Cessation of AIMS Absolute China Certificate

With effect from the 31st Dec 2006 the AIMS Absolute China Certificate will cease to operate, after having returned 105% (25% annualized returns) in USD terms over a 3 1/2 year period. This was a joint venture with ABN AMRO, who marketed this structured product mostly to German retail investors, while AIMS provided the underlying long/short Greater China investment strategy.

The "Strategy Agent Agreement" between AIMS Asset Management and ABN AMRO, under which AIMS advised ABN AMRO on the investment strategy, provides that the departure of any principal (i.e. Terry Wainwright, David Crichton-Watt, or Christofer Rathke) would enable, but not oblige, ABN to terminate the agreement. In October 2005, one of the principals, Christofer Rathke, ceased employment at AIMS. In December 2006 ABN AMRO elected to terminate the "strategy agent agreement", citing the departure of this principal. AIMS regrets any inconvenience caused to investors but would be happy to discuss alternative opportunities to invest in China.

As of 1st July 2007 AIMS is continuing the strategy underlying the AIMS Absolute China Certificate within a newly launched hedge fund - the AIMS Absolute China Fund. Terry Wainwright, previously the manager of the certificate, will manage the fund with the help of Thomas Lim. GK Goh, a leading listed securities firm in Singapore, and AIMS itself have seeded the fund with 15m USD.

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