Announcement PDF 7 November Pre-tax1 NTA per share $10.48 $10.65 Share price $9.20 $9.18 In the table below, Argo Investments Limited (ASX code: ARG) provides its estimated pre-tax net tangible asset (NTA) backing per share and the share price as of Friday’s market close. The NTA figures are unaudited and approximate. Weekly NTA Friday 7 November 2025 Benefits of investing Diversified and administratively simple Low-cost, internally managed Strong balance sheet with no debt Experienced board and management team Fully-franked, sustainable dividends Long-term, proven investment approach About Argo Investments Argo Investments (ASX code: ARG) is one of Australia’s oldest and largest listed investment companies (LICs). Founded in Adelaide in 1946, Argo is one of the ASX’s top 100 companies and invests more than $8 billion on behalf of approximately 90,000 shareholders. To find out more about Argo Investments including how to invest visit argoinvestments.com.au. This report has been prepared as general information only and is not intended to provide financial advice or take into account your objectives, financial situation or needs. You should consider, with a financial adviser, whether the information is suitable for your circumstances before making any investment decisions. Past performance is no guarantee of future results. This announcement is authorised by Tim Binks, Company Secretary. Argo Investments Limited ACN 007 519 520 1 Before estimated tax on net unrealised gains/losses in the investment portfolio. 31 October