LION SELECTION GROUP LIMITED. — Net Asset Value 2013

Aug 14, 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 July 2013 is $0.62 per share (after tax).

CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold4.7YTC ResourcesGold/Base Metals1.7Rum Jungle ResourcesPhosphate2.1Auricup ResourcesGold1.9Other Australia0.316%AfricaKasbah ResourcesTin1.9RoxgoldGold2.7Toro GoldGold1.2Other Africa1.8Cash dedicated to Africa13.817%AsiaOne Asia Resources2Gold21.0Sihayo GoldGold2.3Other Asia3.041%AmericasIron Ore/Coal0.81%Uncommitted Net Cash316.825%Net Tangible Assets$66.0m62¢/ share

1 Includes committed cash of US$3.3m to AFL3.

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

3 Includes $10m equity raising as announced on 19 June 2013. The NTA per share is based on 106,911,413 shares on issue, and includes shares that were allotted on 1 August 2013 as part of the equity raising.

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