INSIGHT GLOBAL EQUITIES TEAM FOCUSES ON THEMATIC RESEARCH TO WEATHER EQUITIES STORM

30 January 2009

Insight Investment’s head of global equities, David Marchant, says that a thematic approach is helping his team see through the fog of uncertainty and fear hanging over markets to find attractive investment opportunities.

At present, the team is focusing on four major themes – constrained credit, bigger government, demographic change and innovation. Within the constrained credit theme the team is investing in companies it believes will benefit from accelerated industry consolidation, and companies whose business models are perfectly suited to an environment where consumers “trade down” to get the most out of every pound, dollar, euro or yen they spend.

While stresses in the global financial system currently remain high, the team has found a number of non-bank financial companies which it believes will benefit as policy action around the world, particularly in the US , begins to narrow corporate credit spreads from extremely wide positions. The bigger government theme has led to investments in a range of clean energy and infrastructure related companies.

Marchant comments: “There is a lot of uncertainty on how the global economy will respond to the stimulus being applied, we think we can have more certainty on key structural changes taking place in the world - we use those themes to guide us to companies that should benefit.”

Social, ethical and responsible investment research is also an important aspect of Insight’s process.

“Environmental and social issues have steadily become more important to consumers, politicians, companies, and by extension, investors. Having the ability to research these issues in detail has helped us identify opportunities in areas such as clean energy and agriculture, but also brings another dimension to how we assess the risk attached to individual corporate behaviour,” says Marchant.

Insight’s thematic approach has helped it to generate superior investment performance - its Global Equity Product has beaten the MSCI world by 3% over five years*.

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For further information please contact:

Insight Investment press office Tel: 020 7321 1358

Notes to editors:

*Source: Insight Investment, data as at 30/11/2008, GBP, gross of fees. Composite: GIPS® Equities, MSCI World. Inception: 31/12/2003 - C0354. Benchmark: MSCI World

This press release represents Insight’s view as at 19 January 2008.

Insight Investment Management (Global) Limited is registered in England and Wales . Registered office 33 Old Broad Street, London EC2N 1HZ. Registered no. 827982. Authorised and regulated by the Financial Services Authority.

Insight Investment manages funds for institutional and retail clients across a range of asset types including equities, bonds, derivatives and alternatives, with the aim of providing precise investment solutions for investment needs. Insight’s assets under management totalled £119.2 billion as at 31 December 2008.