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ORION EQUITIES LIMITED Net Asset Value 2004

Nov 7, 2004

65486_rns_2004-11-07_641f825a-cc2e-48dd-ac25-4e6957a5e390.pdf

Net Asset Value

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Monday, 8 November 2004

MARKET ANNOUNCEMENT

Net Tangible Asset Backing - 31 October 2004

Month Ending: 31 October 2004
Net tangible assets $(1)$ (before tax) \$18.721m
Pre-Tax NTA Backing per Share \$1.0872
Net tangible assets (after tax) $(2)$ \$18.575m
Post-Tax NTA Backing per Share \$1.0787
Based on total issued share capital 17,219,996

Notes:

  • $(1)$ The Company's investments are valued at net realisable market value.
  • $(2)$ The post-tax NTA backing figure is reported net of provision for tax liabilities on realised and unrealised gains on investments.

Further information:

Victor Ho Company Secretary $T$ | +61 8 9214 9797 E | [email protected]

www.centralexchange.com.au CENTRAL EXCHANGE LIMITED Level 14, 221 St Georges Terrace, Perth WA 6000 $T$ | + 61 (8) 9214 9797 $F$ | + 61 (8) 9322 1515

A.B.N. 77 000 742 843

E | [email protected]