Content. MUTUAL FUNDS MONTHLY REVIEW 2013 December. New Europe TOP20 Subfund 1. Russia TOP20 Subfund 2. Global Flexible Subfund 3

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1 Content New Europe TOP20 Subfund 1 Russia TOP20 Subfund 2 Global Flexible Subfund 3 Emerging Europe Bond Subfund 4 World Equity Subfund of Funds 5 Baltic Fund 6

2 New Europe TOP20 Subfund Finasta New Europe TOP20 subfund has a concentrated portfolio of region s best investment ideas (close to minimum allowed by UCITs). Every pick comes from a thorough fundamental bottomup analysis. Concentrated portfolio means maximum focus on each investment idea, high leverage on best picks. Higher concentration comes with the risk of higher deviation in subfund s net asset values. Aim of the subfund - to achieve maximum equity return while investing in Eastern Europe ex Russia region. Recommended term of investment - more than 5 years. 120% 115% 90% 85% 80% Monthly -1,98% -4,26% YTD 12,59% -6,92% Since inception -0,61% -17,07% Powszechna Kasa Oszczednosci Bank Polski S.A. KGHM Polska Miedz SA Fondul Proprietatea 5,3% 6,1% 5,9% CEZ 5,1% KRKA d.d. 4,9% 43,288 mln. LTL 12,537 mln. 28,78 30 Management fee 1,5 % Success fee 15 % Investments by industries Investments by countries Commercial Banks 21,6% Poland 24,2% Oil, Gas & Consumable Fuels Electric Utilities Pharmaceuticals Metals & Mining Holdings Specialty Retail 11,5% 9,4% 7,3% 5,9% 5,3% Romania Austria Slovenia Czech Republic Estonia 5,1% 9,2% 13,8% 12,8% Tobacco Food & Staples Retailing Diversified Telecommunication Services Cash and money market 4,5% 4,4% 9,5% Croatia Ukraine Serbia 4,3% 4,2%

3 Russia TOP20 subfund Finasta Russia TOP20 subfund has a concentrated portfolio of region s best investment ideas (close to minimum allowed by UCITs). Every pick comes from a thorough fundamental bottom-up analysis. Concentrated portfolio means maximum focus on each investment idea, high leverage on best picks. Higher concentration comes with the risk of higher deviation in subfund s net asset values. Aim of the subfund - to achieve maximum equity return while investing in Russia and CIS region. Recommended term of investment - more than 5 years. 90% 85% 80% Monthly 1,19% 1,24% YTD 2,10% -9,85% Since inception -10,75% -8,33% 13,346 mln. LTL 3,865 mln. 25,85 30 Management fee 1,5 % Success fee 15 % Investments by industries Oil, Gas & Consumable Fuels Commercial Banks 16,4% 32,1% Sberbank 9,3% Metals & Mining 7,9% Protek 6,8% Trading Companies & Distributors Airlines 6,8% 6,3% Gazprom GDR 6,5% Specialty Retail Holdings Aeroflot - Russian Airlines 6,3% Cash and money market 5,5% M Video

4 Global Flexible Subfund Finasta Global Flexible Subfund is considered as actively managed subfund. Subfund investments are diversified and allocated among different regions and assets classes: equity, bonds and other fixed income securities, hedge funds, commodities and currencies. Aim of the subfund - to seek maximum return with risk lower than equity investments. Recommended term of investment years. 112% 108% 106% 104% 102% 98% 96% Monthly -0,29% 0,82% YTD 2,12% 10,13% Since inception -7,21% 27,43% ComStage MSCI World TRN Ucits ETF MSCI World ETF (DB X-Trackers) PowerShares FTSE RAFI US 1000 Fund 10,0% 10,0% 9,5% Bank St Petersburg OJSC 8,3% 2,319 mln. LTL 0,672 mln. 26,87 30 Management fee 2 % Success fee 15 % Investments by asset class Amundi ETF MSCI World Investments by regions 8,0% Equity 65,6% Global developed markets 28,0% North America 16,1% Cash and money market 26,9% CEE 9,5% Europe 7,2% Hedge funds and other 7,5% Alternative investments 6,6% Asia 5,8%

5 Emerging Europe Bond Subfund Finasta Emerging Europe Bond Subfund invests to the strong credit profile emerging Europe governments and companies debt securities. Subfund Managers combine riskier (corporate) and safer (government) bonds in order to achieve higher total return. Aim of the subfund - to secure the balanced capital growth of the subfund. Recommended term of investment years. 104% 103% 102% 101% 99% 98% 97% Monthly 0,34% 0,31% YTD 3,67% 1,78% Since inception 19,78% 18,24% 42,040 mln. LTL 12,176 mln. 34,69 30 Management fee 1 % Investments by countries Croatia 6,5% 2015/01/05 6,6% Russia 19,3% Romania 5,25% 2016/06/17 6,4% Slovenia Hungary 12,6% 11,3% VTB Bank 5,01% 2015/09/29 6,4% Lithuania Croatia 10,7% 10,5% Zhaikmunai 10,5% 2015/10/19 5,7% Romania 8,2% MOL 3,875% 2015/10/05 5,7% Kazakhstan Cash and money market 5,7% 14,0%

6 World Equity Subfund of Funds Finasta World Equity Subfund of Funds invest to other funds that invest in global equities. To ensure greater subfund security and diversification, subfund investment strategy is not limited by investment regions or sectors. Aim of the Subfund - seeks higher than average global equity investment return. Recommended term of investment years. 111% 109% 107% 103% 101% 99% 97% Monthly 0,00% -1,11% YTD 4,58% 4,09% Since inception -4,82% 12,81% 1,394 mln. LTL 0,404 mln. 27,57 30 Management fee 1 % Investments by regions ComStage MSCI World TRN Ucits ETF Global developed markets 52,7% S&P A ETF (Amundi) North America 18,5% ishares MSCI World Minimum Volatility 9,6% Europe CEE 6,6% 9,3% The Lyxor ETF DAX 9,3% Global emerging markets 5,1% Amundi ETF MSCI World 8,7% Cash and money market 7,8%

7 Baltic Fund Fund strategy* Baltic Fund is investing into shares of companies listed on Baltic Stock Exchange or enterprises actively operating in the Baltic states. The fund is striving for maximum return by assuming high risk level. The fund focuses on long-term investments by identifying attractive economy sectors and picking particular companies. Aim of the fund - to achieve maximum equity return while investing in Baltics region. Recommended term of investment - more than 5 years. Fund return in last 12 month* 120% 115% Fund returns Fund Benchmark Monthly -1,36% -1,46% YTD 9,40% 13,17% Since inception -11, 5,46% Past performance of fund does not guarantee the future results. Your investment value may rise or fall depending on market conditions. You may earn less than you had invested. Olainfarm City Service Silvano Fashion Group Olympic Entertainment Group 9,0% 8,0% Fund data Rokiškio sūris AB 5,0% Date of fund inception Currency of fund 7,176 mln. LTL 2,078 mln. Fund unit value 25,50 30 Management fee 2 % Investments by industries Investments by countries Pharmaceuticals Specialty Retail 1 13,8% Lithuania 41,3% Food Products 13,7% Multi - Utilities Hotels, Restaurants & Leisure 8,0% Estonia 33,3% Construction & Engineering 7,2% Electric Utilities Oil, Gas & Consumable Fuels Latvia 19,4% Marine Paper & Forest Products Cash and money market 4,5% Cash and money market