WHAT IS IT? It is a Fund dedicated to supporting the growth of the Ghanaian private sector. The Gold Fund is a unit trust scheme established under the Securities Industry Law 1993. The Fund will provide the long term capital needed by Ghanaian enterprises. A unit trust is an organized investment fund that provides access to an extensive range of diversified companies for the collective benefit of small and large investors. Unit trusts, the preferred choice of investors worldwide, currently operate in numerous markets (i.e., UK, Botswana, South Africa, Brazil, China, India, Mauritius, Mexico, France, Australia, USA and Poland). WHY INVEST NOW? At present, Ghana has all the makings of a promising emerging market. Strengthened by growing international interest, the Ghana Stock market in 2003 produced returns of about 154%. Many small and medium scale enterprises are emerging that are doing very well. The Anglogold-Ashanti Goldfields merger, the Heinekens-Guiness merger, the growth plans of Unilever and the presence of Newmont Mining in Ghana have provided an added boost to the country’s investment prospects. If you invest now, you can enjoy the benefit of Ghana’s growth. IS IT RISKY? The Gold Fund minimizes risk by investing in a broadly diversified professionally managed portfolio of Ghanaian companies. By buying units of the Fund you are purchasing professional investment advice. HOW DOES THE GOLD FUND OPERATE? The Gold Fund is made available to you, the investor, in specified portions known as 'units'. The initial price for each unit is ¢500. The minimum initial investment is ¢10,000 (or 20 units). A unit may be purchased by an individual, a group of individuals or a corporation. The Gold Fund is initially offering 20 million units. However, as an open-ended fund, the number of units available is unlimited. Each unit represents a proportionate ownership interest in all of the selected companies of the Fund. Your unit holdings may be converted into cash, re-invested or redeemed at your discretion. WHO WILL INVEST MY MONEY? The Gold Fund is managed by Gold Coast Securities, a licensed brokerage and fund management company. The Firm provides comprehensive financial services that include asset and fund management, research and general corporate financial advisory services. The Securities and Exchange Commission has granted Gold Goast Securities a license to operate the Gold Fund Unit Trust. HOW WILL I BENEFIT? Other Funds managed by Gold Coast Securities have yielded returns that have exceeded Treasury Bill yields and the average returns of the Ghana Stock Exchange. The long term growth the Fund will provide substantial returns. A regular savings pattern can support your plans for your children’s education, purchase of a house or give you financial security for retirement. WHAT ARE THE FEES ASSOCIATED WITH THE FUND? The annual fees for the fund are limited to a maximum of 3% of net assets under management. Included in the fees is a management fee of 1%, an initial charge (which covers registrar and processing expenses) of 1%, and an operating fee (which covers Trustee fees, auditors and marketing expenses) of 1%. WHO HOLDS THE MANAGER ACCOUNTABLE? The Trustee of The Gold Fund is Provident Insurance Company Limited. The primary goal of the Trustee is to protect the interest of the investor. The rights and obligations of a Trustee are strictly regulated by law. The Trustee is accountable to the Securities & Exchange Commission. PROFIT DISTRIBUTION After deducting the annual fees and expenses, net income will be distributed to unit holders annually. IS INCOME FROM THE FUND TAXABLE? Under the prevailing tax laws and the Securities Industry Law, unit trust schemes are tax exempt. WHO ARE THE FUND'S AUDITORS? The Auditor of the Gold Fund is Deloitte, Chartered Accountants, (Ghana). Deloitte is one of the world's top four largest accounting, management consulting, and tax services firms, serving nearly one-fifth of the world's largest businesses. The auditors are bound by rules that ensure integrity, objectivity, independence and professional competence. HOW DO I BECOME A UNIT HOLDER? By contacting an Investment Advisor at any of the [Gold Coast Securities offices].