed technology expansion capital fund , Bailador Technology Investments Limited ( " Bailador " , ASX : BTI ) , is pleased to release its interim financial results for the six months ending 31 December 2020 ( " HY21 " ) . Key HY21 highlights include : • Net profit attributable to shareholders totalled $ 13.1m • Gain on financial assets and marketable securities totalled $ 23.5m • Pre - tax NTA per share up 12.3 % to $ 1.39 , net of all fees • Instaclustr valuation increased 42.2 % following another strong 12 - month period of growth • • Stackla revalued to $ 11.5m ( previously $ nil for 12 - months ) based on demonstrated business performance and market attractiveness Straker valuation ( marked to market ) up 71.4 % over HY21 ( and a further 17.3 % in Jan - 21 ) , largely driven by the announcement of a new global translation agreement with IBM • The Bailador portfolio companies are well capitalised with no liquidity concerns • Bailador expects 2021 to be a significant year for profitable realisations The Bailador portfolio ended 2020 in a strong position as highlighted by our key portfolio metrics below : 10 investments $ 294m portfolio company revenue¹ 10 % portfolio company revenue growth² > 75 % gross margin² The portfolio has critical mass →→→ Only three SaaS companies listed on the ASX have greater revenue than the combined Bailador portfolio 25 % portfolio company revenue growth ( ex - travel ) ³ Revenue growth ex - travel is strong Our travel industry companies are outperforming peers & we expect growth to pick up as travel increases Revenue generation is at premium margins 86 % recurring revenue² Recurring revenue provides an attractive solid base BAILADOR Note : ¹Revenue for the year ended 31 December 2020 for the underlying companies in the BTI portfolio . * Based on revenue for the year ended 31 December 2020 and weighted based on carrying value in the portfolio . " Excludes SiteMinder and Rezdy David Kirk , Bailador Co - Founder and Managing Partner , said : " We are very pleased with the performance of the portfolio during a tumultuous period . No emergency capital raisings were required , and the businesses all have healthy sustainable models . The quality of the businesses and management teams has the portfolio well positioned for continued growth . " Page 1 of 3