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Investor Presentaiton

Be prepared for a bumpy ride • Historically China A-share indexes have seen large swings in performance • In more recent times the China A-shares performance has decoupled from global markets • China A-share indexes have a higher historical volatility FTSE Year-on-Year Returns (USD TRI %) (2006-2016) 1 Year Rolling Volatilities (%) (2006-2016) 200 150 100 50 60 60 50 40 30 0 -50 10 -100 0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 FTSE Russell FTSE China A All Cap Index FTSE Emerging All Cap Index Past performance is no guarantee of future results. Returns shown may reflect hypothetical historical performance. Please see the page 50 for important legal disclosures. FTSE Global All Cap Index Source: FTSE Russell - data as at 31 May 2016 20
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