THORNEY OPPORTUNITIES LTD — Net Asset Value 2016

Jan 12, 2016

THORNEY OPPORTUNITIES LTD

ACN 080 167 264

ASX Announcement Date: 13 January 2016 ASX Code: TOP

MONTHLY NET TANGIBLE ASSET BACKING STATEMENT – DECEMBER 2015

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

Net Tangible Asset backing per share (NTA)

NTA as at 31 December 2015

NTA as at 30 November 2015

56.2 cents per share 56.7 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