* Projected pre-tax return for full one year period. Details on how the return will be calculated and the risk associated with this investment and return are set out in the Prospectus. Prospective investors are recommended to seek professional advice from an Authorised Financial Adviser which takes into account their personal circumstances before making an investment decision. The selling agents are not providing personalised advice, but will provide all prospective investors with a copy of the Investment Statement and valuation report.

The offer is only being made to members of the public in New Zealand. This email does not constitute an invitation to subscribe for, or offer of shares, securities or financial products to any person in any country in which it would be unlawful to do so. No person may offer, invite, sell or deliver any Interests or distribute any documents (including the Investment Statement) to any person outside New Zealand without the approval of the Manager. The Investment Statement may not be sent into or distributed in the United States.