Ann: HALFYR: MLN: Marlin Global posts flat half y

• Release Date: 20/02/13 19:00
• Summary: HALFYR: MLN: Marlin Global posts flat half year result
• Price Sensitive: No
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MLN
20/02/2013 17:00
HALFYR

REL: 1700 HRS Marlin Global Limited

HALFYR: MLN: Marlin Global posts flat half year result

Results for announcement to the market

Reporting Period 6 months ended 31 December 2012
Previous Reporting Period 6 months ended 31 December 2011

The interim financial statements attached to this report have been reviewed
by PricewaterhouseCoopers and are not subject to a qualification.  A copy of
the accountants' report applicable to the interim financial statements is
attached to this announcement.

 Current period NZ$000, Up/(Down) %,  Previous corresponding  Period NZ$000
Total net income/(loss) from ordinary activities 1,525, N/A (16,611)
Profit/(loss) from ordinary activities after tax attributable to security
holder. 172, N/A (18,123)
Net profit/(loss) attributable to security holders. 172, N/A (18,123)

Dividend
 Marlin Global will pay a partially imputed quarterly dividend of 1.64cps as
part of its long-term distribution policy.

Ex-Dividend Date 13 March 2013
Record Date 15 March 2013
Dividend Payment Date 29 March 2013

NAV per share 31 December 2012: $0.83

For immediate release:

20 February 2013

Marlin Global posts flat half year result

o Net profit after tax $172k
o Adjusted NAV* per share flat for the period
o Total shareholder return* 0.9%
o 3.47 cents per share in dividends paid during the period

NZX-listed investment company Marlin Global Limited (NZX: MLN) today
announced a profit after tax for the six months to 31 December 2012 of
$172,000.

For the six months, the adjusted net asset value (NAV)* per share was flat,
trailing the MSCI Global Small Cap Gross Index which rose 6.9%. Total
shareholder return* for the period was 0.9%.

In accordance with Marlin's dividend policy (2% of average NAV per quarter),
the company paid 3.47 cents per share in dividends over the six months. The
next payment under the policy will be for 1.64 cents per share, payable on 29
March 2013.

Managing Director of Fisher Funds, Carmel Fisher said: "Since taking over the
portfolio management responsibilities the new team, Roger Garrett, Senior
Portfolio Manager and Manuel Greenland, Senior Investment Analyst, have been
reviewing the thesis supporting each investment as part of monitoring and
rebalancing the portfolio."

Ms Fisher added: "The team has been busy meeting the management of our
portfolio companies to gain a better view on their business models and
strategies as they allocate capital within the Marlin portfolio."

As a result, Marlin's portfolio has seen some changes over the six month
period, with the sale of three companies (Conceptus, Torishima Pump and
Raffles Education) and the addition of four others (Genomma Lab, United
Internet, Volkswagen and IMI).

Ms Fisher said: "We remain relatively optimistic about the outlook for global
equities this year. The climb may be bumpy and we would look to take
advantage of market opportunities as they arise."

The Board saw some changes during the six month period. At the end of August
2012, James Miller retired from the Board and Alistair Ryan was appointed
Chairman on 1 September 2012. In mid September Mark Todd retired from the
Board to pursue alternative career opportunities. The process of recruiting
another director is underway to bring the Board back to four directors. The
Board expect to be in a position to announce a new director shortly.

For further information please contact:
Alistair Ryan
Chairman
Marlin Global Limited
Tel: 021 649 102

Carmel Fisher
Managing Director
Fisher Funds Management Limited
Tel: (09) 484 0342

*Adjusted NAV and total shareholder return assume all dividends are
reinvested but exclude imputation credits.

About Marlin Global
Marlin Global is a listed investment company that invests in growing
companies based outside of New Zealand and Australia. The Marlin portfolio is
managed by Fisher Funds, a specialist investment manager with a track record
of successfully investing in growth company shares. The aim of Marlin is to
offer investors competitive returns through capital growth and dividends, and
access to a diversified portfolio of investments through a single,
tax-efficient investment vehicle. Marlin listed on the NZX Main Board on 1
November 2007 and may invest in companies that are listed on any approved
stock exchange (excluding New Zealand or Australia) or unlisted international
companies not incorporated in New Zealand or Australia.    /ends
End CA:00233189 For:MLN    Type:HALFYR     Time:2013-02-20 17:00:43