Investor Presentaiton

The Stabilisation Fund (SF): Investment Strategy Highlights Objective of the Stabilisation Fund is to provide stabilisation support to the Federation revenue in times of economic stress. The twin mandate of the SF are capital preservation and liquidity. The SF thus has a short time horizon and invests in conservative fixed income mandates. Allocations were made to two managers under the Investment grade Corporate Credit bucket (IR+M 1-5 Year Credit A or Better and Smith Graham & Co Enhanced Cash Product). SF Total Asset Allocation (US$ Mn) Credit Exposed Assets Asset Class Allocation (US$ mn) 176 124 176 Currently Allocated Unallocated/Cash Management Credit Exposed Assets Investment Grade Corporate Fixed Income Rate Exposed Assets US T-Bills US Treasuries 1-3 years Total Rate Exposed Assets 124 Allocation Guidelines Currently Allocated Unallocated/Cash Management Policy & Tactical Target Benchmark 60% Barclays US Universal Bond Index Libor 3 Month US$ 91 Day Treasury Bill Index Barclays US Universal Bond Index 40% Barclays 1-3 Year Treasury Bond 91-Day Treasury Bill Index 100% Barclays 1-3 Year Treasury Bond Nigeria Sovereign Investment Authority 31

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