Net Asset Value(s)

BACIT Limited                                 

 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 55514)                                 

   FUND NAME       SEDOL      NAV as at 31 July   Total Return   Total Return  
                                    2014              MTD       from Inception 
                                                                  (31/10/12)   
                                                                               
 BACIT Limited    B8P59C0         113.90p           -0.51%         +16.53%     

Date: 28 August 2014

Enquiries:
Northern Trust International Fund Administration Services (Guernsey) Limited
Harry Rouillard 44 (0)1481 745315