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Redemptions

In accordance with our PDS dated 12 November 2009 all unit holders in the above trust were given the opportunity to switch to the new "FT36 Unit" class or remain in the "Existing Unit" class. This offer closed on 26 February 2010. Since 12 November 2009 the Trust has only been able to accept new investments into either the FT36 or FT18 unit classes. The existing unit class is now closed to new investments

Redemption guidelines for each class are outlined below.

FT36 Unitholders – Annual Redemptions

Annual Redemptions are only applicable to FT36 Unitholders. Annual Redemptions do not apply to Existing Units or to FT18 Units.

FT36 Unitholders have the option to redeem 10% of their Current Balance in year one10% of their Current Balance in year two and 10% of their Current Balance in year three. Year one redemptions can only be applied for once the application window for that series closes. (Application windows close 28 February and 31 August each year)

The redemption price per FT36 Unit will be $1.00.

Redemptions can be submitted in any month however must be received by the 20th for payment in that month. (Generally payment will be made within 4 business days of the 20th)

Any redemption request must be for an amount equal to 10% of the current balance and can only be made once each year. The Redemption Form is available on our website in the Forms Directory.

FT18 Unitholders

No annual or compulsory redemptions are available in this class

Existing Unitholders – Compulsory 4% Redemptions (Quarterly)

Compulsory Redemptions are only applicable to Existing Units

Quarterly redemptions will be automatically processed on or about the 15th day of March, June, September and December in each year and will generally be paid on the third business day following the processing date.

The redemption price per Existing Unit will be $1.00

Existing Unitholders - Supplementary Compulsory Redemptions (Half Yearly)

Supplementary Compulsory Redemptions are only applicable to holders of Existing Units.

This is a six-monthly payment that may be paid to a holder of Existing Units. The amount of the payment will be the investor's share of 25% of any increase in Net Funds Under Management of the Trust in the previous half financial year, less any Compulsory Redemption already payable to the investor. If there is no, or low growth in Net Funds Under Management the Supplementary Compulsory Redemption may be nil.

The redemption price per Existing Unit will be $1.00

Hardship

For holder of "existing units" we can consider hardship withdrawal requests. For details contact our client services department on 1800 225 624