Voluntary NAV update

EPE CAPITAL PARTNERS LTD ("ETHOS CAPITAL" OR "THE COMPANY")

13 DEC 2016

EPE 201612130001A
Voluntary NAV update

EPE CAPITAL PARTNERS LIMITED (Incorporated in the Republic of Mauritius)
(Registration number: C138883 C1/GBL)
ISIN: MU0522S00005
Share Code: EPE
(‘Ethos Capital’ or ‘the Company’)

VOLUNTARY NAV UPDATE

In accordance with the JSE Limited Listings Requirements, Ethos Capital has set out below an updated Net Asset Value (‘NAV’) for the month ended 30 November 2016.

NAV
The NAV as at 30 November 2016 was R1.79 billion, reflecting the IPO proceeds net of listing expenses and the return achieved on Temporary Investments less other operating expenditure for the four months ended 30 November 2016. This equates to a NAV per ordinary share (adjusted)*
of R9.95.

Post the completion, earlier in December, of the Primary and Secondary Investments as noted in the Voluntary Investment update issued on 21 November 2016, the Company’s net invested capital (including unfunded guarantees) amounts to more than 20% of the NAV whereas the rest of the NAV is largely invested in Temporary Investments. Furthermore, the Company has total commitments of approximately 39% of its NAV.

*adjusted to exclude the encumbered shares issued to Ethos Private Equity.

The financial information on which this announcement is based has not been reviewed and reported on by the Company’s external auditors.

Johannesburg

DATE:

13-12-2016

SPONSOR:

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 13/12/2016 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.