Fidante Partners Expandsucits Platform with Launch of Perella Weinberg Partners Ucits Fund

CONFIDENTIAL DRAFT

FIDANTE PARTNERS EXPANDSUCITS PLATFORM WITH LAUNCH OF PERELLA WEINBERG PARTNERS UCITS FUND

FOR UK PRESS ONLY – NOT FOR DISTRIBUTION TO INVESTORS

4May 2016, London – Fidante Partners (“Fidante”)announced today the planned launchof the Perella Weinberg North American Equity Long Short Fund on the Fidante Partners Liquid Strategies UCITS platform. The fund is expected tolaunch in May, subject to regulatory approval, and will be managed by Perella Weinberg Partners Capital Management LP (“Perella Weinberg”).

The new fund combines a long short equity strategy with an event driven portfolio to provide diversification and enhance returns. This is the second fund to join the Fidante Partners Liquid Strategies platform, following the launchinJuly last year of the Keynes Dynamic Beta Strategy Fund managed by Wadhwani Asset Management LLP.

The long short portfolio typically holds between 30 and 50 positions on the long side and between 20 and 30 positions on the short side. The event driven portfolio will typically have between 10 and 20 positions in announced, hard catalyst transactions and will normally represent between 25 and 60% of the overall gross exposure of the fund. The portfolio invests in large and mid-cap stocks.

The Fund’s objective is to achieve positive returnswhilst maintaining a low net exposure to equity markets, which typically ranges between -10% and +35%. It is targeting a return of 8-10% per annum (net of fees) with a volatility target of 6-8% per annum.

The fund is managed by a team of four led by David Baker, a 30-year industry veteran who has overseenthe strategy since inception in 2005, producing positive returns in each of the last eleven calendar years.

David Baker, Portfolio Manager of the Perella Weinberg North American Equity Long Short Fund, said:

“By combining a core equity long short portfolio with an opportunistic event driven portfolio, weare aiming to generate strong risk-adjusted returns in a range of market conditions.Maintaining a low net exposure to equity marketshas the additional benefit of giving the portfolio a low correlation to the market, thereby reducing risk. Our strategy has performed well since its launch. We believethis reflects the combination of a fundamental approach to stock selection and an active trading overlay, which aims to generate alpha in long and short portfolios as well as the event driven.

We are pleased to be working with Fidante Partnersto bring our investment strategy to UK and European investors.”

Magnus Spence, Head of Productat Fidante Partners, commented:

“European investors are increasingly focussed on investing in strategies which have low correlations to equity markets. David and his team have a proven record of producing strong risk-adjusted returns in a range of market conditions while maintaining a low net exposure. At a time when equities are approaching all-time highs in spite of ongoing economic and political uncertainty, we believe this fund will be a valuable addition to investors’ portfolios.As such we are excited to be partnering with Perella Weinberg.”

The Fundwill have daily liquidity and will carry a management fee of 1.0% and a performance fee of 17.5%. For those investors who subscribe to the fund within the first month following launch, the management fee and performance fee will be reduced to 0.75% and 10% respectively.

The Fund will be primarily marketed to institutional and wholesale investors. The Fund will not be marketed to retail investors.

Notes to Editors

FIDANTE PARTNERS

Fidante Partners is an investment management company that partners with specialist asset management firms to deliver compelling opportunities to an international investor base. Its deep understanding of what drives investor decision-making and which strategies are compelling in today’s environment means they can provide access to high quality products across a variety of strategies.

Fidante Partners supports 15 specialist asset managers, located in Australia and the UK, managing US$30.3 billion (as at 31 December 2015) across numerous asset classes including fixed income, equities and alternative asset strategies.

Fidante Partners is fully owned by Challenger Limited in Australia, an ASX-listed investment management firm established in 1985 with a market cap of US$3.6bn and AUM of US$42.0bn (as at 31 December 2015).

PERELLA WEINBERG PARTNERS