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While the above-mentioned advice and information are based on information, which MAPL consider reliable, its accuracy and completeness cannot be guaranteed. This report is made without consideration of any specific clients investment objectives, financial situation or particular needs. Accordingly, the client should, before acting on the advice, consider the appropriateness of the advice, having regard to the client's objectives, financial situation and needs. Those acting upon such information do so entirely at their own risk. For a copy of MAPL's Financial Services Guide, please go to http://www.morningstar.com.au/fsg or phone MAPL on (02) 9276 4544 to request a copy.

Disclosure

MAPL has no debt or equity relationship with any managed investment company or financial advisory group, neither does MAPL offer or participate in investment management or financial advisory activities nor charge managed investment companies to be rated. MAPL may have an interest in the products referred to in the Information in that it and/or its staff may hold or intend to hold deposits, shares, units or other rights in respect of such products and from time to time, MAPL may provide some of the investment product providers mentioned with research, software, consulting and other services for a fee.