CD PRIVATE EQUITY FUND I — Net Asset Value 2013

Apr 11, 2013

12 April 2013

ASX: USF US Select Private Opportunities Fund (Fund)

NTA and Fund Update – 31 March 2013

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 March 2013 was $1.50* per Unit (28 February 2013 was $1.55 per Unit).

Fund update

Drawdowns –

On 8 March 2013, US Select Private Opportunities Fund, LP ( LP ) received its fourth drawdown request by Prometheus Partners IV, LP for a total consideration of approximately $810,537. This capital reflects capital requirements for the acquisition of six International House of Pancake ( IHOP ) restaurants in Atlanta, Georgia.

At 31 March 2013, the LP had received drawdown requests for a consideration of approximately US$10.0 million, or 14.4% of total LP committed funds.

Capital calls –

At 31 March 2013, approximately US$12.5 million had been called by the LP (or approximately 18.0% of capital committed). The Fund’s proportionate share is approximately US$10.7 million (an 85.5% share).

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.