Australian Financial Services Licence

In July 2010 New Forests Advisory Pty Ltd, a subsidiary in the New Forests group, was granted a variation to its Australian Financial Services Licence ("AFSL," Licence No. 301556), originally authorised in 2006. The variation expands New Forests' authorisations, enhancing the company's capacity to provide quality financial services to wholesale clients.

New Forests' financial services licence is held by New Forests Advisory Pty Ltd. The licence authorizes the company to provide financial product advice related to securities, interests in managed investment schemes, derivatives, general insurance products and basic deposit products. The company is also authorized to issue interests in, and deal in, managed investment schemes and derivative, and to apply for, acquire, vary and dispose of general insurance products and basic deposit products for our clients.

The AFSL ensures that New Forests' compliance and financial management systems are comprehensive and current, providing quality assurance to clients in Australia and globally. The licence is issued and monitored by the Australian Securities & Investments Commission, including annual compliance reporting and procedures.