CD PRIVATE EQUITY FUND I — Net Asset Value 2013

Jul 11, 2013

12 July 2013

US Select Private Opportunities Fund (Fund)

ASX: USF

NTA and Fund Update – 30 June 2013

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 30 June 2013 was $1.69* per Unit (31 May 2013 was $1.62 per Unit).

Fund update

At 30 June 2013, US Select Private Opportunities Fund, LP ( LP ) had committed a total of US$63 million (or 90.5% of total capital) in six underlying investments.

Capital calls

At 30 June 2013, total capital called by the LP is US$17.5 million (or 25.2% of capital committed). The Fund’s proportionate share is approximately US$15.0 million (an 85.5% share).

Drawdowns

During the month of June, the LP received two drawdown requests from Trivest Capital Partners ( Trivest ) for total consideration of approximately US$770,000. The first drawdown is to invest in American Covers, Inc. (Handstands), a company founded in 1983, specialising in designing and marketing branded automotive air freshener products sold into retail channels. The second drawdown is to cover partnership expenses and management fees for the third quarter of 2013.

At 30 June 2013, the LP had received net drawdown requests from underlying investments of approximately US$10.9 million, or approximately 15.6% of total LP committed funds.

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 is 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.