Adviceworx Investment Philosophy and Objectives

At the centre of the Adviceworx business philosophy lies the desire for investment management to be aligned to the decisions that are made in the financial planning process. The benefit of this is that the selection of investment products, investment managers, assets and asset classes are specifically aligned to meet with the risk and return framework that is unique to each client, as opposed to the random selection of investments and investment objectives. At the heart of any good investment process lies a philosophy that guides the investment decision making process and ultimately drives the realisation of wealth objectives over time. The Adviceworx investment philosophy encompasses the following principles in order to achieve this:

• We believe in long term wealth creation through the generation of superior real returns over time

• Our focus on asset allocation forms the basis of generating these returns over the long term

• We believe in diversifying investment risk across asset classes and investment managers

• We utilise a building-block approach to investment manager selection, allowing for specialist managers in each asset class to generate superior performance

• We believe in delivering investment objectives over realistic investment time horizons

• We seek investment managers that exhibit a valuation driven investment philosophy and process.

This document is for information purposes only and does not constitute financial advice in any way or form. Refer to the formal fund factsheet for full fund and fee details. It is important to consult a financial planner to receive financial advice before acting on any information contained herein. Adviceworx and its directors, officers and employees shall not be responsible and disclaims all liability for any loss, damage (whether direct, indirect, special or consequential) and/or expense of any nature whatsoever, which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of, or reliance upon any information contained in this document. Adviceworx is a juristic representative of the Acsis Licence Group (FSP33002) and an authorised Financial Services Provider (FSP 44914).

Adviceworx Investments

Adviceworx Old MutualEnhanced Income Fund of Funds

Investment Strategy The Fund’s primary goal is to generate income for investors in addition to providing capital preservation and a high degree of liquidity.

This is a multi-managed domestic fixed interest fund primarily aimed at investors seeking high levels of income with a possibility of capital appreciation over the long-term. The Fund aims to provide returns superior to those of domestic income unit trust funds in the medium to long term. In order to achieve this, the investment policy of the Fund allows the investment manager to invest in the entire spectrum of interest-bearing securities, listed property and equity, subject to category limits.

Minimum recommended Investment Term

1-2 years

Investor Profile The Fund is suitable for investors who:

• Are aiming for a higher level of income to cash or bank deposits over a 12 to 36 month period.• Are seeking a managed exposure to income generating investments.• Believe in the benefits of active management within the fixed interest universe.

Launch Date 1 April 2014

Fund Category South African Multi Asset - Income

Maximum Asset Class Category Limits

Property 25%Equity 10%Foreign Maximum 25% outside of Africa plus maximum of 5% Africa (excl. SA)

Income Distribution Quarterly

Regulation 28 This Fund complies with retirement fund legislation. It is therefore suitable as a stand-alone fund in retirement products where Regulation 28 compliance is specifically required.

Performance Target STeFI Composite Index

Fees Total Estimated Service Fee at Launch (incl.VAT) 1.03%**Total Expense Ratio (TER) will be published 12 months after launch date.** The estimated current contribution of service fees to TER given launch asset - and manager allocation is VAT inclusive and includes the estimated service fees of the fund of funds and

underlying funds at that point in time. The estimated underlying fund service fees include the estimated underlying external manager performance fees on launch date, as well as the estimated services fees of any offshore funds included in underlying external manager building blocks on launch date. The actual total service fees may be higher or lower after the launch date, based on actual asset - and manager allocation and performance. The actual total service fees may consequently be higher or lower in future relative to the estimated current contribution of service fees to TER given launch asset- and manager allocation. The estimated service fees at launch include the 0.35% (plus VAT) FSP II (investment manager fee). The TER will be published 12 months after launch.

This document is for information purposes only and does not constitute financial advice in any way or form. Refer to the formal fund factsheet for full fund and fee details. It is important to consult a financial planner to receive financial advice before acting on any information contained herein. Adviceworx and its directors, officers and employees shall not be responsible and disclaims all liability for any loss, damage (whether direct, indirect, special or consequential) and/or expense of any nature whatsoever, which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of, or reliance upon any information contained in this document. Adviceworx is a juristic representative of the Acsis Licence Group (FSP33002) and an authorised Financial Services Provider (FSP 44914).

The formal fund factsheets should be relied on during the advice process for the full fund and fee details

Investment Strategy The Fund’s primary goal is to achieve returns equal to CPI plus 2-3% over a minimum of 3 years, through the provision of medium term capital growth and income.

This is a multi-managed asset allocation fund that aims to produce returns of inflation plus 2-3% net of fees, through a strategy of flexible asset allocation and stock selection implemented by some of the best managers in the industry. The Fund is ideal for investors who do not want to manage their own asset allocation and believe in the benefit of investing with more than one manager.

Minimum recommended Investment Term

3 years

Investor Profile The Fund is suitable for investors who require a return of CPI plus 2-3% to meet the investment strategy as determined by the Adviceworx Lifestyle Wealth Design ProgrammeTM.

Launch Date 1 April 2014

Fund Category South African Multi Asset – Low Equity

Maximum Asset Class Category Limits

Property 25%Equity 40%Foreign Maximum 25% outside of Africa plus maximum of 5% Africa (excl. SA)

Income Distribution Quarterly

Regulation 28 This Fund complies with retirement fund legislation. It is therefore suitable as a stand-alone fund in retirement products where Regulation 28 compliance is specifically required.

Performance Target CPI Plus 2-3% net of fees

Fees Total Estimated Service Fee at Launch (incl.VAT) 1.45%*Total Expense Ratio (TER) will be published 12 months after launch date.** The estimated current contribution of service fees to TER given launch asset - and manager allocation is VAT inclusive and includes the estimated service fees of the fund of funds and

underlying funds at that point in time. The estimated underlying fund service fees include the estimated underlying external manager performance fees on launch date, as well as the estimated services fees of any offshore funds included in underlying external manager building blocks on launch date. The actual total service fees may be higher or lower after the launch date, based on actual asset - and manager allocation and performance. The actual total service fees may consequently be higher or lower in future relative to the estimated current contribution of service fees to TER given launch asset- and manager allocation. The estimated service fees at launch include the 0.35% (plus VAT) FSP II (investment manager fee). The TER will be published 12 months after launch.

This document is for information purposes only and does not constitute financial advice in any way or form. Refer to the formal fund factsheet for full fund and fee details. It is important to consult a financial planner to receive financial advice before acting on any information contained herein. Adviceworx and its directors, officers and employees shall not be responsible and disclaims all liability for any loss, damage (whether direct, indirect, special or consequential) and/or expense of any nature whatsoever, which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of, or reliance upon any information contained in this document. Adviceworx is a juristic representative of the Acsis Licence Group (FSP33002) and an authorised Financial Services Provider (FSP 44914).

The formal fund factsheets should be relied on during the advice process for the full fund and fee details

Adviceworx Old MutualInflation Plus 2-3% Fund of Funds

Investment Strategy The Fund’s primary goal is to achieve returns equal to CPI Plus 3-4% over a minimum of 4 years, through the provision of long term capital growth and income.

This is a multi-managed asset allocation fund that aims to produce returns of inflation plus 3-4% net of fees, through a strategy of flexible asset allocation and stock selection implemented by some of the best managers in the industry. The Fund is ideal for investors who do not want to manage their own asset allocation and believe in the benefit of investing with more than one manager.

Minimum recommended Investment Term

4 years

Investor Profile The Fund is suitable for investors who require a return of CPI Plus 3-4% to meet the investment strategy as determined by the Adviceworx Lifestyle Wealth Design ProgrammeTM.

Launch Date 1 April 2014

Fund Category South African Multi Asset – Medium Equity

Maximum Asset Class Category Limits

Property 25%Equity 60%Foreign Maximum 25% outside of Africa plus maximum of 5% Africa (excl. SA)

Income Distribution Quarterly

Regulation 28 This Fund complies with retirement fund legislation. It is therefore suitable as a stand-alone fund in retirement products where Regulation 28 compliance is specifically required.

Performance Target CPI Plus 3-4% net of fees

Fees Total Estimated Service Fee at Launch (incl.VAT) 1.71%*Total Expense Ratio (TER) will be published 12 months after launch date.** The estimated current contribution of service fees to TER given launch asset - and manager allocation is VAT inclusive and includes the estimated service fees of the fund of funds and

underlying funds at that point in time. The estimated underlying fund service fees include the estimated underlying external manager performance fees on launch date, as well as the estimated services fees of any offshore funds included in underlying external manager building blocks on launch date. The actual total service fees may be higher or lower after the launch date, based on actual asset - and manager allocation and performance. The actual total service fees may consequently be higher or lower in future relative to the estimated current contribution of service fees to TER given launch asset- and manager allocation. The estimated service fees at launch include the 0.35% (plus VAT) FSP II (investment manager fee). The TER will be published 12 months after launch.

Adviceworx Old MutualInflation Plus 3-4% Fund of Funds

The formal fund factsheets should be relied on during the advice process for the full fund and fee details

This document is for information purposes only and does not constitute financial advice in any way or form. Refer to the formal fund factsheet for full fund and fee details. It is important to consult a financial planner to receive financial advice before acting on any information contained herein. Adviceworx and its directors, officers and employees shall not be responsible and disclaims all liability for any loss, damage (whether direct, indirect, special or consequential) and/or expense of any nature whatsoever, which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of, or reliance upon any information contained in this document. Adviceworx is a juristic representative of the Acsis Licence Group (FSP33002) and an authorised Financial Services Provider (FSP 44914).

Investment Strategy The Fund’s primary goal is to achieve returns equal to CPI Plus 4-5% over a minimum of 5 years through the provision of long term inflation beating capital growth and income.

This is a multi-managed asset allocation fund that aims to produce returns of inflation plus 4-5% net of fees, through a strategy of flexible asset allocation and stock selection implemented by some of the best managers in the industry. The Fund is ideal for investors who do not want to manage their own asset allocation and believe in the benefit of investing with more than one manager.

Minimum recommended Investment Term

5 years

Investor Profile The Fund is suitable for investors who require a return of CPI Plus 4-5% to meet the investment strategy as determined by the Adviceworx Lifestyle Wealth Design ProgrammeTM.

Launch Date 1 April 2014

Fund Category South African Multi Asset – High Equity

Maximum Asset Class Category Limits

Property 25%Equity 75%Foreign Maximum 25% outside of Africa plus maximum of 5% Africa (excl. SA)

Income Distribution Quarterly

Regulation 28 This Fund complies with retirement fund legislation. It is therefore suitable as a stand-alone fund in retirement products where Regulation 28 compliance is specifically required.

Performance Target CPI Plus 4-5% net of fees

Fees Total Estimated Service Fee at Launch (incl.VAT) 1.76%*Total Expense Ratio (TER) will be published 12 months after launch date.** The estimated current contribution of service fees to TER given launch asset - and manager allocation is VAT inclusive and includes the estimated service fees of the fund of funds and

underlying funds at that point in time. The estimated underlying fund service fees include the estimated underlying external manager performance fees on launch date, as well as the estimated services fees of any offshore funds included in underlying external manager building blocks on launch date. The actual total service fees may be higher or lower after the launch date, based on actual asset - and manager allocation and performance. The actual total service fees may consequently be higher or lower in future relative to the estimated current contribution of service fees to TER given launch asset- and manager allocation. The estimated service fees at launch include the 0.35% (plus VAT) FSP II (investment manager fee). The TER will be published 12 months after launch.

Adviceworx Old MutualInflation Plus 4-5% Fund of Funds

The formal fund factsheets should be relied on during the advice process for the full fund and fee details

This document is for information purposes only and does not constitute financial advice in any way or form. Refer to the formal fund factsheet for full fund and fee details. It is important to consult a financial planner to receive financial advice before acting on any information contained herein. Adviceworx and its directors, officers and employees shall not be responsible and disclaims all liability for any loss, damage (whether direct, indirect, special or consequential) and/or expense of any nature whatsoever, which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of, or reliance upon any information contained in this document. Adviceworx is a juristic representative of the Acsis Licence Group (FSP33002) and an authorised Financial Services Provider (FSP 44914).

Investment Strategy The Fund’s primary goal is to achieve returns equal to CPI 5-7% over a minimum of 7 years through the provision of long term inflation beating capital growth and income.

This is a multi-managed asset allocation fund that aims to produce returns of inflation plus 5-7% net of fees, through a strategy of flexible asset allocation and stock selection implemented by some of the best managers in the industry. The Fund is ideal for investors who do not want to manage their own asset allocation and believe in the benefit of investing with more than one manager.

Minimum recommended Investment Term

7 years

Investor Profile The Fund is suitable for investors who require a return of CPI plus 5-7% to meet the investment strategy as determined by the Adviceworx Lifestyle Wealth Design ProgrammeTM.

Launch Date 1 April 2014

Fund Category South African Multi Asset - Flexible

Maximum Asset Class Category Limits

Property 25%Equity 75%Foreign Maximum 25% outside of Africa plus maximum of 5% Africa (excl. SA)

Income Distribution Quarterly

Regulation 28 The Fund is not required to be Regulation 28 compliant in terms of its deed, but the Fund Manager is mandated to comply with Regulation 28.

Performance Target CPI Plus 5-7% net of fees

Fees Total Estimated Service Fee at Launch (incl.VAT) 1.77%*Total Expense Ratio (TER) will be published 12 months after launch date.** The estimated current contribution of service fees to TER given launch asset - and manager allocation is VAT inclusive and includes the estimated service fees of the fund of funds and

underlying funds at that point in time. The estimated underlying fund service fees include the estimated underlying external manager performance fees on launch date, as well as the estimated services fees of any offshore funds included in underlying external manager building blocks on launch date. The actual total service fees may be higher or lower after the launch date, based on actual asset - and manager allocation and performance. The actual total service fees may consequently be higher or lower in future relative to the estimated current contribution of service fees to TER given launch asset- and manager allocation. The estimated service fees at launch include the 0.35% (plus VAT) FSP II (investment manager fee). The TER will be published 12 months after launch.

Adviceworx Old MutualInflation Plus 5-7% Fund of Funds

The formal fund factsheets should be relied on during the advice process for the full fund and fee details

This document is for information purposes only and does not constitute financial advice in any way or form. Refer to the formal fund factsheet for full fund and fee details. It is important to consult a financial planner to receive financial advice before acting on any information contained herein. Adviceworx and its directors, officers and employees shall not be responsible and disclaims all liability for any loss, damage (whether direct, indirect, special or consequential) and/or expense of any nature whatsoever, which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of, or reliance upon any information contained in this document. Adviceworx is a juristic representative of the Acsis Licence Group (FSP33002) and an authorised Financial Services Provider (FSP 44914).

Bespoke and Exclusive

Adviceworx has established a range of investment solutions that are exclusive to Adviceworx clients and that are positioned to realise the investment objectives as determined by the Lifestyle Wealth Design Programme. The end result of the Lifestyle Wealth Design Programme is a well-articulated client strategy where investments are placed in a well-diversified investment solution that is best suited to deliver the required results.

LIFESTYLE WEALTH DESIGN YOUR INVESTMENT ADVICEWORX INVESTMENT PROGRAMME STRATEGY PHILOSOPHY

Investment Committee

Adviceworx has established an Investment Committee who has been appointed as the custodian of the implementation of the investment process. The investment committee is comprised of highly experienced individuals that have been charged with the day to day responsibilities of overseeing the investment management function on behalf of Adviceworx Partners and their clients.

Integrated Investment Process

Our team of highly experienced Financial Planning Partners work closely with the Investment Committee in ensuring that our clients receive an enhanced experience that delivers on all the critical components of a fully integrated investment advisory solution.

HOW WE MATCH YOUR STRATEGY WITH AN INVESTMENT SOLUTION

ClientObjective

GrowthStrategyObjective

Investment Process Portfolio Management

PortfolioReview

Asset Allocation Enhanced Income

Manager Selection Inflation Plus 2-3%

Portfolio Selection Inflation Plus 3-4%

Inflation Plus 4-5%

Inflation Plus 5-7%

1. Lifestyle

2. Return

3. Asset

Allocation

4. Risk

1

23

4 Long termview

Diversifiedportfolios

ValuationDriven

Achieveyour

objective

Review Objective Review Strategy

Ian van SchoorChief Executive Officer: AdviceworxB Comm, LLB, LLM, AMP (Harvard)Industry experience: 22 years

Mike GallowayChief Operating Officer: AdviceworxB Comm (Honours)Industry experience: 18 years

Pieter HugoDeputy Chief Executive Officer: Old Mutual Wealth B Comm (Maths), FIA, FASSA, GMP (Harvard)Industry experience: 16 years

Aileen CampbellChief Investment Officer: AdviceworxB Comm (Honours) Industry experience: 15 years