November 2012 Update Security Information

Code WIC.ASX Last Price $1.03

Shares on Issue 128.2m Market Capitalisation $132.0m Net Tangible Assets $171.5m Share Price Discount to NTA -23% Current Year Target Dividend 9.0 cents Yield on Target Dividend 9%

Net Tangible Assets ore T

• Portfolio value falls by 5.6% in month of November

• Weak small resources market flows through valuations of related stocks

• NTA closed the month at 133.8 cents, down 4.7 cents

*The before and after tax NTA numbers above refer to the provision for unrealised gains in the Company's investment portfolio. The Before Tax number is prior to recognition of a provision for tax credits/debits on disposal of the company's portfolio of assets. The After Tax figure includes allowance for this provision.

Portfolio Holdings Westoz Investment Company Limited

Westoz Investment Company Limited was established in May 2005 with the aim of providing investors with an exposure to a portfolio of assets that are intended to show consistent positive returns. The Company has a stated policy to pay out a minimum of 50% of realized after tax profits to shareholders by way of dividends.
The portfolio of assets is managed by Westoz Funds Management Pty Ltd, a 100% owned subsidiary of Euroz Limited.
The investment mandate is to identify undervalued companies listed on the Australian Stock Exchange and to invest to produce a positive return. Because of the geographic location of the manager, it is anticipated that the majority of situations identified will have a connection to Western Australia and will have a market capitalisation of less than
$1 billion.
For more information please refer to our website www.westozfunds.com.au

For Further Information

Philip Rees, Executive Director

Tel: (08) 9321 7015

Email: prees@westozfunds.com.au

Resources

34%

230%

180%

130%

80%

30%

-20%

Cash

16%

Industrials

50%


Portfolio Performance*

Westoz

All Ords

Accumulation

Dermot Woods, Executive Director

Tel: (08) 9321 7203

Email: dwoods@westozfunds.com.au

Jul-05 Jul-06 Jul-07 Jul-08 Jul-09 Jul-10 Jul-11 Jul-12

* Portfolio performance represents the return on the company's gross investment portfolio before all fees, expenses and taxes.

W est o z I n v estmen t C ompan y Limit ed

ABN: 99 113 332 942

Level 18, Alluvion

58 Mounts Bay Road

Perth Western Australia 6000

Telephone: +61 8 9321 7877

Facsimile: +61 8 9321 8288

Web: www.westozfunds.com.au

PO Box Z5036

St Georges Terrace

Perth Western Australia 6831

distributed by