Arisaig Asia Fund - Performance to 30 November 2008 (%)  
  10 year 5 year 3 year 2 year 1 year 6 months YTD Date of Since  Annualised 
                Launch Launch Return
Arisaig Asia Fund (%) * +215.7 +7.8 -20.3 -38.8 -53.8 -49.0 -55.4 31-Dec-96 +123.5 +7.0
Arisaig ASEAN Fund (%) +81.1 -7.5 -19.0 -45.6 -53.5 -47.7 -55.0 01-Apr-98 +121.9 +7.8
Arisaig India Fund (%) N/A +39.9 -30.8 -46.8 -63.9 -54.1 -67.3 11-Jun-99 +146.8 +10.0
Arisaig Greater China Fund (%) N/A -4.0 -5.7 -27.5 -46.9 -48.4 -47.4 01-Jun-00 +72.8 +6.6
Arisaig Korea Fund (%) N/A +42.7 -25.3 -36.4 -49.2 -40.3 -49.5 06-Oct-00 +226.1 +15.6


  * Reflects the performance of the Arisaig Asian Small Companies Fund from 31.12.96 to 21.1.00 and thereafter the performance of the Arisaig Asia Fund.

 
Arisaig Asia Fund - Annual Performance of Funds (%)  
                                              YTD   Annualised 
  1997   1998   1999   2000   2001   2002   2003   2004   2005   2006   2007   Nov 08   Returns  *
Arisaig Asia Fund ** -17.7   -15.7   +111.5   -33.9   +29.3   +11.9   +56.8   +9.9   +21.5   +29.1   +32.1   -55.4   +7.0
Arisaig ASEAN Fund N/A   +16.6 * +40.0   -43.0   +16.9   +43.1   +62.0   +4.9   +  8.7   +47.1   +16.4   -55.0   +7.8
Arisaig India Fund N/A   N/A   +111.6 * -41.8   -23.5   +7.6   +100.6   +32.3   +39.3   +24.0   +62.3   -67.3   +10.0
Arisaig Greater China Fund N/A   N/A   N/A   -20.7 * +32.4   + 9.5   +60.7   +1.8   +3.2   +28.2   +31.8   -47.4   +6.6
Arisaig Korea Fund N/A   N/A   N/A   -10.9 * +99.1   +7.3   +26.9   +12.2   +65.5   +22.7   +17.4   -49.5   +15.6


  * From date of launch of the respective funds:
  Arisaig ASEAN Fund: 1.4.98;   Arisaig India Fund: 11.6.99;   Arisaig Greater China Fund: 1.6.00;   Arisaig Korea Fund 6.10.00;  Arisaig Central Asia Fund 2.7.07.

** Reflects the performance of the Arisaig Asian Small Companies Fund from 31.12.96 to 21.1.00 and thereafter the performance of the Arisaig Asia Fund