LION SELECTION GROUP LIMITED. — Net Asset Value 2013

Jul 2, 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 30 June 2013 is $0.62 per share (after tax).

CommodityMarketValueA$M% PortfolioAustraliaDoray MineralsGold3.1YTC ResourcesGold/Base Metals1.6Rum Jungle ResourcesPhosphate1.7Auricup ResourcesGold1.9Other Australia0.214%AfricaKasbah ResourcesTin1.4Toro GoldGold2.2Other Africa3.0Cash dedicated to Africa15.120%AsiaOne Asia Resources2Gold21.0Sihayo GoldGold3.0Other Asia3.146%AmericasIron Ore/Coal0.71%Uncommitted Net Cash311.119%Net Tangible Assets$59.1m62¢/ share

1 Includes committed cash of US$3.9m to AFL3.

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

3 Includes $3.9m of $5.0m placement as part of $10m equity raising as announced on 19 June 2013. Remainder of placement is subject to shareholder approval. A SPP underwritten for up to $5.0m is due to close on 22 July 2013 (underwriting subject to shareholders approval).

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