Dear Members,

At Nasfund, our priority remains safeguarding, growing, and modernizing your superannuation savings. I am proud to announce a historic milestone in the journey of our Fund: Nasfund has officially surpassed K10 billion in Net Asset Value (NAV).

Crossing the K10 billion threshold is a great accomplishment in the history of Nasfund. It stands as a powerful testament to the discipline of our investment

strategies, the enduring contribution of Papua New Guinea’s workforce, and the trust you and your employers place in us every day. This financial foundation positions us to champion your retirement readiness and advocate for your retirement wellbeing

with greater impact than ever before.

Showcasing PNG on the Global and Regional Stage

Growing a K10 billion portfolio requires proactive leadership and strong relationships across our region:

• PNG Investment Conference in Brisbane: Attending the Business Advantage PNG Investment Conference alongside Eric Kramer from our Investments team, it was encouraging to see Nasfund’s operational data featured directly in Prime Minister James Marape’s opening address to reinforce the reality of Papua New Guinea’s economic growth. During his presentation, the Prime Minister outlined the nation’s

economic roadmap. During discussions Eric Kramer was direct in reminding international delegates that PNG holds both domestic capital and local expertise,

emphasizing that our market seeks genuine partnership and long term co investment from foreign investors, rather than simply outside capital.

• Pacific Islands Investment Forum (PIIF) in Fiji: At the PIIF meeting in Fiji, where I serve as CEO of Nasfund, President of ASFPNG, and Treasurer of PIIF, we are advancing discussions on a regional co-investment framework. This model enables super funds across the South Pacific to pool resources into major infrastructure assets, spreading portfolio risk while securing higher returns for our members.

Grassroots Outreach with Starlink Powered Mobile Service Booths

Nasfund has deployed mobile service booths equipped with Starlink satellite connectivity to break through local communication barriers:

• Provincial Onboarding: Our teams recently

travelled to Kimbe, West New Britain Province, directly onboarding and registering local smallholder growers into the Fund on the spot alongside the MiBank team.

• National Reach: Mobile booths are actively serving members across Port Moresby, Lae, and Kokopo, and are currently deploying throughout the Highlands region to bring complete service directly to rural workers.

A Comprehensive Digital Ecosystem

Our physical outreach works hand in hand with our expanding self-service digital platforms:

• WhatsApp and USSD TextBal: Check your account balances in real time using either the traditional *627# mobile short code or WhatsApp, with WhatsApp exclusively offering automated daily benefit payment updates.

• e-Branch Portal: Lodge unemployment benefit claims and apply for housing advance withdrawals online without waiting in branch lines. Simply email all

completed documents to e-withdrawals@nasfund.com.pg. Note that there is a strict file limit of 10 MB; any email attachment larger than this will not be received.

• Online Forms and Maintenance: Submit Member Details Update Forms and request the consolidation of multiple accounts straight to our member maintenance team for swift processing via the Nasfund e-Branch portal located on our website.

• Nasfund App and Member Online Portal: Track contribution histories, verify housing advance eligibility instantly, and update personal contact details so your records always remain current.

• Superannuation Calculator: Available directly on the Nasfund website, this tool helps you visualize what your retirement can look like and empowers you to adjust voluntary contributions and personal expenses to match your lifestyle preferences and long-term retirement goals.

Meeting Members Where They Are: Multi Channel Engagement and Social Growth

Effective member engagement must reflect the diverse demographics of our growing Fund:

• Expanding Social Reach: We have seen strong growth across our digital communities this month, with our LinkedIn network crossing 75,000 followers, alongside accelerating engagement across Facebook, Instagram, TikTok, YouTube, and our interactive website chatbot.

• Encouraging Open Dialogue: Our data reveals that Nasfund members are proactive and confident in querying processes, questioning systems, and seeking clarity on products and services. We welcome this transparency and continue to invest in

relevant superannuation education tools such as the social media reels and Nasfund's ChatBot.

Nasfund Chief Executive Officer, Rajeev Sharma, attended the Pacific Islands Investment Forum (PIIF) Investment Conference held in Denarau, Fiji, from 24 to 26 August 2026, representing Nasfund as a member of PIIF while also participating in his capacity as President of the Association of Superannuation Funds of Papua New Guinea (ASFPNG) and Treasurer of PIIF.

Caption: Nasfund CEO Rajeev Sharma and members of the Pacific Islands Investment Forum (PIIF) at the PIIF Investment Conference in Denarau, Fiji. Picture Courtesy of PIIF Communications Team

The three-day conference brought together superannuation funds, investment professionals, development partners, and regional stakeholders to advance discussions on sustainable investment opportunities across the Pacific.

Organised in partnership with the United Nations Sustainable Development Goals (UNSDG) initiative, the conference focused on strengthening the PIIF Investment Platform, supporting the mobilisation of Pacific capital, developing investment-ready projects, enhancing governance frameworks, and building investment capacity across member funds.

The conference programme featured presentations and knowledge-sharing sessions from leading institutional investors, including representatives from the New Zealand Super Fund and the Australian Retirement Trust, reflecting the growing engagement between Pacific investment funds and major regional financial institutions.

PIIF Secretariat Executive Director, Damien Beddoes, said the conference provided an important platform for collaboration among member funds and partners.

"The conference creates opportunities for meaningful engagement through breakout sessions and networking, allowing members and partners to progress discussions on strategic investments, partnerships, governance, and regional development initiatives," Mr Beddoes said.

He added that the event would provide key decision-makers with greater insight into the Pacific Investment Platform, its benefits for member funds, emerging investment opportunities, and practical ways to leverage collective resources for regional growth.

Mr Sharma said his participation at the conference reflected Nasfund's continued commitment to contributing to discussions on regional economic development and long-term investment opportunities that benefit members.

"As CEO of Nasfund, President of ASFPNG, and Treasurer of PIIF, my attendance provides an opportunity to advance discussions on a regional co-investment framework," Mr Sharma said.

"This framework has the potential to enable superannuation funds across the South Pacific to pool resources and invest collectively in major infrastructure and development projects."

"Through collaboration, funds can diversify their investment portfolios, mitigate risk, and unlock opportunities that may generate sustainable long-term returns for their members while contributing to economic growth across the region."

Mr Sharma added that regional partnerships and collaborative investment approaches continue to play an important role in supporting economic resilience, strengthening financial markets, and creating lasting value for Pacific communities.

Nasfund remains committed to exploring investment opportunities that deliver sustainable returns for members while supporting the broader development of Papua New Guinea and the Pacific region.

GOROKA, Eastern Highlands Province

National Superannuation Fund Limited (Nasfund) has launched an intensive regional engagement drive across the Highlands this week, focusing on employer recognition, corporate compliance, and frontline member service delivery in Goroka, Eastern Highlands Province.

As part of the week’s activities, representatives from the Port Moresby Marketing and Stakeholder Engagement team joined the Highlands Regional Team Leader Mr Pagel Yawani who traveled in from Mt. Hagen to conduct business visits across the province. A major highlight was the on-site presentation of the 2025 Nasfund Employer Award – CEO’s Award (2nd Runner-Up) to the management and staff of Seng Da Trading Limited, recognizing their exemplary record in timely contributions and superannuation compliance.

From left: Nasfund Goroka Branch officer in charge Dessie Livuan and (4th from left) Mr Pagel Yawani, Regional Team Leader Highlands presenting the 2025 Nasfund Employer Award – CEO’s Award (2nd Runner-Up) to the management and staff of Seng Da Trading Limited.

Nasfund Chief Executive Officer, Rajeev Sharma, emphasized that direct regional outreach remains vital to ensuring superannuation education and fostering strong relationships with participating employers.

"Our annual Employer Awards celebrate organizations that demonstrate leadership by prioritizing the retirement readiness of their staff. Seng Da Trading Limited has set a strong standard for compliance and employee welfare in the Highlands region," said Mr. Sharma. "Nasfund remains committed to bringing services closer to our members and supporting local businesses through consistent engagement, superannuation education, and accessible digital and mobile channels."

During the provincial outreach, Regional Team Leader Pagel Yawani also officially introduced the new leadership team for the Goroka Branch: Dessie Livuan as the Officer in Charge (OIC), supported by Rolland Mell as Second in Charge (2IC).

"We are excited to introduce Dessie Livuan and Rolland Mell as our frontline leadership team in Eastern Highlands," Mr. Yawani stated. "Their appointment strengthens our local operational capability and ensures our members and employers receive prompt, high-quality assistance."

From right: Mr Pagel Yawani, Nasfund Regional Team Leader Highlands, Rolland Mell as Second in Charge of Nasfund Goroka Branch, BNBM representative Alyson Peterson and Dessie Livuan Goroka Branch Officer in Charge (OIC) during the provincial outreach this week.

The week-long provincial engagement will culminate at the Eastern Highlands 70th Agriculture and Trade Festival, where the popular Nasfund Mobile Service booth will be open to members and the general public on Friday 28th August and Saturday 28th August.

Services available at the booth include:

• Real-time superannuation balance checks and Member Online registration
• Member biodata and contact information updates
• Inquiries regarding voluntary contributions, housing advances and unemployment benefit payments
• On-site employer registration and compliance support
• Eda Supa awareness and registration

Nasfund encourages all members, employers, and locals to visit the booth this weekend to access direct superannuation services and meet the new Goroka branch team.

As of June 30, 2026, the Fund's net assets stood at K10.25 billion, a significant increase from the K9.45 billion recorded at the end of 2025.

Nasfund Chief Executive Officer, Rajeev Sharma, stated that this achievement reflects the Fund's prudent financial management, strong governance practices, and unwavering commitment to protecting and growing members' retirement savings.

"Reaching over K10 billion in the first six months of 2026 is a testament to our continued growth and financial resilience in a dynamic economic environment," Mr. Sharma said. "We are delighted to share this milestone with our stakeholders, especially our members, whose trust and confidence make this possible."

Mr. Sharma noted that this exceptional growth was driven by several key factors, including strong returns from a diversified investment portfolio, consistent member and employer contributions, and disciplined cost management.

"Crossing the K10 billion mark reflects our robust governance frameworks, expanding membership base, and focus on operational efficiency. It is also a direct result of the commitment of our contributing employers and the hard work of our dedicated Nasfund team," he added.

Nasfund’s 2026 half-year report highlights positive momentum across all areas of the business.

Key performance indicators include:

• Membership Growth: Over 26,000 new members were registered, bringing the total number of actively contributing members to 220,175.
• Contributions: The Fund received K458 million in contributions, further strengthening members' savings.
• Member Benefits: A total of K351 million was paid in member benefits, demonstrating the Fund's ongoing capacity to meet its members' financial needs.
• Cash Revenue: The Fund recorded K316 million in cash revenue, representing a 2% increase compared to the same period last year.

Mr. Sharma concluded by acknowledging the invaluable support of all partners. "I thank our employers, members, stakeholders, and the hardworking employees of Nasfund. This milestone reinforces our goal to ensure all members are ready for tomorrow."

PORT MORESBY: With urban migration putting increased pressure on housing in centers like Port Moresby, Lae, Mt Hagen, and Kokopo, Nasfund has reintroduced its virtual member education sessions this August. The move underscores the Fund's commitment to digital innovation while proactively responding to member concerns.

Running throughout the month, the free online sessions focus specifically on the Housing Advance product. The digital initiative has already seen strong engagement, with recent campaign data showing that 63% of participants are actively requesting longer discussions and additional resources.

Nasfund Chief Executive Officer Rajeev Sharma, who also serves as President of the Association of Superannuation Funds of Papua New Guinea (ASFPNG), emphasized that the Fund's digital innovation must be backed by practical and modernized legislation.

"The feedback we are getting from these virtual sessions directly mirrors the concerns raised by members right across the industry," Sharma said.

"We strongly support ASFPNG’s call for the Government to prioritize these long-standing reforms. The industry stands ready to work collaboratively with the Government to implement meaningful changes that improve member outcomes."

While the digital platform successfully guides members through eligibility requirements and documentation, it has continually exposed widespread frustrations with the current laws governing superannuation in PNG.

Members frequently question why they are limited to two advances, and why a second advance is strictly capped at the amount of the first.

“That is why we conduct sessions not only online but as awareness to our members, Nasfund is a authorised superannuation fund governed by the Superannuation Act of 2002,” Sharma added.

Nasfund Head of Marketing and Stakeholder Engagement, Melanie Lavaki, noted that leveraging technology is successfully broadening the Fund's reach and enhancing superannuation literacy efforts.

"Reintroducing these virtual sessions has noticeably increased awareness across all our communication channels," Lavaki said.

"Our branches remain crucial to how we operate, but these online sessions complement our physical engagements perfectly."

Members interested in learning more about the Housing Advance product are encouraged to participate in the virtual sessions and engage with the member service team for ongoing guidance.

PORT MORESBY - Securing a comfortable retirement should be achievable for every hardworking Papua New Guinean. Whether employed in the public or private sector, working for a small business, self-employed, or earning an income in the informal economy, everyone should have access to superannuation. Speaking on behalf of Nasfund CEO Rajeev Sharma at the recent Papua New Guinea Trade Union Congress (PNGTUC) and International Labour Organization (ILO) partnership workshop, Nasfund Head of Marketing and Stakeholder Engagement Melanie Lavaki highlighted the importance of extending retirement coverage to all workers.

The three-day workshop, Training for Trainers on Organising Methods, Strategies and Practices, focused on strengthening awareness of national policies, legislation and social protection measures for informal workers, while exploring ways trade unions can better organise and support the sector.

During Session XII: The Present and Future of Social Protection in PNG, Lavaki addressed the misconception that superannuation is only for workers in large formal organisations. While contributions are mandatory for larger employers, businesses with fewer than 15 employees and individuals can also save for retirement through voluntary contributions.

She highlighted Eda Supa, Nasfund's voluntary superannuation product, which is available to workers in both the formal and informal sectors, including self-employed individuals and non-citizens.

"Our aspiration at Nasfund is to see legislative reforms make superannuation access a mandatory right for every worker in PNG," Lavaki said.

She encouraged union representatives to promote superannuation as a source of replacement income in retirement, helping workers focus not only on when they retire, but on achieving meaningful long-term financial goals.

Lavaki also shared recommendations recently put forward by the Association of Superannuation Funds of Papua New Guinea (ASFPNG), led by Nasfund CEO and ASFPNG President Rajeev Sharma. The recommendations called for include:

• Universal superannuation coverage, including informal economy workers.
• Stronger protection of worker contributions and greater employer accountability.
• Improved superannuation literacy and preservation of retirement savings.

By advocating for broader superannuation coverage and stronger retirement protections, Nasfund continues to support a future where every worker in Papua New Guinea can retire with dignity.

Nasfund Chief Financial Officer Debbie Oli has highlighted the importance of financial literacy for women leaders, encouraging participants of the PNG Business Coalition for Women’s (BCFW) Senior Executive Women’s Programme (SEWP) Cohort 23 to build confidence in understanding and interpreting financial statements.

Speaking during the programme last week, Ms. Oli delivered a practical session aimed at helping participants understand financial reporting for women leaders from different professional backgrounds.

"The program had a mix of women with no finance background at all and some finance specialists," Ms. Oli said.

"My presentation focused on helping participants understand how to interpret financial statements."

During the session, Ms. Oli guided participants through the three fundamental financial statements, Balance Sheet, Income Statement, and Cash Flow Statement highlighting how each provides critical insights into an organisation’s financial position, performance, and sustainability.

She also emphasized the importance of understanding the role of finance within an organisation and identifying key financial indicators and potential red flags that leaders should be aware of when making strategic decisions.

The Senior Executive Women’s Programme (SEWP) Cohort 23 is a three-month leadership development initiative delivered by the PNG Business Coalition for Women. Designed for women in executive and senior management positions across Papua New Guinea, the programme aims to strengthen leadership capability, enhance business acumen, build confidence, and expand professional networks.

Drawing on her experience as an expert in finance Oli also shared practical insights on financial planning, introducing participants to the Supa Calculator as a tool to better understand long-term financial wellbeing and the effects of inflation on retirement savings.

"The exercise allowed participants to see how their spending habits could impact their future savings and to explore options that could help increase their Super balance over time," she explained.

Reflecting on her engagement with the cohort, Ms. Oli described the session as an interactive and meaningful conversation centered on empowering women to make informed financial decisions both professionally and personally.

SEWP continues to equip Papua New Guinean women leaders with the knowledge, skills, and networks needed to thrive in senior leadership roles and drive greater impact within their organisations.