Hansard New Protected Funds, Feb 2009

NEW PROTECTED FUND LINKS

We are very pleased to announce the Launch of our new Protected Funds, the Hansard Multi-Asset Protector.

The investment objective of this new protected fund is to provide protected capital appreciation through investment in a basket of assets with exposure mainly to global equity and debt markets. The investment in a range of asset classes, with allocation across different markets and sectors, is designed to provide an appropriate level of diversification. The Fund will provide a minimum level of protection of 80% of the highest ever Net Asset Value (NAV) and the opportunity to benefit from unlimited growth potential of global financial markets. It is designed to deliver capital growth whilst reducing volatility and limiting downside risk.

Hansard are writing to all policyholders that are invested in the existing protected fund links offering them four options going forward. These options are as follows:

Option 1. Switch into the new protected fund link.

Option 2. Switch protected fund link holdings to an appropriate deposit fund.

Option 3. Switch into other fund links.

Option 4. Do nothing at this time.

If you have any questions about the choices that are available or would like to learn more about the new funds then please contact me.

The new Hansard Multi-Asset Protector fund links are available in four currencies and the fund names and fund codes are as follows:

Hansard International Limited

Hansard Multi-Asset Protector GBP (Fund Code MB46)

Hansard Multi-Asset Protector EUR (Fund Code MX50)

Hansard Multi-Asset Protector USD (Fund Code MC124)