PRESS RELEASE (Not for release into the United States of America) SOURCE LAUNCHES THE FIRST EUROPEAN ETF ON THE S&P 500 VIX FUTURES INDEX

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1 PRESS RELEASE (Not for release into the United States of America) SOURCE LAUNCHES THE FIRST EUROPEAN ETF ON THE S&P 500 VIX FUTURES INDEX London, 28th June 2010: Source today announced the launch of its new S&P 500 VIX Futures ETF. The fund is the first volatility-linked ETF in Europe to track the S&P 500 VIX Short-Term Futures Total Return index (the Index ) and has a 0.60% per annum management fee. Recent spikes in market volatility around the Greek crisis have accentuated risk aversion and highlighted the need to manage exposure to implied volatility. This new addition to Source s product range offers convenient, liquid exposure via VIX futures. Source and Nomura have worked together to originate this ground breaking product. Nomura, the global investment bank, is a pioneer in creating, distributing and trading volatility products. The CBOE Volatility Index, known as the VIX, is the most widely used measure of implied volatility and is seen as a barometer for market uncertainty. However, the VIX is not easily investable. The S&P 500 VIX Futures Source ETF tracks the Index, an investable index that reflects the return from rolling short-term VIX futures contracts. Although the performance of the Index differs from the VIX, it has historically shown high correlation with the VIX and high negative correlation with the S&P 500 index. 1 Until now, European investors have been limited to trading individual VIX futures contracts or gaining exposure via structured notes. The new S&P 500 VIX Futures Source ETF is a UCITS III compliant fund, is listed on the London Stock Exchange and trades in USD. 1 Past performance is no indicator of future performance.

2 Commenting on the launch, Ted Hood, CEO of Source said: The past few years have taught us that sudden, large movements in the markets can never be discounted. We are delighted to be offering this tactical tool to European investors that can be used to take an outright view on implied volatility or for hedging against worst-case market scenarios. Mohamed Yangui, Managing Director, Head of Product Development and Structuring Group at Nomura added, As one of Source s strategic partners, we are confident that this new generation of UCITS compliant volatility instruments will establish itself amongst European investors as one of the preferred solutions due to its liquidity, transparency and the potential for exposure mitigation. PRODUCT SUMMARY Product Name Bloomberg Ticker Fund and trading currency Management Fee Listing Underlying Index Name Underlying Index Ticker Domicile S&P 500 VIX Futures Source ETF VIXS LN <Equity> USD 0.60% per annum London Stock Exchange S&P 500 VIX Short-Term Futures Total Return index SPVIXSTR < Index> Ireland The addition of this new ETF brings Source s product range to 77 across equity and commodity segments of the market. Source has raised over US$5 BN in assets since launch in April 2009 and continues to focus on delivering incremental value to European ETF and ETC investors through a combination of enhanced indices, improved structuring and active trading. Source UK Services Limited is authorised and regulated by the UK Financial Services Authority. ENDS For further information: Source Tel:

3 Ted Hood/Peter Thompson/Michael John Lytle Nomura Tel: Felicity Albert M:Communications Tel: Adrian Flook Notes to Editors: Further information about Source is available at Nomura Nomura is a leading financial services group and the preeminent Asian-based investment bank with worldwide reach. Nomura provides a broad range of innovative solutions tailored to the specific requirements of individual, institutional, corporate and government clients through an international network in over 30 countries. Based in Tokyo and with regional headquarters in Hong Kong, London, and New York, Nomura employs over 26,000 staff worldwide. Nomura's unique understanding of Asia enables the company to make a difference for clients through three business divisions: retail, wholesale (global markets, investment banking, and other wholesale), and asset management. For further information about Nomura, please visit Source Source is a specialist provider of exchange traded products (ETPs) for European investors. It currently offers a total of 77 products including Exchange Traded Funds (ETFs), Treasury Bill Secured Exchange Traded Commodities (T-ETCs) and a physical gold ETC (P-ETC). Its products are designed to enhance the performance and trading environment. By creating common standards and enhanced features, Source s products offer investors improved liquidity, reduced credit risk and increased transparency.

4 Source believes that the market for ETFs and similar products will continue to expand rapidly, but that improved products and greater liquidity are critical to accelerating growth. In order to meet investor demand for efficient long and short exposure through a single product, Source has created a new generation of funds based on improved sector indices - Source s Optimised Supersector ETFs - designed to offer maximum trading flexibility. By working with its key partners 2, Source has taken steps to maximise the liquidity of its products: allowing multiple brokers to participate on an equal footing, leading to a concentration of flows; focusing trading on a single stock exchange, currently Deutsche Börse or the London Stock Exchange; and creating an efficient lending market for its ETF sector products, enabling investors to use these to take both long and short positions. This is an evolutionary step in the European market as, to date, the lack of an efficient lending market has hampered the growth of trading volumes and has been a major factor in the significant shortfall in liquidity between the US and European ETF markets. In addition, by working with a number of counterparts, Source may reduce its exposure to credit risk. Investor protection is controlled through a robust combination of risk diversification, third party monitoring and self-imposed guidelines. These and other initiatives allow Source s unique approach to ETPs to deliver a superior investor experience and rapid growth in assets. Source is committed to expanding the partnership approach of its platform and is actively seeking additional participants. Biographic information Source is led by a dynamic and experienced management team. Senior management includes: Ted Hood, CEO, has fourteen years of structuring and legal experience and was previously co-head of multi-asset structuring at Morgan Stanley in London 2 Source s partners include BofA Merrill Lynch, Credit Suisse, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nomura, Nyenburgh, AllOptions, Baader Bank, Banca IMI, BNP, Commerzbank, DekaBank, Exane, Flow Traders, HSBC, IMC, Knight, LaBranche, Newedge, SG Securities and UniCredit.

5 Peter Thompson, Director of Strategy, spent fifteen years at Goldman Sachs creating and trading delta one exposure in the equity markets Michael John Lytle, Director of Marketing, spent eighteen years at Morgan Stanley and was most recently focused on the creation, marketing and distribution of multiasset class retail structured products