1. Data Explorers’ Independent Securities Lending Compliance and Risk Management Solution “ It is our recommendation that clients suspend securities lending activity unless loan arrangements are well understood and are comfortable with the risks associated with their program. “ - Watson Wyatt, November 2008

2. DataExplorers is the world’s only securities lending consultancy. We do not operate in any other areas. 120 clients provide more than 3 million transactions a day from over 18,000 separate funds Help beneficial owners and custodians manage securities lending risk (Generate risk adjusted returns and understand your exposures) Help beneficial owners and custodians understand and manage their securities lending program performance (Benchmark yourself against over 110 other programs ) Coverage of $9 trillion -over 75% of securities available globally (1) (Across asset classes) (1) As of December 17 th , 2008 Coverage of over 200,000 global securities Available as data feeds, Excel Add-in and Web applications Mayfair Connecticut Mid Town

3. Our offering is comprehensive and tailored to your specific needs 4. Specialist Consulting Services Obtain independent advice on your securities lending programme revenue opportunities balanced with risk perspective

5. Customer case studies: tailored solutions

7. We can help you understand your performance relative to your peers and to act accordingly

9. Summary and next steps Ensure peace of mind in relation to your securities lending program Comply with your fiduciary requirements in an easy, cost effective manner Secure true, independent assessment of your program’s performance and risks Communicate with your internal and external stakeholders in a simple, transparent manner to increase confidence in your operation We can provide a comprehensive oversight solution for your lending program