Benefits of investing in BKI

• Closed-end company: as opposed to a managed trust, enabling us to have a long term view on investments without being concerned about fund redemptions.

• High value / low cost: active, high conviction, no debt. No excessive portfolio management fees and no performance fees. MER of 0.17%.

• Performance: delivering sound returns plus dividend growth.

• Experience: the Board and Portfolio Managers of BKI has 205 years of collective industry experience (average of 29 years); Average tenure at BKI being 11 years.

• Alignment: directors and Portfolio Managers are shareholders in BKI. We focus on dividend payments - not generating excessive fees.

• Diversification: exposure to well-managed, dividend paying companies in a variety of industries.

• Listed on the ASX: continuous Disclosure requirements, High levels of Transparency and Compliance.

• Size and strength: total Portfolio valued at ~$1.0bn.

• Simplicity: an investment in BKI.ASX provides administration simplicity.

• Liquidity: shares trade on the ASX. 15,200 shareholders. Settlement T+2.

• Governance: all Policies and Charters found on BKI Website (www.bkilimited.com.au/Corporate-Governance)

• Tax-effective capital management: dividends are fully franked; tax credits passed on to shareholders.

• Dividends: over $500m or 1.29cps distributed to BKI shareholders in Dividends and Franking Credits since listing.

• Special dividends: 5 Fully Franked Special Dividends passed on to shareholders.

• Positive franking balance: franking Credit balance available to ensure future BKI dividends are fully franked (at tax rate of 30%).

About the Fund

BKI Investment Company Limited (BKI) is a Listed Investment Company on the Australian Stock Exchange. BKI invests in a diversified portfolio of Australian shares, trusts and interest-bearing securities.

BKI shares were listed on the ASX commencing 12 December 2003.

BKI aims to generate an increasing income stream for distribution to shareholders in the form of fully franked dividends to the extent of available imputation tax credits, through long-term investment in a portfolio of assets that are also able to deliver long-term capital growth to investors.

How we invest your money

BKI is a research-driven, long-term manager focusing on well-managed companies, with a profitable history and that offer attractive dividend yields. Stock selection is bottom-up, focusing on the merits of individual companies rather than market and economic trends.