CD PRIVATE EQUITY FUND I — Net Asset Value 2013

Oct 13, 2013

14 October 2013

US Select Private Opportunities Fund (Fund)

ASX: USF

NTA & Fund Update – 30 September 2013

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 September was $1.67* per Unit (31 August 2013 was $1.72* per Unit).

Fund update

Capital calls

At 30 September 2013, the US Select Private Opportunities Fund, LP ( LP ) had called US$22.5 million (or 32.3% of capital committed). The Fund’s proportionate share is approximately US$19.2 million (an 85.5% share).

Drawdowns

During September, the LP received a capital return from Incline Equity Partners III, LP, comprising income from investment activities and a recallable capital contribution.

The LP also received a drawdown request from Trivest Partners Fund V, LP to cover investments, management fees and fund expenses.

At 30 September 2013, the LP had received net drawdown requests from underlying investments of approximately US$14.4 million, or 20.8% of total funds committed to the LP.

For more information, contact:

Alex MacLachlan 1300 454 801

*Source: Dixon Advisory & Superannuation Services Limited – historical performance is not a guarantee of the future performance of the Fund

The US Select Private Opportunities Fund was the first Australian-listed fund with a primary strategy of investing in US small-to-mid-market private investment funds, adopting a fund-of-funds investment strategy.