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Alliance Trust Asset Management is our new boutique asset management company. We are aiming to launch a range of UK authorised OEIC funds, to be distributed in the UK, in the last quarter of 2008. Through its Asian subsidiary, Alliance Trust PLC runs two Asian Equity OEIC funds out of our Hong Kong office: the Premier Alliance Trust Asia-Pacific Equity Fund and the Premier Alliance Trust Japan Equity Fund.

Alliance Trust Asset Management will allow both private individuals and institutional clients to access Alliance Trust’s style of investment management honed over 120 years.

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Alliance Trust Asset Management Limited is authorised and regulated by the Financial Services Authority. AT Asset Management (Asia-Pacific) Limited is licensed and regulated by the Hong Kong Securities and Futures Commission and is the Investment Manager of the Premier Alliance Trust Investment Funds, which is authorised for sale to investors in the UK by the Financial Services Authority. Premier Portfolio Managers Ltd is the Authorised Corporate Director of the Premier Alliance Trust Investment Funds.