Benefits of investing in the Prime Value Opportunities Fund

• STEWARDSHIP - We take our role as stewards earnestly and value our responsibility to investors - putting our clients first.

• INDEPENDENCE - Our ownership is simple and transparent, and our independence gives us the freedom to invest with a long-term approach. We combine the discipline and investment expertise of a large fund manager with the flexibility and non-bureaucratic features of a boutique.

• ALIGNMENT OF INTEREST - Our management and investment team invest in the Prime Value Funds so we too depend on consistent outperformance; our aim to build wealth together with our investors is fundamental.

• PERFORMANCE - Prime Value's investment process plays to our strengths and has consistently delivered for investors.

• RISK MANAGEMENT - Minimising mistakes may be undervalued by many but not by us - it remains our central investment philosophy. While tools such as standard deviation can provide some insight into risk management, we tend to think along the same lines as investors; that is, we are more concerned about an investment's potential for losses ahead of its potential effect on standard deviation.

• EXCEPTIONAL TEAM - When you invest in a boutique you invest in our people, and we are proud to have an experienced, stable, committed team.

• CULTURE - Prime Value has developed a successful culture which is open, inclusive and collaborative; and reflected in the longevity and stability of the investment team.

Risk level

High

Investor suitability

The Fund is designed for an investor seeking absolute returns via a highly concentrated portfolio of securities, who is prepared to accept some fluctuations in short-term returns. This type of investment may be appropriate as a significant part of a properly diversified investment portfolio for individuals, companies, trusts, superannuation funds and non-profit organisations.

About the Fund

The Prime Value Opportunities Fund is a highly concentrated portfolio of securities invested across the broad market (i.e. large, mid, small or micro cap stocks).There are no index weightings or sector limit constraints and the Fund can invest in global equities (up to 20%). The Fund may at times invest largely in cash and fixed interest (up to 100%) based on the attractiveness of investment opportunities and market conditions. The Fund is designed as a post GFC's mandate with an emphasis on risk management and minimising the risk of permanent capital loss.

Some of its key features include:

• Opportunities not limited by share market indices

• High conviction, absolute return focus

• Focus on fundamentally attractive companies Lower downside risks

• Able to hold up to 100% cash

• Expanded opportunities via global equities

About Prime Value Asset Management

Prime Value is a "style neutral manager investing in Australian equities that is best considered to be a manager for all seasons. Prime Value began in 1998 with the launch of the Prime Value Growth Fund which has delivered consistent outperformance to investors, beating its investment benchmark in good times and bad. That fund has outperformed its benchmark in 11 out of 14 years.

Prime Value's stable, talented investment team has navigated many market cycles and a wide variety of investment situations. The team has considerable experience in the corporate sector; an advantage which means Prime Value speaks the language and asks the right questions of companies when considering investment.

This experience has also taught us that investment is more than just science, mathematics and statistics. Art and intuition, which come from experience and skill, also play an important role.

Prime Value's unique style is not easy to pigeon-hole and not easily replicated. We believe that this willingness to follow our own path, combined with a strong culture and sense of stewardship, has driven our consistent record.

Prime Value and its investment team are cornerstone investors in Prime Value Funds and have a true alignment of interest with other investors. As fellow investors, we demand superior returns for accepting the investment risk - not just the average return of the market. In this way, "Building Wealth Together is more than just a slogan; it is the heart and soul of Prime Value.

A strong belief in "stewardship - that managing money for others is an important responsibility - underpins our culture. This means a focus on absolute, after-tax performance and a clear priority of minimising mistakes.

How we invest your money

The Fund:

• is comprised of a highly concentrated portfolio of securities;

• is invested in "all caps (ie large, mid, small or micro cap stocks);

• is not constrained by index weightings or sector limits;

• may invest in global equities (up to 20%);

• can at times be largely invested in cash and fixed interest (up to 100%), dictated by the attractiveness of investment opportunities and market conditions; and

• cannot use derivatives to leverage the Fund or to short an index or security.