CREDO Presentation

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CREDO GROUPOverview

PRIVATE &CONFIDENTIAL

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About us

CREDOAn Introduction

� The Credo Group is a personalised independent wealth management business founded in 1998.

� The majority shareholders of the group are senior management.

� Private Wealth management is our core business.

� We integrate all of your needs into one office providing oversight and co-ordination for all your investment-related activities.

� We have assets under administration in excess of £1.2 billion across 2,700 clients.

� The Credo Group of Companies has offices in the UK (London), Switzerland (Geneva), Bermuda, South Africa

(Johannesburg and Cape Town) and BVI.

� We also have a presence in Australia, New Zealand and Luxembourg.

� The group employs over 65 people.

Our Core Private Client Services include:

� Asset Management

� Stockbroking

� Property

� Trust Services

� Private Equity

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Asset Management

ASSET MANAGEMENTA tested model in times of uncertain market volatility

� We manage segregated bespoke discretionary portfolios for high net worth clients.

� We adopt an asset allocation approach and within each asset class we use a combination of individual securities “best

of breed” funds and ETFs.

� Our investments are spread across all the major asset classes including:

- Equities

- Fixed Income Bonds

- Commodities

- Property (direct real estate)

- Hedge funds and

- Cash

We adopt 3 risk based asset allocation models:

1. Low Volatility

2. Medium Volatility

3. High Volatility

Although all clients have a bespoke discretionary portfolio, the abovementioned models form the basis for those portfolios.

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The following illustration shows the asset allocation between the various models

MODEL PORTFOLIOSA tested model in times of uncertain market volatility

Asset Allocation Models – GBP – January 2012

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The following illustration shows the asset allocation between the various models

MODEL PORTFOLIOSA tested model in times of uncertain market volatility

Asset Allocation Models – USD – January 2012

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Best Ideas Portfolio

BIPLong Only, Value Investing

� Diversified portfolio of high conviction global equities.

� Long term value investing.

� Bias towards developed market large cap stocks.

� Strategy is to generate sustainable excess returns versus global market indexes through superior stock selection.

� +3.7% to (14.04.2011 to 31.12.2011), MSCI World -11.2%.

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BIPLong Only, Value Investing

� Actively seeking “Growth At Reasonable Prices”.

� Identifying companies that have a strong and sustainable earnings outlook.

� Identifying companies that trade at a discount to intrinsic value.

� Add value through fundamental bottom up research and compliment this with our views on the global economy.

Best Ideas Portfolio – Investment Philosophy

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Income Plus Portfolio

CIPSolid Track Record

� Interest earned on cash is negligible.

� Yet inflation is significantly eroding the value of capital.

� An income solution to achieve return on capital without taking undue risk.

� Created the Credo Income Plus Portfolios (CIPs).

� Three high conviction bond portfolios across 2 currencies.

� Each with a minimum targeted annual return that we would expect to achieve over the life of the portfolios.

� The portfolios will be actively managed by our Fixed Income Team.

� Solid track record.

� Performance will be reported and updated quarterly.

� Daily access to their portfolios via MyCredo, which provides transparent secure online reporting.

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Income Plus Portfolio


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Income Plus Portfolio – Investment Process


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Stockbroking

GLOBAL TRADINGExecution only, advisory and discretionary services

� Credo Capital Plc is authorised and regulated by the Financial Services Authority and is a member of the London

Stock Exchange.

� We act for private clients, trusts, companies, family offices, private banks and hedge funds

� We deal in securities quoted on almost all global stock exchanges including:

- Shares

- Bonds

- Mutual funds

- Hedge funds

- Exchange traded funds

- Private Equity Funds

- Derivatives

All these assets are traded via a single investment account, thereby providing the clients with a consolidated view of their

entire portfolio.

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GLOBAL TRADINGExecution only, advisory and discretionary services

Stockbroking Team Structure

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Research

Through our extensive network we are able to gain access to a breadth of third party industry

research from leading investment houses, including:

� JP Morgan

� HSBC

� Merrill Lynch Stock Brokers

� Seymour Pierce

� Numis Securities

� Jefferies International

� Goldman Sachs

� Investec

� ING

RESEARCHExtensive Network

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SAFE CUSTODYSecure Client Assets

Custodians

We have selected trusted and sound custodians, thereby providing our clients with the peace of mind that their assets are

secure and protected at all times.

Our primary custodian in the UK is Pershing Securities Limited, a wholly owned

subsidiary of Bank of New York Group, and is the leading custodian for private clients

in the UK.

Our US based custodian is JP Morgan.

Our Guernsey based custodian, recently added is BNP Paribas.

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Credo Property

Specialists in acquiring and managing commercial properties in the UK and Europe Credo

Property team has acquired circa £1bn over 12 years, offering an:

� Infrastructure to source and manage investments efficiently.

� Experienced team of professionals with a proven track record.

� Intimate knowledge of and extensive experience in the UK and European property markets.

� Extensive network of relationships (lawyers, surveyors, property agents, financiers, banks, tax advisors and

industry relevant specialists).

PROPERTYSolid track record and experience

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PROPERTYSolid track record and experience

Property investment portfolio acquired of circa £1bn over 12 years. Some highlights are set out below:

2011

� Distribution centre pre-let to Marks & Spencer Plc (UK) £69m� Kings Mall shopping centre (London, UK) £120m

2009

� Anglo American global head office (London, UK) £66.5m

2008

� Warehouse let to Sainsbury £14.6m

� Call centre let to Car Phone Warehouse £13m

� Development in Scotland £2.7m

� Development in Poland €4m

� A retail outlet let to Rewe in Germany £2.8m

2007

� 24 supermarkets (Germany) €56.9m

2006

� 1 DIY supermarket (Germany) €12.4m

� 1 shopping centre (Switzerland) CHF230m

� 5 Ashbourne nursing homes (UK) £20m

� 4 Peugeot showrooms (Germany) €20m

We have successfully exited from a large number of these investments prior to the market fall in August 2008.

2005

� 15 Hilton Hotels (UK) £400m

� 13 Burger King outlets (Germany) €20m

� Office investment in St Austell, Cornwall (UK) £6.5m

� 28 ATU auto part properties (19 Germany, 9 Austria) €68m

� 15 Netto Marken Discount supermarkets (Germany) €31.8m

2004

� 85 Volkswagen showrooms (UK) £250m

� 6 GWB shopping centres in Germany €25.6m

2003

� Kodak headquarter (Paris, France) €60m

� 130 National Car Parks parking facilities (UK) £600m

2002

� Camden property let to Viacom & others £24.9m

Track Record of significant acquisitions

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Trust Services

OFFSHORE FIDUCIARYProtecting your assets offshore

� Trust and Fiduciary Services administered out of Geneva, Switzerland.

� Guardian Trust Company Limited, a Credo Group company, provides our personalised range of offshore trust, company

and fiduciary services.

� We provide structuring advice and arrange for the formation and administration of trusts and companies in selected

jurisdictions.

� These structures afford you the opportunity to manage and protect your wealth and provide for the smooth and orderly

transfer of your assets to future generations.

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Private Equity

UNIQUE OPPORTUNITIESExpertise and resources of a team of professionals

� Private equity, as an asset class, plays an important part in a well-managed diversified portfolio.

� We actively seek unique private equity opportunities

� As a consequence clients for whom such investments are suitable, have participated in numerous high quality private equity

investments, either directly or via third party funds.

� Credo and Ki Corporation Limited have launched the Credo Ki Private Equity Fund ("The Fund") which targets fast growing

businesses with a proven business model that require capital to fund their expansion.

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MyCredo is a multi-asset class, multi-currency web based reporting system with 2 distinct versions:

MyCredo

CONSOLIDATED AND SECUREUp to the minute reports all in one place

MyCredo for the Professional Advisor

� Consolidated view of all your clients’ accounts

� Large suite of reports including performance

reporting

� Subscription service

� Enter trades on-line

MyCredo for the Private Client

� Secure web based reporting tool

� Transparency

� Transactional history

� Performance reporting

� Consolidated view of the accounts via a single

login

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MyCredo white labelled version – Login Page

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MyCredo white labelled version – Home Page

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MyCredo App… Coming Soon

CONSOLIDATED AND SECUREUp to the minute reports on the go

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LONDON

83 PALL MALL

SW1Y 5ES

LONDON

UNITED KINGDOM

T. +44 (0)20 7968 8300

F. +44 (0)20 7968 8301

WWW.CREDOGROUP.COM

BERMUDA

CENTURY HOUSE

16 PAR-LA-VILLE ROAD

P.O. BOX HM 1806

HAMILTON, HM HX, BERMUDA

T. +1 441 292 7478

F. +1 441 295 4164

GENEVA

15, BOULEVARD HELVETIQUE

CH-1207

GENEVA

SWITZERLAND

T. + 41 (0)22 718 7200

F. +41 (0)22 718 7201

JOHANNESBURG

WIERDA MEWS, BLOCK B

41 WIERDA ROAD WEST, 2196

JOHANNESBURGH

SOUTH AFRICA

T. +27 (0)11 883 3222

F. +27 (0)11 883 9905

BVI

GENEVA PLACE

333, WATERFRONT DRIVE

ROAD TOWN, TORTOLA

BRITISH VIRGIN ISLANDS

T. +1 (0)284 494 4388

F. +1 (0)284 494 3088

CAPE TOWN

ROZENHOF COURT, UNIT 6

20 KLOOF STREET, 8000

CAPE TOWN

SOUTH AFRICA

T. +27 (0)21 422 4273

F. +27 (0)21 422 5047

CREDO Presentation

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