Arisaig Asia Fund - Performance to 31 October 2008 (%)  
  10 year 5 year 3 year 2 year 1 year 6 months YTD Date of Since  Annualised 
                Launch Launch Return
Arisaig Asia Fund (%) * +286.1 +14.4 -12.4 -32.9 -53.3 -48.6 -53.5 31-Dec-96 +133.2 +7.4
Arisaig ASEAN Fund (%) +135.3 -0.2 -10.5 -38.8 -52.6 -45.0 -51.9 01-Apr-98 +136.9 +8.5
Arisaig India Fund (%) N/A +54.4 -22.0 -39.1 -58.9 -54.7 -64.3 11-Jun-99 +169.2 +11.1
Arisaig Greater China Fund (%) N/A -1.6 -0.8 -24.5 -48.8 -48.6 -46.9 01-Jun-00 +74.4 +6.8
Arisaig Korea Fund (%) N/A +54.1 -12.8 -27.4 -51.1 -38.2 -47.6 06-Oct-00 +238.6 +16.3


  * Reflects the performance of the Arisaig Asian Small Companies Fund from 31.12.96 to 21.1.00 and thereafter the performance of the Arisaig Asia Fund.

 
Arisaig Asia Fund - Annual Performance of Funds (%)  
                                              YTD   Annualised 
  1997   1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   Oct 08   Returns  *
Arisaig Asia Fund ** -17.7   -15.7   +111.5   -33.9   +29.3   +11.9   +56.8   +9.9   +21.5   +29.1   +32.1   -53.5   +7.4
Arisaig ASEAN Fund N/A   +16.6 * +40.0   -43.0   +16.9   +43.1   +62.0   +4.9   +  8.7   +47.1   +16.4   -51.9   +8.5
Arisaig India Fund N/A   N/A   +111.6 * -41.8   -23.5   +7.6   +100.6   +32.3   +39.3   +24.0   +62.3   -64.3   +11.1
Arisaig Greater China Fund N/A   N/A   N/A   -20.7 * +32.4   + 9.5   +60.7   +1.8   +3.2   +28.2   +31.8   -46.9   +6.8
Arisaig Korea Fund N/A   N/A   N/A   -10.9 * +99.1   +7.3   +26.9   +12.2   +65.5   +22.7   +17.4   -47.6   +16.3


  * From date of launch of the respective funds:
  Arisaig ASEAN Fund: 1.4.98;   Arisaig India Fund: 11.6.99;   Arisaig Greater China Fund: 1.6.00;   Arisaig Korea Fund 6.10.00;  Arisaig Central Asia Fund 2.7.07.

** Reflects the performance of the Arisaig Asian Small Companies Fund from 31.12.96 to 21.1.00 and thereafter the performance of the Arisaig Asia Fund