The following entities within Old Mutual Investment Group Holdings (Pty) Ltd are licensed financial services providers (hereinafter collectively referred to as “Old Mutual Investment Group”), as approved by the Registrar of Financial Services Providers (www.fsca.co.za) to provide advisory and/or intermediary services in terms of the Financial Advisory and Intermediary Services Act 37 of 2002:

• Old Mutual Investment Group (Pty) Ltd [FSP604]
• Old Mutual Alternative Investments Holdings (Pty) Ltd [FSP45255]
• African Infrastructure Investment Managers (Pty) Ltd [FSP4307]
• Old Mutual Customised Solutions (Pty) Ltd [FSP No: 721]
• Marriott Asset Management (Pty) Ltd [FSP No: 592]
• Futuregrowth Asset Management (Pty) Ltd [FSP No: 520]

Investment portfolios are market-linked. Pooled products are either policy based or unitised in collective investment schemes. Investors’ rights and obligations are set out in the relevant investor agreements and/or mandates. Market fluctuations and changes in exchange rates as well as taxation may have an effect on the value, price or income of investments and capital contributions. Since financial markets fluctuate, an investor may not recover the full amount invested. Past performance is not necessarily a guide to future investment performance.

All intra-group transactions are done on an arm’s length basis. Personal trading by staff is restricted to ensure that there is no conflict of interest. All directors and those staff who are likely to have access to price sensitive and unpublished information in relation to the Old Mutual Group are further restricted in their dealings in Old Mutual shares. All employees of the Old Mutual Investment Group are remunerated with salaries and standard incentives. Unless disclosed to the customer, no commission or incentives are paid by the Old Mutual Investment Group to any persons other than its representatives.