INSIGHT INVESTMENT LAUNCHES UK EQUITY INCOME BOOSTER FUND

30 March 2009

Insight Investment today announces the launch of the Insight UK Equity Income Booster, a new equity income fund that aims to provide an enhanced level of income with potential for capital growth. The Fund invests primarily in UK equity and equity related securities* combined with a systematic call option overwriting programme to boost income and reduce volatility. The UK Equity Income Booster Fund targets an annualised yield of 8%** and is being offered from today through intermediaries to the UK retail market.

The UK Equity Income Booster Fund will be jointly managed by Tim Rees, a specialist in equity income investment, and Richard Lloyd***, an expert in derivative-based investment strategies. This dual fund management approach is expected to differentiate this Fund from its competitors, bringing together the strength of Insight’s equity income fund management and research platform with Insight’s leading derivative capability as one of the largest buy-side participants in the derivatives market.

Gordon Phillips, head of business development, Insight Investment, said: “The equity income sector is gaining popularity as investors take a longer term approach and favour funds which can participate in a potential equity market recovery but with the benefit of high, stable income along the way. With its dual fund management approach, the Insight UK Equity Income Booster is a compelling income solution for investors who are comfortable with equity risk but seek a higher income stream coupled with more defensive characteristics than traditional equity income funds. ”

Richard Lloyd, head of structured solutions, Insight Investment, commented: “The time is right for this type of Fund with interest rates at all-time lows and equity markets offering strong potential for growth . Insight’s UK Equity Income Booster will generate high income by combining a high quality equity portfolio and a systematic derivative overlay supported by our market leading access to the derivatives market.”

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For further information please contact:

Insight Investment press office Tel: 020 7321 1358

Notes to editors:

* Up to 20% of the Fund may be invested in non-UK equities.

** The target yield quoted is an estimate and is not guaranteed. It is based on the anticipated level of income distributions over a twelve month period. The target yield will be reviewed on an annual basis and is quoted net of charges (which are deducted from capital) and net of basic rate tax. We are aware that for a period of time after launch and until sufficient data is available some external data providers may display the yield as 0%.

*** FSA approval pending in relation to fund management and dealing activities.

The UK Equity Income Booster Fund is jointly managed by Insight’s UK equity and structured solutions teams. The underlying equity portfolio is managed by the UK equity team. Tim Rees, Insight’s principal equity income manager, has primary responsibility for stock selection and the management of the Fund on a day to day basis. Tim has been with Insight (formerly Clerical Medical Investment Management) for 25 years and is responsible for managing over £2 billion in assets.

The call option overlay is managed by the structured solutions team, part of Insight’s Financial Solutions Group. Richard Lloyd and team are responsible for creating and implementing innovative derivative-based products and solutions across asset classes for Insight’s clients. Richard joined Insight from Schroders in June 2008 to establish the structured solutions team within FSG. He has been designing structured products for more than 10 years, and in his previous position was responsible for managing around $10 billion in assets including the Schroder Income Maximiser strategy.

Issued by Insight Investment Funds Management Limited, the Authorised Corporate Director of the Insight Investment range of UK funds. Registered in England and Wales. Registered office 33 Old Broad Street, London EC2N 1HZ. Registered no. 1835691. 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.