CD PRIVATE EQUITY FUND II — Net Asset Value 2013

Sep 12, 2013

13 September 2013

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

US Select Private Opportunities Fund II (Fund)

ASX: USG

NTA & Fund Update – 31 August 2013

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 August 2013 was $1.76* per Unit (31 July 2013 was $1.75 per Unit).

Fund update

At 31 August 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 31 August 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

Drawdowns from underlying investments total approximately US$5.9 million, or 8.7% of total funds committed to the LP.

Investment update

During August, US Select Direct Private Equity (US), LP ( US Direct ) completed its first investment, investing alongside DFW Capital Partners ( DFW ) in the parent entity of Sebela International, Ltd and Sebela Pharmaceuticals, Inc. ( Sebela ), a newly-formed specialty pharmaceutical acquisition and licensing platform. The equity investment was made to support the acquisition of a portfolio of branded prescription pharmaceutical products serving the gastroenterology and dermatology markets. For more information see www.sebelapharma.com.

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 <==