MANAGER WATCH TO THE END OF SEPTEMBER 2002 SA - Dynamic.

(From Financial Mail)

MANAGER WATCH TO THE END OF SEPTEMBER 2002 SA - Dynamic Objective - The portfolios included in this survey aim to maximise long-term (more than 5 years) capital growth. This may lead to volatility of returns in the short term (less than one year).

Restrictions - The portfolios are balanced (multiple asset class) portfolios, subject to the restrictions imposed by Regulation 28 of the Pension Funds Act. Further, the portfolios are confined to investing in SA only.

Fund Fund Information 1 Year 3 Years (pa) 5 Years (pa) Volatility Sortino Ratio (Cap Loss) Classification Size (Rm) Fund Rank Fund Rank Fund Rank Fund Rank Fund Rank Allan Gray Life Absolute Pooled 131 34,9% 1 * * * * mCubed Foc 65 Domestic Pooled multi-mgr 103 17,2% 2 15,2% 1 9,8% 1 12,8% 1 2,3 1 Metropolitan Segregated 364 9,9% 3 * * * * SA - Best Investment View Objective - The portfolios included in this survey represent the managers' best investment view subject to the restrictions set out below.

Restrictions - The portfolios are balanced (multiple asset class) portfolios, subject to the restrictions imposed by Regulation 28 of the Pension Funds Act. Further, the portfolios are confined to investing in SA only.

Fund Fund Information 1 Year 3 Years (pa) 5 Years (pa) Volatility Sortino Ratio (Cap Loss) Classification Size (Rm) …