MADISON ASSET MANAGEMENT COMPANY LIMITED

1. MADISON ASSET MANAGEMENT COMPANY LIMITED A member of the LSA Group of Companies CHILDEN’S EDUCATION INVESTMENT FUND PRODUCT LAUNCH 30 JUNE 2010

2. LSA ORGANIZATIONAL CHART Lawrence Sikutwa & Associates Limited LSA 80.9% – IFC19.5% 100% Madison Financial Services Limited • Madison Investment Property & Advisory Company Limited • Madison Health Solutions Limited • Amalgamated Tourism Investments • Agricultural & Industrial Company Limited • Madison Life Insurance Company Limited • Madison General Insurance Company Limited which has a subsidiary in Tanzania called MGen Tanzania Insurance Company Ltd. • Capital Solutions Limited • Madison Premier Finance Limited • Madison Asset Management Company Limited 2

3. THE MADISON BRAND The “Madison” name is a renowned brand in Zambia and the LSA Group is recognized as one of the leading private sector diversified financial services holding Company in the country, that has been around for close to 17 years now.

4. MADISON ASSET MANGEMENT CO. Started operations in 2008 Licensed and regulated by SEC Member of the Lusaka Stock Exchange US$60 million in assets under management Spread over 400 clients in Unit Trusts, over 50 in fund management and 65 in stock broking. Current staff members: 17

5. KEY BUSINESS FEATURES Professional investment managers Product innovation with a wide range of financial solutions to cater for most needs Prudent investment strategy Customer centric Quality service

6. PRODUCT & SERVICES

7. HOW CAN YOU PAY FOR SCHOOL FEES? There are three (3) ways of paying education expenses: You can save now so that you have enough capital when your child starts school You can take a loan from the bank and pay interest You can pay school fees out of income With the raising costs of quality education, it is becoming increasing difficult for parents to use options 2 & 3 above. You can avoid the compromise with proper financial planning by using, the first option which is simple, easy and effective via the Madison Education Investment Fund!

8. WHY INVEST FOR YOUR CHILDREN’S EDUCATION? A quality education not only opens young eyes to a world of exciting possibilities, it brings those possibilities within reach. Today with costs on the rise, and formal education now spanning an increasing number of years, how can you adequately prepare? The Madison Education Investment Fund provides a solution.

9. WHAT IS THE MADISON EDUCATION INVESTMENT FUND? Madison Children’s Education Investment Fund is a specially designed investment product designed to help you build a nest egg to fund the education expenses of your children, grand children or a special child in your life. It offers a valuable combination of simplicity, flexibility and security, with professional investment management.

10. WHAT ARE THE BENEFITS? Starting with as little as US$500 or K2.0 million p.m Provides access to 5 underlying funds. Provide a child with a platform for a decent life. Easy access to your money. Allows you to plan which institution to send your child for secondary or tertiary education whether locally or overseas. Professional investment management. High quality staff renowned for their product knowledge and excellent personal service. Additional security & peace of mind – optional life cover policy

11. KEY PRODUCT FEATURES Covers a broad range of education; The fund covers secondary and tertiary education. The fund covers local and overseas education. Covers a wide range of education related expenses; Expenses include tuition fees and lodging. Estate Planning; Nominate beneficiary representative in the event of death.

12. WHAT ARE THE INVESTMENT OPTIONS? Low risk funds with a focus to provide income: Madison Money Market Fund Medium risk funds with a focus to provide capital growth & income: Madison Balanced Fund Madison Property Fund Medium to High risk funds to provide capital growth Madison Equity Fund Madison Global Fund

13. High Growth Longer Equity Type Funds FOCUS TERM RISK Income Type Funds Low Income Shorter There is a trade off between risk & reward in investments

14. HISTORIC TRENDS ESCALATING EDUCATION COSTS

15. WHAT ARE THE RISKS? It is important to understand the risks that could affect the performance of the underlying funds: Market risk Security risk Inflation risk Interest rate risk Liquidity risk Currency risk IMPLICATIONS Investment returns can vary from one year to the next Your investment objectives may be negatively affected.

16. HOW ARE THE RISKS MANAGED? Market risk – market intelligence through dedicated investment department. Security risk – quality assets with appropriate security where necessary Inflation risk – monitoring of headline inflation Interest rate risk – investing money across a portfolio of different investments Liquidity risk – proportion of investments is liquid assets. Currency risk – asset and liability matching.

17. START INVESTING NOW!! Whatever strategy you choose, the earlier you start the greater your potential return. Starting early also gives you time to invest more funds It also allows you to benefit from the effect of compounding

18. COST OF DELAY The illustration assumes a monthly contribution of K1,000,000 by people aged 25, 30 and 35 to the age 55. the chart shows that delaying to start saving early could have a substantial effect on the final fund saved. In other words the earlier you start saving, the more cost effective your savings will be.

19. CONTACT US Contact persons: Cecilia Siabusu Ass. Unit Trust Manager - Sales Tel: (W) +260 211 223023 (C) +260 977 753 262 Email: cecilia@madisonassets.co.zm Paul Siamuzyulu Marketing Manager Tel: (W) +260 211 255121 (C) +260 978 738 064 Email: paul@madisonassets.co.zm LSA House 316 Independence Avenue Lusaka Fax: +260 211 253417 Email: info@madisonassets.co.za Web: www.madisonassets.co.zm

20. THANK YOU FOR YOUR ATTENTION We realise your money matters to you. It does matter for us too and We are committed to do our utmost so that you get the best out of it. Let us help you shape the future the way you’d want it to be !