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ECP EMERGING GROWTH LIMITED Net Asset Value 2016

Oct 9, 2016

64817_rns_2016-10-09_ae75cfe9-4c28-469d-b768-019fbc5690dd.pdf

Net Asset Value

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ABN 30 167 689 821

10 October 2016

The Manager Company Announcements Office ASX Ltd Exchange Centre Level 6, 20 Bridge Street SYDNEY NSW 2000

Suite 305, Level 3 343 George Street SYDNEY NSW 2000

Telephone 02 8651 6800 Facsimile 02 8651 6899

www.barrackst.com

Dear Sir

Net Tangible Asset (NTA) Backing per Share & Top 5 Investments – 30 September 2016

The unaudited NTA backing per share of the Company at 30 September 2016 was as follows:

Beforeestimated tax onunrealized gains Afterestimated tax onunrealized gains
at 30 September 2016 112.00c 110.47 c
at 31 August 2016 115.47 c 112.47 c

The NTA figures shown above are before and after the provision for deferred tax on the unrealized gains in the Company’s investment portfolio. The Company is a long-term equity investor and does not intend to dispose of its total portfolio.

The top five investments of the Company at 30 September 2016 were as follows:

Name of Company Percentage of Total Portfolio
BT Investment Management 10.78 %
REA Group 10.53 %
Magellan Financial GroupLtd 8.83 %
Sirtex Medical 8.24 %
Carsales.Com Ltd 8.09 %
Total Top 5 Equity Investments 46.47%

If, you have any questions please call the Company Secretary on (02) 8815 5400.

Yours sincerely

BARRACK ST INVESTMENTS LIMITED

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Brian Jones Company Secretary