Ascension Plan 1 Top Up

Introduction

Aiming for higher returns and lower portfolio risk

Key Points

• Designed to provide a participation in the performance of the Winton Trading Strategies Fund, minus a deduction of 2.25% per annum
• Designed to pay you a minimum of 96p per share at maturity, this will not apply if shares are sold earlier.
• Designed to be held to maturity on 30th June 2011
• Winton Futures Fund has historically had low correlation with equity and bond markets

Winton Trading Strategies Fund

The Winton trading programme engages in the speculative trading of futures and forward contracts on world markets. Winton’s investment philosophy is directed towards long term capital appreciation through compound growth. This is achieved by pursuing a sophisticated and widely diversified trading programme employing statistically-derived algorithms. The success of this programme does not rely on favourable conditions in any particular market or on general appreciation of asset values.