LION SELECTION GROUP LIMITED. — Capital/Financing Update 2013

Aug 18, 2013

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ASX RELEASE : LSX

Lion to support One Asia Rights Issue

Today Lion has agreed to partly underwrite an upcoming rights issue for its investee One Asia Resources Limited (One Asia) for $7.5 million. One Asia is an unlisted exploration company focused on the exploration for gold resources and development of gold mines in Sulawesi, Indonesia. One Asia’s rights issue is seeking to raise approximately $21 million at $0.65/share. Lion and other underwriters have committed to underwrite $15.5 million of this rights issue.

For the purposes of Lion’s Net Tangible Asset (NTA) backing as at 31 July 2013 One Asia was valued at $0.75/share. Lion believes this valuation continues to be appropriate, reflecting that the rights issue pricing represents a small discount to this valuation as would normally be the case for a listed company, and noting that the rights issue is largely an internal raising from existing shareholders. In addition, One Asia is having outstanding exploration success at the Pani project where an initial JORC Resource of 1.88 Moz was announced on 22 May 2013.

Robin Widdup from the Lion team has agreed to become a non-executive director of One Asia.

Lion Selection Group Limited ABN 26 077 729 572 Level 4, 15 Queen Street, Melbourne Vic 3000 T: +61 3 9614 8008 F: +61 3 9614 8009 www.lsg.com.au

Further enquiries: Jane Rose Investor Relations Manager E: jrose@lsg.com.au