2010 Performance Summary

Short-term $ Medium-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
EUR/$	13/01/10	17/12/10	+1090	1.3150	+8.9%
GOLD	12/01/10	16/12/10	+25240	1375.00	+19.7%
OIL-x	13/01/10	17/12/10	+1803	88.00	+22.0%
S&P-z	13/01/10	17/12/10	+21900	1238.00	+19.1%
GBP/$	18/01/10	17/12/10	+535	1.5500	+3.7%
AUD/$	12/09/10	17/12/10	-309	0.9875	-3.5%
EU/JY	13/01/10	12/05/10	+94	110.50	+3.6%
EU/AU	14/01/10	30/11/10	+60	1.3300	+12.3%
$/ZAR	17/11/10	25/10/10	+570	6.8700	+1.0%

Overall weighted annualized average for the Short & Medium-term Trading Portfolio: +9.1%

2009 Performance Summary

Short-term $ Medium-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
EUR/$	12/01/09	18/12/09	+1030	1.4285	+7.1%
AUD/$	07/09/09	18/12/09	+110	0.8855	+5.4%
EU/JY	12/01/09	18/12/09	+2182	129.40	+16.7%
GOLD	12/01/09	18/12/09	+22940	1100.00	+20.8%
OIL-x	12/01/09	18/12/09	+3902	73.00	+53.4%
S&P-z	12/01/09	18/12/09	+20962	1102.50	+19.0%

2008 Performance Summary

Short-term $ Medium-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
EUR/$	07/01/08	19/12/08	+1368	1.3920	+9.8%
EU/JY	07/01/08	19/12/08	+2635	124.10	+21.2%
GBP/$	07/01/08	19/12/08	+1651	1.4940	+11.0%
GOLD	07/01/08	19/12/08	+27520	837.25	+30.4%
S&P-z	07/01/08	19/12/08	+46950	881.50	+53.2%

Overall weighted annualized average for the Short & Medium-term Trading Portfolio:+19.2%

2007 Performance Summary

Short-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
EUR/$	08/01/07	17/08/07	+1121	1.3500	+13.7%
$/JPY	08/01/07	17/08/07	+992	113.35	+12.6%
GBP/$	08/01/07	17/08/07	+1224	1.9950	+10.1%

Short & Medium-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
EUR/$	08/01/07	31/10/07	+771	1.4485	+6.5%
EU/JY	08/01/07	31/10/07	+2606	167.15	+19.2%
GBP/$	08/01/07	31/10/07	+1728	2.0800	+7.6%
$/CHF	08/01/07	30/09/07	+650	1.1640	+7.6%
$/ZAR	08/01/07	22/10/07	+3706	6.8750	+7.2%
GOLD	08/01/07	31/10/07	+6195	795.25	+9.6%
S&P-Z	01/07/07	31/10/07	+13506	1555.00	+25.7%

2006 Performance Summary

Short-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
EUR/$	09/01/06	18/12/06	+1449	1.3150	+11.5%
$/JPY	09/01/06	18/12/06	+1418	118.25	+12.6%
GBP/$	09/01/06	18/12/06	+2334	1.9600	+12.5%

Medium-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
EUR/$	09/01/06	21/12/06	+607	1.3150	+4.8%
EU/JY	09/01/06	21/12/06	+680	155.75	+4.6%
$/CHF	09/01/06	21/12/06	+877	1.2175	+7.5%
$/ZAR	09/01/06	21/12/06	+8682	7.0150	+13.0%
GOLD	09/01/06	21/12/06	+20160	620.00	+34.3%

2005 Performance Summary

Short-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
$/JPY	05/01/05	16/12/05	+1322	115.70	+12.0%
EUR/$	05/01/05	16/12/05	+1372	1.2020	+12.0%
GBP/$	05/01/05	16/12/05	+1921	1.7710	+11.4%
A$/U$	05/01/05	16/12/05	+868	0.7435	+12.3%

Medium-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
EU/JY	05/12/05	19/12/05	+1215	139.10	+9.2%
$/CHF	05/12/05	19/12/05	+1614	1.2900	+12.6%
$/ZAR	05/12/05	19/12/05	+12881	6.4150	+21.2%
GOLD	05/12/05	19/12/05	+6720	504.00	+13.9%

2004 Performance Summary

Short-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
$/JPY	05/01/04	16/12/04	+958	104.70	+9.6%
EUR/$	05/01/04	16/12/04	+1125	1.3240	+9.0%
A$/U$	05/01/04	16/12/04	+1016	0.7550	+14.2%
GOLD	05/01/04	16/12/04	+736	437.50	+17.8%

Medium-term trading strategies

Trading Medium	From	To	Basis Points**	Conversion Rate	Annualised (%)
$/JPY	05/12/04	15/12/04	+39	104.70	-0.4%
EUR/$	05/12/04	15/12/04	+140	1.3240	-1.1%
A$/U$	05/12/04	15/12/04	+320	0.7550	-4.5%
GOLD	05/12/04	15/12/04	+37	437.50	-8.9%

** Basis Points are per 1 mio units

Note: in all instances the annualised percentage profit (or loss) has been calculated on an unleveraged one million unit position of the principal currency.