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ECP EMERGING GROWTH LIMITED Net Asset Value 2016

Aug 4, 2016

64817_rns_2016-08-04_22bfa2a7-1d44-4ea8-ba7b-0b4456bb2717.pdf

Net Asset Value

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ABN 30 167 689 821

Suite 305, Level 3 343 George Street SYDNEY NSW 2000

05 August 2016

The Manager Company Announcements Office ASX Ltd Exchange Centre Level 6, 20 Bridge 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 – 31 July 2016

The unaudited NTA backing per share of the Company at 31 July 2016 was as follows:

Beforeestimated tax onunrealized gains Afterestimated tax onunrealized gains
at 31 July2016 121.2 c 115.7c
at 30 June 2016 111.6 c 109.6 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 31 July 2016 were as follows:

Name of Company Percentage of Total Portfolio
BT Investment Management 11.98 %
IPH Limited 10.89 %
Aconex Limited 8.84 %
Trade Me Group 8.82 %
Sirtex Medical 8.47 %
Total Top 5 Equity Investments 49.00%

OPTIONS

Options in Barrack St Investments Limited (ASX:BST) will expire at the close of business on 17 August 2016. If, you have any questions regarding the BST Options please call the Company Secretary on (02) 8815 5400.

Yours sincerely

BARRACK ST INVESTMENTS LIMITED

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Brian Jones Company Secretary