Arjent Managed Portfolio Solution

Model 1 Model 2 Model 3 Model 4 Model 5 Model 6 Model 7 Model 8 Model 9 Model 10

1 Week Absolute Performance** 0.16% 0.21% 0.22% 0.33% 0.43% 0.47% 0.47% 0.52% 0.56% 0.57%1 Week Relative Performance** 0.23% 0.33% 0.27% 0.08% -0.27% -0.37% -0.46% -0.57% -0.67% -0.67%

1 Month Absolute Performance 0.62% 0.98% 1.19% 2.20% 2.91% 3.44% 3.84% 4.37% 4.89% 5.07%

1 Month Relative Performance 0.57% 0.60% 0.57% 0.92% 1.12% 1.55% 1.79% 2.21% 2.63% 2.90%

6 Month Absolute Performance 0.69% 1.83% 2.54% 5.30% 7.85% 9.45% 10.94% 12.56% 14.18% 14.91%

6 Month Relative Performance 0.63% 1.09% 0.95% 1.33% 1.43% 1.74% 1.87% 2.18% 2.52% 2.76%

YTD Absolute Performance 0.96% 1.59% 2.10% 3.91% 5.65% 6.55% 7.31% 8.21% 9.11% 9.39%

YTD Relative Performance 1.08% 1.44% 1.46% 1.83% 1.84% 2.20% 2.37% 2.71% 3.06% 3.30%

2012 Absolute Performance 1.87% 3.95% 4.61% 6.44% 6.28% 6.63% 7.40% 7.74% 8.08% 8.24%

2012 Relative Performance 1.25% 1.47% 1.35% 1.11% 0.07% -0.06% 0.05% -0.10% -0.22% -0.12%

Absolute Performance Since Inception (2nd Nov 2011) 3.17% 6.67% 8.26% 13.14% 15.87% 17.72% 19.95% 21.84% 23.76% 24.48%

Relative Performance Since Inception (2nd Nov 2011) 2.15% 3.18% 3.19% 3.95% 3.60% 4.03% 4.66% 5.07% 5.56% 5.98%

First Year Performance (2nd November 2011 to 2nd November 2012) 2.48% 4.90% 5.74% 7.96% 8.35% 8.69% 9.50% 9.84% 10.18% 10.25%

Relative 1.48% 2.08% 2.07% 2.30% 1.84% 1.71% 1.88% 1.73% 1.60% 1.61%* Performance figures stated are total return (income & capital) and gross of fees. Performance data may differ from that of actual client portfolios invested through Pershing or wrap platform providers** Absolute performance is the gross performance over a set period (Sterling). Relative performance is over/under performance compared to the Arjent Benchmark Models (local currency)

Historical Gross YieldModel 1 Model 2 Model 3 Model 4 Model 5 Model 6 Model 7 Model 8 Model 9 Model 10

0.89% 1.88% 2.30% 2.53% 2.30% 2.06% 1.94% 1.79% 1.57% 1.45%

TOP PERFORMING HOLDINGS (Past Week) WORST PERFORMING HOLDINGS (Past Week)

1Wk 3mth YTD 1Wk 3mth YTDJP Morgan Natural Resources A - Net Accumulation 2.37% -0.76% -0.88% Cazenove UK Equity Income X Inc -0.22% 11.81% 11.32%

JP Morgan US Equity Income A - Net Accmltn 1.85% 16.76% 19.52% Old Mutual UK Select Mid Cap Acc -0.11% 15.97% 14.69%

Threadneedle American Retail Net GBP Acc 1.68% 17.06% 20.10% Henderson Gbl Inv Uk Property I Acc -0.03% 0.02% -0.02%

Sarasin AgriSar A Acc 1.16% 14.74% 14.44% Smith & Williamson Sht-Dated Corp Bd B 0.04% -0.43% -0.36%

Pershing Total Expense Ratio (TER)Model 1 Model 2 Model 3 Model 4 Model 5 Model 6 Model 7 Model 8 Model 9 Model 10

Pershing TER 0.58% 0.58% 0.62% 0.65% 0.74% 0.78% 0.82% 0.86% 0.91% 0.93%

Strategic Asset Allocationⁱ

ⁱ Based on 20-years of underlying benchmark data

WWW.ARJENT.CO.UK Switchboard: 0207 965 0600

14 March 2013

Weekly Performance Update

Description – The Arjent Managed Portfolio Solution offers a range of ten risk graded 'strategic' models, derived from 20 years of underlying asset class index data. These diversified multi-asset models are made up of up to six core asset classes (or 14 underlying asset classes), with expected risk being adjusted through the suite of models by varying the percentage exposure to each asset class. Portfolio Aim - The aim of the Arjent Managed Portfolio Solution is to achieve a total return (capital growth and/or income) over time consistent with the risk grade of the underlying model portfolio.

MODEL PERFORMANCE SUMMARY*

The information contained herein is confidential and is intended solely for the person or entity to whom it is addressed. Any use, disclosure, reproduction, modification or distribution of the contents, or any part thereof, other than by the intended addressee is strictly prohibited. While the information is believed to be reliable no warranty or representation, expressed or implied, is given as to their accuracy or completeness. Any opinion expressed based on the information reflects our judgment at the date of publication. Neither Arjent nor any of its directors or employees accepts any responsibility in respect of the information contained herein which is subject to change without notice. The information should not be construed as an offer to buy or sell securities or any other product as it is general information which may not necessarily reflect your individual requirements and you should contact our advisors for further information. Investors should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance. ARjENT Limited [No. 4077864] is authorised and regulated by, and is entered into the register [No. 197330