KATANA CAPITAL LIMITED — Net Asset Value 2012

May 13, 2012

==> picture [139 x 91] intentionally omitted <==

ASX/MEDIA RELEASE

14 May 2012

NTA DISCLOSURE

Katana Capital Limited (ASX: KAT) (“Katana Capital”) gives notice that the unaudited Net Tangible Assets (NTA) per share after tax as at 30 April 2012 was $0.953 per share.

NTA Total after taxNTA Backing per share after taxNTA Backing per share before tax	% Change	30/4/2012	31/3/2012
	(1.95%)$37.083m$37.819m(1.02%)$0.953$0.963(1.02%)$0.953$0.963

- ENDS -

For more information about Katana Capital Limited, please contact:

Dalton Gooding Romano Sala Tenna Chairman - Katana Capital Ltd Investment Manager – Katana Asset Management Ltd +61 8 9327 1777 +61 8 9220 9888

Or visit: www.katanacapital.com.au

Katana Capital Limited ACN 116 054 301 C/- GPO Box Z5404 St Georges Tce, Perth WA 6831 Tel: 08 9220 9888 http://www.katanacapital.com.au