Below is an outline of the Fund Information, and is not intended to be a full prospectus. For the full prospectus, please click here. Please also ensure that you consult with your stockbroker or financial advisor.

Overview

The Offer: 50,000,000 Units at N100 each
Minimum Subscription: - N50,000.00
Opening & Closing Dates: August 11th to September 17th,2008

Fund Manager: Afrinvest (West Africa) Limited
Issuing House: Guaranty Trust Bank plc
Trustee to the Fund: UBA Trustees Limited
Stockbrokers to the Offer: Diamond Securities Limited
Solicitors: Templars
Reporting Accountants: Fashina Folorunsho & Co.
Auditors: KPMG Professional Services

Investment Objectives and Policy of the Fund

The primary objective of the Fund is to achieve long-term capital appreciation of its assets, through investments in a portfolio of equity securities quoted on the NSE, and other investments approved by the Commission.

The fund will under normal market conditions hold 90% of its assets in equities.The Fund may invest no more than 10% of its assets in any one company. The Manager will, at his discretion, hold up to 20% of the Fund’s assets in cash, cash equivalents or high quality debt instruments. The benchmark for the fund is the NSE index.

Target Investors

The Fund is primarily designed for investors who have:

• A mid to long-term investment perspective
• A moderate to high risk appetite

The Fund welcomes participation from both foreign and non-resident Nigerian investors

The Fund is not designed for Investors that require a guaranteed level of income

Investment Benefits

• Diversification
• Simplicity
• Access to professional management
• Easy purchase and sale process
• All fund assets held by a third party custodian

Fees and Expenses

The Manager’s fee, will not exceed 1.5% of Net Asset Value of the Fund per annum

All future costs and expenses of maintaining the Fund, which shall include management of its assets, administration and other services, shall be deducted from the income generated by the Fund.