KEYBRIDGE CAPITAL LIMITED — Net Asset Value 2015

Jan 14, 2015

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15 January 2015

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

Via Electronic Lodgement

Monthly Net Tangible Assets Per Share - December 2014

Date	Unaudited NTAper share after tax*
31 December 2014	23.7 cents
30 November 2014	23.4 cents

• Based on 158,693,510 shares on issue.

As at 31 December 2014, the value of the Company’s investments by asset class was as follows:

	December 2014	December 2014	November 2014	November 2014
	AUD million	% of total	AUD million	% of total
NetCash~~#~~	11.8	31%	11.8	32%
Infrastructure	6.8	18%	6.6	18%
Listed Equity	6.2	17%	6.3	17%
Private Equity	6.1	16%	5.9	16%
Foundation Life	3.6	10%	3.5	9%
Property	2.8	8%	2.8	8%
Lending	0.1	0%	0.2	1%
	37.6	100%	37.1	100%

Net of short-term creditor payment obligations.

Currency Exposure

The approximate breakdown of the Company’s foreign currency assets and liabilities is as follows:

	Assets	Liabilities	Net
USDollars	5.1m	-	5.1m
Euros	4.6m	-	4.6m
NZ Dollars	3.8m	-	3.8m

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

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Investments By Asset Class

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----- Start of picture text ----- Property8%Foundation Life10%Cash31%Private Equity16%Listed Equity Infrastructure17% 18%----- 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 infrastructure, listed equity, private equity, 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