Fund announcements

Ress Life Investments
Holbergsgade 14, 2 tv
DK-1057 Copenhagen K
Denmark
CVR nr. 33593163
resslifeinvestments.com
To: Nasdaq Copenhagen
Date: 15 December 2015

Corporate Announcement 08/2015

Ress Life Investments A/S Publishes Annual Report for 2014/15

Ress Life Investment publishes its Annual Report for 2014/15 which the Board of Directors has approved. The Annual Report for 2014/15 is attached to this announcement and may be downloaded from the company’s website, www.resslifeinvestments.com.

Highlights of the Report:

• The shares of Ress Life Investment A/S were admitted to trading on NASDAQ OMX Copenhagen on 23 November 2015 as the company went public.
• The company presents for the first time its Annual Report in accordance with the IFRS with addition of special Danish requirements in connection with the listing.
• The main activity of the company is to invest in life settlements. The investments are primarily pursued through the Master Fund – Ress Uncorrelated Assets Fund, which exclusively invests in life settlements.
• The company showed results for 2014/15 of USD (‘000) 3,460 against USD (‘000) 530 in 2013/14. The total equity has increased by USD (‘000) 20,079 to USD (‘000) 58,043.
• During the financial year, the company’s NAV increased from USD (‘000) 1,379 to USD (‘000) 1,496 per share of a nominal value of EUR 500.
• As of 30 September 2015, Ress Uncorrelated Assets Fund owned 185 policies issued by 48 different US life insurance companies. The total face value of the policies exceeds USD 360 million.
• Other external expenses have increased from USD (‘000) 174 to USD (‘000) 182. Costs of management have increased from USD (‘000) 36 to USD (‘000) 47.
• The investment in fund units has increased from USD 36,828 thousand to USD 56,618 thousand during the financial year. This has led to lower fixed costs as a proportion of assets under management. The increase in fund units has also continued after 30 September 2015. Both increasing investments and the expectations that the life settlements market continues to offer attractive returns, enables Management to take a positive view on future performance.

The Board of Directors finds the results for the year satisfactory.

Questions related to this announcement can be made to the company’s Chairman, Helle Breinholt
hmb@breinholt-consulting.dk or;

to the company’s AIF-manager, Resscapital AB.

Jonas Mårtenson
jonas.martenson@resscapital.com
Tel + 46 8545282 09

HUG#1973789