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REI - Reinet Investments S.C.A. Depositary Receipts - Net asset value of Reinet

Release Date: 14/07/2011 17:30
Code(s): REI
 
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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) ISIN: CH0045793657 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: Quote 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 March 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 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 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 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. Unquote 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. Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 14/07/2011 17:30:01 Supplied by www.sharenet.co.za 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 throug
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