TOWER Global Commodity Fund

TOWER Global Commodity Fund could suit Liontamer COMBI Series 2 investors

Tony Hildyard, CEO of TOWER Investments, today suggested that advisers to investors in the Liontamer COMBI Series 2 commodity fund could consider the TOWER Global Commodity Fund as an alternative for their clients when the COMBI product is wound up on 20 June 2006.

“The TOWER Global Commodity Fund represents another option for COMBI Series 2 investors who want to maintain their exposure to commodities but perhaps want a more flexible means for accessing the asset class,” said Mr Hildyard.

“Until the TOWER Global Commodity Fund came onto the market in April of this year, local investors were somewhat limited in ways to access diversified commodities, but this has now changed.”

“In contrast to closed-ended, finite-term structured commodity offerings previously available, the TOWER Global Commodity Fund is open-ended, with daily liquidity and unit pricing, and no exit fees.”

“Investors can have more control over their commodities exposure through the TOWER Global Commodity Fund - they can decide along the way whether to increase or decrease their investment and they can withdraw altogether without penalty.”

“More notably, the TOWER Global Commodity Fund has no cap on investor profits,” he said.

“The TOWER Global Commodity Fund is offered through wrap accounts and other custodial services, and therefore COMBI Series 2 investors interested in the TOWER Global Commodity Fund should contact their financial adviser or stockbroker about how best to access this innovative commodities fund.”

The TOWER Global Commodity Fund provides collateralised exposure to a diversified and annually rebalanced portfolio of 19 of the world’s most important commodities as represented by the Dow Jones-AIG Commodity Index Total Return (See accompanying table).

The underlying manager is Pacific Investment Management Company (PIMCO), which is the world’s largest collateralised commodities manager with approximately $US 14 billion in the fund sector as at the end of April 2006.

ENDS

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