Date FIRM NAME Presenter Name Title Portfolio Group Series O Leveraging a High Net Worth Pricing Solution With Easy Accumulation of Assets Dealer Use Only

High Net Worth Market – A Growing Opportunity Accounted for 76% of all Canadian financial wealth in 2006 and is expected to grow to 84% by 2016 Source: Investor Economics

Segmenting Canadian Wealth Market Source: Capgemini, The Canadian Wealth Management Market 2004/2005

The Advantages of Series O Institutional Pricing A huge opportunity presents itself HNW investors are more likely to buy more customized and lower cost versions of traditional asset management products* Fees are free of costly fund expenses; client only pays management and administration fees, investment advisory services fee and GST. That’s it * Investor Economics 2007

The Advantages of Series O A Strategy for Consolidating Assets Favourable fee structure available with accumulated household deposits of $500K Any combination of assets in any Series that totals at least $500K at the household level is eligible for Series O pricing

Series O Pricing With Tax Efficiency Series R: Same institutional pricing as Series O, and same tax- efficient monthly cash streams as Series T Potentially defer capital gains tax until your client is at a lower tax bracket Preserve more of your client’s capital─ more of their money stays invested for potential long-term appreciation Referring to the above chart, Series T includes dealer compensation and Series R does not

Series O Value Proposition Fees - Management and administration fees charged will decline as defined asset thresholds are crossed* Preferential management and administration fees compared with any other series including Series F and Series T** * The three thresholds include: first $500K to $1M, on next $4M, on balance over $5M. **The management and administration fees for Series O do not include dealer compensation and may not be preferential to other series when the latter fee is included

Series O Value Proposition Service - Institutional pricing* with the same high level of service and professional management that you are accustomed to *(1) Series O units are made available to investors at our discretion; (2) an investment in Series O units requires a minimum investment of $500,000 in Franklin Templeton Investments funds and portfolios and (3) to qualify to purchase Series O units, an investor must enter a Series O Agreement with us.

Series O Value Proposition Ease of Use - Consolidating assets without cumbersome limits and rules; no charge for transfers in/out, switches between funds may incur a small fee* *0-2% may be charged by the advisor

Illustration The following illustrates the favourable institutional pricing available with Series O

What This Means To Your Business Series O is a vehicle designed to capture more assets Series O gives your client access to institutional pricing Series O combined with a leading solution like the Quotential® Program or the Franklin Templeton Investments family of funds is a solid value proposition Mutual Funds- Commissions, management fees, and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.