WAM ACTIVE LIMITED — Investor Presentation 2011

Jul 19, 2011

Wilson Asset Management

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Superior Returns from Small to Mid Cap Sector

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Small to Medium Listed Company
Investment focus
LIC Structure + Experienced
benefits team
Investment + Flexible + Tight cost
Process Mandate control
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Our Funds

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	WAM Capital (WAM)	WAM Research (WAX)	WAM Active (WAA)
Share price	$1.56	$0.70	$1.01
Discount to NTA	7.5%	18.7%	9.1%
Fully Franked Dividend Yield	6.4%	8.6%	7.9%

WAM Performance

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	1 Yr %	3 Yrs %pa	5 Yrs %pa	10 Yrs %pa	Since Inception (Aug-99) %pa
WAM Capital (WAM) ASX All Ordinaries Accum Index Outperformance	+17.9% +12.2% +5.7%	+14.0% -0.2% +14.2%	+10.4% +2.6% +7.8%	+16.3% +7.4% +8.9%	+18.7% +8.2% +10.5%

Disclaimer

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This presentation has been prepared for use in conjunction with a verbal presentation and should be read in that context.

Information for the graphs, charts and quoted indices contained in this presentation has been sourced from IRESS Market Technology, Macquarie Research, Goldman Sachs, Ibbotson Associates, Collins Stewart and WAM Capital Ltd, WAM Research Ltd and WAM Active Ltd unless otherwise stated.

The information in this presentation is only intended for Australian residents.

The presentation purpose is only to provide information and does not purport to give investment advice. We strongly suggest that investors consult a financial adviser prior to making any investment decision.

The presentation does not take into account the investment objectives, financial situation or particular needs of any person and should not be used as the basis for making investment, financial or other decisions. The information is selective and may not be complete or accurate for your particular purposes and should not be construed as a recommendation to invest in any particular investment or security, or Fund offered by Wilson Asset Management.

The information provided in the presentation is given in good faith and is believed to be accurate at the time of compilation. Neither Wilson Asset Management, WAM Capital Ltd, WAM Research Ltd and WAM Active Ltd nor its directors or employees make any representation or warranty as to the accuracy, reliability, timeliness or completeness of the information. To the extent permissible by law, Wilson Asset Management, WAM Capital Ltd, WAM Research Ltd and WAM Active Ltd and its director and employees disclaim all liability (whether arising in contract, tort, negligence or otherwise) for any error, omission, loss or damage (whether direct, indirect, consequential or otherwise).

Performance figures quoted in the report are past performance. Past performance is not an indicator of future performance. Neither Wilson Asset Management, WAM Capital Ltd, WAM Research Ltd and WAM Active Ltd nor its directors or employees guarantee or make any representation as to the performance of the Funds, the maintenance or repayment of capital, the price at which shares may trade or any particular rate of return.