1. Welcome! Pierre B. Boulle Managing Director 21st March 2006 Tivoli Hotel Lisboa Gibral tar 745, Europort, Gibraltar www.investorseurope.com

2. Regulated by the FSC www.fsc.gi Regulated by the FSC www.fsc.giwww.fsc.gi Licenced to give Investment AdviceLicenced to give Investment Advice Investor Compensation Scheme www.gics.giInvestor Compensation Scheme www.gics.giwww.gics.gi £1 Million Professional Liability Insurance£1 Million Professional Liability Insurance Global Default Insurance entire GibraltarGlobal Default Insurance entire Gibraltar Financial Sector www.gics.gi (2.5 Million Euros) Financial Sector www.gics.gi (2.5 Million Euros)www.gics.gi investorseurope... a unique Offshore Introducing Broker (OIB) Gibral tar ● One of the Pillars of Hercules ● One of the Pillars of Hercules ● Monte Hacho, Ceuta, the other ● Monte Hacho, Ceuta, the other ●Gibraltar, Offshore ‘Portal’ ● Gibraltar, Offshore ‘Portal’ 745, Europort, Gibraltar www.investorseurope.com

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7. We would now like to invite you to... with David Jones of CMC Markets