ASX/Media Release 31 May 2016 BUSINESS UPDATE The Directors of...

ASX/Media Release 31 May 2016 BUSINESS UPDATE The Directors of Chapmans Limited (ASX: CHP) (Chapmans, the Company) are pleased to provide the following update on its current investments.
Digital Star Media Holdings Pty Ltd (DSM) - DSM has finalised a $1.5 million pre-IPO capital raise on a pre money valuation of $12 million;
- Chapmans has agreed to invest a further $500,000 in this pre-IPO round; - Chapmans will now hold a 39.25% direct holding in DSM;
- Chapmans shareholding in DSM is valued at $5.3 million; and - DSM anticipated to IPO late 2016 or early 2017.

Digital4ge - Reffind (RFN) successfully raised $2 million for working capital in April 2016;
- Chapmans has a 6.7% look through interest in RFN which at the current share price is valued at $0.9 million;
- Visual Amplifiers Limited (VAMP) IPO withdrawn on 4 May 2016; - VAMP currently reviewing its IPO strategy; and - Chapmans has a 10% look through interest in VAMP which equates to a value of $1.2 million and also a 1.25% direct interest via its $150,000 investment in VAMP, a total value of $1.35 million.

Other - Chapmans holds approximately 40M shares in Capital Mining Limited (CMY) valued at $0.24 million; and - Chapmans holds 1.25M shares in SkyFii Limited (SKF) valued at $0.125 million.

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