Disclaimer

Proportional Property Investments Ltd ACN 130 957 658 (PPI) holds an Australian Financial Services License (AFSL)

#327505.Global Property Showcase (Australia) Pty Ltd ACN 133 455 080 (GPS) is a corporate authorized representative of PPI (AR #331137). PPI has registered the Proportional Diversified Fund ARSN 133 479 884 (PDF) with the ASIC. PPI is the issuer of interests in PDF and has authorized GPS to sell interests in PDF.

General warning: In accordance with the provisions of GPS’s license authorization, PPI and GPS wishes to advise the

following in relation to any advice we jointly or severally have given or are likely to give you either orally or in writing or by any other means:

(a) the advice has been prepared without taking account of your objectives, financial situation or needs; and

(b) because of that, you should, before acting on the advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs; and

(c) as the advice relates to the acquisition, or possible acquisition of a particular financial product we have jointly or

severally provided, or will likely to provide you with a product disclosure statement relating to the product and you should consider the statement before making any decision about whether to acquire the product.

Offers for interests in PDF may only be made by completing the application form contained within the product disclosure statement (PDS) which is due to issue on the 30th November 2009 and

will be available upon request by calling (07) 5570 4211.

GPS suggests you read the PDS when available in full before you make any investment decision in PDF. If you are unsure about any aspect of the information contained within the disclosure documents you should seek independent investment advice. *Targeted returns are not guaranteed and are based on historical average performance. Past performance is not a reliable indicator of future performance. *Return is based on historical data. Historical data is available upon request.