KEYBRIDGE CAPITAL LIMITED — Net Asset Value 2015

Aug 25, 2015

==> picture [594 x 86] intentionally omitted <==

26 August 2015

The Manager ASX Markets Announcements Australian Securities Exchange Exchange Centre Level 4, 20 Bridge Street Sydney NSW 2000

Via Electronic Lodgement

Monthly Net Asset Value Per Share – July 2015

Date	Unaudited NAV per**share after tax **
31July2015	20.3 cents*
30 June 2015	20.2 cents*

• Based on 159,354,286 quoted shares on issue

As at 31 July 2015, the value of Keybridge’s investments by asset class was as follows:

CashListedEquityInfrastructurePrivateEquityFundsManagementInsurancePropertyNet ShortTerm-Liabilities*Convertible Redeemable PromissoryNotesNet Assets	**July **	2015	June 2015	June 2015
	AUD**million **	% of total	AUD**million **	% of total
	2.8	7%	2.3	6%
	13.8	35%	14.7	37%
	7.0	18%	6.7	17%
	6.8	17%	6.5	16%
	3.8	10%	3.8	10%
	3.2	8%	3.1	8%
	2.3	6%	2.3	6%
	39.7	100%	39.4	100%
	2.4		2.2
	5.0		5.0
	32.3		32.2

• Net of current assets

Currency Exposure

The breakdown of Keybridge’s net currency exposure, as a percentage of total NAV (Australian Dollar equivalent) is as follows:

equivalent) is as follows:
	Net Foreign CurrencyAssets % of NAV
Australian Dollars	75%
Euros	13%
USDollars	10%
New ZealandDollars	2%

This net foreign currency asset position means that Keybridge incurs translation losses when the Australian Dollar appreciates in value against the US Dollar, Euro and NZ Dollar.

==> picture [596 x 57] intentionally omitted <==

==> picture [211 x 51] intentionally omitted <==

Investments By Asset Class

==> picture [200 x 196] intentionally omitted <==

----- Start of picture text ----- FundsCashManagement 7%10%Property6% InfrastructureInsurance 18%8%Private Equity17%Listed Equity35%----- End of picture text -----

Keybridge Capital is a financial services company that has invested in, or lent to, transactions which predominantly are in the core asset classes of funds management, infrastructure, listed equity, private equity, insurance, property and lending.

For further information, please contact:

Adrian Martin Chief Financial Officer Tel: +61 2 8622 6692 Email: amartin@keybridge.com.au www.keybridge.com.au