The Woodland Ci Balanced Fund is a multi-asset high equity portfolio. The investment objective of the portfolio is to deliver long term capital growth.

The portfolio maintains a moderate risk profile and the portfolio’s equity exposure will be limited to a maximum of 75% of the portfolio’s net asset value. The portfolio will comply with prudential investment guidelines to the extent allowed by the Act.

Investments to be included in the portfolio may, apart from assets in liquid form, consist of equity securities, non-equity securities, convertible equities, money market instruments, preference shares and property securities.

The portfolio may also include participatory interests in portfolios of collective investment schemes or other similar collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the Manager and the Trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio’s investment objective.

The Woodland Ci Unconstrained Balanced Fund is a worldwide multi asset flexible portfolio. The

investment objective of the portfolio is to provide investors with long term capital growth.

The portfolio maintains a moderate to high risk profile and the portfolio’s equity exposure will be limited to a maximum of 80% of the portfolio’s net asset value, and a maximum of 60% of the portfolio’s net asset value may be invested outside of South Africa. Investments to be included in the portfolio may, apart from assets in liquid form, consist of equity securities, non-equity securities, convertible equities, money market instruments, preference shares and property securities.

The portfolio may also include participatory interests in portfolios of collective investment schemes or other similar collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the Manager and the Trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa. The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio’s investment objective.

The Woodland Ci Worldwide Flexible Fund is a worldwide multi asset flexible portfolio. The investment objective of the portfolio is to provide investors with long term capital growth by investing in local and global equity securities and non-equity securities.

The portfolio maintains a high risk profile and shall have the maximum flexibility to vary assets between various markets, asset classes, such as assets in liquid form, money market, fixed interest, equity and property, and countries to reflect the changing economic and market conditions.

Investments to be included in the portfolio may, apart from assets in liquid form, consist of equity securities, non-equity securities, convertible equities, money market instruments, preference shares and property securities.

The portfolio may also include participatory interests in portfolios of collective investment schemes or other similar collective investment schemes registered in the Republic of South Africa or of participatory interests in collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the Manager and the Trustee of a sufficient standard to provide investor protection which is at least equivalent to that in South Africa.

The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio’s investment objective.