COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
21 October 2015
NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 30 SEPTEMBER 2015
Reinet Investments S.C.A.’s wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. has today announced its net asset value as at 30 September 2015 as follows:
Reinet Fund S.C.A., F.I.S. (‘the Fund’)
Net asset value statement as at 30 September 2015
As at 30 September 2015, the net asset value (‘NAV’) of the Fund amounted to € 5 083 million, a decrease of € 74 million from 30 June 2015.
This valuation reflects the Fund’s shareholding in British American Tobacco p.l.c., its other investments and cash resources, together with other assets and liabilities. Assets and liabilities have been revalued to their estimated fair values as at 30 September 2015. The NAV calculation has not been audited.
The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager S.A.
The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 30 September 2015. However, the consolidated balance sheet of Reinet Investments S.C.A. will reflect other parent company assets and liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. differs from that of the Fund.
Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
Reinet Investments S.C.A. is a partnership limited by shares incorporated in the Grand Duchy of Luxembourg and having its registered office at 35, boulevard Prince Henri, L-1724 Luxembourg. It is governed by the Luxembourg law on securitisation and in this capacity allows its shareholders to participate indirectly in the portfolio of assets held by its wholly-owned subsidiary Reinet Fund S.C.A. F.I.S., a specialised investment fund also incorporated in Luxembourg. Reinet Investments shares are listed on the Luxembourg Stock Exchange, its primary listing, and Reinet Investments South African Depository Receipts are listed on the Johannesburg Stock Exchange, its secondary listing.
Reinet Investments S.C.A.
R.C.S. Luxembourg B 16 576