RYDER CAPITAL LIMITED — Net Asset Value 2016

Nov 8, 2016

RYDER CAPITAL LIMITED

9 November 2016

Market Announcements Platform Australia Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Net Tangible Asset Backing per share at 31 October 2016

The monthly net tangible asset value of Ryder Capital Limited (RYD) shares as at 31 October 2016 was $1.1191 per share pre-tax and $1.0839 per share post-tax.

Investment Performance[(1)]

Investment Performance(1)
	3 Months	6 Months	1 Year	Since Inception(2)
				(%per annum)
NTA Return (Pre Tax)	8.39%	15.11%	12.34%	11.58%
Hurdle (RBA Cash Rate + 4.25%)	1.42%	2.92%	6.08%	6.08%
Excess Return	6.97%	12.19%	6.26%	5.49%
NTA Return (Pre Tax) - RBA Cash Rate + 4.25%

1. Unaudited investment performance less all costs of operating Ryder Capital Ltd including investment management and performance fees

2. Inception Date of 22 September 2015

Portfolio Asset Allocation

Cash	33.4%
Equities	66.6%
Total	100.0%

Yours faithfully,

==> picture [93 x 28] intentionally omitted <==

David Bottomley Company Secretary

Level 25, 88 Phillip Street SYDNEY NSW 2000 I www.rydercapital.com.au T +61 (2) 8211 2790 F +61 (2) 8211 0555 I ABN 57 606 695 854