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Disclaimer

The above is strictly for information only and should not be considered as an offer, or solicitation, to deal in the APS Alpha Fund (the “Unit Trust”). Investments in the Unit Trust are not deposits or other obligations of, or guaranteed or insured by APS Asset Management Pte Ltd (the “Manager”) and are subject to investment risks, including the possible loss of the principal amount invested. The value of the Units and the income derived from them may fall as well as rise. The Manager’s past performance is not indicative of its future performance. Any forecast made is not necessarily indicative of future or likely performance of the Unit Trust. All applications for Units in the Unit Trust must be made on the application forms accompanying the prospectus. Investors should read the prospectus for details. The APS Alpha Fund (the “Fund”) will be launched on or about 23.07.03 and a Prospectus will be available to investors thereafter. Investors will be able to obtain a copy of the Prospectus from the fund managers or their distributors from the Launch Date. A potential investor should read the Prospectus before deciding whether to subscribe for or purchase Units in the Fund.