RYDER CAPITAL LIMITED — Net Asset Value 2017

Jun 7, 2017

RYDER CAPITAL LIMITED

8 June 2017

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

Net Tangible Asset Backing per share at 31 May 2017

The monthly net tangible asset value of Ryder Capital Limited (RYD) shares as at 31 May 2017 was $1.1707 per share pre-tax and $1.1239 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)	0.63%	5.23%	18.36%	10.36%
Hurdle (RBA Cash Rate + 4.25% Return)	1.42%	2.82%	5.79%	5.97%
Excess Return	-0.79%	2.41%	12.57%	4.39%
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	19.0%
Equities	81.0%
Total	100.0%

Yours faithfully,

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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