PORTFOLIO USCAN REPORT

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1 Portfolio currency: Report generated date: Performance start date: Performance end date: Selected benchmark: Weighted Sector Average Portfolio Analysis Historic risk score Prospective risk score Historic Risk Score The historic portfolio risk level represents the historic volatility over the period 30/06/2014 to 30/06/2017, and takes into account the changing composition of the portfolio over that period of time. Prospective Risk Score The prospective portfolio risk level represents the expected level of future volatility of the combination of asset classes determined by using objective mathematical modelling tools taking into account past data and implied market data in the future. This derivation is based on the current asset class composition of the portfolio. Portfolio holdings as at Funds of portfolio as at Old Mutual GblEqAbsRtn U2Hg Acc Old Mutual Nw Gbl Inc U2 A Old Mutual North Am Equity U2 A Old Mutual Artemis Income U2 Acc Old Mutual ARGB U2 Acc Old Mutual Invesco Perp Asn U2 A Old Mutual Hendrsn Eurpn U2 A Old Mutual Blckrk Gd & Gnr U2 A BlackRock Cash D Acc Old Mutual Abdn As Pac U2 Acc Old Mutual UK Alp U2 A Old Mutual Schroder Tokyo U2 A Old Mutual Woodford Eq Inc U2 A Old Mutual Newton UK Opps U2 A Old Mutual Artms UK Spl Sits U2 Acc Old Mutual GblEmgMkts U2 Acc Old Mutual JPM Emg Mkts U2 Acc Henderson UK Prop PAIF Fdr U2 Acc Date that the data for each holding was last updated

2 Portfolio holdings (continued) Funds of portfolio as at Old Mutual Schrdr US MidCap U2 A Old Mutual SchdrErpnAl U2 A Old Mutual Trdndl EupnSel U2 A Old Mutual UK Equity Income U2 A Old Mutual US Div U2 Acc OMJPMUSGrwthAdvtg U2 Acc Old Mutual Asia Pacific U2 Acc Old Mutual Eur(ExUK)SmCo U2 Acc Old Mutual Hend Chn Opps U2 Acc Old Mutual Gilt U2 A Old Mutual Monthly Inc Bd U2 A Old Mutual Fid Stgc Bd U2 A Old Mutual Corporate Bond U2 A Date that the data for each holding was last updated

3 Split by asset class PORTFOLIO: BENCHMARK: UK Equities (21.65) Asia Pac. Equities (19.17) North American Equities (15.82) Unknown (15.00) European Equities (10.67) Money Market (6.60) Other (4.91) Fixed Interest (2.66) Property (2.07) Int'l Equities (1.45) UK Equities (20.91) Asia Pac. Equities (20.08) North American Equities (13.25) European Equities (12.34) Other (8.86) Money Market (7.82) Int'l Equities (7.33) Unknown (4.81) Fixed Interest (2.57) Property (2.03) Portfolio breakdown per holding UK Equities Asia Pacific Equities North American Equities Unknown European Equities Money Market Other Fixed Interest Property International Equities Total held BlackRock Cash D Acc Henderson UK Prop PAIF Fdr U2 Acc Old Mutual Abdn As Pac U2 Acc Old Mutual ARGB U2 Acc Old Mutual Artemis Income U2 Acc Old Mutual Artms UK Spl Sits U2 Acc Old Mutual Asia Pacific U2 Acc Old Mutual Blckrk Gd & Gnr U2 A Old Mutual Corporate Bond U2 A Old Mutual Eur(ExUK)SmCo U2 Acc Old Mutual Fid Stgc Bd U2 A Old Mutual GblEmgMkts U2 Acc Old Mutual GblEqAbsRtn U2Hg Acc Old Mutual Gilt U2 A Old Mutual Hend Chn Opps U2 Acc Old Mutual Hendrsn Eurpn U2 A Old Mutual Invesco Perp Asn U2 A Old Mutual JPM Emg Mkts U2 Acc Old Mutual Monthly Inc Bd U2 A Old Mutual Newton UK Opps U2 A Old Mutual North Am Equity U2 A Old Mutual Nw Gbl Inc U2 A Old Mutual SchdrErpnAl U2 A Subtotal

4 Split by asset class (continued) PORTFOLIO: BENCHMARK: UK Equities (21.65) Asia Pac. Equities (19.17) North American Equities (15.82) Unknown (15.00) European Equities (10.67) Money Market (6.60) Other (4.91) Fixed Interest (2.66) Property (2.07) Int'l Equities (1.45) UK Equities (20.91) Asia Pac. Equities (20.08) North American Equities (13.25) European Equities (12.34) Other (8.86) Money Market (7.82) Int'l Equities (7.33) Unknown (4.81) Fixed Interest (2.57) Property (2.03) Old Mutual Schrdr US MidCap U2 A UK Equities Asia Pacific Equities North American Equities Unknown European Equities Money Market Other Fixed Interest Property International Equities Total held Old Mutual Schroder Tokyo U2 A Old Mutual Trdndl EupnSel U2 A Old Mutual UK Alp U2 A Old Mutual UK Equity Income U2 A Old Mutual US Div U2 Acc Old Mutual Woodford Eq Inc U2 A OMJPMUSGrwthAdvtg U2 Acc Portfolio Benchmark - Weighted Sector Average Minor rounding discrepancies may occur in the asset class breakdown.

5 Split by geographical region PORTFOLIO: BENCHMARK: North America (25.03) UK (23.02) Asia Pacific (17.40) Europe (14.39) Unknown (6.89) Money Market (6.04) Japan (5.51) International (0.93) Americas (0.83) Other (0.60) UK (27.18) North America (19.38) Asia Pacific (17.61) Europe (17.14) Money Market (5.58) Japan (5.30) International (5.09) Americas (1.38) Other (1.34) Portfolio breakdown per holding UK North America Asia Pacific Europe Unknown Japan Money Market International Americas Other Total held BlackRock Cash D Acc Henderson UK Prop PAIF Fdr U2 Acc Old Mutual Abdn As Pac U2 Acc Old Mutual ARGB U2 Acc Old Mutual Artemis Income U2 Acc Old Mutual Artms UK Spl Sits U2 Acc Old Mutual Asia Pacific U2 Acc Old Mutual Blckrk Gd & Gnr U2 A Old Mutual Corporate Bond U2 A Old Mutual Eur(ExUK)SmCo U2 Acc Old Mutual Fid Stgc Bd U2 A Old Mutual GblEmgMkts U2 Acc Old Mutual GblEqAbsRtn U2Hg Acc Old Mutual Gilt U2 A Old Mutual Hend Chn Opps U2 Acc Old Mutual Hendrsn Eurpn U2 A Old Mutual Invesco Perp Asn U2 A Old Mutual JPM Emg Mkts U2 Acc Old Mutual Monthly Inc Bd U2 A Old Mutual Newton UK Opps U2 A Old Mutual North Am Equity U2 A Old Mutual Nw Gbl Inc U2 A Old Mutual SchdrErpnAl U2 A Subtotal

6 Split by geographical region (continued) PORTFOLIO: BENCHMARK: North America (25.03) UK (23.02) Asia Pacific (17.40) Europe (14.39) Unknown (6.89) Money Market (6.04) Japan (5.51) International (0.93) Americas (0.83) Other (0.60) UK (27.18) North America (19.38) Asia Pacific (17.61) Europe (17.14) Money Market (5.58) Japan (5.30) International (5.09) Americas (1.38) Other (1.34) Old Mutual Schrdr US MidCap U2 A UK North America Asia Pacific Europe Unknown Japan Money Market International Americas Other Total held Old Mutual Schroder Tokyo U2 A Old Mutual Trdndl EupnSel U2 A Old Mutual UK Alp U2 A Old Mutual UK Equity Income U2 A Old Mutual US Div U2 Acc Old Mutual Woodford Eq Inc U2 A OMJPMUSGrwthAdvtg U2 Acc Portfolio Benchmark - Weighted Sector Average Minor rounding discrepancies may occur in the geographical region breakdown.

7 Split by stock sector Split by IA sector Other (47.72) Financials (9.66) Unknown (9.61) Information Tech. (7.97) Industrials (5.96) Health Care (5.60) Gold (4.05) Consumer Discretionary (3.78) Consumer Goods (3.24) Consumer Services (2.41) Other (13.93) IA Targeted Absolute Return (12.74) IA North America (11.98) IA Asia Pac. Exc. Japan (10.97) IA UK Equity Income (10.63) IA UK All Companies (10.57) IA Global Eq. Inc. (7.46) IA Europe Exc. UK (7.05) IA Global Emerging Markets (5.37) IA Specialist (4.73) IA Short Term Money Market (4.58) Portfolio breakdown per holding Financials Unknown Information Technology Industrials Health Care Gold Consumer Discretionary Consumer Goods Consumer Services Other Total held BlackRock Cash D Acc Henderson UK Prop PAIF Fdr U2 Acc Old Mutual Abdn As Pac U2 Acc Old Mutual ARGB U2 Acc Old Mutual Artemis Income U2 Acc Old Mutual Artms UK Spl Sits U2 Acc Old Mutual Asia Pacific U2 Acc Old Mutual Blckrk Gd & Gnr U2 A Old Mutual Corporate Bond U2 A Old Mutual Eur(ExUK)SmCo U2 Acc Old Mutual Fid Stgc Bd U2 A Old Mutual GblEmgMkts U2 Acc Old Mutual GblEqAbsRtn U2Hg Acc Old Mutual Gilt U2 A Old Mutual Hend Chn Opps U2 Acc Old Mutual Hendrsn Eurpn U2 A Old Mutual Invesco Perp Asn U2 A Old Mutual JPM Emg Mkts U2 Acc Old Mutual Monthly Inc Bd U2 A Old Mutual Newton UK Opps U2 A Old Mutual North Am Equity U2 A Old Mutual Nw Gbl Inc U2 A Old Mutual SchdrErpnAl U2 A Old Mutual Schrdr US MidCap U2 A Subtotal

8 Split by stock sector (continued) Split by IA sector (continued) Other (47.72) Financials (9.66) Unknown (9.61) Information Tech. (7.97) Industrials (5.96) Health Care (5.60) Gold (4.05) Consumer Discretionary (3.78) Consumer Goods (3.24) Consumer Services (2.41) Other (13.93) IA Targeted Absolute Return (12.74) IA North America (11.98) IA Asia Pac. Exc. Japan (10.97) IA UK Equity Income (10.63) IA UK All Companies (10.57) IA Global Eq. Inc. (7.46) IA Europe Exc. UK (7.05) IA Global Emerging Markets (5.37) IA Specialist (4.73) IA Short Term Money Market (4.58) Financials Unknown Information Technology Industrials Health Care Gold Consumer Discretionary Consumer Goods Consumer Services Other Total held Old Mutual Schroder Tokyo U2 A Old Mutual Trdndl EupnSel U2 A Old Mutual UK Alp U2 A Old Mutual UK Equity Income U2 A Old Mutual US Div U2 Acc Old Mutual Woodford Eq Inc U2 A OMJPMUSGrwthAdvtg U2 Acc Portfolio Benchmark - Weighted Sector Average Minor rounding discrepancies may occur in the stock sector breakdown. Top 10 holdings and their stock overlaps Company name and underlying assets Net assets SAMSUNG ELECTRONICS CO 0.84 Old Mutual Invesco Perp Asn U2 A 0.34 Old Mutual Abdn As Pac U2 Acc 0.21 Old Mutual GblEmgMkts U2 Acc 0.13 Old Mutual JPM Emg Mkts U2 Acc 0.09 Old Mutual Asia Pacific U2 Acc 0.07

9 Top 10 holdings and their stock overlaps (continued) Company name and underlying assets Net assets BP 0.70 Old Mutual Artemis Income U2 Acc 0.21 Old Mutual UK Alp U2 A 0.18 Old Mutual Artms UK Spl Sits U2 Acc 0.14 Old Mutual Newton UK Opps U2 A 0.09 Old Mutual UK Equity Income U2 A 0.08 GLAXOSMITHKLINE 0.64 Old Mutual Artemis Income U2 Acc 0.20 Old Mutual UK Alp U2 A 0.18 Old Mutual Artms UK Spl Sits U2 Acc 0.14 Old Mutual UK Equity Income U2 A 0.12 MICROSOFT CORP 0.51 Old Mutual Nw Gbl Inc U2 A 0.43 OMJPMUSGrwthAdvtg U2 Acc 0.08 RELX NV 0.50 Old Mutual Nw Gbl Inc U2 A 0.20 Old Mutual Hendrsn Eurpn U2 A 0.18 Old Mutual Trdndl EupnSel U2 A 0.12 LLOYDS BANKING GROUP PLC 0.47 Old Mutual UK Alp U2 A 0.19 Old Mutual Artemis Income U2 Acc 0.17 Old Mutual Artms UK Spl Sits U2 Acc 0.11 RANDGOLD RESOURCES 0.45 Old Mutual Blckrk Gd & Gnr U2 A 0.45 AVIVA 0.46 Old Mutual UK Alp U2 A 0.16 Old Mutual Artemis Income U2 Acc 0.15 Old Mutual Artms UK Spl Sits U2 Acc 0.08 Old Mutual UK Equity Income U2 A 0.07 ROYAL DUTCH SHELL 0.42 Old Mutual UK Alp U2 A 0.19 Old Mutual Newton UK Opps U2 A 0.14 Old Mutual UK Equity Income U2 A 0.09

10 Top 10 holdings and their stock overlaps (continued) Company name and underlying assets Net assets NEWCREST MINING 0.40 Old Mutual Blckrk Gd & Gnr U2 A 0.40 of portfolio analysed = 5.39 Portfolio Performance and Volatility (including historic data) A summary of the transactions affecting performance can be found in the Transaction Summary and Benchmark Details sections. The performance figures do not include any product charges, regular premiums, or money in or out. Performance as a result of an added, edited, or deleted Switch is shown in the relevant charts and tables as 'Modified'. Further details of the transactions included and benchmark history can be found in the separate Transaction Report. Past performance is not a guide to future performance Cumulative performance chart Portfolio Benchmark Manual switch Apr 14 Jul 14 Oct 14 Jan 15 Apr 15 Jul 15 Oct 15 Jan 16 Apr 16 Jul 16 Oct 16 Jan 17 Apr 17 Jun 17 Cumulative performance chart shows growth from to calculated using bid prices with income re-invested into the fund net of tax. The cumulative performance chart shows how the portfolio has performed against the benchmark taking into account the changing composition of the portfolio over the period of time shown.

11 Past performance is not a guide to future performance Risk / return chart Growth 39.0 For fund names see cumulative performance table below Portfolio Benchmark Risk (Volatility) The risk/return chart shows how a fund has performed and its volatility over the time and period shown. The chart shows growth/volatility from to calculated using bid prices with income re-invested into the fund net of tax. Funds will not show on the risk/return chart if the current portfolio contains more than 20 funds. Funds displayed are only those currently held in the portfolio, however the calculations for the portfolio and benchmark take historic transactions into account. Funds which have existed for a shorter term than the reporting period cannot be shown.

12 Transactions This table shows the dates of switches and fund events that have taken place within the portfolio over the time period of the report. Transaction Start date Current Rebalancing Rebalancing Rebalancing Rebalancing Rebalancing Fund Event Rebalancing Rebalancing Rebalancing Rebalancing Rebalancing Rebalancing Rebalancing Fund Event Rebalancing Start For details of Switches which have been added, edited or deleted within Uscan, please see the Transaction Report. Performance to Past performance is not a guide to future performance Cumulative performance - growth Key 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs 4 yrs 5 yrs Since Portfolio Benchmark - Weighted Sector Average Difference: Portfolio Vs Benchmark The Cumulative Performance Table shows how the portfolio has performed, taking into account the changing composition of the portfolio over the period of time shown. This table only includes those transactions that appear in the Transaction Summary.

13 Past performance is not a guide to future performance. Plan start date is 24/02/2014. Year by year to month end shown - growth Portfolio Benchmark - Weighted Sector Average Rolling volatility chart Historic volatility chart: The Rolling Volatility Chart requires a reporting period of greater than 4 years in order to display.

14 Benchmark Details The benchmark details shown below are based on the current benchmark position. Sector Risk Number of benchmark as at UT Asia Pacific Excluding Japan UT UK Equity Income UT UK All Companies UT North America FO Hedge/Stru Prod - Equity UT Global Equity Income UT Europe Excluding UK FO Absolute Return UT Specialist UT Short Term Money Market UT Japan FO Equity - Emerging Markets UT Global Emerging Markets UT Property UT Europe Including UK FO Equity - USA FO Equity - Small Cap Europe UT Sterling Strategic Bond UT China/Greater China UT UK Gilts UT Sterling Corporate Bond Benchmark risk number: When calculating the past performance for this portfolio the percentage holdings for each component have been applied at the Start of the performance period. Further details of the benchmark history can be seen in the transaction report.

15 Performance ratios - over 3 years Historic risk score Prospective risk score Historic Risk Score The historic portfolio risk level represents the historic volatility over the period 30/06/2014 to 30/06/2017, and takes into account the changing composition of the portfolio over that period of time. Prospective Risk Score The prospective portfolio risk level represents the expected level of future volatility of a combination of the asset classes determined by using objective mathematical modelling tools taking into account past data and implied market data in the future. This derivation is based on the current asset class composition of the portfolio. Risk Number Volatility Alpha Beta Sharpe Information Ratio Portfolio Tracking Error R Squared Max Loss Max Gain Negative periods Positive periods Portfolio Performance ratios calculated over 3 years from to

16 Individual Fund's Performance to Past performance is not a guide to future performance Cumulative performance - growth Key 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs 4 yrs 5 yrs Since BlackRock Cash D Acc^ Henderson UK Prop PAIF Fdr U2 Acc Old Mutual Abdn As Pac U2 Acc ^ Old Mutual ARGB U2 Acc Old Mutual Artemis Income U2 Acc^ Old Mutual Artms UK Spl Sits U2 Acc^ Old Mutual Asia Pacific U2 Acc^ Old Mutual Blckrk Gd & Gnr U2 A ^ Old Mutual Corporate Bond U2 A ^ Old Mutual Eur(ExUK)SmCo U2 Acc Old Mutual Fid Stgc Bd U2 A ^ Old Mutual GblEmgMkts U2 Acc ^ Old Mutual GblEqAbsRtn U2Hg Acc Old Mutual Gilt U2 A ^ Old Mutual Hend Chn Opps U2 Acc ^ Old Mutual Hendrsn Eurpn U2 A ^ Old Mutual Invesco Perp Asn U2 A ^ Old Mutual JPM Emg Mkts U2 Acc ^ Old Mutual Monthly Inc Bd U2 A ^ Old Mutual Newton UK Opps U2 A ^ Old Mutual North Am Equity U2 A ^ Old Mutual Nw Gbl Inc U2 A ^ Old Mutual SchdrErpnAl U2 A The Cumulative Performance Table shows how the funds currently held within the portfolio have performed over the period of time shown.

17 Performance to (continued) Past performance is not a guide to future performance Cumulative performance - growth Key Old Mutual Schrdr US MidCap U2 A ^ 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs 4 yrs 5 yrs Since Old Mutual Schroder Tokyo U2 A ^ Old Mutual Trdndl EupnSel U2 A ^ Old Mutual UK Alp U2 A Old Mutual UK Equity Income U2 A ^ Old Mutual US Div U2 Acc ^ Old Mutual Woodford Eq Inc U2 A OMJPMUSGrwthAdvtg U2 Acc The Cumulative Performance Table shows how the funds currently held within the portfolio have performed over the period of time shown.

18 Past performance is not a guide to future performance. Year by year to month end shown - growth BlackRock Cash D Acc^ Henderson UK Prop PAIF Fdr U2 Acc Old Mutual Abdn As Pac U2 Acc ^ Old Mutual ARGB U2 Acc Old Mutual Artemis Income U2 Acc^ Old Mutual Artms UK Spl Sits U2 Acc^ Old Mutual Asia Pacific U2 Acc^ Old Mutual Blckrk Gd & Gnr U2 A ^ Old Mutual Corporate Bond U2 A ^ Old Mutual Eur(ExUK)SmCo U2 Acc Old Mutual Fid Stgc Bd U2 A ^ Old Mutual GblEmgMkts U2 Acc ^ Old Mutual GblEqAbsRtn U2Hg Acc Old Mutual Gilt U2 A ^ Old Mutual Hend Chn Opps U2 Acc ^ Old Mutual Hendrsn Eurpn U2 A ^ Old Mutual Invesco Perp Asn U2 A ^ Old Mutual JPM Emg Mkts U2 Acc ^ Old Mutual Monthly Inc Bd U2 A ^ Old Mutual Newton UK Opps U2 A ^ Old Mutual North Am Equity U2 A ^ Old Mutual Nw Gbl Inc U2 A ^ Old Mutual SchdrErpnAl U2 A Old Mutual Schrdr US MidCap U2 A ^ Old Mutual Schroder Tokyo U2 A ^ Old Mutual Trdndl EupnSel U2 A ^ Old Mutual UK Alp U2 A Old Mutual UK Equity Income U2 A ^ Old Mutual US Div U2 Acc ^ Old Mutual Woodford Eq Inc U2 A OMJPMUSGrwthAdvtg U2 Acc The Year by Year to month end Performance Table shows how the funds currently held within the portfolio have performance over the period of time shown.

19 Ratings Morningstar Analyst Rating TM Crown Rating Citywire Rating Rayner Spencer Mills Rating Alpha Manager Rating BlackRock Cash D Acc Henderson UK Prop PAIF Fdr U2 Acc - Rated - Old Mutual Abdn As Pac U2 Acc Old Mutual ARGB U2 Acc - Rated - Old Mutual Artemis Income U2 Acc Old Mutual Artms UK Spl Sits U2 Acc Old Mutual Asia Pacific U2 Acc - - Old Mutual Blckrk Gd & Gnr U2 A Old Mutual Corporate Bond U2 A - Rated - Old Mutual Eur(ExUK)SmCo U2 Acc Rated - Old Mutual Fid Stgc Bd U2 A Old Mutual GblEmgMkts U2 Acc - - Old Mutual GblEqAbsRtn U2Hg Acc - Rated - Old Mutual Gilt U2 A Old Mutual Hend Chn Opps U2 Acc Old Mutual Hendrsn Eurpn U2 A Old Mutual Invesco Perp Asn U2 A Old Mutual JPM Emg Mkts U2 Acc Old Mutual Monthly Inc Bd U2 A Old Mutual Newton UK Opps U2 A Old Mutual North Am Equity U2 A Rated - Old Mutual Nw Gbl Inc U2 A Old Mutual SchdrErpnAl U2 A Old Mutual Schrdr US MidCap U2 A Old Mutual Schroder Tokyo U2 A Old Mutual Trdndl EupnSel U2 A Old Mutual UK Alp U2 A - Rated - Old Mutual UK Equity Income U2 A - UnderReview - Old Mutual US Div U2 Acc Old Mutual Woodford Eq Inc U2 A OMJPMUSGrwthAdvtg U2 Acc - - -

20 Other information Fund launch date Fund size Industry sector Fund manager Fund manager start date BlackRock Cash D Acc m IA Short Term Money Market Bea Rodriguez Henderson UK Prop PAIF Fdr U2 Acc m IA Property Old Mutual Abdn As Pac U2 Acc m IA Asia Pacific Excluding Japan Old Mutual ARGB U2 Acc IA Targeted Absolute Return Old Mutual Artemis Income U2 Acc m IA UK Equity Income Old Mutual Artms UK Spl Sits U2 Acc m IA UK All Companies Old Mutual Asia Pacific U2 Acc m IA Asia Pacific Excluding Japan Old Mutual Blckrk Gd & Gnr U2 A m IA Specialist Marcus Langlands Pearse Ainslie McLennan Aberdeen Asset Managers Limited Adam Purzitsky Paul Shanta Artemis investment LLP Artemis investment LLP Ian Heslop Mike Servent Amadeo Alentorn Blackrock Investment (Uk) Ltd Old Mutual Corporate Bond U2 A m IA Sterling Corporate Bond Lloyd Harris Old Mutual Eur(ExUK)SmCo U2 Acc m IA European Smaller Companies Ian Ormiston Old Mutual Fid Stgc Bd U2 A m IA Sterling Strategic Bond Fidelity Old Mutual GblEmgMkts U2 Acc m IA Global Emerging Markets Ken Fisher Old Mutual GblEqAbsRtn U2Hg Acc m IA Targeted Absolute Return Old Mutual Gilt U2 A m IA UK Gilts Old Mutual Hend Chn Opps U2 Acc m IA China/Greater China Old Mutual Hendrsn Eurpn U2 A m IA Europe Excluding UK Old Mutual Invesco Perp Asn U2 A m IA Asia Pacific Excluding Japan Ian Heslop Mike Servent Amadeo Alentorn Blackrock Investment (Uk) Ltd Henderson Global Investors Limited Henderson Global Investors Limited Invesco Asset Limited

21 Other information (continued) Fund launch date Fund size Industry sector Fund manager Old Mutual JPM Emg Mkts U2 Acc m IA Global Emerging Markets JPMorgan Asset (UK) Limited Fund manager start date Old Mutual Monthly Inc Bd U2 A m IA Sterling Strategic Bond Tim Barker Old Mutual Newton UK Opps U2 A m IA UK All Companies Old Mutual North Am Equity U2 A m IA North America Old Mutual Nw Gbl Inc U2 A m IA Global Equity Income Newton Investment Ian Heslop Mike Servent Amadeo Alentorn Newton Investment Old Mutual SchdrErpnAl U2 A m IA Unclassified - - Old Mutual Schrdr US MidCap U2 A m IA North America Old Mutual Schroder Tokyo U2 A m IA Japan Old Mutual Trdndl EupnSel U2 A m IA Europe Excluding UK Schroder Investment Schroder Investment Threadneedle Asset Limited Old Mutual UK Alp U2 A m IA UK All Companies Richard Buxton Old Mutual UK Equity Income U2 A m IA UK Equity Income Ed Meier Old Mutual US Div U2 Acc m IA North America Old Mutual Woodford Eq Inc U2 A m IA UK Equity Income OMJPMUSGrwthAdvtg U2 Acc m IA North America Ray Nixon Lewis Ropp Brian Quinn Woodford Investment LLP Threadneedle Asset Limited

22 Important Information This communication is designed for use by professional financial advisers. It is not intended as a promotion of a particular fund, or funds. Past performance for the funds marked ^ has been based on prices that include simulated values. All performances are inclusive of any net reinvested income and exclusive of any reinvested rebates. Please refer to for further information about the terms used in this document. All the performance information shown is in the fund currency indicated on the first page of this report. The performance figures do not include any product charges; relevant additional charges will affect the return from any particular product. For ISA the performance does not allow for tax reclaims that have been available at various times in the past. Holdings in cash deposit are displayed on these reports where applicable however, 0 performance and volatility is assumed. Cash deposit holdings are not included when calculating a portfolio's prospective risk score. Fund growth is calculated using bid prices with income re-invested back into the fund net of tax. For fund or sector average benchmarks the growth is also calculated net of tax. Any benchmark against which the fund is compared has been selected by the Financial Adviser and Old Mutual Wealth have not verified that the benchmark is appropriate for the fund. As funds in the following sectors do not meet and pre-set parameters, it may be inappropriate to compare them on a like-for-like basis. Unit trust and OEIC sectors: Unclassified, IA Specialist. Life and Pension sectors: ABI Specialist, ABI Unclassified. Unit prices, and the income from units, may fall as well as rise. An investor may not get back the amount invested. Switches The report shows how the portfolio has performed over the period shown, where it is currently invested, and the portfolio s risk level. The past performance and risk assessment calculations include any fund switches made during the reporting period, as well as any fund events such as fund mergers. These figures do not include any product charges, regular premiums, or money in and money out transactions. Switches may be based on actual transactions from a client's plan or example transactions that a Financial Adviser has created/added. Any changes made to switches are the responsibility of the Financial Adviser. Any incomplete transactions on your client's plan are excluded from appearing i.e. where a trade has not settled. Corrective transactions are included in the report where a switch may have originally been submitted incorrectly. Performance Calculation Methodologies 1) Historic Portfolio Positions Excluded Start Date Methodology If the portfolio excludes transactions, then it is assumed that the current portfolio holding has existed throughout the requested time period. This means that when calculating the past performance for this selected portfolio the specified percentage holdings per fund in the portfolio are assumed to be held at the start of the performance period as opposed to the end of the performance period. This means that we have derived the relative percentage holdings in the constituent funds at the end date based on the actual performance of the constituent funds over the performance period to arrive at the specified percentage holdings on the start date. 2) Historic Portfolio Positions Included If the portfolio includes transactions, then the report will track the portfolio performance taking into account the changes in portfolio composition over the requested time period. This means that when calculating past performance, the specified percentage holdings per fund in the portfolio upon completion of each transaction are assumed to be held from the transaction date. Performance calculations are applied from this date until the date of the next transaction or as in the case of the most recent one, until the date the report is run. This means that the investment holdings at the end of the performance period i.e. between two transaction dates, will have moved away from the initial allocation split depending on the relative performance of the constituent assets. Information Source: FE This FE sourced information is provided to you by Old Mutual Wealth Group and is used at your own risk. FE take care to ensure that the information provided is correct. Neither FE or Old Mutual Wealth Group warrants, represents nor guarantees the contents of the information, nor do they accept any responsibility for error, inaccuracies, omissions or any inconsistencies herein.

23 Portfolio Risk Numbers: Historic This is based on historic volatility, as measured by standard deviation of returns, of the portfolio of funds over the past 3 years. The historic volatility is then translated to the portfolio risk level which is a whole number ranging from 1 (least risky) to 10 (most risky). This translation is consistent with the methodology used in Old Mutual Wealth's online portfolio construction tools and is based on Modern Portfolio Theory. Prospective The portfolio risk level represents the expected level of future volatility of the combination of asset classes determined by using objective mathematical modelling tools taking into account past data and implied market data about the future. Fund Risk Number: The fund risk score is based on historic volatility, as measured by standard deviation of returns, of the fund over the indicated time period. The historic volatility is then translated to the fund risk level which is a whole number ranging from 1 (least risky) to 10 (most risky). Fund risk scores provide a retrospective view of a fund's volatility, which may vary widely over different time periods, and are not necessarily indicative of a fund's future volatility. Ratings: The Crown Ratings are assigned by Financial Express Holdings Limited and are for reference only. The Crown Ratings are compiled using three key measurements of an underlying fund's performance - alpha, volatility and consistency. An underlying fund will have higher crown rating, if it has superior consistent performance in relation to risk, relative to their peer groups. One crown being the lowest rating, and five crowns being the highest. No crowns means the underlying fund has not been rated. These ratings will be reviewed by Financial Express Holdings Limited on a regular basis. Citywire Ratings: Source & Copyright : Citywire Financial Publishers Limited. Citywire Fund Manager Ratings are based are based on the risk-adjusted track records of individual fund managers over three years. The Citywire Fund Manager Ratings are based on the performance of the fund manager across all the funds he or she has managed at any point during the last three years - not just the funds they are currently managing. More details at Morningstar provides independent fund ratings which aim to be predictive in nature. The ratings are determined following in-depth qualitative and quantitative analysis. Funds are reviewed regularly and ratings adjusted to reflect any changes in investment style or approach. From time to time a fund rating may be subject to review, in which case the rating becomes suspended. Funds which are not rated by Morningstar are shown as NR (Not rated). FE Alpha Manager Ratings are a quant-based fund manager ratings system, calculated by looking at the performance of the Individual Fund Managers across all of the funds they have managed over the last decade. They are based on 3 components: a. Risk adjusted alpha (with track record length bias) b. Consistent outperformance of a benchmark overall c. Out/Underperformance For more information visit A fund rating from Rayner Spencer Mills is based on the use of both quantitative and qualitative research, with the latter providing a forward-looking view of the manager s ability to deliver strong, consistent performance. This qualitative view is gained through face to face meetings with fund managers and is a key part of their methodology. Rather than have differing categories of rating their approach is to rate a fund, providing additional information on their fund and sector factsheets enabling advisers to make the most appropriate selection for their clients. Full fund information is available on their website at together with their fund methodology document. For more information on the investment terms used, please go to the glossary at Calls may be monitored and recorded for training purposes and to avoid misunderstandings. Old Mutual Wealth provides you with access to its investment platform. Within this platform you can open an ISA and Collective Investment Account provided by Old Mutual Wealth Ltd, a Collective Retirement Account and Collective Investment Bond provided by Old Mutual Wealth Life & Pensions Ltd and access an existing Offshore Collective Investment Bond, distributed by Old Mutual Wealth Ltd but provided by Old Mutual International (Guernsey) Limited. Old Mutual Wealth Life Assurance Ltd, Old Mutual Wealth Ltd and Old Mutual Wealth Life & Pensions Ltd are registered in England & Wales under numbers , and respectively. Registered Office at Old Mutual House, Portland Terrace, Southampton SO14 7EJ, United Kingdom. Old Mutual Wealth Life Assurance Ltd and Old Mutual Wealth Life & Pensions Ltd are authorised by the Prudential Regulation Authority and are regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Old Mutual Wealth Ltd is authorised and regulated by the Financial Conduct Authority. Their Financial Services register numbers are , and respectively. VAT number for all above companies is Old Mutual International (Guernsey) Limited is regulated by the Guernsey Financial Services Commission and is licensed to write long-term business under the Insurance Business (Bailiwick of Guernsey) Law Registered number Registered Office at The Beehive, PO Box 121, Collings Road, St Peter Port, Guernsey GY1 3HE, Channel Islands. Report Reference: B4FE