• SpaceX valuation increase estimated at AU$79 million
• Expected 18% rise in net asset value (NAV)
• Implied AU$0.29 increase in NAV per Unit
• Estimates subject to final adjustments and month-end calculations

Pengana Investment Management Limited, responsible entity of Pengana Private Equity Trust (ASX:PE1), informs the market of the likely impact on PE1's net asset value (NAV) following SpaceX's listing on the Nasdaq Exchange. Based on SpaceX's closing price of US$191.82 on 17 June 2026, and considering applicable fees and costs, Pengana estimates the net contribution to PE1's NAV attributable to its SpaceX exposure at approximately US$55 million, translating to approximately AU$79 million at an AUD/USD exchange rate of 0.70. This estimate represents an increase of approximately 18% in PE1's NAV as at 31 May 2026, and an implied increase in NAV per Unit of approximately AU$0.29. This estimate is subject to final adjustments of fees, costs, foreign exchange, and valuations, and is an estimate only, not a formal indication of NAV per Unit.

Estimated increase in NAV per Unit of AU$0.29

The final NAV per Unit for June 2026, reflecting all relevant inputs, will be released in July.