LION SELECTION GROUP LIMITED. — Net Asset Value 2016

Mar 6, 2016

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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 29 February 2016 is $0.31 per share (after tax).

		Commodity Market ValueA$M% PortfolioAustraliaDoray MineralsGold6.6Rum Jungle ResourcesPhosphate0.9Auricup ResourcesGold0.925%Africa	Commodity Market ValueA$M% PortfolioAustraliaDoray MineralsGold6.6Rum Jungle ResourcesPhosphate0.9Auricup ResourcesGold0.925%Africa	Commodity Market ValueA$M% PortfolioAustraliaDoray MineralsGold6.6Rum Jungle ResourcesPhosphate0.9Auricup ResourcesGold0.925%Africa	Commodity Market ValueA$M% PortfolioAustraliaDoray MineralsGold6.6Rum Jungle ResourcesPhosphate0.9Auricup ResourcesGold0.925%Africa	Commodity Market ValueA$M% PortfolioAustraliaDoray MineralsGold6.6Rum Jungle ResourcesPhosphate0.9Auricup ResourcesGold0.925%Africa	Commodity Market ValueA$M% PortfolioAustraliaDoray MineralsGold6.6Rum Jungle ResourcesPhosphate0.9Auricup ResourcesGold0.925%Africa
		RT	oxgoldGold5.1oro GoldGold1.1
		OC	ther Africa1.3ash dedicated to Africa11.6	2	7%
		AOEr	siane Asia Resources2Gold8.3dene ResourcesGold1.1
		O	ther Asia0.6I	3	%
		AmericasronOre/Coal0.21%Uncommitted Net Cash5.917%Net Tangible Assets$33.6m31¢/ share

1 Includes committed cash of US$1.1 million to AFL3.

2 One Asia at a value of A$0.18/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 2, 175 Flinders Lane, Melbourne Vic 3000 T: +61 3 9614 8008 F: +61 3 9614 8009 www.lsg.com.au

Further enquiries: Craig Smyth E: csmyth@lsg.com.au