Australian Ratings assigns very strong rating to MaxCap’s Operational Capability Assessment (OCA)

Melbourne, 23 December 2020 – MAXCAP GROUP PTY LTD’S OPERATIONAL CAPABILITY RANKING UPGRADED TO
‘VERY STRONG.

Australia Ratings has reviewed its Operation Capability Assessment (OCA) of MaxCap Group Pty Ltd (MaxCap) and upgraded
its ranking to ‘VERY STRONG’. This rating reflects the strong investment management and financial performance since
incorporation, which has been maintained despite the COVID-19 pandemic event.

A ‘VERY STRONG’ rating is the second highest rating on the Australia Ratings’ OCA Ranking Scale; it reflects the very strong
capacity of an operating party to perform its operational role and assist the Fund in meeting financial obligations. Australia
Ratings analyst, Natasha Hall, said, “the upgraded ‘Very Strong’ rating is representative of the highly specialised skills and
experience of the MaxCap staff and the strength of their business relationships with key clients and prospects”. She adds,
“MaxCap have an excellent track record in terms of investment performance, having never sustained any form of loss after
having originated 340 loans”.

Release from Australian Ratings is here.