COG FINANCIAL SERVICES LIMITED — Net Asset Value 2016

Apr 11, 2016

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ASX Company Announcements

12 April 2016

The Manager Australian Securities Exchange 20 Bridge Street Sydney NSW 2000

Net Tangible Asset Value (NTA) as at 31 March 2016 on a Company Basis

Armidale Investment Corporation Limited (AIK) has determined that AIK falls within the definition of Investment Entity as set out in the Australian Accounting Standards Board (AASB) AASB 2013-5 Amendment to Australian Accounting Standards – Investment Entities.

Due to the adoption of AASB 2013-5, there is only one NTA to be reported, the Company basis.

As per ASX announcement on 1 April 2016, due to the settlement of debt in Hal to Solar Fund, there is a revaluation on the AIK holding in the Hal Loan Note of $1,714,948, which has had a positive impact on the 31 March 2016 NTA below.

The unaudited NTA value per share (after all taxes, fees and expenses) for 31 March 2016 is reported below:

	Company
Net Assets	$74,538,644
Intangible Assets	$ 240,397
NTA	$74,298,247
NTAper share	13.56 cents

It is noted that AIK’s accounting treatment under AASB 2013-5 Amendment to Australian Accounting Standards – Investment Entities , is a separate exercise and unrelated to the requirements and definition of an Investment Entity (or “LIC”) under Chapter 19 of the ASX Listing Rules.

For further information please contact:

Andrew Grant	David Franks
Executive Director	Company Secretary
0415 166 090	02 9299 9690