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ECP EMERGING GROWTH LIMITED Net Asset Value 2017

Feb 12, 2017

64817_rns_2017-02-12_d4617cee-5a51-4422-8c7c-7a41c1635094.pdf

Net Asset Value

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ABN 30 167 689 821

13 February 2017

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 – 31 January 2017

The unaudited NTA backing per share of the Company at 31 January 2017 was as follows:

Beforeestimated tax onunrealized gains Afterestimated tax onunrealized gains
at 31 January2017 99.30 c 99.30 c
at 31 December 2016 104.08 c 104.08 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 January 2017 were as follows:

Name of Company Percentage of Total Portfolio
REA Group 11.27 %
Magellan Financial GroupLtd 11.00 %
Carsales.Com Ltd 9.82 %
Trade Me Group 7.30 %
TPG Telecom Limited 7.19 %
Total Top 5 Equity Investments 46.58%

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