Investor Presentaiton

Sources of Funding for SWFS Nigeria Sovereign Investment Authority Sn Country Fund Name Assets (US$ bn) Inception Source 1 Norway Government Pension Fund - Global 1035.24 1990 Oil NA 2 China China Investment Corporation 900 2007 Non-commodity Seed Capital US$200 billion 3 UAE-Abu Dhabi Abu Dhabi Investment Authority 828 1976 Oil NA 4 Kuwait Kuwait Investment Authority 524 1953 Oil 5 Saudi Arabia SAMA Foreign Holdings 494 1952 Oil NA N/A: prior to its establishment, the Kingdom did not have a monetary system 6 China Hong Kong Hong Kong Monetary Authority Investment Portfolio 456.6 1993 7 China SAFE Investment Company 441 1997 8 Singapore Government of Singapore Investment Corporation 390 1981 Non-commodity Non-commodity Non-commodity NA $20 billion NA 9 Singapore Temasek Holdings 320.8 1974 Non-commodity S$354 million (Singaporean Dollars) 10 Qatar 11 China 12 Saudi Arabia 13 UAE Dubai 14 UAE - Abu Dhabi 15 UAE Abu Dhabi 16 South Korea 17 Australia 18 Iran 19 Russia 20 Libya 21 US Alaska 22 Kazakhstan Qatar Investment Authority 320 2005 Oil US$60 billion National Social Security Fund 295 2000 Non-commodity NA Public Investment Fund 250 2008 Oil NA Investment Corporation of Dubai 209.5 2006 Oil NA Mubadala Development Company 125 2002 Oil NA Abu Dhabi Investment Council 123 2007 Oil NA Korea Investment Corporation 122.3 2005 Non-commodity NA Australian Future Fund 105.4 2004 Non-commodity National Development Fund of Iran 91 2011 Oil National Welfare Fund 66.3 2008 Oil AUS$18 billion (Australian Dollars) 20% of Oil revenue, the year it was established US$32 billion Libyan Investment Authority 66 2006 Oil Alaska Permanent Fund 61.5 1976 Oil US$734,000 Samruk-Kazyna JSC 60.9 2008 Non-commodity NA 23 Kazakhstan Kazakhstan National Fund 57.9 2000 Oil NA 24 Brunei 25 Turkey 26 Malaysia 27 US Texas 28 UAE Federal 29 Azerbaijan Khazanah Nasional Texas Permanent School Fund Emirates Investment Authority State Oil Fund Brunei Investment Agency 40 1983 Oil NA Turkey Wealth Fund 40 2016 Non-commodity NA 38.7 1993 Non-commodity NA 37.7 1854 Oil and other US$2 million 34 2007 Oil NA 33.1 1999 Oil NA 30 New Zealand New Zealand Superannuation Fund 28.5 2003 Non-commodity NZ$2.4 billion (New Zealand Dollars) 31 US New Mexico New Mexico State Investment Council 20.2 1958 Non-commodity NA 32 Oman State General Reserve Fund 18 1980 Oil and gas NA 33 US Texas Permanent University Fund 17.3 1876 Oil & Gas NA 34 East Timor Timor-Leste Petroleum Fund 16.6 2005 Oil and gas $205 million 35 Chile Social and Economic Stabilization Fund 14.7 1985 36 Canada Alberta's Heritage Fund 13.4 1976 37 Russia Russian Direct Investment Fund 13 2011 $2.58 billion CAD$1.5 billion US$10 billion * Data sourced from the International Forum of Sovereign Wealth Fund (IFSWF) and Sovereign Wealth Fund Institute (SWFI) as at Dec 2018. Data may differ from current information on the corporate websites of the individual SWFs. Copper Oil Non-commodity 16

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