PCM FUNDS LEAD THE WORLD

Pursuing a "long-only, activist" strategy in Russia/CIS, PCM's three main funds, all open-ended and unleveraged, have returned 3,604%, 1,828% and 1,605% in the last decade. The returns - all net of fees and in dollar terms - place PCM funds first, second and third of all funds in the world between December 1999 and December 2009.

BLOOMBERG INTERVIEW WITH MATTIAS WESTMAN

Russian Prosperity Fund Noted As 2nd Best Performing Large Hedge Fund Of 2010 By Bloomberg Markets Magazine
Prosperity Capital Management Recognised As A "Bloomberg Best"

Prosperity Capital Management is the largest Russia-focused asset manager in the world, with around US$ 4.7bn of assets under management.

Prosperity was founded in 1996 and since then the flagship Russian Prosperity Fund has risen an annualised 25%, against the 18% annualised increase in the RTS Index.

The special situations Prosperity Quest Fund has grown an annualised 45% since its 1999 inception, considerably outperforming the 26% annualised rise in the RTS II Index over this time.

Prosperity have achieved these returns for our investors without employing leverage and by utilising a bottom-up, long-only, active investor approach in Russia and the CIS.

Unrivaled Market Leader

Prosperity Capital Management has consistently outperformed its market and industry peers - earning numerous awards over the past 14 years. Most recently, Prosperity was recognised as managing the top three best performing funds in the world over the past decade.

Prosperity has built an unparalleled reputation for its incisive research, active investment approach and because, despite volatile market conditions, the firm has never gated its investors or imposed any other arbitrary redemption restrictions.

Real Active Ownership

Prosperity Capital Management is a leading shareholder is some of the foremost companies in Russia, Ukraine and Central Asia - holding board seats accounting for around 30% of the firm's total assets under management. Prosperity believe that such "active" investing is a prerequisite of investment success in Russia and the CIS.

Reputed and Established

Prosperity Capital Management's international client base includes leading Sovereign Wealth Funds, major Western institutions, pension funds, insurers, endowments, family offices and private banks.