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LEFROY EXPLORATION LIMITED Net Asset Value 2014

Oct 12, 2014

65225_rns_2014-10-12_ec919762-04c6-41a5-aefa-71823e90e012.pdf

Net Asset Value

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TO : Company Announcement Officer COMPANY : ASX SUBJECT : US Masters Holdings Limited – Net Tangible Asset Backing DATE : 13 October 2014 Dear Sirs, Please find detailed below the following information as at 30 September 2014: Net Tangible Asset Backing Net Assets (after deduction of liabilities) A$ 49,662 Number of securities on issue 24,388,920 Net Tangible Asset Backing A$ 0.0020

Please note:

  • As at 30 September 2014 the Net Assets shown above included A$ 78,984 in unrealised investment losses;

  • The above figures are based on information available at this time and are subject to audit.

Kind regards,

US Masters Holdings Limited

==> picture [109 x 57] intentionally omitted <==

Director

U.S. Masters Holdings Limited

ARBN 052 123 930 Phone +612 8314 5580 Fax +612 8314 5555 Email [email protected]

www.ushmasters.com

Australian Registered Office: Suite 2 Level 40 88 Phillip Street Sydney NSW 2000 Australia Head Office: Palm Grove House Roadtown Tortola British Virgin Islands