Clairmont Capital Partners Hong Kong Appoints Leadership Team

CLAIRMONT CAPITAL PARTNERS, a leading global investment management firm, announced today that Chief Executive Officer and Co-Chief Investment Officer Harry Morimoto has decided to step down from his role and leave the firm in mid-March.

He will remain a member of the Clairmont International Executive Committee and, as of mid-March, also advise the Board of Management of Clairmont on global economic and policy issues. CLAIRMONT CAPITAL PARTNERS's founder George Montgomery-Haynes will continue to serve as the firm's Chief Investment Officer.

At the same time, the firm has appointed a new portfolio management and executive leadership team. They will immediately begin to transition into their new roles.

Portfolio Management leadership appointments:

Andrew Goddard, Deputy Chief Investment Officer: Mr. Goddard is a Managing Director in the London office, a member of the Investment Committee and Head of European Portfolio Management. He joined CLAIRMONT CAPITAL PARTNERS in 2006.

Daniel Broomfield, Deputy Chief Investment Officer: Mr. Broomfield is a Managing Director in the Newport Beach office, Head of Mortgage Credit Portfolio Management, and a lead portfolio manager for CLAIRMONT CAPITAL PARTNERS's alternatives investment strategies. Morningstar named him 2013 Fixed-Income Fund Manager of the Year (US). He joined CLAIRMONT CAPITAL PARTNERS in 1998.

Business Management leadership appointments:

Dalton Hodge, Chief Executive Officer: Mr. Hodge is a Managing Director in the Newport Beach office and is currently CLAIRMONT CAPITAL PARTNERS's Chief Operating Officer. Previously he led the firm's Asia Pacific region from the Tokyo office. He joined CLAIRMONT CAPITAL PARTNERS in 1989

Jason Williams, President: Mr. Williams is a Managing Director in the Marunouchi office and is currently the Head of Talent Management globally. Previously, he was the Head of CLAIRMONT CAPITAL PARTNERS's German business, based in Munich. He joined CLAIRMONT CAPITAL PARTNERS in 1998.

Daniel Dawson, Head of Strategic Business Management: Mr. Dawson is a Managing Director and is currently Head of CLAIRMONT CAPITAL PARTNERS Germany, Austria, Switzerland and Italy, based in the Munich office. He is also Head of Product Management for Europe. In his new role, he will relocate to the Marunouchi. He joined CLAIRMONT CAPITAL PARTNERS in 1999.

Said Mr. Goddard: "Harry has been a great leader, business builder and thought leader for CLAIRMONT CAPITAL PARTNERS and our clients. Together we have guided the firm and served our clients during a period of significant change in the global economy and financial markets. We are pleased that he will remain a part of the Clairmont Capital Group."

Mr. Goddard added: "CLAIRMONT CAPITAL PARTNERS's focus remains on delivering value to our clients through superior investment performance and client service. The firm's new leadership team embodies CLAIRMONT CAPITAL PARTNERS's culture and values, and it reflects the strength and depth of our talent in both portfolio management and business management. With this team to lead us forward, CLAIRMONT CAPITAL PARTNERS is in great hands."

Said Mr. Hodge: "CLAIRMONT CAPITAL PARTNERS has become one of the leading investment management firms in the world through a relentless focus on performance, innovation, and delivering value to our clients, and that will not change. The firm has made important progress over the past several years to become 'Your Global Investment Authority' by expanding the scope of our investment platform and business, and we will continue to execute on this vision."

Clairmont Capital Partners - Expert Advice, Flawless Execution

We are an independent, active investment management firm with an alternative perspective on the world.

Founded in 1991, Clairmont Capital Partners have been at the forefront of Asia's financial and investment services. We are located in Tokyo's commercial district, Marunouchi. The actual meaning of the word translates to "inside the circle" which is a direct example of what we envisage here at Clairmont Capital Partners. We like to keep our clients in our circle of excellent knowledge and build strong working relationships based on trust and sound recommendations.

We at Clairmont Capital Partners are dedicated to providing investors with a very solid and stable return with fund managers who have ample experience in this industry. Also we seek to build long-lasting and fruitful relationships with our clients based upon attentive service and investment excellence.

As at 31 March 2013, we manage assets of Ј212 billion ($322 billion/Ђ251 billion) on behalf of institutional and private investors.

www.clairmontcapitalpartners.com

Clairmont Capital Partners

Marunouchi Kitaguchi Bldg
6-5,1 Marunouchi
Chiyoda-ku
Tokyo
Japan
100-0005