CORPORATE PRESENTATION

Unique, Rare & Important

September 2012 Private & Condential

! Food, water, energy and metals are the drivers of industrial, economic and social growth.

As the world's population rises and the clamor for higher living standards gets louder, so too the struggle for resource access intensies.
! For centuries, the West has controlled much of the resources ow, but now China, India,

Russia, Brazil, Indonesia, Turkey, the Middle East and a host of other nations want their share.
whether it is water from the Nile, Colorado or the Yarlung-Zangbo-Brahmaputra; rice from the Mekong Delta, oil from the Middle East, coal from Africa, gas from Russia, rare earths from China, iron ore from the Australian outback, phosphates from Morocco uranium from Namibia and Kazakhstan, or shale from North America,

these resources are in limited supply and valuable.

! The world's geopolitics will be shaped by the global race for four strategic resources: food,

water, energy and metals.

! The scale of demand from China, Latin America and India for food, water, energy and

minerals, has already reshaped the global economy. Africa, too, is about to wake up demographically in a way that will surprise the world.
! This crisis for mankind and our planet is simultaneously our greatest challenge, as well as a

once in a lifetime investment opportunity for visionary investors.

! Institutional investors are now eager for solutions. The timing is ideal, the opportunity is

evident and Global Fund Exchange is the right partner

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Contents
The Macro Opportunity

The Opportunity

The Macro Opportunity

! Food and water security

! Water stress and scarcity
! Rising energy consumption / per capita
! Rising real incomes
! Urbanization & Industrialization
! Increasing calorie and protein intake
! Weather disrupted by climate change
! Droughts / Floods / Shortages
! Geopolitical unrest

ENERGY

7 BILLION HUMANS WITH EVER9 BILLION INCREASING HUMANS WITH ENERGY, WATER EVER INCREASING AND FOOD ENERGY, WATER REQUIREMENTS AND FOOD REQUIREMENTS

will provide greater disruptions and investment opportunities than any other period in history

ENERGY

WATER

FOOD

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The Macro Opportunity

! 2.5 Billion in 1950, 5B in 1987, 7B in 2011

Population growth & arable land

! Global population has grown exponentially in the last decades

! Expected to grow to 8 Billion over coming decade, ! 9 Billion by 2040

Availability of arable land per person has sharply fallen off

! Global: from 0.37 hectares/person in 1960 to 0.2 today ! North America: from 1.1. hectares/person to 0.7 today

! Thirty percent of the world's arable land will be unusable by 2020 due to excessive salt in the soil. ! Fifty percent may be unusable by 2050. ! Simultaneously, we are consuming ever more water, energy and food per capita with an uncontrollable growth in carbon footprint (causing further climate change)
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The Macro Opportunity

Energy

! Non-OECD countries account for vast majority of the nearly 50% projected increase in global energy use by 2035 ! Vastly different energy mix, including alternatives will have to deliver this increase ! Bridge period where traditional fossil fuels become cleaner and more energy efficient and alternative energies become more mainstream and nancially efficient will generate signicant prot opportunities ! Natural Gas has become a major player in the energy world

The Macro Opportunity

Food

! The amount of food needed to feed a growing world population over the next 40 years will equal the total amount of food already produced over the last 10,000 years. ! Simultaneously the amount of arable land per person is shrinking ! Exacerbated by the ever increasing threats of water scarcity ! Climate change is increasing the frequency and severity of weather disruptions ! In some countries, food costs have risen to 40% of monthly budget ! Food insecurity already toppling governments

The Macro Opportunity

! While the worlds population tripled in the 20th century, the use of renewable water resources has grown six-fold.

Water

! Within the next fty years, the world population will increase by another 40 to 50 %. ! This population growth coupled with industrialization and urbanization will result in an astounding increase in demand for water and will have serious consequences on certain countries and the environment. ! The single biggest threat investment opportunity

The Macro Opportunity

Why now ?

! These vital industries are already seeing record ows of investment capital, new orders and prot opportunities. ! Demand for water & energy infrastructure, technology and services is growing at exponential rates while supply has remained relatively constant and inelastic. ! By 2030 $ 26 Trillion projected investment in energy infrastructure ! $ 22 Trillion projected investment in water infrastructure by 2030

To avoid political turmoil and regime changes, governments have no choice but to continue investing in food, water and energy infrastructure
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Contents
The Macro Opportunity

The Opportunity

! Our passion is investing in the future of our planet and the most

compelling mega macro trends facing our world today.

! Our goal is to provide our investors with the ability to participate in these

opportunities, while signicantly reducing the extreme volatility normally associated with these markets.

! We prudently manage the collective expertise and resources of some of

the world's premier niche managers focused on energy, agriculture, water and scarce resources.

! Comprising over 100 years of collective experience, the team of experts

atGlobal Fund Exchange provides in-depth macro strategy research, portfolio management, due diligence, reporting, transparency and risk management.

In order to have an even greater impact, a portion of our prots from your investment will be dedicated to a worthy charity focused on the needs of humanity Lauralouise Duffy, August 2012
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22 years experience running hedge funds, FoFs, Managed Accounts. Macro specialist

Lauralouise Duffy Portfolio Manager

20 years experience building investment businesses, FoFs, Platforms

Anric Blatt Portfolio Manager

40 years equity experience, Energy Specialist

Jack Moore Advisory Board

Clive Jory, CFA Advisory Board

35 years investment experience

40 years international experience

Mike Leith Smith Advisory Board

30 years equity experience Clean Energy Specialist

Mark Cox Advisory Board

Deutsche Bank Custodian

Walkers Lawyers

DB Alternative Fund Services

Administrators

Eisner Amper Auditors

We have created a highly motivated world class institutional quality team, robust operational infrastructure with highly reputable and experienced global counterparties Anric Blatt, January 2012
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Contents
The Macro Opportunity

The Opportunity

The AquaTerra Fund is diversied across a portfolio of 8 - 10 specialist managers investing in agriculture, water and other scarce natural resources. The portfolio aims to participate in the worlds most compelling macro trends in vital assets, without the volatility typically associated with commodities and equities.

Bespoke white label funds - Since 2005 we have specialized in the construction of individualized and purpose built multi-manager portfolios, funds, dedicated feeder funds, structured products and risk management.

The Earth Wind & Fire Fund is our 30,000 foot view global mega trends strategy. This fund invests in all of our strategies to give investors access to a wide variety of assets, managers and sectors. The diversity of the portfolio contributes toward a low volatility product with a low correlation to benchmarks and broader markets.

www.globalfundexchange.com/products
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The EWF Pure Water Fund is a long-biased strategy focused on the highly compelling opportunities found throughout the water landscape today. The fund aims to capture most of the upside of a long-only water equity strategy, while signicantly minimizing the drawdown risk that comes with those strategies. The fund focuses on managers that are experts at nding value, while also hedging market and headline risk.

The EWF Energy Fund combines managers that are experts at nding valuable opportunities in energy equities and talented energy commodities traders to deliver alpha and low correlation to benchmarks. Forward thinking companies that have strong balance sheets and focus on improvements in efciency are rewarded with investment. Global macro factors of supply and demand, as well as global weather factors impact our commodity traders decisions.
The Hybrid Energy Fund is focused on the bridge period of energy that we currently nd ourselves in, where traditional energy is becoming more carbon and energy efcient and alternative energy is becoming more mainstream and nancially efcient. Very diverse across a wide universe of sub-sectors, the mixture is typically between 60-70% Traditional Energy and 30-40% Clean Energy.

www.globalfundexchange.com/products
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Fund Terms
Liquidity Transparency Administrator Custodian Minimum Investment Management Fee Performance Fee Investor Contact Domicile Pricing Varies by fund* www.globalfundexchange.com/products Full Position with aggregated net exposure weightings, Plus Access to latest research DB Alternative Fund Services Deutsche Bank AG $ 1,000,000 or CHF, SGD equivalent* Please contact us for institutional terms 1% per annum for institutional share classes* Please contact us for institutional terms 10% with a high water mark* info@globalfundexchange.com +1 212 570 7970 Cayman Islands Weekly Estimates with Monthly NAV direct from Custodian, Monthly Fact sheets and Exposure Reports * See offering docs for further details
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Why Multi Manager ?

Niche focused specialists; expertly managed & blended Reduced risk, volatility & drawdown; higher consistency

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Why Multi Manager ?

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Contents
The Macro Opportunity

The Opportunity

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The Opportunity
MACRO ENVIRONMENT SET FOR A PERFECT STORM OF OPPORTUNITY
EXPONENTIAL POPULATION GROWTH
WATER SCARCITY - FOOD SECURITY - DIET CHANGES
CLIMATE CHANGE - VOLATILE WEATHER
INELASTIC SUPPLY OF ENERGY & RESOURCES
GEOPOLITICAL RISKS - FIAT CURRENCY PRINTING
GLOBAL INSTITUTIONAL INVESTOR MANDATES
ACTIVELY SEARCHING FOR REAL ASSETS, WATER INVESTMENTS, ENERGY DIVERSIFICATION, AGRICULTURE AND RESOURCE INVESTMENTS
POTENTIAL JV WITH EUROPEAN UCITS PARTNER
DRIVING SIGNIFICANT INVESTMENTS INTO THESE SECTORS

ESTABLISHED BUSINESS READY TO BENEFIT FROM THESE OPPORTUNITIES

EXPERIENCED TEAM - EXCELLENT TRACK RECORD
TOP TIER OPERATIONS & INFRASTRUCTURE
5 YEARS AHEAD OF COMPETITORS
THE HARDEST WORK HAS BEEN DONE

ACT NOW
LEAVE A LEGACY BY BEING A PART OF THE GREATEST INVESTMENT OPPORTUNITY OF OUR TIME

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Closing Thoughts
We are ve years into a severe global food crisis that is very unlikely to go away. It will threaten poor countries with increased malnutrition and starvation and even collapse. Resource squabbles and waves of food-induced migration will threaten global stability and global growth.
This threat is badly underestimated by almost everybody and all institutions with the possible exception of some military establishments
Jeremy Grantham co-founder of GMO
We are intensely concerned that global money managers are woefully unprepared for peak oil and largely oblivious to the amount of time, capital and effort it will take to mitigate the problem.
13D Research, Inc
A catastrophic water shortage could prove an even bigger threat to mankind this century than soaring food prices and the relentless exhaustion of energy reserves, according to a panel of global experts at the Goldman Sachs "Top Five Risks" conference.
Climate change ranks as the preeminent danger to modern human civilization today. The evidence for signicant warming since the Industrial Revolution is now irrefutable and undeniable.
Nick Perry
Thirty percent of the world's arable land will be unusable by 2020 due to excessive salt in the soil. Fifty percent may be unusable by 2050.
Woodley B Preucil
"I don't mind if China has civil war, epidemics, panics, depressions, all of that.You can recover from that. The only thing you cannot recover from is water, if China doesn't solve its water problems than there's no China story. They're spending large amounts of money to solve this problem.
Jim Rogers
The World Bank reports that 80 countries now have water shortages and 2 billion people lack access to clean water. More disturbingly, the World Health Organization has reported that 1 billion people lack enough water to simply meet their basic needs.
Arlington Institute
If current water consumption trends continue, by 2025 the agricultural sector will experience serious water shortages. Crop losses due to water scarcity could be as high as 350 million metric tons per year, slightly more than the entire crop yield of the U.S.
This massive water crisis will be caused by water contamination, diverting water for industrial purposes, and the depletion of aquifers. Climate change may also play a part. Additionally, many aquifers are contaminated each year by pollution and seawater intrusion
International Food Policy Research Institute (IFPRI)
The global agriculture industry will have to supply, as much food as has been produced during all of human history, to meet human nutritional needs over the next four decades.

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NEXTSTEPS

THANKYOU

Preparation is a key to opportunity If you like our ideas and strategies, the next step is to undertake due diligence and request offering and subscription forms to enable swift execution when you believe the timing is right For further Information, please contact us in: New York + 1 212 570 7970 Zurich + 41 44 586 8582 Qatar + 974 3318 6908 Hong Kong +852 8174 6688

GLOBALFUNDEXCHANGE . COM
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The global battle for natural resources from food and water to energy and precious metals is only beginning, and will intensify to proportions that could mean enormous upheavals for every country Sir David King, chief scientic adviser to the UK government

Global water demand is doubling every 21 years supplies cannot remotely keep up. World Bank

Over the next four decades the agriculture industry will have to supply, as much food as has been produced during all of human history United Nations

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Important Disclaimer

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