COMPANY ANNOUNCEMENT FOR IMMEDIATE RELEASE
29 APRIL 2014
UNAUDITED NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 31 MARCH 2014
Reinet Investments S.C.A.’s wholly-owned subsidiary, Reinet Fund S.C.A., F.I.S. has today announced its unaudited net asset value as at 31 March 2014 as follows:
Reinet Fund S.C.A., F.I.S. (‘the Fund’)
Unaudited net asset value statement as at 31 March 2014
As at 31 March 2014, the unaudited net asset value (‘NAV’) of the Fund amounted to € 4 123 million, a decrease of € 6 million from 31 December 2013.
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 31 March 2014. The NAV calculation is subject to completion of the audit.
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 31 March 2014. 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.
It is anticipated that the preliminary announcement of the results of Reinet Investments S.C.A. for the year ended 31 March 2014 and its net asset value at that date will be released during the week commencing 19 May 2014.
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 in Johannesburg, its secondary listing.
Reinet Investments S.C.A.
R.C.S. Luxembourg B 16.576
Registered office: 35, boulevard Prince Henri, L-1724 Luxembourg