The Managers house two divisions, namely, the Legg Mason International Equities (“LMIE”) division and the Legg Mason Investments division (“LMI”). The LMIE division is focused in managing Asian equities and mandates for a broad spectrum of clients, both retail and institutional. The LMI division is focused on the distribution of Legg Mason’s Singapore domiciled unit trusts and Legg Mason’s Luxembourg and Ireland domiciled mutual fund ranges. Both divisions were transferred to the Managers from the former managers of the fund, Legg Mason Asset Management (Asia) Pte Ltd, on 1 October 2006 pursuant to the internal restructuring of Legg Mason’s Singapore operations. The LMIE division has been managing collective investment schemes in Singapore since 1995.

Deutsche Asset Management (Asia) Limited

Deutsche Asset Management (Asia) Limited, whose registered office is at One Raffles Quay #17-10 South Towers, Singapore 048583. Reg No. 198701485N.

Deutsche Asset Management group is one of the world’s leading investment
management organisations, with approximately S$1.21 trillion (as at October 2007) in assets under management globally. Deutsche Asset Management’s global team of investment professionals is dedicated to serving clients around the clock and across the globe. Their investment professionals strive to deliver out-performance and to develop new products to meet client’s investment needs. Deutsche Asset Management group is geographically divided into three regions, the Americas (covering North America and South America), Europe and Asia Pacific, providing the fullrange of investment management products across the risk/returnspectrum.

The Managers have been managing collective investment schemes and
discretionary funds in Singapore since 1987 and currently have US$8.17 billion assets under management (as at October 2007).

DWS Investment GmbH is part of the DWS Group, Deutsche’s asset management division in Germany. The DWS Group is also one of the leading European mutual fund companies and has received numerous awards. Among these is the prestigious Standard & Poor’s Fund Award as best German mutual fund company from 1994 to 2006 - thriteen times in a row. DWS Investment GmbH has been managing collective investment schemes since 1956.

UOB Asset Management Limited

UOB Asset Management Limited (“UOBAM”) has its registered office at 80, Raffles Place, UOB Plaza, Singapore 048624. Reg No. 198600120Z

UOBAM is a wholly owned subsidiary of the UOB Group. Established in 1986, UOBAM managed over S$22.52 billion in clients' funds as of 30 September 2007. UOBAM is one of the largest unit trust managers in Singapore in terms of assets under management.

UOBAM has been managing collective investment schemes and discretionary funds in Singapore for 21 years.

UOBAM offers global investment management expertise to institutions, corporations and individuals, through customised portfolio management services and unit trusts. Currently the company has 39 unit trusts (with a total of 57 funds and sub-funds altogether) in Singapore with total unit trust assets of about S$4.16 billion under management as of 30 September 2007.

In terms of market coverage, UOBAM has acquired specialist skills in equity investments in Asian, Australian, European and U.S. markets and major global sectors. In the bond markets, UOBAM covers the Organisation of Economic Co-operation and Development (OECD) countries to emerging markets. UOBAM’s investment philosophy is to emphasise on securities selection using a bottom-up approach. UOBAM makes regular company visits and supplements its fundamental investment approach with quantitative tools to control risks and to aid in the portfolio construction process.

As at 30 September 2007, UOBAM and its subsidiaries in the region have staff strength of over 190, including 43 investment professionals in Singapore.

Aberdeen Asset Management Asia

Aberdeen Asia is a wholly owned subsidiary of Aberdeen Asset Management PLC. Based in Singapore since 1992, the company oversees the management of the Group's Asia-Pacific assets, including Japan, Australia and the Sub-Continent.

Aberdeen Asia was started by Hugh Young and Peter Hames, currently managing director and investment director, respectively. Asia Pacific assets under management stand at US$54.2bn (as at end Sept 07). In addition to managing money for institutions like central banks, statutory boards, pension funds etc, Aberdeen Asia also offers a range of unit trusts under an umbrella called 'Aberdeen Select Portfolio' which is marketed to the public investor via third party intermediaries such as banks, brokers, on-line platforms and financial advisers. There are currently 15 funds, of which 13 are available for investment under the CPFIS scheme.

Aberdeen's equity investment approach is fundamentally bottom-up. We pride ourselves on original thinking and place great value on proprietary research. We invest for the long term, adopting a buy-and-hold philosophy. We do not market-time, have generally low portfolio-turnover and run them fully invested, picking stocks that have passed our stringent selection criteria, scoring firstly on quality and then on valuations.

Across the Asia Pacific region, Aberdeen Asia has more than 250 staff, including 32 equity and 15 fixed income managers. (as at end Nov 07)

DBS Asset Management Limited

DBS Asset Management Limited, whose registered office is at 8 Cross Street, #08-01 PWC Building Singapore (048424). Reg No. 198202562H.

DBS Asset Management (DBSAM) is a wholly-owned subsidiary of DBS Bank. Headquartered in Singapore, DBS is one of the largest financial services group in Asia with operations in 15 markets. The largest bank in Singapore as measured by assets, and a leading bank in Hong Kong, DBS’ “AA-” and “Aa1” credit ratings are among the highest in the Asia-Pacific region. DBS has leading positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund raising. Beyond the anchor markets of Singapore and Hong Kong, DBS serves corporate institutional and retail customers through its operations in China, India, Indonesia, Malaysia, Thailand and the Philippines. Established in 1982, DBSAM is today one of the most experienced asset management companies in Singapore and South East Asia with core capabilities in Asian equities and Global / Asia fixed income. DBSAM and its associated companies manage about S$23.5 billion in assets for retail, private and institutional investors (as at 31 July 2007).

DBSAM offers a unique value proposition. One of the biggest unit trust managers in Singapore in terms of assets under management, DBSAM has close proximity to Asian markets, a strong understanding of Asia and Asia markets and an established track record in Asian investments. DBSAM is headquartered in Singapore, one of the fastest growing international wealth management centers. Additionally, DBSAM is located amidst Asian growth with offices in Singapore and Hong Kong, an associate company in Malaysia, affiliates of DBS Bank in Thailand and India, and has received regulatory approval for a strategic investment in China. DBSAM has localized knowledge of Asian equity, bond and currency markets as well as a comprehensive range of products with core offerings in Asian equities and Global / Asia fixed income. DBSAM diverse group of clients includes retail and high net worth individuals as well as institutional clients. Its diverse group of institutional clients includes central banks, corporates, endowments, financial institutions, government-linked entities, insurance companies, pension funds and supranationals.

DBSAM also emphasizes on constantly superior performance, having won 55 awards for its fixed income and equity portfolios. As at 31 October 2007, DBSAM has 11 portfolio managers as well as 9 research analysts.