CADENCE CAPITAL LIMITED — Net Asset Value 2008

Sep 21, 2008

==> picture [178 x 57] intentionally omitted <==

WEEKLY NET TANGIBLE ASSETS PER SHARE ESTIMATE

The NTA per share Estimate for Cadence Capital Limited, as at 19th September 2008, is as follows:

Cadence Capital Limited	NTA
Gross	$1.18143
Post Fees	$1.12925
Pre Tax	$1.00764
Post Tax*	$1.03216

*Including net deferred taxed assets (deferred taxed assets less deferred tax liabilities)

Regards Karl

==> picture [85 x 56] intentionally omitted <==

Karl Siegling Cadence Capital Limited

Cadence Capital Ltd Pty Ltd ACN 112 870 096 Level 11, 131 Macquarie Street, Sydney NSW 2000 Australia Telephone +612 8298 2444, Facsimile +612 8298 2499 Email: info@cadencecapital.com.au