Ann: XTEK Secures $10m Equity Placement Facility, page-3

The Kentgrove Capital Fund is an absolute return fund with an objective of generating strong returns for investors over the medium and long term. The Fund will generally hold a concentrated portfolio of equities based on bottom-up stock selection. Our primary investment strategy is to conduct fundamental research on Australian stocks and buy when we consider a stock to be significantly undervalued, allowing ample margin of safety.