E U R O F I N A S S E T M A N A G E R S

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The new approach to asset management

IMPORTANT INFORMATION - FOR AUTHORISED USE ONLY

Please note that the following limitations apply to this document:This document is for informational purposes only and is not intended to be, and should not be construed as, an offer to sell or thesolicitation of an offer to buy any interest in any entity or other investment vehicle or a commitment by Eurofin Capital S.A. to manage anyinvestment portfolio.This document is meant only to provide a broad overview for discussion purposes. as such, all information provided here is subject tochange.If and when an investment opportunity is structured, all investors must obtain and carefully read the related Offering Memorandum, whichwill contain additional information needed to evaluate the potential investment and provide important disclosures regarding risks, fees andexpenses.This document is confidential. Neither this document nor any part thereof may be reproduced or distributed without the prior writtenauthorisation of Eurofin Capital S.A. Any reproduction or distribution of any of the contents of this document may constitute a violation ofsecurities laws and/or other laws.Any investment portfolios utilizing the strategies described herein, if made available, should be regarded as highly speculative in nature andcould result in the loss of all the capital invested. Any such investment portfolio is intended only for experienced and sophisticated investorswho could afford such a loss.Any information and/or opinions provided herein constitute the understanding of the entity providing such information and/or opinions asof the date hereof, are subject to change without notice.This document may not be reproduced (in whole or in part), transmitted, modified or used for any public or commercial purpose without theprior written permission of Eurofin Capital S.A .

© Copyright by Eurofin Capital S.A. . 2011 - all rights reserved.

IndexEurofin Asset Managers Page 03

Some facts Page 04

Portfolio consulting & advisory Page 05

Asset management & portfolio allocation: an innovative investment process Page 06

The team Page 07

Contact information Page 08

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Eurofin Asset Managers

Eurofin Asset Managers is the asset management arm of the Eurofin Group, which was created in Switzerland toserve financial institutions as well as a select group of high net worth families. Based in Lausanne and in London,we combine our Swiss heritage with the financial market expertise of our international executive team.

Our mission is twofold:

– Asset management: our objective is to generate optimal risk adjusted returns while preservingcapital and maintaining a high degree of asset liquidity in the portfolio. This is achieved through arigorous and permanent risk control process.

– Portfolio consulting and Advisory: we make investment recommendations based on an in-depthanalysis of our clients’ portfolios.

These two activities are separate in order to avoid any conflict of interest

Eurofin Asset Managers has built a proprietary investment platform covering the full spectrum of portfoliomanagement styles, including traditional and alternative strategies.

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Managed Accounts

Funds

White Labeled Funds

Discretionary Mandates

Technical Risk Mgt. (Overlay)

Consolidated Report

Audit Report

Advisory

Asset Management

Portfolio Consulting & Advisory

Eurofin Capital

About the Eurofin Group

• The Group employs over 65 internationalprofessionals of which 15 are dedicated toasset management.

• Over CHF 2B of assets entrusted.

About Eurofin Capital

• A long experience in traditional and alternative asset management

• A recognized expertise in tactical asset allocation

• First and foremost focus on long-term capital preservation and risk adjusted performance

• Transparency

• Liquidity

Some Facts

These past few years, portfolio management became a real challenge:

• Markets are more and more volatile and unstable

• Market shocks can have a devastating effect on portfolio performance

• Hedge funds are often opaque, making risks difficult to assess in their integrality

• Fees are opaque especially in funds of funds where rebates is a usual practice

• Alternative investments products are suffering from a lack of liquidity

• The same observation applies to most complex products in markets when volatility is extreme

• Portfolio allocation is often delegated to firms that are not asset managers themselves

Eurofin Asset Managers: the response to this challenge

On audit and advisory:

• A recognized expertise in risk assessment and control

• An independent portfolio valuation

• A rigorous managers selection, process, which enabled us to avoid any fraud or blowups so far

On asset management:

• A long experience in hedge fund management as well as in portfolio allocation with proven track records

• An innovative asset management process based on tactical asset allocation among various and predefined risk buckets according to their own risk reward

• Focus on absolute returns

• Emphasis on capital preservation

• Strong interest alignment with investors

• Directors have invested substantial parts of their wealth in the funds. Moreover, Incentive fees aresubject to a high-water mark and are paid once the fund’s performance exceeds a specificbenchmark.

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Portfolio consulting & advisoryA five-stage process specifically designed to deliver robust and durable solutions

Phase 1: Portfolio consolidationWe make a consolidated statement of our client’s portfolios in order to have a clear view of its variouscomponents

Phase 2: portfolio analysis / risk assessmentThis phase is achieved based on the consolidated report made in phase 1.

• What are the risks ? In this phase, virtually all risks are assessed and analyzed in-depth (market risk,interest rate risks, currency risks, credit risk, counterparty risk, liquidity risk, as well as operational andlegal risk) .

• How the performance was compared to the benchmarks?• How liquid the portfolio is (globally and line by line)?• How correlated the various components of the portfolio are?• How the portfolio would react in different scenarios? (Stress tests)

Phase 3: Diagnosis• Is the performance in line with the clients objectives ?• Are the fees those that were negotiated ?• What are the risks in view of the current market environment?

Phase 4: Objectives settingsObjective settings: The team helps the clients to fix his own objectives based on the output of our investmentprocess

Phase 5: Portfolio allocationPortfolio allocation: Based on the clients objectives (especially risk adjusted performance and liquidity) and our

fundamental views, Eurofin Asset managers create the appropriate portfolio.

The Cost: We will charge you Euro 10’000 for the consulting. It is a one-off charge representing 3 days of our timeand our experience, and the recommendation we arrive at and the observations we make will be specific to yourportfolio and your requirements.

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Asset management & portfolio allocation: an innovative investment process

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1. At Eurofin capital, asset management follows aproprietary process where macro fundamentals andsystematic inputs are used to deliver the optimalasset allocation in the portfolio

2. The performance is continuously and systematicallymonitored to maintain the portfolio within thepredefined risk guidelines.

3. In order to mitigate market risks, invested portfoliosare built around a strategic allocation frameworkwith:

a. liquid components to allow tacticalrepositioning and hedging (using long-volatility and defensive strategies )

b. Hedge funds (alpha) and alternative tradingtechniques (alternative beta) to reduce thevolatility inherent to a specific asset class

4. The same investment process is applied to bothdiscretionary mandates and our own funds, wherethe directors have invested their money alongsidetheir clients

ForeignEquities

DomesticEquities

Bonds

CashHedge Funds

Real Estate

Commodities

Private Equity

Others

Global Portfolio

EquitiesL/S

Arbitrage

Cash + Futures

Multi strategy HF

Overlay

Commodities long/short

Private Equity

Others

MirrorPortfolio

Why Eurofin?

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1. We are hedge fund managers and therefore we have a better understanding of risks andtrading processes than any other manager selectors

2. As a result, we have an outstanding track record in our managers selection (no fraudsor blowup so far among the managers we have been dealing within 15 years)

3. We are transparent with respect to the fees we charge (all rebates, if any, are entirelytransferred to our clients)

4. Our fees are extremely competitive

5. Our team as well as our presence is international

6. Our objective is clearly capital preservation

7. Our focus is optimal risk adjusted return and portfolio liquidity

Laurent Chevallier

Head of Alternative Research and Portfolio Management

Laurent Chevallier leads the firm’s Research & Portfolio Management efforts. He brings a process-driven, long volatility investment style to Eurofin.

Mr. Chevallier was previously Head of Manager Selection & Investments at Unigestion, where he managed a $3.5B hedge fund portfolio with his 12-person research team . This team consistently brought Unigestion's funds performance into top decile rankings.

Prior to that, Laurent was Director of Research and Asset Allocation for Weston Capital (1.5B) in New York, CIO at Bucephale (0.5B) in Geneva, and Co-Founder and Managing Partner of Quest Partners in New York.

He started his career as an analyst and a futures trader in New York and has extensive experience in systematic and arbitrage strategies.

He holds an MBA from the Thunderbird Business School and is a CFA charter holder.

James M.M. Edwards

Chief Investment Officer

James Edwards has been Lausanne-based Eurofin Group’s company’s Chief Investment Officer since 2008 and a Managing Director of London-based Eurofin Capital Ltd. since the company’s creation in 2009.

He brings over 20 years of investment experience at the highest level, as a direct investment manager and as an asset allocator in both the traditional and the alternative investment worlds. Prior to joining the Eurofin Group, Mr. Edwards was Executive Director of UBS Wealth Management Hedge Fund Advisory business and Member of the firm's UK Investment Committee. Prior to that, James was CIO of Mizuho Investment Management in London, a leveraged loan investment company and CIO of BAREP Asset Management, SociétéGénérale Paris-based alternative investment subsidiary. Whilst at BAREP, Mr. Edwards launched and managed a number of credit and emerging market hedge funds, as well as an emerging market CDO. James began his investment career as a fixed income Portfolio Manager at Rupert Loewenstein, a high net worth specialist manager. After that, he was Portfolio Manager at CréditSuisse Asset Management within the multi-currency fixed income team and at F&C Emerging Markets, where he ran fixed income portfolios.

Michel Creton

Chief Executive Officer

Michel is Eurofin Capital's Chief Executive Officer, where he heads the firm's financial structuring activities. With over 20 years of business experience in both asset Management and investment structuring, he is intimately familiar with international company management, investment services, with an emphasis on regulatory and governance frameworks.

Prior to joining the Eurofin Group, Michel was Vice-President of ForvestTrust S.A., a Geneva-based International financial services company specialised in asset management for private clients, Michel joined the Eurofin Group in 2004 and became Executive Partner in 2009.

The team

Switzerland

Eurofin Capital SA

Rue Etraz, 4CP 60031003 Lausanne, Suisse

Contacts Patrick VieljeuxMichel Creton

Téléphone +41 (0)58 710 72 00Fax +41 (0)58 710 72 01E-mail mcreton@eurofincapital.com

pvieljeux@eurofincapital.com

United Kingdom

Eurofin Capital Limited

66, Saint James’s StreetLondon SW1A 1NEUnited Kingdom

Contact James Edwards

Telephone +44 (0)207 016 3230Fax +44 (0)207 016 3231E-mail jedwards@eurofincapital.comWebsite www.eurofincapital.com

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