1. Harmony Portfolios Asset allocation and benchmarks February 2010

2. 2 Harmony Benchmarks Harmony Balanced funds Harmony Growth funds Global Equity12%18% Local Equity18%32% 30%50% Emerging Market Debt 10%5% Government Debt35%25% 45%30% Global Property10% Cash15%10% 100%

3. 3 Balanced fund Benchmarks Weight Harmony Asian Balanced Harmony Euro Balanced Harmony Sterling Balanced Harmony US Dollar Balanced Global equity12%MSCI World NR MSCI World ex EMU NR USD MSCI World ex UK NR USD MSCI World ex USA NR USD Local equity18% MSCI AC Asia ex Japan NR USD MSCI Europe ex UK NR USDFTSE All Share TRS&P 500 TR 30% Emerging market debt10%JP Morgan EMBI+ Government debt35% Citigroup United States WGBI TR Citigroup European WGBI TR Citigroup United Kingdom WGBI TR Citigroup United States WGBI TR 45% Global property10% FTSE EPRA/NAREIT Developed CR Cash15%LIBID USD 7 DaysLIBID EUR 7 DayLIBID GBP 7 DayLIBID USD 7 Day Total100%

4. 4 Growth fund Benchmarks Weight Harmony Asian Growth Harmony AUD Growth Harmony Sterling Growth Harmony US Dollar Growth Global equity18%MSCI World NR MSCI World ex UK NR USD MSCI World ex USA NR USD Local equity32% MSCI AC Asia ex Japan NR USD ASX All Ordinaries TRFTSE All Share TRS&P 500 TR 50% Emerging market debt5%JP Morgan EMBI+ Government debt25% Citigroup United States WGBI TR Citigroup Australia WGBI TR Citigroup United Kingdom WGBI TR Citigroup United States WGBI TR 30% Global property10% FTSE EPRA/NAREIT Developed CR Cash10%LIBID USD 7 DaysLIBOR AUD 1 MonthLIBID GBP 7 DayLIBID USD 7 Day Total100%

5. 5 Asset Allocation – February 2010 Balanced Growth Alpha Asset classStrategicTacticalStrategicTacticalStrategicTactical Domestic Equity18%17%32%29%40%39% International Equity12%13%18%21%23%26% Domestic Bonds30%31%21% 15% International Bonds5%0%4%0%3%0% Alternative Fixed Income10%18%5%12%4%8% Fund of Hedge Funds5%9%5%6%4% Property10%8%10%8%7%6% Cash10%4%5%3%4%2% 100% International equity refers to both developed and emerging market equity. At the moment our preferred split is 95% developed markets and 5% emerging markets. Domestic bonds refers to investment grade corporate as well as government bonds. At the moment our preferred split is 70% non-government investment grade and 30% government bonds. Alternative fixed income includes exposure to emerging market debt, global high yield and global convertible bonds.