Contango Asset Management : Launch of Exchange Traded Managed Fund SWTZ

ASX RELEASE

January 24, 2017

Contango to advise on new listed Exchange Traded Managed Fund Product (ETP)

Contango Asset Management Limited (ASX:CGA) has been appointed by Switzer Asset Management Limited (the Responsible Entity) as Investment Adviser for the Switzer Dividend Growth Fund (the Fund), a new Exchange Traded Product, seeking quotation on the ASX AQUA Platform in February under the ticker SWTZ.

The new Fund becomes the third listed product in Contango's product suite, in another strong development for the Melbourne-based investment house.

The new Fund will aim to provide investors with consistent dividends and long term capital growth, by investing in a core portfolio of high-yielding blue-chip Australian shares.

The Fund's objectives are to deliver capital returns while providing investors with an attractive income stream, paid quarterly, and franked to a material extent.

Chief Investment Officer and Managing Director George Boubouras said Contango would provide fund administration and investment services to the Fund, with his team looking forward to being a part of an exciting new product.

"This large cap equity ETP is an innovative new product that expands upon and diversifies the current Contango offering, alongside our two existing Listed Invested Companies," Mr Boubouras said.

"Offering a diverse range of investment expertise, managing different investment mandates and accessing different market sectors is important for a well-rounded fund manager, and so we're pleased to be part of this new venture.

"An ETP is a practical way of reaching different sectors of the market, and with a specific focus on dividend growth in the large cap sector we think this will be a dynamic product to manage.

"It's testament to the growth of the business over the past two years, and the calibre of the team we have put together that we're invited to play a crucial role in the delivery of this new fund."

The initial offer period opens on Monday January 30, 2017 and will close at 5 PM on Friday February 17.

For more information and to view the Product Disclosure Statement visit www.switzerassetmanagement.com.au

ENDS

Enquiries:

George Boubouras

Managing Director and Chief Investment Officer

Contango Asset Management Limited M: [phone] E: [e-mail]

Hari Morfis

Company Secretary

E: [e-mail]

Important Information: Units in the Switzer Dividend Growth Fund (Fund) are issued by Switzer Asset Management Limited (ABN 26 123 611 978, AFSL 312247) as the Responsible Entity of the Fund. Investment management services are provided by a wholly owned subsidiary of Contango Asset Management Limited, Contango Funds Management Limited (ABN 52 085 487 421, AFSL 237119). Neither Contango Asset Management Limited, Contango Funds Management Limited, Switzer Asset Management Limited nor any other person guarantees the performance of the Fund, the amount or timing of any return from it, or that it will achieve its investment objective. This material has been provided for general information purposes and must not be construed as investment advice. This material has been prepared without taking into account the investment objectives, financial circumstances or needs of any person. Investors should read the Product Disclosure Statement for the Fund and seek independent tax and financial advice before making an investment decision. Refer further to www.switzerassetmangement.com.au for the Product Disclosure Statement issued by the Responsible Entity for the Fund.