1. Fund Manager Profile Prosperity Asset Management Ltd are working with Gallium Fund Solutions as our Fund Investment Managers. Gallium’s primary objective is to enable its clients to create exciting investment opportunities, by utilising its client’s in-depth knowledge and management capabilities, together with Gallium’s long established fund creation experience and expertise. The Gallium team has launched over 100 funds with gross assets of over £14 billion, primarily investing in commercial property. Other asset classes include, but are not limited to, residential property, land, UK and overseas hotels, student accommodation, PFI projects, traded endowment policies, contemporary art, mezzanine finance, bridging loans, bio energy and solar panels. Gallium Fund Solutions Ltd is authorised and regulated by the Financial Conduct Authority. Tony Norris Chief Executive

2. Prosperity Pension Trust Investment Ratios Alternative Overseas Properties UK Properties Secured Lending Other Alternatives Total Alternative Investments 49% Investment Ratios Listed UK Equities UK Equities-Small Cap US Equities European Equities Japan Equities Far East Equities Emerging Markets Equities Commodities Hedge Funds Managed Futures Real Estate-Global RITs Global Government Bonds Global Corporate Bonds Global High Yield Bonds Gilts Index Linked Gilts UK Corporate Bonds Emerging Market Bonds Fixed Income Cash Total Listed Investments 51 % 9 % 2 % 4 % 3 % 1.5 % 3 % 1.5 % 3.5 % 2 % 2.5 % 3.5 % 18% 3 % 15 % 4 % Past performance is not a guide to the future. The value of the fund is not guaranteed and may fall as well as rise. Investors may not get back the original amount invested. All performance figures shown are assuming the actual or indicative net charge has been taken. The indicative net charge is equivalent to the charge that applies to most new customers investing in the fund.

3. *All figures represent percentage values The ratio of investments will vary from time to time due to the complexities of investment distribution, however a minimum of 51% of investments will be in listed investments at all times. This is due to the nature of the fund investment. AMC Our current Annual Management Charge is set at 0.75%. We reserve the right to alter this, while providing adequate notification to our Policyholders, Shareholders and any other relevant parties

5. *All figures represent percentage values

6. Risk Factors The scheme includes a number of risk factors as set out below, this is not an extensive list and does not explain all risks in investment in the scheme. Members are advised to read the Scheme Brochure together with the Statement Of Investment Principals and the FAQs before making a decision whether or not to become Member. The risk include the following: The value of investments can fall as well as rise and is not guaranteed Your existing provider may apply a penalty to your existing pension plan if it is transferred Past performance must not be viewed as an indication of future performance The Scheme will invest a proportion of the total Scheme funds in alternative investments, which are viewed by some as high risk investment and of liquid nature than some other asset classes. Other Considerations Inflation/Deflation is an economic risk that can have negative effect on the value of any investment The regulatory environment for pensions is evolving and changes may adversely affect the Scheme Any changes to the taxation environment or the treatment of pensions may affect investment returns to Members Controls and Mitigation Here at Prosperity we endeavour to mitigate as many of the risks as is possible. Our Trustee aims to be an engaged and responsible long-term investor in the assets and markets. Concentration/Correlation diversify investments across and within asset classes, to avoid over-exposure to any one market. Monitor Scheme assets. Currency Monitor currency exposure. Ensure that Schemes overseas investments are diversified across currencies. Liquidity Regularly review and adjust the amount of cash held to pay benefits to minimise the impact of cash flow on investment policy. The Trustee believes the Scheme’s long-term investment horizon justifies a degree of liquidity risk where such a risk is rewarded and a proportion of the Scheme’s assets are invested in less liquid assets. Matching We give consideration to the specific characteristics of the Scheme’s liabilities when setting the investment strategy. Regularly review progress of the Scheme’s investments relative to its liabilities. Operational Monitor the Scheme’s investment back office and the ability of the custodian holding the Scheme assets to settle trades on time and to provide secure custody. Regulatory Risk Monitor regulatory changes.