Pantera IGS - an alternative investment fund and a low-risk European MTN trading platform

Presentation in:

• Pantera IGS is a cash fund that invests in time deposits at the highest-rated banks to use as cash collateral for the purchase of new-issue EMTNs and Bonds issued directly from European banks for immediate re-sale at a profit.

• Pantera IGS has been approved by the Luxembourg CSSF and is the first institutional fund to be listed on the Luxembourg Stock Exchange using this low-risk trading strategy.

• Pantera IGS offers the principal protection of time deposits while trading in new-issue bank MTNs and Bonds for immediate cash profits which stay in the trading account.

• These instruments (MTNs) are purchased from the issuing banks only after receiving firm buy order commitments from institutional account buyers with Pantera acting as intermediary.

• The Net Asset Value is calculated each month only from the cash position in the TDs plus the cash trading account at our custodian RBC Dexia Investor Services Bank SA.

• Cash NAV expected to accrete each month due to cash profits accumulated in trading account, and anticipated to have low volatility and upward momentum.

RBC Dexia Investor Services Bank SA custodian and administrator of the Pantera IGS Fund

Pantera is an Alternative Investment Fund and

a Low-Risk European Medium Term Note Trading Platform