CD PRIVATE EQUITY FUND II — Net Asset Value 2013

Oct 13, 2013

==> picture [595 x 145] intentionally omitted <==

14 October 2013

US Select Private Opportunities Fund II (Fund)

ASX: USG

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 $1.69* per Unit (31 August 2013 was $1.76* per Unit).

Fund update

At 30 September 2013, US Select Private Opportunities Fund II, LP ( LP ) had committed a total of US$40 million (or 58.8% of total capital) in four underlying investments.

Capital call

At 30 September 2013, the LP had made one capital call for consideration of US$10.0 million, representing 14.7% of capital committed. The Fund’s proportionate share of this is approximately US$8.5 million (an 85% share).

Drawdowns

During September, the LP received both a capital return and drawdown from Trive Capital Fund I, LP, and a drawdown from Tengram Capital Partners Gen2 Fund, LP. At 30 September 2013, drawdowns from underlying investments total approximately US$5.7 million, or 8.4% of total funds committed to the LP.

For more information, contact:

Alex MacLachlan 1300 454 801

*Source: Walsh & Company Investments Limited – historical performance is not a guarantee of the future performance of the Fund

The US Select Private Opportunities Fund II has a primary strategy of investing in US smallto-mid-market private investment funds, adopting a fund-of-funds strategy.

==> picture [595 x 69] intentionally omitted <==