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LION SELECTION GROUP LIMITED. Net Asset Value 2016

Jan 5, 2016

65271_rns_2016-01-05_acccacbc-7f36-491e-a778-4a9773df766e.pdf

Net Asset Value

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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 December 2015 is $0.29 per share (after tax).

**Commodity ** Market Value
A$M % Portfolio
Australia
Doray Minerals Gold 4.8
Rum Jungle Resources Phosphate 0.8
Auricup Resources Gold 0.9 21%
Africa
Roxgold Gold 4.2
Toro Gold Gold 1.2
Other Africa 1.2
Cash dedicated to Africa1 1.8 27%
Asia
One Asia Resources2 Gold 8.3
Erdene Resources Gold 1.0
Other Asia 0.7 33%
Iron
Americas Ore/Coal 0.2 1%
Uncommitted Net Cash 5.8 18%
Net Tangible Assets $30.9m 29¢/ share

1 Includes committed cash of US$1.2 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: [email protected]