FOR INSTITUTIONAL AND INVESTMENT PROFESSIONAL USE ONLY

Equity Trustees Limited ("Equity Trustees") (ABN 46 004 031 298). AFSL 240975, is the Responsible Entity for the Trusts. Equity Trustees is a subsidiary of EQT Holdings Limited [ABN 22 607 797 615], a publicly listed company on the Australian Securities Exchange [ASX: EQT). MFS International Australia Pty Ltd ("MFS Australia") [ABN 68 607 579 537]. AFSL 485343 is the Investment Manager for the Trust and is regulated by the Australian Securities and Investments Commission.

This material has been prepared by MFS Australia to provide you with general information only. In preparing this material, MFS Australia did not take into account the investment objectives, financial situation and particular needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither MFS Australia, Equity Trustees nor any of their related parties, their employees or directors, provide any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it. Investment involves risk. Past performance should not be taken as an indicator of future performance. You should consider the Product Disclosure Statement ("PDS"] before making a decision about whether to invest in this product. The PDS can be obtained by contacting MFS Australia or from www.mfs.com. The Trusts' Target Market Determination is available by visiting www.eqt.com.au/insto. A Target Market Determination is a document which describes who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where Equity Trustees may need to review the Target Market Determination for this financial product. Any securities and/or sectors mentioned herein are for illustration purposes and should not be construed as a recommendation for investment. The information contained herein may not be copied, reproduced or redistributed without the express consent of MFS Australia. While the information is believed to be accurate, it may be subject to change without notice. Except in so far as any liability under any law cannot be excluded, MFS Australia does not accept liability for any inaccuracy or for the investment decisions or any other actions taken by any person on the basis of the material included. MFS Australia does not authorise direct distribution to retail investors.

Unless otherwise indicated, logos, product and services names are trademarks of MFS and its affiliates and may be registered in certain countries