LION SELECTION GROUP LIMITED. — Net Asset Value 2013

Nov 6, 2013

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ASX RELEASE : LSX

Net Tangible Asset Backing

Lion Selection Group Limited (Lion) advises that the unaudited net tangible asset backing of Lion as at 31 October 2013 is $0.62 per share (after tax).

		CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold5.3	CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold5.3	CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold5.3	CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold5.3	CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold5.3	CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold5.3	CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold5.3	CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold5.3
		Rum Jungle ReAuricup ResouOther Australi		sourcesPhosphate2.0rcesGold1.1a0.814%
		AfricaRoxgoldGold3.5Kasbah ResourcesTin2.2
		Toro GoldGold1.8Other Africa1.7Cash dedicated to Africa13.018%AsiaOn Ai Rr2Gld296
		e sa esouceso.Sihayo GoldGold1.4Other Asia2.951%
		Amer	icas		Iron	Ore/Coal1.2	2%
UncoNet T		UncoNet T	mmitted Net Caangible Assets		sh	10.2$66.7	15%m**62¢/ **	share
			1 Includes committed c2One Asia at a value of		ash of US$2.8 million tA$0.75/share.	o AFL3.

1 Includes committed cash of US$2.8 million to AFL3.

2 One Asia at a value of A$0.75/share.

Note: The above table includes investments held directly by Lion and the value to Lion of investments which are held by African and Asian Lion Funds

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