1. Richmond Asset Management Ltd. Hong Kong

7. Why Not Traditional Techniques? The Dow has been in a trading range for the last 11 years, providing buy and hold investors no returns. For trend followers, though, there have been plenty of opportunities to generate returns. DJ30 - Dow Jones Industrials

8. Why Not Traditional Techniques? Germany has been range bound for 15 years, yet twice in that period you could have made over 300% gains FDAC-X – Frankfurt Dax Index

9. Why Not Traditional Techniques? Even in Asia, markets like Taiwan have been stuck in a trading range TWII-X – Taiwan Weighted Index

10. Momentum Tables 18 12 22 32 29 30 31 Finland Hex General (47) 17 21 26 20 8 39 5 Sweden Stockholm All Share Index (335) 16 26 32 27 28 20 38 S&P 500 Index (333) 15 7 47 22 37 4 14 Brazil Bovespa (40) 14 28 16 18 23 5 33 FTSE All Share Index Spread (1355) 13 27 24 23 18 11 32 Dow Jones Industrials (318) 12 24 18 10 26 8 28 Dow Jones Utilities (833) 10 23 14 17 27 18 35 FTSE 100 Index (320) 9 22 34 30 17 19 29 Nasdaq 100 Index (330) 8 41 39 25 35 28 23 MSCI World$ (58) 7 5 5 4 4 9 8 Chile IPGA General (41) 6 8 9 5 5 7 3 Thailand Bangkok Set (67) 5 10 12 39 25 37 40 Dow Jones Transport (831) 4 2 3 7 16 25 7 Russia RTS Index (61) 3 4 6 9 34 3 17 China Shanghai B Index Spread (42) 2 3 10 36 45 35 43 China Shenzhen A Index Spread (43) 1 1 1 1 1 1 1 Sri Lanka CSE All Share (64) 13-Aug-10 06-Aug-10 30-Jul-10 23-Jul-10 16-Jul-10 25-Jun-10 18-Jun-10 Fund Name

11. Example of a Buy Signal Breakout of downtrend, moving up the momentum tables and a new uptrend all combine to make China a strong buy Current Stop-loss point SSEC-X – Shanghai Se Composite Index

12. Actual Trades Made Bought on 31 st July at $21.40 Rising Stop-loss Points Sold on 22 nd January at $31.15 URE – ProShares Ultra Real Estate ETF

13. Actual Trades Made Bought on 8 th March at $61.85 Rising stop-loss points Sold on 10 th May at $67.14 URE – ProShares Ultra Financials

14. Track Record 28.5% -4.6% 3.4% 0.1% 0.1% 0.1% 0.1% -1.9% 0.0% 4.0% 9.6% 0.5% 15.5% 2002 58.6% 9.6% -4.3% 10.7% 5.1% 9.0% 4.6% 4.4% 9.1% 5.6% -4.3% -1.0% 0.0% 2003 8.3% 3.5% 9.3% 1.5% 3.7% -0.9% -3.9% 2.9% -1.2% -6.8% -4.1% 3.6% 1.4% 2004 15.6% 6.8% 3.3% -7.5% 8.8% 0.6% 2.7% -0.1% 0.0% -0.8% -4.9% 6.9% 0.0% 2005 5.3% 5.9% 5.9% 5.4% 1.7% 1.8% -4.8% -11.7% -7.7% 5.7% 1.3% -0.7% 4.3% 2006 41.3% -0.9% -4.1% 13.7% 10.9% -2.2% 4.6% 3.3% 6.3% 5.7% 0.9% 0.3% -2.0% 2007 -8.6% -0.5% -0.1% -0.3% -1.6% -2.1% -1.6% -2.5% -0.3% -0.5% -0.1% 0.1% 0.6% 2008 14.8% 1.5% 2.3% -3.1% 4.8% 7.9% -0.7% -3.4% 5.1% 7.9% -1.2% -2.5% -4.5% 2009 -2.5% 10.9% -4.4% -8.9% 2.2% 0.3% -0.1% -1.5% 2010 Year Dec Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Year THE PERFORMANCE

15. Track Record

16. Disclaimer The information contained in this presentation should not be construed as financial or investment advice on any subject matter. Richmond Asset Management Ltd. expressly disclaims all liability in respect to actions taken based on any or all of the information in this presentation. Viewers are reminded that investing in securities, collective investment schemes and similar investment products may be highly speculative and may carry an extremely high degree of risk. The values of these investments may be adversely affected by fluctuations in exchange rates. Past performance is no guarantee of future performance and the value of investments and the income from them can fall as well as rise, especially over the short term. The information contained in this presentation must not be reproduced, copied or redistributed in whole or in part. It is published in good faith with no representation or warranty, expressed or implied by us or any person as to its accuracy or completeness and it should not be relied on as such. Richmond Asset Management Ltd. accepts no responsibility or liability for any loss or damage arising out of the use or reliance on the information provided including without limitation, the accuracy, subject matter, quality or timeliness of any content. Richmond Asset Management Ltd. 5 th Floor, Jubilee Centre, 46 Gloucester Road, Wan Chai, Hong Kong Tel: +852 2827 5138 Fax: +852 2596 0024 contact@richmondhk.com www.richmondhk.com