London, September 23
|STRATEGIC EQUITY CAPITAL PLC|
As at the 22 September 2016 the unaudited net asset value per Ordinary Share, including current period revenue, was 222.15 pence.
Note: Investments in unquoted investment funds are generally held at the valuations provided by the managers of those funds. The latest valuation for Vintage 1 Limited as at the 15th July 2016 is included.
Dated: 23 September 2016