TRANSACTION SUMMARY

On 1 June 2010, Martin Currie announced the acquisition of the Sofaer Capital European long/short equity business, with approximately US$280m of assets, of which US$140m was in the Sofaer Capital European Hedge Fund and US$140m in two separate accounts. The two principals who managed the assets, Michael Browne and Steve Frost, have also joined Martin Currie. Terms of the transaction were not disclosed.

MARTIN CURRIE

Martin Currie is a specialist active equity manager. From its headquarters in Edinburgh, the company manages £12bn (as at 30 April 2010) for clients worldwide, including financial institutions, charities, foundations, pension funds and investment trusts.

Martin Currie has over nine years’ experience running hedge funds, with assets under management of US$1.2bn (as at 1 April 2010). The Company currently manages six single-strategy equity long/short funds covering Japan, Greater China, Global Resources, Global Energy, Global Financials and Global TMT, as well as a diversified equity long/short fund – Omnium – which invests in the entire hedge-fund range.

SOFAER CAPITAL

Sofaer Capital, one of the longest-established hedge-fund managers, was founded by Michael Sofaer in Hong Kong in 1986. The firm manages over US$600m (as at June 2010) across six fundamental equity long/short strategies, and has a highly experienced Asian, European and Global investment team. Most of the firm’s investment professionals and staff of 26 people are based in London and Hong Kong.

ROLE

SHP acted as financial adviser to Martin Currie.