1. 1 STATE STREET INVESTMENT ANALYTICS Suffolk County Council Performance Review Period Ending March, 2012 Wednesday 25 th July 2012

2. 2 STATE STREET INVESTMENT ANALYTICS Agenda Section 1 – Total Fund Performance versus Strategic Benchmark Section 2 – Total Fund Performance versus WM Local Authority Universe This document has been produced for general information only and solely for client use and it may not be copied, reproduced, distributed, published, transmitted, stored in a retrieval system or relied upon by any other person without WM's prior written consent. Except as and where expressly mandated, no representation is given in respect of the information in this document and the reporting sent herewith and no responsibility is accepted by State Street Corporation and its affiliates (including WM and the State Street Investment Analytics division) for any losses or actions or omissions taken by any party in reliance of the same and the results obtained from its use. All statistics quoted are sourced by the State Street Investment Analytics division unless otherwise stated. All rights reserved.

3. 3 DIVISION NAME OR PRODUCT Section 1 Total Fund Performance versus Strategic Benchmark

4. 4 STATE STREET INVESTMENT ANALYTICS Fund Structure as at end March 2012 Manager % of Total FundMandateBenchmark Performance Target (* net of fees) Legal & General29Multi Asset PassiveCompositen/a Alliance Bernstein11UK EquitiesFTSE All Share+2.5* BlackRock9UK EquitiesFTSE All Share+2.0 JP Morgan14Global EquitiesMSCI AC World NDR+3.0 Newton13Global EquitiesMSCI AC World NDR+2.5 Aberdeen7BondsComposite+0.75* Schroders10PropertyIPD UK Property Pooled+0.75* Internally Managed4Private EquityFTSE World- Millenium2Active CurrencyFTSE 100- KKR0Infrastructure-- Partners0Infrastructure-- Millenium0Currency Overlay--

5. 5 STATE STREET INVESTMENT ANALYTICS Performance Summary

6. 6 STATE STREET INVESTMENT ANALYTICS Long Term Performance

7. 7 STATE STREET INVESTMENT ANALYTICS Performance Attribution for year ending March 2012

8. 8 STATE STREET INVESTMENT ANALYTICS Manager Performance Manager % of Total FundMandate 1 Year Relative Return % 3 Year Relative Return % p.a. Performance Target (* net of fees) Legal & General29Multi Asset Passive-0.5-0.2n/a Alliance Bernstein11UK Equities-3.3-4.0+2.5* BlackRock9UK Equities-2.0+0.5+2.0 JP Morgan14Global Equities-1.8+0.7+3.0 Newton13Global Equities-4.1-3.8+2.5 Aberdeen7Bonds-1.2+1.7+0.75* Schroders10Property-0.3-1.1+0.75* Internally Managed4Private Equity+1.7-17.3- Millenium2Active Currency-2.6-4.8- KKR0Infrastructure--- Partners0Infrastructure---

9. 9 STATE STREET INVESTMENT ANALYTICS Section 2 Total Fund Performance versus WM Local Authority Universe

10. 10 STATE STREET INVESTMENT ANALYTICS Long Term Annual Performance vs. WM Local Authority Universe

11. 11 STATE STREET INVESTMENT ANALYTICS Annual Attribution vs. WM Local Authority Universe

12. 12 STATE STREET INVESTMENT ANALYTICS Contact details for further information Nicola Dinnie – Client Manager State Street Investment Analytics 525 Ferry Road, Edinburgh EH5 2AW 0131 315 5427 NDinnie@StateStreet.com