RYDER CAPITAL LIMITED — Net Asset Value 2017

Apr 6, 2017

RYDER CAPITAL LIMITED

7 April 2017

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

Net Tangible Asset Backing per share at 31 March 2017

The monthly net tangible asset value of Ryder Capital Limited (RYD) shares as at 31 March 2017 was $1.1839 per share pre-tax and $1.1326 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)	4.34%	5.79%	19.61%	12.39%
Hurdle (RBA Cash Rate + 4.25% Return)	1.39%	2.82%	5.85%	5.99%
Excess Return	2.95%	2.97%	13.76%	6.39%
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	24.7%
Equities	75.3%
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