Important Note ZAR

In calculating the current value of your investment, we have applied the long-term equity carve-out returns of Foord Asset Management's Global Balanced composite from 1 January 1990 to 31 August 2002. These returns are gross of fees and taxes. Performance from 1 September 2002 onwards is that of the Foord Equity Fund and is net of investment management fees but gross of any taxes. Past performance is no guarantee of future performance. Foord Asset Management and Foord Unit Trusts Limited disclaims any liability for any loss, liability, or damages (whether direct or consequential) of any nature whatsoever that may be suffered as a result of, or which may be attributable, directly or indirectly, to the use of or reliance upon the information provided.

Important Note USD

In calculating the current value of your investment, we have applied the long-term returns of the Foord International Trust. These returns are calculated from net of fees. Past performance is no guarantee of future performance. Foord Asset Management (Guernsey) Limited disclaims any liability for any loss, liability, or damages (whether direct or consequential) of any nature whatsoever that may be suffered as a result of, or which may be attributable, directly or indirectly, to the use of or reliance upon the information provided.

Unconstrained Global Best Investment View

Composite Characteristics

This composite reflects the returns achieved on the Foord Compass portfolio since inception in 2002. To achieve the investment objective while managing investment risk, the portfolio may invest in any asset class, in any investment market, in any currency. Securities may be listed on local and foreign exchanges, while exposures may be both long and short. Other CIS portfolios may be used, while financial gearing may also be utilised when appropriate.

Investment objectives

To achieve returns in excess of South African CPI + 10% per annum over rolling five-year periods.

Specific Restrictions

No material restrictions – full discretion, global best investment view.

Differentiating Features

Reflecting the closed-end nature of the Foord Compass debenture, the Foord Compass portfolio has a very long-term investment horizon. The minimum period for performance measurement relative to the tough benchmark of SA CPI + 10% per annum is five years. The graph below reflects the annualised rolling five year returns on the Foord Compass portfolio and its benchmark, CPI + 10% per annum, commencing with the five years ended 31 December 2006.

Availability

Pooled: Foord Compass debentures, listed on the JSE Limited – share code FCPD

Historic Investment Returns

The investment return information reflected below is in respect of a composite comprising the Foord Compass Limited portfolio, which is managed on a segregated basis.

* SA CPI + 10% per annum

Contact us

For more information on Foord’s capabilities or to enquire about Foord’s product range please contact:

William Fraser
021 532 6935
william.fraser@foord.co.za

Mike Soekoe
021 532 6906
mike.soekoe@foord.co.za

Paul Cluer
021 532 6925
paul.cluer@foord.co.za

Investment Returns

Overview