THORNEY OPPORTUNITIES LTD — Net Asset Value 2016

Feb 11, 2016

THORNEY OPPORTUNITIES LTD

ACN 080 167 264

ASX Announcement Date: 12 February 2016 ASX Code: TOP

MONTHLY NET TANGIBLE ASSET BACKING STATEMENT – JANUARY 2016

In accordance with ASX Listing rule 4.12 we advise the following:

Net Tangible Asset backing per share (NTA)

NTA as at 31 January 2016

NTA as at 31 December 2015 [Updated]

55.8 cents per share 55.8 cents per share

Please direct enquiries to:

Craig Smith Company Secretary T: + 61 3 9921 7116

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100