Tribeca Global Natural Resources : AGM Investment Manager's Report

19 November 2021

onlyASX Market Announcements ASX Limited

20 Bridge Street Sydney NSW 2000

BY ELECTRONIC LODGEMENT

useTribeca Global Natural Resources Limited (ASX: TGF) - Investment Manager's Presentation

Please find attached Investment Manager's Presentation, which will be delivered at the Company's Annual General Meeting today.

The information contained in this document has been prepared for use in conjunction with a verbal presentation and

should be read in that context. personalVideo link to Investment Manager's Presentation

For any enquiries please contact TGF at [e-mail] by calling [phone]. Authorised for release by the Board of Tribeca Global Natural Resources Limited.

Ken Liu

Company Secretary

Tribeca Global Natural Resources Limited

For

Sydney	Singapore	Web: www.tribecaip.com/lic
Level 23, 1 O'Connell Street	Level 16, Singapore Land Tower	Email: [e-mail]
Sydney NSW 2000 Australia	50 Raffles Place, Singapore 048623	ABN: 16 627 596 418
T [phone]	T [phone]

ersonal use only

Tribeca Global Natural Resources Ltd

ASX:TGF

AGM Presentation

Ben Cleary, Portfolio Manager Todd Warren, Head of Research

19th November 2021

November 2021

Disclaimer

This presentation has been prepared for Tribeca Global Natural Resources Limited (ABN 16 627 596 418) ("TGF") by its investment manager, Tribeca Global Resources Pty Ltd (ABN 11 606 707 662) ("Tribeca") under AFS License 239070 (Tribeca Investment Partners Pty Ltd). The information contained in this presentation is for information purposes only and has been

onlyprepared for use in conjunction with a verbal presentation and should be read in that context. The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, Tribeca has not considered the objectives, financial position or needs of any particular recipient. Investors must not make investment decisions on the basis of any matter contained in this presentation but must conduct your own assessment,

i vestigations and analysis. Tribeca strongly suggests that prior to making an investment decision, investors seek financial, legal and taxation advice appropriate to your investment objectives, financial situation and circumstances.

This presentation is intended for the exclusive benefit of the party to which it is presented. It may not be reproduced, disseminated, quoted or referred to, in whole or in part, without the express consent of Tribeca. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and

useconclusions contained in this presentation. To the maximum extent permitted by law, none of Tribeca, TGF, their related bodies corporate, shareholders or respective directors, officers, mployees, agents or advisors, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of

information contained in this presentation.

This presentation includes "forward looking statements". Such forward looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Tribeca, TGF and their officers, employees, agents or associates that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward-looking statements and the assumptions on

which those statements are based. Tribeca and TGF assume no obligation to update such information. Financial position and performance data contained in this presentation is unaudited. ersonalOpinions expressed in this presentation may change without notice. Whilst every effort is made to ensure the information is accurate at the time of preparation, Tribeca does not guarantee

its accuracy, reliability or completeness nor does it undertake to correct any information subsequently found to be inaccurate.

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities of TGF have not been, and will not be, registered u der the U S Securities Act of 1933 as amended (Securities Act) or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and any other applicable securities laws or pursuant to an exemption from, or in a transaction not subject t , the registration requirements of the Securities Act and any other applicable securities laws.

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only
	Agenda
use
Corporate Update	4
Performance Review	5
Portfolio Positioning & Outlook	12
ersonal	22
	Proxy Voting Summary

Corporate Update

only	Performance
		Our focus remains on generating continued
		strong performance and closing the share price
		discount to NTA (currently 6.9%).
use	Key to closing the discount and trading at
premium to NTA will be the following:
		Continued strong performance.
		Shareholder engagement
		(increasing engagement and
ersonal	transparency).
Capital Management (buyback and
		dividends).
	1. Based on closing price of $2.60 on 18 November 2021 and post tax NTA of $2.7589 on 31 October 2021
4

Capital Management

Strong earnings momentum, cash flow generation and growing franking balance of TGF's long portfolio opens the possibility of a maiden dividend payout in the coming year.

Strengthened Governance & Leadership

Strengthened board leadership through appointment of highly qualified NEDs with deep resources industry experience

November 2021