RMB Investment Services: [Disclaimer]

RMB Investment Service provides specialised investment management services to financial intermediaries and their clients worldwide

Please read the important notices below which are for your benefit as well as ours

Important Notices

The information in the website relates exclusively to the services that are available from RMB Investment Services Limited.  Access to the website is governed by the terms and conditions and important notices which are set out below.

Important information about RMB Investment Services Limited

RMB Investment Services Limited is incorporated in Guernsey, registered no 30830, and is licensed by the Guernsey Financial Services Commission to conduct investment business ("RMB").  RMB is a wholly owned subsidiary of Momentum Group Limited, a company incorporated in South Africa. The ultimate parent of Momentum Group Limited is FirstRand Limited, a company incorporated in South Africa and quoted on the Johannesburg Stock Exchange.

Terms and Conditions for access to this website

The information available in the website is for information purposes only.   If you do not understand, or if you have any queries about, any of the information appearing in the website, please contact your professional adviser.

1. The governing law applying to the terms and conditions is the law of the Island of Guernsey and if any dispute arises concerning the information or use of the site, or reliance thereon, the dispute will be heard by the courts in Guernsey and you agree to allow such a dispute to be heard by the courts in Guernsey.

2. The information provided in the website is provided in good faith.  Whilst every care has been taken in the preparation of information contained in it, no responsibility is accepted for any errors which, despite all precautions, it may contain.

3. No investment advice is offered or intended to be given in this website, and no liability will be accepted in respect thereof. You are urged to take independent advice.

4. The information in the website may be updated or altered at any time without RMB having to give prior warning. Opinions or estimates reflect RMB's judgement at the date of the issuance of the information and such opinions and estimates are also subject to change without notice. This disclaimer, however, does not apply to the extent that it is inconsistent with the rules of the regulatory authority that regulates the services that are provided by RMB.

5. Information in the website also contains information about services which are subject to restrictions about persons who may receive such information. The information is not directed at anyone in a particular jurisdiction who by virtue of being in that jurisdiction, would be prohibited from receiving or having such information made available to them. Accordingly, information in the website must not be circulated or copied to anyone where to do so may constitute an infringement of any local laws or regulations.

6. Neither the website, nor any of the information it contains, constitutes or will form the basis of a representation, a contract or a term of any contract. It is essential that before proceeding with any course of action, you take relevant professional advice, particularly professional advice on individual tax, estate planning, exchange control or legal matters in your country of residence, nationality and/or domicile.

7. Information in the website and RMB logos and trademarks (whether licensed or unlicensed) belong to RMB  and may not be copied, reproduced or transmitted without the specific and prior written consent of RMB .  
 
8. There may be hyper links or automatic links from the website to other third party websites. RMB accepts no responsibility for the content or the services or products or any matter offered by or through such websites. You are advised that you may lose protections offered in the website if you do rely upon information and services offered in other third party websites.

9. You are advised that the use of the Internet as a form of communication is not secure and information transmitted through the Internet as a communication medium may be intercepted and/or read by third parties. You should not, therefore, rely upon your communication on the Internet as a secure form of communication.

10. You are advised to consult your own tax advisors on the possible tax consequences under the laws of your country of citizenship, residence or domicile of utilising any of the services available from RMB.

11. RMB reserves the right not to accept an application for any of its products without giving reasons.  The most common reason for refusal of an application is that RMB's due diligence requirements have not been met.  RMB is required to verify the identity of, and obtain certain information from, prospective clients with measures aimed at the prevention of money laundering. By way of example, you may be required to produce a copy of a passport or identification card duly certified by a public authority, such as a solicitor/attorney, together with evidence of your address. Services will not commence until such time as RMB has received and is satisfied with all the information and documentation required to verify your identity.

12. If a customer wishes to make a complaint about a service provided by RMB, the customer should contact the Managing Director of RMB Investment Services Limited at PO Box 166, La Plaiderie, St Peter Port, Guernsey, Channel Islands GY1 4HE. A copy of RMB's complaints procedure is available upon request.

13. The services provided by RMB are not the subject of an independent dispute resolution service however there are stringent reporting requirements to the Guernsey Financial Services Commission of all significant complaints made to a licensed financial services business.

Important notices about The RMBIS Personal Portfolio Service, the RMBIS FundShop Service and the International Investment Option Service.

The website contains information about the RMBIS Personal Portfolio Service, the RMBIS FundShop Service and the International Investment Option Service. The following important notices apply.

1. If you have entered into a contract with RMB, the protections provided to you as an investor will be those applicable under the laws of the Island of Guernsey. Protections may or may not be provided by the rules on investor compensation that apply to the underlying investment funds in which you invest. For example, investors in specific collective investment schemes established in Guernsey that are Class A schemes are eligible for the payment of compensation under The Collective Investment Schemes (Compensation of Investors) Rules 1988 (as amended) made under The Protection of Investors (Bailiwick of Guernsey) Law 1987. Similarly, investors in specific collective investment schemes established in Jersey that are recognised schemes are eligible for the payment of any compensation under The Collective Investment Funds (Jersey) Law 1988. Whether a collective investment scheme is subject to rules that provide investor compensation will be stated in the relevant collective investment scheme's prospectus, which you as an investor may wish to independently consult.

2. Neither the RMBIS Personal Portfolio Service nor the RMBIS FundShop Service nor the International Investment Option Service is available to residents, nationals or citizens of the United States of America or US Persons (as that term is defined in Regulation S of the US Securities Act of 1933 (as amended)), nor are they available to a person who for tax purposes is resident in any European Union member country.

3. Neither the RMBIS Personal Portfolio Service, the Strategic Portfolios (if any) offered within the  RMBIS Personal  Portfolio Service, nor the RMBIS  FundShop Service nor the International Investment Option Service are collective investment schemes. Each investor will hold a separate portfolio of units or shares in the underlying investment funds. Each portfolio constitutes a restricted range of investments to the extent that not all investment funds available in the market have been included for consideration.

4. The investment funds in the RMBIS Fund List will be selected from: - 
a) authorised unit trusts in the United Kingdom; 
b) open-ended investment companies in the United Kingdom; 
c) collective investment schemes which are "recognised schemes" for the purposes of the United Kingdom's Financial Services and Markets Act 2000; 
d) "unregulated collective investment schemes" for the purposes of the United Kingdom's Financial Services and Markets Act 2000; 
e) closed-ended investment companies; 
f) unit trusts that are authorised or regulated by the financial services authorities in the jurisdiction of their establishment; and 
g) open-ended investment companies that are authorised or regulated by the	financial services authorities in the jurisdiction of their establishment.

Since certain of the investment funds in the RMBIS Fund List may be unregulated collective investment schemes for the purposes of the United Kingdom's Financial Services and Markets Act 2000, the promotion of such investment funds is restricted by Section 238(1) of the United Kingdom's Financial Services and Markets Act 2000 and they are not available to the general public in the United Kingdom. An investor's choice of investment funds from the RMBIS Fund List may therefore be restricted.

5. A fund manager may restrict the categories of people to whom any investment fund may be offered. Depending on the investor's personal circumstances, the investor may therefore be prohibited from applying for, or being provided with detailed information about, certain investment funds. In addition, an investor's choice of investment funds may be restricted by the law that applies in either your location or the investor's country of citizenship, residence or domicile. If the investor has any doubt about whether or not a particular investment fund may be promoted to him/her/it or whether or not the investor may invest in a particular investment fund, the investor should seek advice from his/her/its professional advisor.

6. You are reminded that:

a) Past performance of any investment is not necessarily a guide to the future.
b) Fluctuations in the value of the underlying securities and the income from them and changes in interest and exchange rates mean that the value of your investment and any income arising from it may fall as well as rise and is not guaranteed. 
c) Deductions of charges and expenses mean that you may not get back the amount you invested.

7. The fees charged by RMB and the underlying fund managers are not guaranteed to remain at current levels and may change in the future.

8. The risks inherent in investments which are higher-risk investments are greater than for other investments. Such higher-risk investments may be subject to sudden and large falls in value. You could get back nothing at all. Higher risk investments include, but are not limited to, investments in smaller companies (even in developed markets), investments in emerging market or investments in single country debt, investments in equity investment funds and investments in high yield or non-investment grade debt.

9. Your investment portfolio may contain shares or units in funds that invest internationally. Changes in the rates of exchange between currencies may cause your investment and the income arising from it to go down or up.

10. There can be no assurance that the performance of the investment funds that you invest in will achieve your stated objectives.

11. If an investment fund within your portfolio suspends dealings, your investment may be difficult to realise and it may be difficult to obtain reliable information about the value of your investment or the extent of the risks to which your portfolio may be exposed. Whilst the investment fund may be listed on an exchange, you should be aware that this may not provide an effective trading market for such an investment.

12. If an investment fund within your portfolio is a non-daily dealing investment fund, your investment may be difficult to realise other than on one of the investment fund's dealing days and it will not be possible to obtain reliable information about the value of your investment other than as at the valuation points associated with the fund's dealing days.

13. If an investment fund within your portfolio is an investment fund that is an unregulated collective investment scheme, the relevant investment fund may not be subject to the same regulatory regime, in some or in all respects, including any compensation arrangements, as is applicable to investment funds that are available to the general public in the United Kingdom. Certain unregulated collective investment schemes may permit a greater degree of leverage than is permitted with investment funds that are available to the general public in the United Kingdom. Accordingly, the underlying volatility of the investment fund will be significantly greater than would have been the case without the permitted leverage. Whilst this leverage gives the investment fund the ability to participate in high returns associated with greater exposure, it also gives increased exposure to the risk of loss.

Before making investments in collective investment schemes, investors should obtain and carefully read the relevant prospectuses, which contain additional information needed to evaluate the investment, and which provide important disclosures regarding risks, fees and expenses.

Important notices about  the RMBIS Portfolio Bond, issued by Momentum International Insurance PCC Limited Cell2.

1. RMB provides certain administration services to Cell 2 of Momentum International Insurance PCC Limited ("MIIP"). These services include the use of the website to make available certain information concerning the RMBIS Portfolio Bond product offered by Cell 2 of MIIP.

2. MIIP is a Guernsey company, registration no 31586, that is licensed by the Guernsey Financial Services Commission to conduct long term insurance business. MIIP is a protected cell company and all RMBIS Portfolio Bonds shall be issued within Cell 2 of MIIP. Deutsche Bank Trustee Services (Guernsey) Limited is the trustee of the policy funds received by MIIP in connection with the RMBIS Portfolio Bonds. BWCI Insurance Management Limited, a company that is licensed by the Guernsey Financial Services Commission to act as an insurance manager, is MIIP's general representative in Guernsey.

3. The website is not a solicitation for business in connection with the RMBIS Portfolio Bond.  RMB is not authorised to advise others on their insurance requirements or arrange contracts of insurance between insurers and clients.

4. The owners of RMBIS Portfolio Bonds that have been issued by MIIP may use the website to access day old valuations relating to their RMBIS Portfolio Bond.

5. The RMBIS Portfolio Bond and the other long-term insurance contracts offered by MIIP are only available from authorised independent brokers who have entered into terms of business with MIIP . If such a broker is located in Guernsey they must have a licence from the Guernsey Financial Services Commission. The Guernsey Financial Services Commission has published a code of market conduct that sets out common business guidelines for such brokers who operate outside Guernsey.

6. Warnings that explain the risks that are associated with the RMBIS Portfolio Bond are set out in MIIP's RMBIS Portfolio Bond brochure.

7. Further information concerning MIIP's business is available direct from MIIP's general representative, BWCI Insurance Management Limited, PO Box 68, Albert House, South Esplanade, St Peter Port, Guernsey, GY1 3BY.

Important notices about the Momentum Portfolio Bond and the International Endowment Option, issued by Momentum Group Limited, Guernsey Branch

1. RMB provides certain administration services to Momentum Group Limited, Guernsey Branch ("Momentum"). These services include the use of the website to make available certain information concerning the Momentum Portfolio Bond product and the International Endowment Option issued by Momentum.

2. Momentum is licensed by the Guernsey Financial Services Commission to conduct long term insurance business. Deutsche Bank Trustee Services (Guernsey) Limited is the trustee of the policy funds received by Momentum in connection with the Momentum Portfolio Bondsand the International Endowment Options. BWCI Insurance Management Limited, a company that is licensed by the Guernsey Financial Services Commission to act as an insurance manager, is Momentum 's general representative in Guernsey.

3. The website is not a solicitation for business in connection with the Momentum Portfolio Bond or the International Endowment Option. RMB is not authorised to advise others on their insurance requirements or arrange contracts of insurance between insurers and clients.

4. The Momentum Portfolio Bond, the International Endowment Option and the other long-term insurance contracts offered by Momentum are only available from authorised independent intermediaries who have entered into terms of business with Momentum. If such an intermediary is located in Guernsey they must have a licence from the Guernsey Financial Services Commission. The Guernsey Financial Services Commission has published a code of market conduct that sets out common business guidelines for such intermediaries who operate outside Guernsey.

5. Warnings that explain the risks that are associated with the Momentum Portfolio Bond are set out in Momentum's Momentum Portfolio Bond and International Endowment Option brochures.

6. Further information concerning Momentum is available direct from Momentum 's general representative, BWCI Insurance Management Limited, PO Box 68, Albert House, South Esplanade, St Peter Port, Guernsey, GY1 3BY.

7. The owners of Momentum Portfolio Bonds and International Endowment Options that have been issued by Momentum may use the website to access day old valuations relating to their Momentum Portfolio Bonds.

25 September 2008

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