SST - Lazard Australian Equity l Class Pension - Managed Fund (Closed)

The objective of the SST - Lazard Australian Equity l Class Pension managed fund is The Fund seeks to achieve total returns (including income and capital appreciation and before the deduction of fees and taxes) that exceed those of the S&P/ASX 200 Accumulation Index ('the benchmark') over the long term.

The strategy of the SST - Lazard Australian Equity l Class Pension managed fund is The investment strategy of the Fund is to provide investors with access to companies listed on the Australian Securities Exchange that Lazard believes are out of favour and trading below their intrinsic value. The number of stocks will generally range from 25 to 45 which mean Lazard makes active investment decisions as to which stocks the Fund holds.

The APIR code of the SST - Lazard Australian Equity l Class Pension managed fund is SSP0042AU.

SST - Lazard Australian Equity l Class Pension’s total return last month was 2.79%. This was made up of a growth return of 2.79% and an income return of 0%. These returns were calculated as at 31 Oct 2012.

SST - Lazard Australian Equity l Class Pension’s total return for the last three months was 10.02%. This was made up of a growth return of 10.02% and an income return of 0%%. These returns were calculated as at 31 Oct 2012.

SST - Lazard Australian Equity l Class Pension’s one-year total return is 15.04%. This was made up of a growth return of 15.04% and an income return of 0%. These returns were calculated as at 31 Oct 2012.

SST - Lazard Australian Equity l Class Pension’s one-year total return is 7.17%. This was made up of a growth return of 7.17% and an income return of 0%. These returns were calculated as at 31 Oct 2012.

The asset allocation of the SST - Lazard Australian Equity l Class Pension managed fund is :

The Responsible Entity for the SST - Lazard Australian Equity l Class Pension managed fund is Statewide Superannuation Trust.

The SST - Lazard Australian Equity l Class Pension managed fund belongs to the Equity Australia Large Value sector/asset class.

As at 31 Oct 2012, the size of the SST - Lazard Australian Equity l Class Pension managed fund was $0.13 million.

The SST - Lazard Australian Equity l Class Pension managed fund has an inception date of 14 Nov 2007.

The current entry price of the SST - Lazard Australian Equity l Class Pension managed fund is $1.0409 per unit and the current exit price is $1.0367 per unit (as at 7 Nov 2012).

The current exit price of the SST - Lazard Australian Equity l Class Pension managed fund is $1.0367 per unit and the current entry price is $1.0409 per unit (as at 7 Nov 2012).

The minimum initial investment amount for the SST - Lazard Australian Equity l Class Pension managed fund is $20,000.