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Wildbilly

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Wildbilly

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Sunday, 05/05/2013 3:05:26 PM

Sunday, May 05, 2013 3:05:26 PM

Post# of 16
Letter to shareholders

Dear Shareholders,
EXOR’s Net Asset Value, or NAV, grew by 20.6% in 2012 outperforming the MSCI World Index denominated in euros – the benchmark against which we measure our performance – by 9.2%.

Contingit stercore.

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