LEGAL NOTICE

IN THE MATTER OF

THE COMPANIES ACT 1981

("the Act")

NOTICE IS HEREBY GIVEN that Michael J. Mello and Hildeberto de Frias on behalf of Fiduciary Partners Trust Company Ltd. and Roger Andrew Wong and Marguerite May Wong all as trustees of the Manmark Trust are applying to incorporate a local company with limited liability to be called:

Point Finger Road

Medical Laboratory Ltd.

which shall have unrestricted objects.

For an on behalf

of our clients

QUORUM

BERMUDA

LIMITED

LEGAL NOTICE

IN THE MATTER OF

THE COMPANIES ACT 1981

("the Act")

NOTICE IS HEREBY GIVEN that Michael J. Mello and Hildeberto de Frias on behalf of Fiduciary Partners Trust Company Ltd. and Roger Andrew Wong and Marguerite May Wong as Trustees of the Manmark Trust and Byrant Alexander Scott Trew and Kevin Bean as trustees of the Sonoview Trust and Jerome Reid are applying to incorporate a local company with limited liability to be called:

PFR Sonoview Imaging Ltd.

which shall have unrestricted objects.

For an on behalf

of our clients

QUORUM

BERMUDA

LIMITED

LEGAL NOTICE

IN THE MATTER OF

THE COMPANIES ACT 1981

(the "Act")

NOTICE IS HEREBY GIVEN that Kenneth Krys (acting in his capacity as sole shareholder of Krys & Associates Cayman Ltd.) and Brian Patterson (acting in his capacity as sole shareholder of BJP Holdings Ltd.) are applying to incorporate a local company with limited liability to be called:

Krys & Associates (Bermuda) Ltd.

which shall have unrestricted objects.

QUORUM

BERMUDA

LIMITED

NOTICE OF CLOSURE

OF THE REGISTER OF

MEMBERS OF

Ngai Hing Hong

Company Limited

NOTICE IS HEREBY GIVEN that the Register of Members of Ngai Hing Hong Company Limited will be closed from 24th March, 2010 to 26th March, 2010, both days inclusive, during which period no transfer of shares will be effected.

Dated this 11th day of March, 2010.

Conyers Dill

& Pearman

Attorneys to

the Company

IN THE MATTER OF:

The Companies Act 1981

IN THE MATTER OF:

CTP Realty Ltd.

The Members of the above-named Company, acting by written consent without a meeting on March 12, 2010 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Robin J Mayor be and is hereby appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Michael Ashford

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBERS' VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

CTP Realty Ltd.

TO:

The Registrar of Companies:

I, Robin J Mayor of Clarendon House, Church Street, Hamilton in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of CTP Realty Ltd. (the "Company") by a resolution of the Company dated March 12, 2010.

Christian Luthi

For and On Behalf Of

Robin J Mayor,

Liquidator

(Pursuant to the

Power of Attorney

dated 4th January 2010)

IN THE MATTER OF:

The Companies Act 1981

IN THE MATTER OF:

CTP Realty Ltd.

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before March 31, 2010, to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Robin J Mayor, the undersigned, at Messrs. Conyers Dill & Pearman, Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Christian Luthi

For and On Behalf Of

Robin J Mayor,

Liquidator

(Pursuant to the

Power of Attorney

dated 4th January 2010)

IN THE MATTER OF:

The Companies Act 1981

and

IN THE MATTER OF:

CTP Realty Ltd.

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Members of the above named Company will be held at the offices of Messrs. Conyers Dill & Pearman, Clarendon House, Church Street, Hamilton, Bermuda on April 21, 2010, at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Christian Luthi

For and On Behalf of

Robin J Mayor,

Liquidator

(Pursuant to the

Power of Attorney

dated 4th January 2010)

IN THE MATTER OF:

The Companies Act 1981

IN THE MATTER OF:

Man Increased

Leverage Trading Series 1 Ltd

The Members of the above-named Company, acting by written consent without a meeting on 5th March, 2010 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Beverly Mathias be and she is appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Christine Perinchief

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBERS' VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

Man Increased

Leverage Trading Series 1 Ltd

TO: The Registrar of Companies:

I, Beverley Mathias of c/o Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of Man Increased Leverage Trading Series 1 Ltd (the "Company") by a resolution of the Company dated 5th March, 2010.

Beverly Mathias

Liquidator

IN THE MATTER OF:

The Companies Act 1981

IN THE MATTER OF:

Man Increased

Leverage Trading Series 1 Ltd

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 31st March, 2010 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Beverley Mathias of c/o Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated:17th March, 2010

Beverly Mathias

Liquidator

IN THE MATTER OF:

The Companies Act 1981

and -

IN THE MATTER OF:

Man Increased

Leverage Trading Series 1 Ltd

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Members of the above named Company will be held at the offices of Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda on 27th April, 2010 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated:17th March, 2010

Beverly Mathias

Liquidator

IN THE MATTER OF:

The Companies Act 1981

IN THE MATTER OF:

Man IPB Multi-Strategy Guaranteed Ltd

The Members of the above-named Company, acting by written consent without a meeting on 5th March, 2010 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Beverly Mathias be and she is appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Christine Perinchief

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBERS' VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

Man IPB Multi-Strategy Guaranteed Ltd

TO: The Registrar of Companies:

I, Beverley Mathias of c/o Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of Man IPB Multi-Strategy Guaranteed Ltd (the "Company") by a resolution of the Company dated 5th March, 2010.

Beverly Mathias

Liquidator

IN THE MATTER OF:

The Companies Act 1981

IN THE MATTER OF:

Man IPB Multi-Strategy Guaranteed Ltd

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 31st March, 2010 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Beverley Mathias of c/o Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated:17th March, 2010

Beverly Mathias

Liquidator

IN THE MATTER OF:

The Companies Act 1981

and -

IN THE MATTER OF:

Man IPB Multi-Strategy Guaranteed Ltd

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Members of the above named Company will be held at the offices of Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda on 27th April, 2010 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated:17th March, 2010

Beverly Mathias

Liquidator

IN THE MATTER OF:

The Companies Act 1981

IN THE MATTER OF:

Triple Crown Trading Ltd

The Members of the above-named Company, acting by written consent without a meeting on 5th March, 2010 passed the following resolutions:

(1) THAT the Company be wound up voluntarily, pursuant to the provisions of the Companies Act 1981;

(2) THAT Beverly Mathias be and she is appointed Liquidator for the purposes of such winding-up, such appointment to be effective forthwith.

Christine Perinchief

Secretary

IN THE MATTER OF: The Companies Act 1981

MEMBERS' VOLUNTARY WINDING-UP

NOTICE OF APPOINTMENT OF LIQUIDATOR

Triple Crown Trading Ltd

TO: The Registrar of Companies:

I, Beverley Mathias of c/o Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda, hereby give you notice that I have been appointed Liquidator of Triple Crown Trading Ltd (the "Company") by a resolution of the Company dated 5th March, 2010.

Beverly Mathias

Liquidator

IN THE MATTER OF:

The Companies Act 1981

IN THE MATTER OF:

Triple Crown Trading Ltd

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that the Creditors of the above named Company, which is being voluntarily wound up, are required, on or before 31st March, 2010 to send their full Christian and Surnames, their addresses and descriptions, full particulars of their debts or claims, and the names and addresses of their lawyers (if any) to Beverley Mathias of c/o Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda, the Liquidator of the said Company, and if so required by notice in writing from the said Liquidator, and personally or by their lawyers, to come in and prove their debts or claims at such time and place as shall be specified in such notice, or in default thereof they will be excluded from the benefit of any distribution made before such debts are proved.

Dated:17th March, 2010

Beverly Mathias

Liquidator

IN THE MATTER OF:

The Companies Act 1981

and -

IN THE MATTER OF:

Triple Crown Trading Ltd

(In Members' Voluntary Liquidation)

NOTICE IS HEREBY GIVEN that a final general meeting of the Members of the above named Company will be held at the offices of Argonaut Limited, Argonaut House, 5 Park Road, Hamilton HM 09, in the Islands of Bermuda on 27th April, 2010 at 9.30am, or as soon as possible thereafter, for the purposes of:

(1) receiving an account laid before them showing the manner in which the winding-up of the Company has been conducted and its property disposed of and of hearing any explanation that may be given by the Liquidator; and

(2) by resolution determining the manner in which the books, accounts and documents of the Company and of the Liquidator shall be disposed of; and

(3) by resolution dissolving the Company.

Dated:17th March, 2010

Beverly Mathias

Liquidator

IN THE MATTER OF THE COMPANIES ACT 1981

(the "Act")

AND

IN THE MATTER OF

CHINA OIL AND GAS GROUP LIMITED

(the "Company")

NOTICE OF REDUCTION OF SHARE PREMIUM

NOTICE IS HEREBY GIVEN pursuant to Section 46(2)(a) of the Act that the Company proposes to reduce its share premium from HK$2,568,367,116.47 to HK$1,968,367,116.47 by cancelling an amount of HK$600,000,000 standing to the credit of the share premium account of the Company (the "Share Premium Cancellation").

It is intended that conditional upon satisfaction of certain conditions, the Share Premium Cancellation will take effect on or about 2 April, 2010.

Conyers Dill

& Pearman

Attorneys to

the Company

Dated this 17th day of March, 2010.

NOTICE OF CLOSURE

OF THE REGISTER OF

MEMBERS OF

Recruit Holdings

Limited

NOTICE IS HEREBY GIVEN that the Register of Members of Recruit Holdings Limited will be closed from 9th April 2010 to 13th April 2010, both days inclusive, during which period no transfer of shares will be effected.

Dated this 15th day of March 2010

Conyers Dill

& Pearman

Attorneys to

the Company

IN THE SUPREME COURT OF BERMUDA

PROBATE

JURISDICTION

SECTION 53 OF THE ADMINISTRATION OF ESTATES ACT 1974

IN THE ESTATE OF

RONALD EUGENE

TERRENCE

CHRISTOPHER,

Deceased

NOTICE IS HEREBY GIVEN that all persons having claims against the Estate of RONALD EUGENE TERRENCE CHRISTOPHER late of 16 Keith Hall Estate Road, Warwick Parish WK 09, Bermuda who died on the 16th day of May, 2005 are required to forward the particulars of their claims to the undersigned not later than the 19th day of April, 2010, after which date the Administratrix will proceed to distribute the assets of the said deceased amongst the persons entitled thereto having regard only to the claims of which she shall then have had notice, and that she will not be liable for the said assets or any part thereof so distributed to any person or persons whose claims she shall not then have had notice.

Dated this 3rd day of March 2010.

MILLIGAN-WHYTE

& SMITH

Mintflower Place

8 Par-la-Ville Road

Hamilton HM 08

Attorneys for

the Administratrix

IN THE SUPREME COURT OF BERMUDA

PROBATE JURISDICTION

In the Estate of

Edward Michael

De Silva,

deceased

NOTICE IS HEREBY GIVEN that MICHELLE BEVERLEY DALLAS of "Cove Cottage", 8 High Point Road, Pembroke Parish HM 01, Bermuda, SALLY ANN TOPLEY of 26 Store Lane, Sandy's SB 02, Bermuda and LINDA MARIE EVE of 10 Lower West Apartment Warwick Park Road, Warwick WK 05, Bermuda intend to apply to the Supreme Court of Bermuda for Grant of Probate in the estate of the above-named deceased. Any person having or who may have a beneficial interest in the estate of the above-named deceased because of their relationship to the above named deceased by blood, should inform the undersigned within thirty (30) days of the date hereof after which date the undersigned will proceed to distribute the estate of the above-named deceased amongst the known persons entitled thereto.

APPLEBY

Canon's Court,

22 Victoria Street

Hamilton

Attorneys for

the Executors

THE BERMUDA MONETARY AUTHORITY ANNUAL FEES AND RETURNS

EFFECTIVE 2010

For the convenience of the public, the following is a summary of the Annual Returns and Fees for regulated entities pursuant to Schedule 4 of the Bermuda Monetary Authority Act 1969, the Banks and Deposit Companies Act 1999, the Insurance Act 1978, the Investment Business Act 2003, the Investment Funds Act 2006 and the Trusts (Regulation of Trust Business) Act 2001 and Proceeds of Crime Regulations (Supervision and Enforcement) Act 2008.

Banks and Deposit Companies Act 1999

(1) Application for a licence pursuant to section 13(1) $21,000.00

(2) Annual fee pursuant to section 16 -

(a) where an institution falls in band A $17,325.00

(b) where an institution falls in band B $115,500.00

(c) where an institution falls in band C $231,000.00

(3) For the purposes of paragraph (2), an institution falls -

(a) in band A, if it has consolidated gross assets not exceeding $500 million on December 31st of the year preceding the year in which the fee is due;

(b) in band B, if it has consolidated gross assets exceeding $500 million but not exceeding $2 billion on December 31st of the year preceding the year in which the fee is due;

(c) in band C, if it has consolidated gross assets exceeding $2 billion on December 31st of the year preceding the year in which the fee is due.

(4) In this paragraph "consolidated gross assets" does not include assets

included within the consolidated financial statements of a subsidiary

company of the institution which is separately licensed under the Banks

and Deposit Companies Act 1999.

Annual fees in respect of (2) above are due on or before 30th April 2010.

The Bermuda Monetary Authority Act 1969

Application for a licence to carry on money service business pursuant to the Money

Service Business Regulations 2006 made under section 20AA(2) of the Bermuda

Monetary Authority Act 1969 $4,725.00

Annual Fee pursuant to the Regulations $4,725.00

Annual fees in respect of the above are due on or before 30th April 2010.

Proceeds of Crime Regulations (Supervision and Enforcement) Act 2008

Application fee under section 14(1) $105.00

Annual fee under section 14(2) $750.00

The first annual fee payable on registration shall be a proportion of the annual fee

from the period from the date of registration to 31 December next following, counting

part of a month as one month for the purpose of calculating the annual fee.

Insurance Act 1978

(1) Applying for registration as -

(a) an insurer under section 4(1) $525.00

(b) an insurance manager , broker or agent -

under section 10 $300.00

(c) an insurance salesman under section 10 $71.00

(2 Applying -

(a) to vary or delete any conditions imposed on the Certificate of Registration

under section 4(3) $210.00

(b) to register as a different class of insurer under section 4(6) $350.00

(c) [repealed]

(d) to be granted an extension to the filing deadline under section 17(4) $525.00

(e) to be exempted from the record keeping requirements of section 18C(2) $210.00

(ea) to notify new or increased shareholder control under section 30D $210.00

(f) to file an affidavit prior to the payment of dividends exceeding 25% of a

Class 4 insurer's statutory capital and surplus under section 31B $210.00

(g) to receive Bermuda Monetary Authority approval for an insurer to reduce

total statutory capital by 15% or more under section 31C $525.00

(h) to be granted a direction under section 56 other than those mentioned in

paragraph (ha) $210.00

(ha) to be granted a direction under section 56, in respect of-

(i) exemption from requirement of section 18B to include opinion of loss

reserve Specialist $350.00

(ii) modifying of accounting provisions under sections 15 to 18 and

regulations $525.00

(iii) modifying margin of solvency for general business under section

33 and regulations $350.00

(iv) modifying statutory financial returns under sections 15 to 18 and

regulations $350.00

(i) to be granted a direction under section 57A $1,313.00

(j) to receive Bermuda Monetary Authority approval for an asset not

appearing on lines I, 2, 3(a), 5(a), 9, 10. 11 and 12 as required by the

Insurance Accounts Regulations 1980, to be treated as "relevant assets" $525.00

(k) to receive Bermuda Monetary Authority approval of letters of credit,

guarantees and any other instruments to be treated as other fixed capital $350.00

(l) application for cancellation of registration under section 41(1)(a) $350.00

(m) application for approval of internal model made under the provisions of

an Order made under section 6A $50,000.00

Fees in respect of the above are due upon application.

(3) Registering as -

(a) an insurer-

(i) non-resident insurance undertaking under the Non-Resident

Insurance, Undertakings Act 1967 (fees in paragraphs (a)(ii) to (x) of

this item do not apply to these undertakings) $3,650.00

(ii) Class I insurer carrying on general business $971.00

(iii) Class 2 insurer carrying on general business $1,737.00

(iv) Class 3 insurer carrying on general business $10,500.00

(iva) Class 3A insurer carrying on general business $19,000.00

(ivb) Class 3B insurer carrying on general business $75,000.00

(v) Class 4 insurer carrying on general business $220,500.00

(vi) Long term insurer $19,000.00

(via) SpecialPurpose insurers $10,000.00

(vii) Class I insurer carrying on both general business and long-term

business $10,500.00

(viii) Class 2 insurer carrying on both general business and long-term

business $10,500.00

(ix) Class 3 insurer carrying on both general business and long-term

business $10,500.00

(ixa) Class 3A insurer carrying on both general business and long term

business $19,000.00

(ixb) Class 3B insurer carrying on both general business and long term

business $75,000.00

(x) Class 4 insurer carrying on both .general business and long-term

business $220,500.00

(b) an insurance manager, broker or agent under section 10 $1,406.00

(c) an insurance salesman under 10 $140.00

(4) Issuing any certificate under section 14(1)(c) $525.00

(5) Inspecting the register under section 14(1)(d) $9.00

(6) The furnishing by the Authority of any document or copy of a document

under section 14(1)(e):

(a) for the first three pages or part thereof $6.00

(b) for each additional three pages or part thereof $6.00

Fees in respect of the above are due upon application

(7) Annual fee under section 14(2) payable by-

(a) an insurer:-

(i) non-resident insurance undertaking under the Non-Resident

Insurance Undertakings Act 1967 (fees in paragraphs (a)(ii) to (x) of

this item do not apply to these undertakings) $3,650.00

(ii) Class 1 insurer carrying on general business $971.00

(iii) Class 2 insurer carrying on general business $1,737.00

(iv) Class 3 insurer carrying on general business $10,500.00

(iva) Class 3A insurer carrying on general business $19,000.00

(ivb) Class 3B insurer carrying on general business where gross premium

written as reported in the previous year's statutory financial return

(or, with the approval of the Authority, in the most recent statutory

financial return)-

exceeds $50 million but does not exceed $150 million $75,000.00

exceeds $150 million but does not exceed $350 million $100,000.00

exceeds $350 million but does not exceed $2 billion $140,000.00

exceeds $2 billion $175,000.00

(v) Class 4 insurer carrying on general business $220,500.00

(va) for each of the calendar years 2009 and 2010 (in respect of the

mutual recognition initiative), an additional annual fee of $40,000

shall be payable by each Class 4 insurer $40,000.00

(vi) Long-term insurer $19,000.00

(via) Special Purpose Insurers $10,000.00

(vii) Class 1 insurer carrying on both general business and long-term

business $10,500.00

(viii Class 2 insurer carrying on both general business and long-term

business $10,500.00

(ix) Class 3 insurer carrying on both general business and long-term

business $10,500.00

(ixa) Class 3A insurer carrying on both general business and long term

business $19,000.00

(ixb) Class 3B insurer carrying on both general business and long term

business where gross premium written as reported in the previous

year's statutory financial return (or, with the approval of the

Authority, in the most recent statutory financial return)-

exceeds $50 million but does not exceed $150 million $75,000.00

exceeds $150 million but does not exceed $350 million $100,000.00

exceeds $350 million but does not exceed $2 billion $140,000.00

exceeds $2 billion $175,000.00

(x) Class 4 insurer carrying on both general business and long-term

business $220,500.00

(b) an insurance manager. broker or agent under section 10 $1,406.00

(c) an insurance salesman under section 10 .$140.00

Annual fees in respect of the above are due on or before 31st March 2010.

Investment Business Act 2003

(1) Application Fee for a licence pursuant to section16 $2,100.00

(2) Annual licence fee pursuant to section 19(b) -

(a) where the investment provider carries on 

(i) an investment activity of a kind specified in paragraph 2 of Part 2 of

the First Schedule to the Act in connection with shares or units in a

collective investment scheme;

(ii) an investment activity of a kind specified in paragraph 4 of Part 2 of

the First Schedule to the Act; or

(iii) an investment activity falling within (i) and (ii) above $2,000.00

(b) where the investment provider carries on an investment activity of a

kind specified in paragraphs 1, 2 and 3 of Part 2 of the First Schedule to

the Act but is not licensed to hold client assets $5,000.00

(c) where the investment provider carries on an investment activity of a

kind specified in Part 2 of the First Schedule to the Act and is licensed to

hold client assets $10,000.00

(3) Annual licence fee payable pursuant to section 19(b) where an investment

provider falls within paragraph (2)(a), (b) or (c) and is part of a group which is

subject to consolidated supervision by the Authority as home regulator under

the Act, and that group -

(a) has consolidated net assets not exceeding $500 million $57,750.00

(b) has consolidated net assets exceeding $500 million $231,000.00

Annual fees in respect of (2) and (3) above are due on or before 30th April 2010

The Investment Funds Act 2006

(1) Application fee: authorisation (all funds) $788.00

(2) Reclassification fee (all funds) $788.00

(3) Annual fee -

Standard fund $1,418.00

Administered fund $893.00

Institutional fund $893.00

(4) Application fee: exempted funds $525.00

(5) Annual fee exempted funds $630.00

(6) Application fee: fund administrator licence $7,875.00

(7) Annual fee: (fund administrator) $8,663.00

(8) Transaction fee for the issuance of approvals by the Authority under section 25

of the Act $200.00

Annual fees in respect of (3), (5) and (7) above are due on or before 30th April 2010

Trusts (Regulation of Trust Business) Act 2001

(1) Application for a licence under section 11 (6)(d) where the application is in respect of -

(a) a limited trust licence $525.00

(b) an unlimited trust licence, $5,250.00

(2) Annual fee under section 14(1) -.

(a) for a limited trust licence $1,050.00

(b) for an unlimited trust licence -

(i) where, on December 31st of the year preceding the year in which the

fee is due a licensed company employs, or otherwise engages the

services of, less than five persons $11,550.00

(ii) where, on December 31st of the year preceding the year in which the

fee is due a licensed company employs, or otherwise engages the

services of, five or more persons but less than ten $20,213.00

(iii) where, on December 31st of the year preceding the year in which the

fee is due a licensed company employs, or otherwise engages the

services of, ten or more persons $34,650.00.

Annual fees in respect of (2) are due on or before 30th April 2010

General Note

All cheques in respect of the above fees are payable to the Bermuda Monetary Authority at:

BMA House

43 Victoria Street

Hamilton HM12

Attention: Corporate and Financial Services