27FOUR SHARI'AH ACTIVE EQUITY A1

The 27FOUR SHARI'AH ACTIVE EQUITY FUND will be a general equity portfolio. The manager in selecting securities for the portfolio will seek to follow an investment policy which will secure for investors an optimum overall return, that is to say the steady growth of income and the preservation of capital in real terms. In order to achieve these main objectives the investments to be acquired for the 27FOUR SHARI'AH ACTIVE EQUITY PRESCIENT FUND, shall comprise a mix of securities, financially sound ordinary shares, stock, financially sound preference shares, debenture stock, debenture bonds and unsecured notes as defined in the Act and the Deed, all to be acquired at a fair market value. All assets will have been approved by the Shari'ah Supervisory Board from time to time. The portfolio is permitted to include investments in offshore jurisdictions subject to the investment conditions determined by the Registrar from time to time.