Accelerated Return Fund Limited

Fund Objective

This Fund matured on 10 October 2008 & repaid investors the maximum return of 66% over 5 ½ years.  The objective of the Fund is to provide investors with 6 times the capital return of the FTSE 100 up to a maximum of 66% over 5 ½ years. Therefore, if the FTSE 100 rises 11% from its starting point, 3935.8, which equates to a level of 4368.8 in October 2008, the shares will return growth of 66%.

There is full capital protection if the FTSE 100 Index has fallen at the end of the period (October 2008) unless the FTSE 100 has closed more than 50% down during the term to 1967.9. In this case if the FTSE 100 is still below 3935.8 at the end, the fund will fall an equivalent percentage. If the market has returned above the start point, 3935.8, in October 2008 then the fund will still provide 6 times the return of the FTSE 100 to a maximum of 66%.