ECP EMERGING GROWTH LIMITED — Net Asset Value 2015

Apr 14, 2015

S u i t e 3 0 5 , L e v e l 3 3 4 3 G e o r g e S t r e e t S Y D N E Y N S W 2 0 0 0 T e l : 0 2 8 6 5 1 6 8 0 0 F a x : 0 2 8 6 5 1 6 8 9 9 P O B O X R 8 4 8 R o y a l E x c h a n g e N S W 1 2 2 5

10 April 2015

Company Announcements Office Australian Stock Exchange Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 1215

Net Tangible Asset Backing at 31March 2015

The unaudited NTA of the Company was as follows:

	Beforeestimated taxon unrealisedgains	Afterestimated taxon unrealisedgains
at 31 March 2015at 28 February 2015	103.70 c104.93 c	102.12 c102.53 c

The NTA per share of the company decreased slightly (before tax on unrealized gains) at 31 March 2015 compared to 28 February 2015.

As mentioned before, the funds in the Company have been invested in companies that meet our financial metrics including organic sales growth, earnings and dividend growth and which we believe will provide the impetus for an improvement in valuations over our three year time horizon.

For further information please call the Company Secretary on (02) 8815 5400.

Yours faithfully,

BARRACK ST INVESTMENTS LIMITED

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Brian Jones

Company Secretary