1 The Next Generation Of ESG Risk Metrics Copyright Probus Sigma Lda 2010

2 Applies proprietary, standards based financial technology Interoperability in 161 countries Vigorous system wide, multi-stage third party audit Based on established tried, tested and proven methodologies Low cost of implementation & operation Provides level playing field for emerging economies WTO, ITC, UNEP and GRI compliant Integrity: Business model separates rating operations from, consultancy, sales & distribution Day one future proof regulatory compliant in all markets Provides a common international ESG standard The Sigma Platform Copyright Probus Sigma Lda 2010

3 Developed by recognised environmental, social and governance standards experts Financial risk aspects developed by regulated investment management experts Built upon established, objective ISO based standards Multi-applications, Investment, Insurance, Banking, etc. Builds upon existing client in-house capabilities Affordable, Scalable in emerging markets Produces ESG risk metrics for any size of listed, non-listed companies Unique ability to accurately risk rate complete supply chains Ability to screen multi investable universes quickly Basis of Construction & Development Copyright Probus Sigma Lda 2010

4 Global financial institutions already trust and rely upon ISO standards for most financial transactions Innovation: ISO provides a common language and metrics, cuts time to market and ensures interoperability ISO provides day one regulatory compliance and reciprocity within 161 Global markets Provides empirical measurement of traditionally subjective areas Includes: Advanced public sector co-operation, United Nations Global Compact, UNPRI, United Nations framework convention on climate change, (UNFCCC) Sustainability : ISO’s range of standards provides practical tools for addressing all three dimensions of objective sustainable development, economic-social-societal Why ISO Based? (1) Copyright Probus Sigma Lda 2010

5 System improves emerging market access to global markets & facilitates trade-promotes ESG awareness ISO standards employed have in-built; transparency, wide stakeholder engagement, Government and NGO acceptance Reduces negative impacts and improves environmental performance ISO Standards and related conformity assessments currently impact 80% of world trade, (already embedded in the markets) Note: ISO is the leading multi-stakeholder, multi-sector, multi-national platform for developing consensus-based Inter-National Standards. The organisation is a network of national standards bodies from 160 countries in all regions of the world. Why ISO Based? (2) Copyright Probus Sigma Lda 2010

6 Sigma applies composite of ESG relevant ISO international standards Each component standard correlates to the determination of environmental, social and governance performance, (risk) within a chosen company, entire investable universe or supply chain Each component requires third party independent audit Proprietary algorithm based methodology drives rating procedure Sigma is benign it makes no moral judgements or excludes any particular industry it is entirely objective* Sigma does not require self reporting from the company *Sigma includes small percentage of subjective industry specific standards to allow for social justice best practice How Does Sigma Work?

7 A Selection of Test Market Comments Copyright Probus Sigma Lda 2010 “This is the best concept I have seen in the market.” (M N Services) “This is the Holy Grail of sustainability” (Marine Stewardship Council) “Index performs better than all other Sustainability and SRI indices.” (Euronext) “Index performs better than almost all conventional indices.” (Euronext) “Index has a lower volatility than all indices.” (Euronext) “Extensive study of the Sigma Methodology has proven a positive correlation with share price performance.” (ABN Amro) “Maybe I should run my whole portfolio using this concept” (Shell Pension Fund)

8 Contact Details: For further information please contact : Chris Yates-Smith Probus Sigma Lda Telephone: Mobile (Portugal) Mobile (International) Website: Copyright Probus Sigma Lda 2010