Ceres Fund Ltd
   
Offering Memo
Ceres Fund Share Classes etc.
YTD %
Value
(Latest)

Value
(UK Tax)

Value
(SA Tax)
.
(to 31 May 10)
31-May-10
31-Mar-08
 29-Feb-08
Subscription Form
Ceres Fund "A" Low Volatility $
1.48%
 $1,801.10 $1,823.89 $1,855.45
Ceres Fund "B" Aggressive $
1.02%
 $1,948.76 $1,997.77 $2,023.12
Memorandum & Act
Ceres Fund "C" Equity Hedge $
-2.57%
 $1,586.08 $1,635.61 $1,669.06
Ceres Fund "F" High Growth $
-1.37%

$2,101.96

$2,185.00

$2,206.39
Articles
Ceres Fund "H" US Private Equity $
0.03%
 $1,175.58 $1,286.85 $1,282.71
Ceres Fund "J" Alternative GBP
-0.86%
 £1,560.89 £1,771.31 £1,801.07
Agreements
Ceres Fund "K" Alternative Euro
-1.07%
 €1,143.92 €1,255.52 €1,275.29
Ceres Fund "P" Commercial Property £
-0.89%
 £991.07 inception: 1 Dec 2009
Latest Prices
GBP Sterling £1 = US$
.
 $1.4517 $1.9930 $1.9865
Euro €1 = US$
.
 $1.2305 $1.5875 $1.5196
Commentary
GBP Sterling £1 = Euro €
.
 €1.1700 €1.2570 €1.3106
US Dollar $1 = SA Rand R
.
 R7.6900 R8.1085 R7.8225
Contact Details
GBP Sterling £1= SA Rand R
.
 R11.1600 R16.0890 R15.5530
Euro €1 = SA Rand R
.
 R9.46 00 R12.8000 R11.2570
Note: Values marked UK and SA Tax are for client tax year-end calculations