THORNEY OPPORTUNITIES LTD — Net Asset Value 2017

Aug 13, 2017

THORNEY OPPORTUNITIES LTD ACN 080 167 264

ASX Announcement Date: 14 August 2017

ASX Code: TOP

MONTHLY NET TANGIBLE ASSET BACKING STATEMENT – JULY 2017

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

Net Tangible Asset backing per share (NTA)

NTA current month¹	Before Tax	After Tax
31 July 2017	78.2 cents	73.4 cents
NTA last month¹	Before Tax	After Tax
30 June 2017	75.6 cents	71.6 cents
NTA lastyear	Before Tax	After Tax
30 June 2016	60.3 cents	60.3 cents
¹ June and July 2017 figures are unaudited

Please direct enquiries to: Craig Smith Company Secretary craig.smith@thorney.com.au T: + 61 3 9921 7116

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