Hedge fund Global Financials run at ABN AMRO Asset Management 2006-2007 / process, track record

3. Detailed track record - monthly MSCI World was down in Nov 06, Feb, Jun, Jul, Nov and Dec 07 Date aug-06 sep-06 okt-06 nov-06 dec-06 jan-07 feb-07 mrt-07 apr-07 Financials -6,96% -2,61% 4,68% 1,21% -3,64% 5,00% 4,26% 2,70% 13,43% Date mei-07 jun-07 jul-07 aug-07 sep-07 okt-07 nov-07 dec-07 Financials 2,16% 4,03% 8,63% -6,53% 33,21% 3,20% 13,58% 17,32%

4. 11/16/2007 7:19 Fund Cash Long Exp Short Exp Net Exp No. of longs No. of shorts Leverage TFV %TFV 10 Financials 63,894,422 124,995,990 122,467,384 2,528,606 25 3.73 66,423,029 13.53% Risk management: daily sheets

6. Example: Financials One dedicated long – one dedicated short: Aksigorta and Aiful Aksigorta: Great growth story in Turkey which is very undervalued but also has very volatile price movements as hedge funds get in and out Aiful: Most of the short portfolio is aimed to track the global Financials index but do include dedicated if available: Aiful was and is a great short as provisions for too high lending rates are seriously too low as we learned from a meeting with Shinsei earlier this year while on top of that valuation is not particularly cheap and industry trends / prospects are awful