REI - Reinet Investments S.C.A. Depositary Receipts - Net asset value of Reinet
Fund S.C.A., F.I.S. as at 30 June 2011
Reinet Investments S.C.A. Depositary Receipts
issued by Reinet Securities SA
(Incorporated in Switzerland)
Depositary Receipt Code: REI
PRESS RELEASE FOR IMMEDIATE RELEASE
14 JULY 2011
NET ASSET VALUE OF REINET FUND S.C.A., F.I.S. AS AT 30 JUNE 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 June 2011 as follows:
Reinet Fund S.C.A., F.I.S. (`the Fund`)
Net asset value statement as at 30 June 2011
As at 30 June 2011, the net asset value (`NAV`) of Reinet Fund S.C.A., F.I.S.
amounted to Euro 2 997.2 million, an increase of Euro 210.9 million from 31
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 June 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
The net asset position of the Fund is a substantial element of the consolidated
balance sheet of Reinet Investments S.C.A. at 30 June 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.
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 14/07/2011 17:30:01 Supplied by www.sharenet.co.za
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