SIB Asset Management

A. Equity Growth Fund
The primary objective of this Fund is to seek long-term capital growth and stability consistent with moderate investment risk and a reasonable level of current income.

The investment weightings will be heavily skewed towards listed equities but will also include other asset classes to achieve reasonable growth and the best risk-adjusted returns. Such Securities may be held directly by the Fund, or indirectly by means of another similar investment vehicle.

B. Income Fund
The primary objective of this Fund is to seek capital preservation and an attractive level of current income.

The Securities included in a Unit Portfolio shall consist of not less than 85% in market value of approved money market instruments including cash deposits, treasury bills and listed treasury bonds whether held directly or through a collective investment undertaking.

The weightings of different asset classes and different Securities will be adapted in order to create a fund that achieves the best risk-adjusted returns.

C. Balance Fund
This fund seeks to achieve medium-term stability and growth of capital consistent with moderate investment risk and a reasonable level of current income and growth.

The Fund Manager will accordingly invest in equity, debt and hybrid securities to achieve this objective.

The weightings of different asset classes and different Securities will be adapted in order to create a fixed income fund that achieves the best risk-adjusted returns and some reasonable growth.

Such Securities may be held directly by the Fund, or indirectly by means of another similar investment vehicle.