CD PRIVATE EQUITY FUND II — Net Asset Value 2014

Feb 13, 2014

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14 February 2014

US Select Private Opportunities Fund II (Fund)

ASX: USG

NTA & Fund Update – 31 January 2014

NTA update

The estimated unaudited net tangible asset value before withholding tax on unpaid distributions at 31 January 2014 was $1.76* per Unit (31 December 2013 was $1.74* per Unit).

Fund update

At 31 January 2014, US Select Private Opportunities Fund II, LP ( LP ) had called US$20 million (or 29.4% of capital committed). The Fund’s proportionate share is approximately $17.0 million (an 85.2% share).

At 31 January 2014, the LP had committed a total of US$52.5 million (or 77.1% of total capital) in six underlying investments.

Drawdowns

During January, the LP received a drawdown request from High Road Capital Partners Fund II, LP for a consideration of approximately US$440,000.

At 31 January 2014, total net drawdowns from underlying investments were approximately US$10.1 million, or 14.9% 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.

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