PRESS RELEASE FOR IMMEDIATE RELEASE
14 OCTOBER 2011
NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 30 SEPTEMBER 2011
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 2011 as follows:
Reinet Fund S.C.A., F.I.S. (‘the Fund’)
Net asset value statement as at 30 September 2011
As at 30 September 2011, the net asset value (‘NAV’) of Reinet Fund S.C.A., F.I.S. amounted to € 3 182.7 million, an increase of € 185.5 million from 30 June 2011.
This valuation reflects the Fund’s holding of 84 303 670 shares in British American Tobacco p.l.c., its other investments, cash resources, other assets and liabilities. The assets and liabilities have been revalued to their fair values as at 30 September 2011. 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 2011. 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. may differ from that of the Fund.
Reinet Investments S.C.A. ordinary shares are listed on the Luxembourg Stock Exchange and Reinet Depositary Receipts (‘DR’s”), each representing a one tenth interest in a Reinet Investments S.C.A. ordinary share, are listed on the Johannesburg Stock Exchange.
Reinet Investments Manager S.A.
for and on behalf of Reinet Investments S.C.A.
Reinet Investments S.C.A.
Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg