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GLOBAL MASTERS FUND LIMITED Net Asset Value 2013

Nov 13, 2013

64981_rns_2013-11-13_78714fb8-09dd-4b69-a0e0-ec7389b26931.pdf

Net Asset Value

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10 November 2013

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

Net Tangible Asset Backing at 31 October 2013

The unaudited NTA of the Company was as follows:

Before estimatedtax on unrealisedgains After estimatedtax on unrealisedgains
at 31 October 2013 129.26 ¢ 122.77 ¢
at 30 September 2013 125.84 ¢ 120.63 ¢

There was a slight net increase in the value of the overseas investments at 31 October 2013 compared to the prior month end but the main thrust for the increase in the NAV shown above was from the Australian shares held.

For further information please call the Company Secretary on 1300 552 660.

Yours faithfully,

GLOBAL MASTERS FUND LIMITED

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Brian Jones Company Secretary

Global Masters Fund Limited ABN 84 109 047 618

Tel: +61 1300 552 660 Fax: +61 2 8815 5401 Email: [email protected] www.globalmastersfund.com.au

Level 1 12 O’Connell Street Sydney NSW 2000 Australia