BENJAMIN HORNIGOLD LIMITED — Net Asset Value 2017

Sep 13, 2017

Benjamin Hornigold Ltd ACN 614 854 045

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ASX Announcement (ASX: BHD)

14 September 2017

Update - Unadjusted net tangible asset backing

Benjamin Hornigold Ltd (ASX: BHD) ( Company ) advises that the indicative estimate[1] of the unadjusted net tangible assets ( NTA ) of the Company’s investment portfolio is as follows:

NTA before tax: $1.042 NTA after tax: $1.038 NTA performance following the Company’s 8.23% admission on 11 May 2017 before the application of taxes and other adjustments:

ENDS

Stuart McAuliffe Executive Chairman Benjamin Hornigold Ltd E: stuart@benjaminhornigold.com.au

1 The estimate may not include the impact of all corporate actions for the month-to-date. The estimate is based primarily on internal data and should not be relied upon as being accurate.