Investment Returns and Interim Earning Rates

(As at 23 August 2008)

Investment Option	Investment Returns Financial Year to Date (FYTD) 1 July 2008 to 31 July  2008	Interim Earning Rates (Annualised)
All Shares	-2.4%	-12.7%
High Growth	-1.8%	-8.8%
Capital Growth	-1.1%	-4.6%
Managed Growth	-0.6%	-1.6%
Socially Responsible Investment	-1.8%	-8.8%
SRI Growth	-1.5%	-6.9%
Managed Stable	0.0%	1.7%
Cash Plus	0.6%	5.3%

Investment Returns - Financial Year to Date (FYTD)

The FYTD investment returns are the estimated returns for each investment option for the current financial year.  The performance of the investment options is measured by the investment returns.

Interim Earning Rates

The Trustee Board reviews the interim earning rates in consultation with the Fund's Investment Advisor and applies the rates to members in a position to take their benefit from the Fund, e.g. retirement, resignation transfers, or switching your investment option.  The interim earning rate is net of estimated taxes and investment fees.

The Trustee reserves the right to change the interim earning rates with the movement of the investment returns.