STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2016 The is a equity mutual fund domiciled in Trinidad and Tobago. It manages an estimated $5.1 billion (TTD) in assets (as at 2016-12-31). (Expressed in Trinidad and Tobago Dollars) According to the fund's prospectus, its investment objective is "to hold the Initial Assets (40,072,299 Reputable Bank Limited ("RBL") Shares representing 25% of the issued share capital of RBL and the Trinidad and Tobago Government Securities with aggregate face value of aggregate face value of $702,866,700. TTD) and the Additional RBL Shares (additional RBL shares acquired in accordance with the fund's trust deed], for a period of ten (10) years. These assets will be in the form of Note 2016 2015 Investment income Dividend income 174,314,501 30,111,762 174,314,501 Interest income 30,258,074 1. The RBL Shares 2. The Government Securities Total investment income 204,572,575 204,426,263 The Fund is not a performance driven fund hence this investment objective will not change. The Fund does not have the power to borrow cash or provide a security interest over any of the assets of the Fund. Expenses Fees and expenses 9. 2,987,712 2,826,516 Total expenses 2,987,712 2,826,516 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2016 (Exprossed in Trinidad and Tobago Dollars) Net income 201,584,863 201,599,747 2016 2015 Other comprehensive income Notes Assets 125,135,202 5,087,501,844 16,106,063 S317,946 Items that may be reclassified subsequently to profit or loss: Unrealised loss on revaluation Cash and cash equivalents Available-for-sale financial assets 124,299,968 4,920,079,312 4 Held-to-maturity financial assets Interost receivable 16,640,499 5,242,021 (167,422,532) (389,230,769) Total comprehensive income/(loss) 34,162,331 (187,631,022) Total assets 5.066,261,80C 5,234,061,0oss Liabilities Aconued expenses 1,473,494 1,475,O80 1,473,494 1,475,O80 Equity Capital account Undistributed income Investment revaluation reserve 5,100,000,000 144,708,995 (179,920,689) 5,100,000,000 145,084,132 (12,498,157) 5,064,788,306 5,232,585,975 Total liabilities and equity 5,066,261,800 5,234,061,055 Number of units 204,000,000 204,000,000 Net ansets value per unit $24.83 $25.66