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ECP EMERGING GROWTH LIMITED Net Asset Value 2018

Apr 4, 2018

64817_rns_2018-04-04_18587a48-3d63-405a-8b3b-979903153d45.pdf

Net Asset Value

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ABN 30 167 689 821

05 April 2018

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 1800 352 474 Facsimile 02 8651 6899

www.barrackst.com

Dear Sir

Net Tangible Asset (NTA) Backing per Share & Top 5 Investments – 31 March 2018

The unaudited NTA backing per share of the Company at 31 March 2018 was as follows:

Beforeestimated tax onunrealised gains Afterestimated tax onunrealised gains
at 31 March 2018 108.7 c 108.3 c
at 28 February 2018 113.0 c 111.5 c

The NTA figures shown above are before and after the provision for deferred tax on the unrealised 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 March 2018 were as follows:

Name of Company Percentage of Total Portfolio
Domino Pizza Enterprises 7.37 %
Magellan Financial GroupLtd 6.93 %
CorpTravel Limited 6.39 %
Reliance Worldwide 6.36 %
Carsales.Com Ltd. 5.78 %
Total Top 5 Equity Investments 32.83%

If you have any questions, please call the Company Secretary on 1800 352 474.

Yours sincerely

BARRACK ST INVESTMENTS LIMITED

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Brian Jones Company Secretary