PRESS RELEASE FOR IMMEDIATE RELEASE
17 APRIL 2009
NET ASSET VALUE OF REINET FUND S.C.A. F.I.S. AS AT 31 MARCH 2009
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 31 March 2009 as follows:
Reinet Fund S.C. A. F.I.S. (‘the Fund’)
Net asset value statement as at 31 March
As at 31 March 2009, the net asset value (‘NAV’) of Reinet Fund S.C.A. F.I.S. amounted to € 1 847.96 million.
This valuation reflects the Fund’s holding of 84 303 670 shares in British American Tobacco p.l.c., its cash resources and other assets net of liabilities and accrued expenses. The assets and liabilities have been revalued to fair value as at 31 March 2009. The NAV calculation has not been audited.
The entire ordinary share capital of the Fund is owned by Reinet Investments S.C.A., a Luxembourg company incorporated as a securitisation vehicle. In addition, 1 000 management shares in the Fund are held by Reinet Fund Manager SA.
The net asset position of the Fund is a substantial element of the consolidated balance sheet of Reinet Investments S.C.A. at 31 March. However, the consolidated balance sheet of Reinet Investments will reflect other parent company assets or liabilities, including amounts payable to or receivable from the Fund. As such, the net asset value of Reinet Investments S.C.A. will differ from that of the Fund.
Reinet Investments SCA ordinary shares are listed on the Luxembourg Stock Exchange and Reinet Depository Receipts (‘DRs’), each representing a one tenth interest in a Reinet Investments S.C.A. ordinary share, are listed on the Johannesburg stock exchange.
It is anticipated that the preliminary announcement of the results of Reinet Investments S.C.A. for the year ended 31 March 2009 will be made in mid-May 2009 and that the audited, consolidated financial statements of the Company will be published by end-June 2009.
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
Net Asset Value of Reinet Fund S.C.A F.I.S as at 31 March 2009
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