C-View International Limited

3X Managed Account Program

This table is for informational purposes only. Returns shown here (incl. interest and fees) are pro forma. No client actually achieved these returns. Leverage is based on three times the trading level of actual returns, for each unit of capital. Performance of individual accounts may vary, depending upon factors such as date account began trading, degree of leverage employed, fee structure, client's trading policies and size of the account used by brokers and dealers. Accounts are opened only after review and approval of the appropriate disclosure documentation and agreement and authorization information. Includes interest income on available balances that may not be earned by all investors. The investment objective of C-View Limited is to maximise returns by investing in the foreign exchange markets in both the major and minor currencies. Profits are sought from fluctuations in exchange rates and from the differentials in interest rates reflected in the value of currencies. The approach is discretionary, combining fundamental analysis, technical analysis and an understanding of market psychology. C-View favours a portfolio approach, which enables maximum profits to be generated within a disciplined, low-risk environment. C-View will carefully analyse the relative values of a wide range of currencies and construct a portfolio of positions when risk/return ratios appear to be above average. The holding of positions for yield may enhance this approach; from time to time there are sizeable differences in interest rates between currencies and subdued or beneficial exchange rate movements. C-View supplements its portfolio strategy with shorter term, opportunistic trading in the major currencies, both when currencies are fluctuating within a pre-determined trading range and also when a particular short-term trend is identified. C-View may occasionally trade minor currencies where range characteristics similar to the majors are identified, subject to the prevailing liquidity and price spread.