Funds of Hedge Funds	CCY	November 20081	2007	2006	Annualized Return	Volatility	Sharpe Ratio	Start Date	Liquidity	Monthly    Report
Out of scope regarding the European Savings Directive
Luxembourg SICAV
Mont Blanc Multi-Strategy	USD	-1.54%7	17.24%	10.82%	5.47%7	5.13%7	0.687	Mar-02	Monthly	MBMS USD
Mont Blanc Multi-Strategy	EUR	-1.41%7	14.94%	8.28%	6.27%7	4.81%7	0.897	Mar-02	Monthly	MBMS EUR
Mont Blanc Multi-Strategy	CHF	3.66%7	13.54%	6.73%	5.25%7	4.92%7	0.667	Jul-03	Monthly	MBMS CHF
Mont Blanc Multi-Strategy 2	GBP	3.51%7	17.86%	10.48%	9.68%7	5.60%7	1.377	Aug-07	Monthly	MBMS GBP
Mont Blanc Fixed Income	USD	-3.06%	20.66%	6.65%	4.76%	5.43%	0.51	Apr-05	Monthly	MBFI USD
Mont Blanc  Fixed Income	EUR	-2.89%	18.50%	4.26%	5.58%	4.92%	0.73	Apr-05	Monthly	MBFI EUR
Mont Blanc  Fixed Income	CHF	2.05%	16.76%	3.23%	3.49%	5.28%	0.28	Apr-05	Monthly	MBFI CHF
Mont Blanc Select 3	USD	-1.70%6	12.36%	9.08%	6.83%6	5.15%6	0.946	Jul-06	Quarterly	MBSL USD
Mont Blanc Select 3	EUR	-1.46%6	10.79%	6.68%4	7.25%6	5.03%6	1.046	Oct-06	Quarterly	MBSL EUR
Mont Blanc Select 3	CHF	3.70%6	8.92%	5.15%4	5.30%6	5.38%6	0.616	Oct-06	Quarterly	MBSL CHF
Mont Blanc Summit 5	USD	-1.10%	19.09%	16.10%	13.53%	2.40%	4.80	Aug-08	Quarterly	MBSU USD
Mont Blanc Summit 5	EUR	-1.01%	17.82%	13.68%	12.80%	2.19%	4.94	Jun-08	Quarterly	MBSU EUR
Mont Blanc Summit 5	CHF	-1.16%	15.84%	11.94%	10.79%	2.29%	3.84	Jul-08	Quarterly	MBSU CHF
Mont Blanc All Funds	ALL									MB All

¹ Final Performance.

² Figures from 03/02 to 07/07 refer to Mont Blanc MS USD hedged in GBP.

³ Figures from 05/03 to 06/06 reflect our effective allocation to these strategies within our audited funds, according to their weights and an average applied leverage of 25%.

⁴ Figures from 07/06 to 09/06 refer to Mont Blanc Select USD hedged in EUR/CHF. Launch date of the EUR and CHF classes: October 1st, 2006.

⁵ Figures before inception are based on prior track record of Launch portfolio, assuming 25% leverage.

⁶Peak partners S.A. acting as adviser (the “Adviser”) of Mont Blanc Leveraged Fund (the “Fund”) has calculated an estimate of the monthly returns for the Sub-Fund. It is the intention of the Adviser to produce these estimates during the period of suspension of the official NAV. These estimates are available to shareholders of the Sub-Fund and their advisers for guidance only and should not be deemed an official valuation of the Sub-Fund’s assets. Shares of the Sub-Fund may not be traded on that basis. In calculating these estimates the Adviser will use prices for underlying investments that have been provided by the manager or administrator of the relevant underlying investment fund. Where such prices are not available the Adviser will include estimated prices for the relevant underlying investments which will be determined in good faith using such information as is available to it. The Adviser does not guarantee the accuracy of these estimates nor that when the official calculation of NAV is resumed that it will reflect the value implied by the cumulative impact of the estimates. The Adviser will not be held responsible for the use that any shareholder makes of these estimates, nor for any direct or incidental gains or losses incurred by shareholders as a result of their actions or inaction based on their use of these estimates.

⁷Peak partners S.A. acting as adviser (the “Adviser”) of Mont Blanc Multi-Strategy Fund (the “Fund”) has calculated an estimate of the monthly returns for the Sub-Fund. It is the intention of the Adviser to produce these estimates during the period of suspension of the official NAV. These estimates are available to shareholders of the Sub-Fund and their advisers for guidance only and should not be deemed an official valuation of the Sub-Fund’s assets. Shares of the Sub-Fund may not be traded on that basis. In calculating these estimates the Adviser will use prices for underlying investments that have been provided by the manager or administrator of the relevant underlying investment fund. Where such prices are not available the Adviser will include estimated prices for the relevant underlying investments which will be determined in good faith using such information as is available to it. The Adviser does not guarantee the accuracy of these estimates nor that when the official calculation of NAV is resumed that it will reflect the value implied by the cumulative impact of the estimates. The Adviser will not be held responsible for the use that any shareholder makes of these estimates, nor for any direct or incidental gains or losses incurred by shareholders as a result of their actions or inaction based on their use of these estimates.