Fifth Distribution Payment: May 2010

APIR: RFA0028AU, ARSN: 097 575 730

BTIM advises that 6.8015 cents per unit will be paid to investors in the next few days, representing the fifth return of capital. This distribution payment represents 22.9% of the value of the Fund as at 30 April 2010.

Following this distribution, a cumulative total of 85.7% of the value of the Fund, as measured by its value as at 30 April 2009 (prior to the commencement of any capital returns) has been paid to investors. Due to the restrictive redemption terms of the remaining underlying investments, the size of each future distribution payment is expected to be smaller than those payments made so far. The Fund is estimated to distribute a further 10% (as measured by value at 30 April 2009) by the end of calendar year 2010 with the remaining capital thereafter. These estimates are based on current information and market conditions, the actual distribution payments may vary from this significantly with respect to amount and timing.

BTIM remains committed to realising the Fund’s assets in an orderly manner and the proceeds distributed to investors in the form of capital returns as quickly as is reasonably possible. The next quarterly distribution is expected to be paid in late August 2010.

Unit prices will continue to be calculated once a month as at the last business day of the month. Unit prices will reflect distribution payments and changes in the value of the Fund’s underlying assets, including those due to exchange rate changes. Unit prices will be generally available on or around 11 business days after the end of the month. These are indicative unit prices and investors will not be able to transact on these prices.

BTIM will notify investors either quarterly or more frequently if there are any material updates or changes.