Market Performance to December 2009

	Australian Shares	International Shares	Property	Fixed Interest	Cash
1 month	3.7%	3.6%	3.4%	-0.6%	0.3%
3 months	3.4%	2.1%	-5.0%	0.8%	0.9%
1 year	37.6%	-0.3%	9.6%	2.7%	3.5%
3 years	-0.8%	-10.0%	-23.4%	7.3%	5.9%
5 years	8.3%	-1.0%	-7.5%	6.4%	5.9%

(Fees and Taxes are not taken into consideration for the construction of Market Indices.)

Benchmark Performance of AXIS Portfolios to December 2009

	Conservative	Cautious	Prudent	Assertive	Aggressive
1 year	9.5%	12.3%	14.0%	16.3%	18.8%
3 years	1.6%	-0.3%	-1.7%	-3.7%	-5.5%
5 years	3.7%	3.4%	3.2%	2.8%	2.5%

(Returns are stated as After Fees and Before Taxes.)

Indices:

• Australian Shares: S&P/ASX 300 Accum
• International Shares: MSCI World ex Aust (Net Div ) (AUD)
• Property: ASX 300 Props Trust Acc
• Fixed Interest: (weighted average) Aus – UBS Warburg Composite All Mat; Int – JP Morgan Broad WGBI (AUD)
• Cash: UBS Bank Bill Index

Benchmarks:

• Australian Sector: Mstar PG W Sup Eqty Aust Large Bld Idx
• International Sector: Mstar PG W Sup Eqty World Large Bld Idx
• Property Sector: Mstar PG W Eqty Aust – Real Est Idx
• Fixed Interest Sector: Mstar PG W Sup Global/Aust Bond Idx
• Cash: Mstar PG W Sup Aust Cash Idx

NB: Period returns published that are greater than 1 year are annualised returns.