RMB Asset Management



			At RMB Asset Management we construct bespoke portfolios for investors.

			Please read the important notices below which are for your benefit as well as ours.

			Important Notices The information contained in this, the RMB Asset Management International website ("the website"), is issued and approved by RMB Asset Management International Limited for the purposes of Section 21 of the United Kingdom's Financial Services and Markets Act 2000 and recital 82 of the European Union’s Mifid Implementing Directive. RMB Asset Management International Limited (hereafter “RMB Asset Management International”), is a company incorporated in the United Kingdom, registered no 3733094, and is authorised and regulated by the Financial Services Authority in the United Kingdom. RMB Asset Management International is a member of the FirstRand Group. The ultimate parent is FirstRand Limited, a company incorporated in South Africa and quoted on the Johannesburg Stock Exchange. Copies of the latest audited accounts of FirstRand Limited are available on request. The information available in the website is for information purposes only. Access to the website is governed by the terms and conditions and important notices which are set out below. The governing law applying to the terms and conditions is English law and if any dispute arises concerning the information or use of the site, or reliance thereon, the dispute will be heard by the English courts and you agree to allow such a dispute to be heard by the English courts. The information provided in the website is provided in good faith. Whilst every care has been taken in the preparation of information contained in this website, no responsibility is accepted for any errors which, despite all precautions, it may contain. No investment advice is offered or intended to be given in this website, and no liability will be accepted in respect thereof. You are urged to take independent investment advice. The information in the website may be updated or altered at any time without RMB Asset Management International having to give prior warning. Opinions or estimates reflect RMB Asset Management International’s judgement at the date of the issuance of the information and such opinions and estimates are also subject to change without notice. This disclaimer, however, does not apply to the extent that it is inconsistent with the rules of the regulatory authority that regulates the services that are provided by the relevant RMB Asset Management International office. The website also contains information about services which are subject to restrictions about persons who may receive such information. The information is not directed at anyone in a particular jurisdiction who by virtue of being in that jurisdiction, would be prohibited from receiving or having such information made available to them. Accordingly, information in the website must not be circulated or copied to anyone where to do so may constitute an infringement of any local laws or regulations. In particular, this website should not be regarded as a solicitation for business in the United States of America. Neither the website, nor any of the information it contains, constitutes or will form the basis of a representation, a contract or a term of any contract. It is essential that before proceeding with any course of action, you take relevant professional advice, particularly professional advice on individual tax, estate planning, exchange control or legal matters in your country of residence, nationality and/or domicile. If you do not understand, or if you have any queries about any of the information appearing in the website, please contact your professional adviser. Information in the website and RMB Asset Management International logos and trademarks (whether licensed or unlicensed) belong to RMB Asset Management International and may not be copied, reproduced or transmitted without the specific and prior written consent of RMB Asset Management International. There may be automatic links from the website to other third party websites. RMB Asset Management International accepts no responsibility for the content or the services or products or any matter offered by or through such websites. You are advised that you act at your own risk and that you should exercise caution as you may lose the protections offered in the website if you rely upon information and services offered in other third party websites. You are advised that the use of the Internet as a form of communication is not secure and information transmitted through the Internet as a communication medium may be intercepted and/or read by third parties. You should not, therefore, rely upon your communication via the Internet as a secure form of communication. You are advised to consult your own tax advisors on the possible tax consequences under the laws of your country of citizenship, residence or domicile of utilising any of the services available from RMB Asset Management International. RMB Asset Management International is required to verify the identity of, and obtain certain information from, prospective clients with measures aimed at the prevention of money laundering. By way of example, you may be required to produce a copy of a passport or identification card duly certified by a public authority, such as a solicitor/attorney, together with evidence of your address. Services will not commence until such time as RMB Asset Management International has received and is satisfied with all the information and documentation required to verify your identity. Telephone calls with RMB Asset Management International may be recorded and monitored. If a customer wishes to make a complaint about a service provided by RMB Asset Management International, the customer should contact the Head of Legal & Compliance of RMB Asset Management International at Two London Bridge, London SE1 9RA, United Kingdom. A copy of RMB Asset Management International's complaints procedure is available upon request. RMB’s Asset Management International's Portfolio Construction Service is only available to persons who have been classified by RMB Asset Management International as Professional Clients. Such persons do not necessarily have rights under the Financial Ombudsman Service or the United Kingdom’s Financial Services Compensation Scheme. The Portfolio Construction Service is not available to residents, nationals or citizens of the United States of America or US Persons (as that term is defined in Regulation S, Rule 902, paragraph k of the US Securities Act of 1933 (as amended)). Past performance (in terms of returns, volatility and correlation with equity markets) of a fund is not necessarily a guide to future performance. The value of an investment in a fund may be subject to volatile movements, which may be upwards or downwards. The investor may not get back the amount invested. Changes in exchange rates may impact on the value of an investment in a fund and could lead to losses. Investments in funds may only be realised on their dealing days. Whilst a fund may be listed on an exchange, this listing may not provide an effective trading market. In unusual circumstances, funds may suspend dealing, when it will be difficult to realise the investment. Due to their illiquid nature, some underlying funds deal infrequently and may require substantial notice before accepting a redemption instruction. Investments in funds that invest in illiquid assets are therefore not readily realisable. Reliable information about the value of an investment in such a fund may not be available (other than as at the fund's infrequent valuation points). If a fund that deals infrequently fails to perform, it may not be possible to realise the investment without further loss in value to the investor. Some funds invest in unregulated collective investment schemes that engage in the short selling of securities or which may use a greater degree of gearing (including the ability to borrow for a leverage strategy) than is permitted in regulated funds. A relatively small movement in the price of an asset held may result in a disproportionately large movement in the value of an investment in the fund. Whilst the purpose of gearing is to achieve the high returns that are associated with greater exposure, it also results in a consequent increase in exposure to the risk of loss. Investments in unregulated collective investment schemes may be highly volatile. Despite a wide diversification policy, investments may be subject to sudden and large falls in value. The RMB MultiManager SICAV, RMB International SICAV and the RMB Managed Feeder Funds SICAV are unregulated collective investment schemes for the purposes of the United Kingdom's Financial Services and Markets Act 2000. Their promotion is therefore restricted by Section 238(1) of the United Kingdom's Financial Services and Markets Act 2000. The RMB MultiManager SICAV, RMB International SICAV and the RMB Managed Feeder Funds SICAV are duly organized under the Luxembourg law of 19 July 1991 concerning undertakings for collective investment, the securities of which are not intended to be placed with the public. They are regulated by the Commission de Surveillance du Secteur Financier, the Luxembourg financial services regulator, and shares in the RMB MultiManager SICAV, RMB International SICAV and the RMB Managed Feeder Funds SICAV are listed on the Luxembourg Stock Exchange. In accordance with Luxembourg law, the sale and holding of shares in these funds is restricted to institutional investors subscribing on their own behalf or to institutional investors subscribing on behalf of other institutional investors. Shares in the RMB MultiManager SICAV, RMB International SICAV and the RMB Managed Feeder Funds SICAV are only available via RMB Asset Management International Limited and its suitably appointed sub-distributors, all of whom are obliged to satisfy themselves that each prospective investor is an institutional investor. Shares in the RMB MultiManager SICAV, RMB International SICAV and the RMB Managed Feeder Funds SICAV are not available to the general public in the United Kingdom. January 2008

			By ticking the ‘non-retail’ box below, I confirm that I have read the important notices and confirm that I am not a retail client as defined by the UK Financial Services Authority.
			Non retail client
			Retail client

IMPORTANT NOTICES \| PRIVACY POLICY A MEMBER OF THE FIRSTRAND GROUP RMB ASSET MANAGEMENT PTY			RMB Asset Management International Limited (herein referred to as RMB Asset Management) is authorised and regulated by the Financial Services Authority in the United Kingdom , and is an authorised Financial Services Provider pursuant to the Financial Advisory and Intermediary Services Act 37 of 2002 in South Africa. REGISTRATION NUMBER: 3733094 REGISTERED OFFICE: TWO LONDON BRIDGE LONDON SE1 9RA