05-06

02-05 06 07 08-11 12-13 14-23 26-29 32-33 36-37 40-45 46-55 56-69 70-75 76-78 79-87 88-106 107-120 121-133 134-143 144-153 154 155-160

2 2005-06 2005-06 2005 6 10 1 10

2005-06 3 2006 3 () 2006 6 100 2005-06 2

4 2005-06 2005-06 17% 2005 7.3% 2005 7 2005-06 215 38% H ()() 39.9% 42.9% 70 1,714 (2004-05 61 817 1,429 (83%) 716 2006 3 1,141 94,160 43% 2005-06 2,950 47%

2005-06 5 2005 800 6% 21% 6,680 2005-06 6 1,300 41% 8 5,200 4 9,700 3 5,500 2006 3 12 2005-06 3 2005-06 12% 2006-07 3% 2006 4 1 2001 2005 4 2005 (Martin Wheatley)

6 2005-06

2005-06 7 1 2 3 41 15 105 32 73 20 18 5 49 38 13 4 4 1. 2004 10 23 2. 2006 3 31 2005 6 62005 10 1 3. 4. 5. 2006 3 31

8 2005-06 2006 3 3111 14 (Martin Wheatley) 2005 10 12008 9 30 2005 6-9 London Stock Exchange 2001-20041998-2004 FTSE International2000, 2002, 2004 Listing Authority Advisory Committee of the Financial Services Authority of England2003-2004 2005 10 12005 10 12005 6 21 2005 6 212005 6 212005 10 1 2005 6 62005 9 302005 10 1 SBS JP 1998 10 1 2005 9 30 2004-2005 1993-1998 1976-19931989 1993 2005 9 302005 9 302005 9 30 2005 9 30

2005-06 9 2001 12 1 2008 2 29 2001 3-111999-20011998-1999 1997-1998 1981-1997 (Alan Linning) ( 2001 11 1 2006 6 6 2006 5 11 2006 6 6 ) 1993-2001 19851988 2003 5 262006 5 25 1985-2003 (2001-2002) 2005 4 12005 6 202005 4 12005 6 202005 4 1 2005 6 20 2004 10 23

10 2005-06 JP ( 1998 8 12006 7 31) GBS JP 2001 11 15 2007 11 14 SBS JP ( 2003 5 26 2007 5 25 ) Winbridge

2005-06 11 GBS JP 2003 11 152007 11 14 INSEAD 2001-2003 SBS JP 2005 1 12006 12 31 2003 2005 4 12005 6 21 2005 4 1 SC 2005 1 12006 12 31 19931997 1995-20042004 2003-20041997-2003 SBS 2005 1 12006 12 31

12 2005-06 187(42%) 12%12.5% 2005-061.4 2006 4 1 358 12% 6.9 25%

2005-06 13 Malcolm Sparrow 25 12 2005 2005 2005 2006 1 2005 910 10

14 2005-06 11 Mr Martin Wheatley 2005 10 1 2005 9 30 2005 5 26 2005 11 15 2005 4 6 2005

2005-06 15 2006 3 2005-06 14 5 83% Martin Wheatley 12 100% 14 100% 12 86% Alan Linning 11 85% 14 100% 13 93% 13 93% 9 64% 11 79% 12 86% 10 71% 87%

16 2005-06 280,700 2005-06 4 4 100% 4 100% 3 75% 92% 350,600 180,000 151,650 81

2005-06 17 2005-06 3 3 100% 3 100% 2 67% 3 100% 2 67% 3 100% 2 67% 86% 2005-06 1 1 100% 1 100% 1 100% 1 100% 1 100% Martin Wheatley 1 100% 100% 2005 9 30

18 2005-06 2000-01

2005-06 19

20 2005-06 12 2000 11 17 2004-05 2005-06

2005-06 21 1990 78 11 1989 230 40,000

22 2005-06 www.sfc.hk 3,900 2006 3390,549 2004 11 8 2005 2000 8 70%

2005-06 23 2005-06 4 100% 2 99.8% 1 enquiry@sfc.hk 4 99.7% 2 2 99.7% 3 7 92% 4 8 87% 4 10 95% 4 15 93% 4 7 82% 4 2 99% 2 100% 7 100% 14 100% 1. 2. 3. 4.

24 2005-06

2005-06 25

26 2005-06

2005-06 27 2005-06

28 2005-06

2005-06 29 2005-06

30 2005-06

2005-06 31

32 2005-06 2005-06 2004-05 2003-04 * 940 (+5%) 891 (+4%) 856 * 9,331.8 (+43%) 6,506.1 (+14%) 5,690.5 21.3 (+37%) 15.5 (+14%) 13.6 86 (-30%) 122 (+4%) 117 1 295 (+18%) 251 (-36%) 393 * 2 1,726 (+15%) 1,506 (+17%) 1,286 5,704 (+16%) 4,915 (+32%) 3,732 13,809 (+12%) 12,275 (+61%) 7,634 * 25,691 (+13%) 22,726 (+11%) 20,510 * 2,667 (+4%) 2,553 (+6%) 2,414 # 668 (+21%) 551 (+3%) 534

2005-06 33 2005-06 2004-05 2003-04 524 (+5%) 501 (-59%) 1,223 98 (+11%) 88 (+13%) 78 72 (-5%) 76 (+27%) 60 1 (-83%) 6 () 0 279 (-3%) 289 (+7%) 270 414,099 (+8%) 385,154 (+2%) 377,173 4,811 (-6%) 4,523 (-16%) 5,382 1,091 (-10%) 1,214 (-3%) 1,252 5 (-44%) 9 (+50%) 6 8 (+60%) 5 (-38%) 8 3 (0%) 3 (-40%) 5 851.5 (+36%) 625.4 (+13%) 551.1 496.9 (+9%) 456.3 (+7%) 425.7 * 413 (+2%) 406 (+4%) 392 * # 2005 2004 2003 12 31 1 2

34 2005-06

2005-06 35

36 2005-06 2005-06 4 6 Dayanath C. Jayasuriya 2005 5 26 6 3 7 15 9 13 5 12 2004-05 5 13 6 29 7 4 8 29 9 30 Mr Martin Wheatley 2005 10 1 9 20 4 22 5 5 5 23 2005 5 26 5 30 Mr Martin Wheatley 2005 6 6 5 31 6 17 6 21 ABF 2005 9 23 9 30 10 1 10 17 2005 05

37 2005-06 10 18 10 27 Mr Martin Wheatley 11 11 2005 11 15 11 25 12 19 12 20 12 21 100% 06 1 10 2006 1 16 2 22 2006 3 7 3 29 3 31

38 2005-06

2005-06 39

40 2005-06

2005-06 41 2005 8 2005 10 2005 11 15 21.3 2005 4 19 20% 21.3 2005 10 21 4,400 1,100 20.61% 25.48% 21.3 12.3 2005 8

42 2005-06 2003 5 2004 12 21 2005 12 31 2005-06 134 114 18% 2005-06 131 3,700 2005-06 103 2003 4 1 8 2005-06 2005-06 86 41 41 13 2006 3 31 11 17 70.2% 2005-06 4 9 2004-05 60.6% 5 41.9% 2004-05 25.4% 2004 3 2005 1

2005-06 43 250 500 2005 3 31 2005 2 2005 2 28 21 5(1)(b)(i) 2003 1 28 2004 3

44 2005-06 2005 2005 10 8 14 2005 9

2005-06 45 2005-06 2004-05 86 122 34 24 15 3 32 32 204 184 5 3 5 5 295 251 1 1 1 2 4 2 0 0 309 3 767 529 105 142 52 134 114 158 130 1. 12.3 2. 16.1 3. 2,080 8

46 2005-06 4427 420 200513 7,700 90%UCITS III 800

2005-06 47 2005 1125,000 2006 3 3125,691 13%1 1 2006 3 31 2005 3 31 411 (394) 7,793 (7,613) 1,220 (1,146) 9,424 (9,153) 3% 115 (113) 380 (377) 63 (54) 558 (544) 3% 22 (11) 1,063 (549) 128 (61) 1,213 (621) 95% 742 (714) 11,974 (10,150) 1,780 (1,544) 14,496 (12,408) 17% 1,290 (1,232) 21,210 (18,689) 3,191 (2,805) 25,691 (22,726) 13%

48 2005-06 2004 3.623% 2000 2005800 2006 2 2006 4 7 2005 6 2006 3 8 2005 9 (Banco Delta Asia S.A.R.L.)

49 2005-06 (Refco Inc.)2005 10 2005 7 44 27 2004 10 30 73 68 43130 20 2004-055 2006 1 6 3350

50 2005-06 2005 6 35%45% 100% 2006 3 31 420 2005 12 XV 5% II ABFABF 2005 62005 6 7 II (EMEAP) 2005

2005-06 51 2 7,50011 200 UCITS UCITS I 2007 2 UCITS III2005 3 2005 12 311,000UCITS III 90% UCITS III 2002 5 2005 5 2005 9 30 2005 6 2005 12 2005 10 2005 4 UCITS III

52 2005-06 2006 4 302005 11 2005 10 2005 11 16% 5,7042 1 54862 2005 12 105 2,444 2 2005 4 1 2006 3 31 113 (119) 5,275 (4,429) 316 (367) 5,704 (4,915) 16% 108 (110) 5,199 (4,316) 318 (317) 5,625 (4,743) 19% 0 0 0 0 0 0 0 0 0% 7 (2) 67 (70) 31 (12) 105 (84) 25% 159 (185) 11,318 (9,874) 499 (663) 11,976 (10,722) 12% 155 (160) 11,224 (9,706) 516 (550) 11,895 (10,416) 14% 0 0 0 0 0 0 0 0 0% 10 (6) 108 (104) 52 (25) 170 (135) 26% 1 2,868

2005-06 53 23% 200515% 3 1 31/12/2005 31/12/2004 2 625,775 609,281 2 72,290 76,546 3 106,798 100,547 4 14,639 15,065 102,724 64,697 96,892 77,134 118,124 60,458 (+38%) 439,177 317,901 155,237 112,728 102,171 56,264 34,480 26,552 67,093 46,883 80,196 75,474 (+38%) 439,177 317,901 31/12/2005 12 31/12/2004 12 5 20,367,924 16,608,214 18,531 17,610 4,526 2,354 6 32,811 28,810 (+15%) 55,868 48,774 7 (46,378) (37,832 ) (-13%) 9,490 10,942 1,657 1,540 (-11%) 11,147 12,482 1. 2. 3. 384 9,600 (2004 273 4,500 4. 31/12/2005 31/12/2004 4.8 4.9 5. 6. 7.

54 2005-06 14010931 21439 4 2006 3 31 2,6672,5535 355241 309 1310 3,800 4 2005-06 2004-05 6 17 7 32 26 20 26 25 6 20 3 4 20 48 1 5 8 6 2 3 2 1 150 280 3 2 3 6 17 16 6 10 9 7 118 201 26 37 439 740

2005-06 55 6,620 5 2005 12 31 21%6,680 6 7 31/3/2006 31/3/2005 1,998 1,942 197 177 37 37 44 45 * 280 274 # 111 78 2,667 2,553 * 122 # 97113 6 2006 3 31 * % % 318 17.3 147,379 22.1 916 49.9 356,731 53.4 111 6.0 37,650 5.6 51 2.8 92,574 13.9 84 4.6 5,528 0.8 28 1.5 8,970 1.3 309 16.8 16,455 2.5 13 0.7 1,038 0.2 # 7 0.4 1,260 0.2 1,837 100 667,585 100 161 1,998 * 2005 12 31 # 7 2006 3 31 * % % 16 59 28 103 5.2 9,374 1.4 51 906 11 968 48.4 455,702 68.2 43 299 8 350 17.5 134,083 20.1 3 33 1 37 1.9 5,109 0.8 3 39 8 50 2.5 32,133 4.8 1 20 5 26 1.3 2,550 0.4 5 12 9 26 1.3 2,683 0.4 38 338 54 430 21.5 24,205 3.6 1 2 5 8 0.4 1,746 0.3 161 1,708 129 1,998 100 667,585 100 * 2005 12 31

56 2005-06 18 72 8498 13 24 57042712

57 2005-06 4942004-05 524 1,018 570448 2005-06 253 162 49 14 27

58 2005-06 32 14 18 2005-061118 11 2005-0632 2522004-05 224 214 2005-06 27 14

2005-06 59 ( 11) 1,170 ( 2) 5,600 (3) 2005-06 1710 15 1 1 15.12.05 1,754,541 2,631,812 4 3 529,940 3 353,293 529,940 3,648,439 3 110,673 2,219,940 3 2 9.8.05 3,422,158 6,844,316 5 11,797,939^ 23,595,878^ 10,543,546^ 5 ( ) 3 * 19.1.06 31,367,553 15,000,000 1,895,044 5 * 5,090,219 1,500,000 758,017 2 442,127 1,000,000 947,522 4 442,127 500,000 758,017 589,502 800,000 947,522 55,370,132 55,151,826 19,498,107 ^ *

60 2005-06 EVI ( 2) 2006 7 11 ) ( 2 1 11.4.05 1 4 * 56,924 2 17.6.05 2 3 18 8,202 3 29.12.05 2 6 2 20,000 25,000 4 10.1.06 1 7 10,054 5 12.1.06 1 4 3 30,000 10,000 6 21.3.06 1 2 12 34,433.33 7 21.3.06 1 2 12 34,433.33 8 21.3.06 1 2 12 34,433.33 10 50,000 213,480 *

2005-06 61 2005-06 ( 3) ( 4) 3 1 28.7.05 1 5,000 5,000 28.7.05 2 10,000 6,000 2 29.9.05 3 7,500 10,000 3 10.11.05 2 10,000 15,000 4 17.11.05 1 5,000 9,975 5 1.12.05 1 2,000 14,533 6 24.1.06 1 6,000 4,716 7 21.3.06 3 15,000 14,420 21.3.06 3 15,000 14,420 17 75,500 94,064 4 1 15.4.05 2 30,000 2,248 2 7.10.05 1 15,000* 9,380 3 8.2.06 1 5,000 2,500 4 50,000 14,128 * 6

62 2005-06 16 ( 5) 2005 5 1 5.5.05 1 3,000 9,671 5.5.05 1 3,000 9,671 2 29.6.05 1 1,500 13,317 29.6.05 1 1,500 13,317 3 22.9.05 3 20,000* 20,000 4 9.3.06 1 3,000 10,686 1 2.6.05 1 10,000 10,000 2.6.05 1 10,000 10,000 2 2.12.05 1 6,000 13,131 1 7.7.05 1 3,000 18,138 2 25.8.05 1 5,000 17,560 3 8.9.05 1 2,000 9,053 4 22.9.05 1 5,000* 5,000 1 1.9.05 1 5,000 5,000 2 8.2.06 1 5,000 2,500 1 22.9.05 1 5,000* 5,000 2 10.11.05 1 2 10,000 1 5,000 Universal Funds and Asset 10.11.05 1 50,000 Management Inc 20 143,000 182,044 *

2005-06 63 2004-054,18510% 2005-06 3,766 1615( 6)91 16 1 ( ) 14.4.05 4 10,000 3,000 14.4.05 4 6,000 2,000 2 5.5.05 2 2,000 5,439 3 26.5.05 4 20,000 8,393 Rhythorth Ltd 26.5.05 2 10,000 4 30.6.05 2 10,000 782 5 Brilliant Path Ltd 8.7.05 1 3,000 11,492 6 4.8.05 10 30,000 18,709 7 25.8.05 2 3,000 10,699 Bioleader Ltd 25.8.05 2 3,000 8 6.10.05 13 13,000 2,265 9 TingKong-RexCapital Holdings Ltd 13.10.05 6 18,000 8,718 Rexcapital Partners Inc 13.10.05 6 18,000 8,718 Tees Corp 13.10.05 6 18,000 8,718 10 3.11.05 10 20,000 3,000 11 3.11.05 4 12,000 3.11.05 4 8,000 17,000 12 Power Assets Enterprises Ltd 9.11.05 2 5,000 9.11.05 2 6,000 3,584 9.11.05 2 4,000 3,585 13 10.11.05 2 5,000 Upflow Holdings Ltd 10.11.05 2 10,000 22,000 14 Bava Ashraf Akathoottu 22.12.05 6 12,000 5,000 15 29.12.05 1 3,000 5,000 16 26.1.06 4 8,000 15,000 26.1.06 4 8,000 5,000 17 10.2.06 2 5,000 2,316 Coupeville Ltd 10.2.06 2 5,000 2,316 Dollar Group Ltd 10.2.06 2 5,000 2,316 18 () 23.2.06 6 12,000 13,876 19 23.2.06 2 4,000 9,098 31 121 296,000 198,024

64 2005-06 ( 7) ( 8) 72 ( ) ( ) 1 29.9.05 1 20,000 11,849 2 27.10.05 1 3 10.11.05 1 10,000 - Universal Funds and Asset Management Inc 10.11.05 1 20,000-4 4 50,000 11,849 ( ) ( ) 1 30.6.05 16 64,000 20,952 1 16 64,000 20,952 1 9.6.05 7 35,000 10,000 9.6.05 7 35,000 5,000 2 14 70,000 15,000

65 2005-06 18 20 2005-06 13 2004-05 ( ) Andrew Barber( )Barber Barber Barber

66 2005-06 ( ) 2004-05 18 2005-06206 8498 2003 2610 30,000140 6,000400,000660 36 13 5133 54 2006-07

2005-06 67 9 1 18.4.05 1,400,000 2 18.4.05 2 3 3.10.05 18 4 7.10.05 9 5 16.11.05 20 6 28.11.05 5 7 14.12.05 () 700,000 8 20.2.06 () 3 9 22.2.06 2 9 10 7.3.06 13 * 11 7.3.06 8 * 12 7.3.06 8 * *

68 2005-06 14 2004-05 10 ( )( ) 2005-0698 ( 2%)

2005-06 69 67( 68%) () 2005-0624 ( ) ()

70 2005-06

2005-06 71 2005 10 H 11 II 25 25 2005 5 25 H 2005 8 2005 11 2006 3

72 2005-06 2006 2 10 H 2005 5 30 2005 7 4 2005 1 XV 10 (SDNet) SDNet ( HKATS ) 2005 8 9 10 SDNet 2006 2007 2005 4 () (i) (ii)

2005-06 73 2005 7 1 1,000 2006 2002 8 SDNet 2005 5 2005 6 1 ( ) () ( )

74 2005-06 2006 3 31 5,126 81 16 7,000 2005-06 559,566 388,320 1,464,218 548,932 2003 2006 3 31 2006 3 10 ( )

2005-06 75 ( ) ( ) 2005 11 2005 12 19 10 2005-06

76 2005-06 ( ) () 5 XV

2005-06 77 388 ( ) 2002 6Gay Giano International Group Ltd 135(1)(a) 139 2005 10 2003 9 25 15,000 (Judge Whaley) 2006 2 2006 12003 2 14 2003 3 31 (Mr Justice McMahon) 2006 3 29

78 2005-06 2005 8Ng Yat Chi ( ) Ng Ng () () 2005 214 (Mr Justice Reyes) 2006 1

2005-06 79

80 2005-06 2005-0636% 8 5,200 (2004-056 2,500) 4 9,700 4 5,600 2005-06 500 2004-05 1 6,900 2005-06 3 5,500 2006 3 12 2005-06 5 800 2.4 2006-07 20%2006-07 2,5002006 3 2006 3 31 413 24 14 () 12 ( ) 2005 4 12005 9 30 6,750,000 337,500 () 6,202,000 6,350,000 2005 10 12006 3 31 () 3,200,000 () 4,028,000 3,383,000 623,000 22,000 441 395 46 431 2002 6 Hay

2005-06 81 ($) ($) ($) ($) 4,000,000 1,000,000 50,000 5,050,000 (Alan Linning) 4,200,000 525,000 12,000 4,737,000 4,000,000 663,000 12,000 4,675,000 (Martin Wheatley)* 1,333,000 303,000 12,000 1,648,000 * 2005 6 62005 9 30 ( ) 3,123,000 2,570,000503,000 50,000 10 2006 4 (XBRL) (FinNet) (B2B) 2005-06 55144 2006

82 2005-06 2006 2006 1 (www.invested.hk) 2006 1 3 12103% 123% 2005 9 112005 29% 90% 2006 () 2005 10010 ( ) 15 94 332

2005-06 83 100 798,000 279 (2004-05289 )45 (43 ) 12 (13 ) 1,061 (1,405 ) 4,811 (2004-054,523 ) 1,091 (1,214 ) 459 (701 ) 145 (183 ) 2005-06 2004-05 255 (-33%) 381 364 (-1%) 367 185 (+14%) 162 32 (-22%) 41 240 (+5%) 228 15 (-57%) 35 1,091 (-10%) 1,214 3,836 (3,673 ) 1,680 (enquiry@sfc.hk) 95% 9 1,375 10 6.5

84 2005-06 2004-052005 ( ) ( ) 36 2010 1 1

2005-06 85 2006 6 5 831 ( 1) 3 ( 3 )3 3 ( 4 ) 4 1 4 4 ( 5 ) 5 ( 2 )2

86 2005-06 5 www.iosco.org 71 18 53 18 186 631 2005-06 2004-05 2003-04 () 18 10 13 4 11 4 () 53 8 34 3 35 2 () 186 631 140 668 103 383 257 649 187 675 149 389

2005-06 87 2005 8 342006 335 2006 5 2003 1 2004 2006 2 2 4019 2005 12

88 2005-06 89106 2006 3 31 2006 5 4

2005-06 89 2006 3 31 2006 2005 $ 000 $ 000 612,512 435,442 196,677 162,325 5 36,278 21,894 3,263 4,066 6 2,753 1,654 851,483 625,381 ------------------------ ------------------------ 7 384,227 357,479 21,432 20,573 13,758 12,972 8 56,563 42,626 20,994 22,670 496,974 456,320 ------------------------ ------------------------ 354,509 169,061 817,245 648,184 1,171,754 817,245 93106

90 2005-06 2006 3 31 2006 2005 $ 000 $ 000 9(a) 17,934 25,258 10 580,962 550,407 598,896 575,665 ------------------------ ------------------------ 10 617,931 294,398 11 47,505 69,656 96,562 58,181 11 2,378 1,692 764,376 423,927 ------------------------ ------------------------ 52,195 36,675 33,343 30,765 85,538 67,440 ------------------------ ------------------------ 678,838 356,487 ------------------------ ------------------------ 1,277,734 932,152 13 63,140 72,067 1,214,594 860,085 15 42,840 42,840 1,171,754 817,245 1,214,594 860,085 2006 5 4 93106

2005-06 91 2006 3 31 2006 2005 $ 000 $ 000 9(b) 17,866 25,012 10 580,962 550,407 598,828 575,419 ------------------------ ------------------------ 10 617,931 294,398 11 47,505 69,656 96,223 57,845 11 1,014 945 762,673 422,844 ------------------------ ------------------------ 52,195 36,675 31,572 29,451 83,767 66,126 ------------------------ ------------------------ 678,906 356,718 ------------------------ ------------------------ 1,277,734 932,137 13 63,140 72,052 1,214,594 860,085 15 42,840 42,840 1,171,754 817,245 1,214,594 860,085 2006 5 4 93106

92 2005-06 2006 3 31 2006 2005 $ 000 $ 000 354,509 169,061 20,994 22,670 (36,278) (21,894) (11) (40) 339,214 169,797 (33,170) (444) 15,520 1,887 3,626 7,813 (8,927) 3,845 316,263 182,898 ------------------------ ------------------------ 34,579 35,539 (758,117) (802,250) 400,517 590,296 (14,718) (13,154) 11 56 (337,728) (189,513) ------------------------ ------------------------ (21,465) (6,615) 71,348 77,963 49,883 71,348 2006 2005 $ 000 $ 000 47,505 69,656 2,378 1,692 49,883 71,348

2005-06 93 2006 3 31 1. II 2. 14394 396 (a) (b) 1994 3 31 3.

94 2005-06 3. (a) (b) 96 97 3 3 5 3 4 4

2005-06 95 3. 96 97 (a) (b) (c) 24

96 2005-06 3. 96 97

2005-06 97 3. 2003 122004 3 2005 4 1 4. 3(3) 5. 2006 2005 $ 000 $ 000 39,790 35,174 (7,429) (13,786) 3,917 506 36,278 21,894

98 2005-06 6. 2006 2005 $ 000 $ 000 1,903 1,003 401 397 11 40 438 214 2,753 1,654 7. 2006 2005 $ 000 $ 000 362,898 337,502 10,520 10,093 10,382 9,464 427 420 384,227 357,479 2006 3 314433973952 462005 3 3143439341 2006 2005 $ 000 $ 000 1,638 1,638 22,885 25,981 2,491 2,200 136 203 27,150 30,022 1,638,0002004/20051,638,000

2005-06 99 7. 2006 2005 $0 $1,000,000 7 10 $3,000,001 $3,500,000 1 $4,000,001 $4,500,000 2 $4,500,001 $5,000,000 3 1 $5,000,001 $5,500,000 1 $5,500,001 $6,000,000 1 $6,000,001 $6,500,000 1 $6,500,001 $7,000,000 1 12 16 2005/200625,512,0002004/2005 25,327,000 (a) 12% 53,000200532,000 5% 4,166 1,627,00020051,287,000 20,000200513,000 5

100 2005-06 7. (b) 2000 12 8. 2006 2005 $ 000 $ 000 6,709 4,328 14,645 12,269 (2,643) 19,528 18,418 253 258 5,852 6,054 4,053 293 5,107 3,020 416 629 56,563 42,626

2005-06 101 9. (a) $ 000 $ 000 $ 000 $ 000 $ 000 $ 000 2005 4 1 35,212 9,576 108,586 20,948 1,456 175,778 6 60 8,416 5,188 13,670 (130) (1,604) (1,734) 2006 3 31 35,218 9,506 117,002 24,532 1,456 187,714 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- 2005 4 1 24,855 7,224 98,852 18,133 1,456 150,520 8,593 814 8,108 3,479 20,994 (130) (1,604) (1,734) 2006 3 31 33,448 7,908 106,960 20,008 1,456 169,780 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- 2006 3 31 1,770 1,598 10,042 4,524 17,934 2004 4 1 30,563 8,770 104,710 20,263 1,456 165,762 5,290 960 4,459 3,198 13,907 (641) (154) (583) (2,513) (3,891) 2005 3 31 35,212 9,576 108,586 20,948 1,456 175,778 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- 2004 4 1 16,897 6,391 88,352 18,629 1,456 131,725 8,597 987 11,083 2,003 22,670 (639) (154) (583) (2,499) (3,875) 2005 3 31 24,855 7,224 98,852 18,133 1,456 150,520 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- 2005 3 31 10,357 2,352 9,734 2,815 25,258

102 2005-06 9. (b) $ 000 $ 000 $ 000 $ 000 $ 000 $ 000 2005 4 1 34,858 9,544 108,586 20,652 1,456 175,096 6 60 8,416 5,121 13,603 (130) (1,604) (1,734) 2006 3 31 34,864 9,474 117,002 24,169 1,456 186,965 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- 2005 4 1 24,627 7,212 98,852 17,937 1,456 150,084 8,475 808 8,108 3,358 20,749 (130) (1,604) (1,734) 2006 3 31 33,102 7,890 106,960 19,691 1,456 169,099 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- 2006 3 31 1,762 1,584 10,042 4,478 17,866 2004 4 1 30,233 8,738 104,710 19,972 1,456 165,109 5,266 960 4,459 3,193 13,878 (641) (154) (583) (2,513) (3,891) 2005 3 31 34,858 9,544 108,586 20,652 1,456 175,096 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- 2004 4 1 16,787 6,385 88,352 18,532 1,456 131,512 8,479 981 11,083 1,904 22,447 (639) (154) (583) (2,499) (3,875) 2005 3 31 24,627 7,212 98,852 17,937 1,456 150,084 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- 2005 3 31 10,231 2,332 9,734 2,715 25,012

2005-06 103 10. 2006 2005 $ 000 $ 000 424,870 209,538 156,092 340,869 580,962 550,407 ------------------------ 362,760 ------------------------ 119,965 255,171 174,433 617,931 294,398 ------------------------ ------------------------ 1,198,893 844,805 3 31 787,630 329,503 411,263 515,302 1,198,893 844,805 3 31 781,237 327,653 406,234 510,122 1,187,471 837,775 2006 3 314.17% 20053.24% 11. 2006 3 313.9% 4.2% 20052.1% 2.33% 2006 3 312005 3 31 12. 2000 11 6FinNet Limited (FinNet)10,00022002 9 11 1,0000.2FinNet FinNet

104 2005-06 12. 2006 3 31 2.2 FinNet FinNet 2006 3 31 13. 20042013 14. 2006 3 31 15. 16. 2006 3 31 2006 2005 $ 000 $ 000 10,471 12,413 11,361 8,801

2005-06 105 17. 2003 7 110 2004 7 12008 7 1 2008 7 1 2006 3 31 2008 6 30 2006 2005 2006 2005 $ 000 $ 000 $ 000 $ 000 31,022 30,278 30,935 29,980 38,555 69,578 38,555 69,491 69,577 99,856 69,490 99,471 2006 3 3121,432,0002005 20,573,000 18. 333 250 333 (a) 242(1) 3,263,000 20054,006,000 2006 3 311,726,0002005 3 311,111,000 (b) 7

106 2005-06 19. (a) 15% 20% (b) (c) 20. 396 2006 220% 2006 21. 2006 3 31 2006 3 31 7 2007 1 1

2005-06 107 2006 3 31 1. 571XII 2003 4 1 2. 109120 3. 2006 3 31 SBS JP SBS JP [2005 6 21] [2005 6 21] [2005 4 1 2005 6 20] 4. 5. 2006 5 4

108 2005-06 109120 XII 2006 3 31 2006 5 4

2005-06 109 2006 3 31 2006 2005 $ 000 $ 000 3 5 73,212 28,668 3 6 144,983 163,914 3 6 11,464 13,279 229,659 205,861 ------------------------ ------------------------ 7 3,263 4,066 65 55 1,125 947 2,469 1,539 4,687 383 1 1 11,610 6,991 ------------------------ ------------------------ 218,049 198,870 353,479 154,609 571,528 353,479 113120

110 2005-06 2006 3 31 2006 2005 $ 000 $ 000 8 1,357,440 1,182,665 8 145,608 122,409 384 17,848 13,731 1,726 1,111 16,434 1,283 9 152,341 81,663 9 9 37,295 1,674,972 1,456,975 766 818 1,674,206 1,456,157 ------------------------ ------------------------ 1,674,206 1,456,157 10 994,718 994,718 10 107,960 107,960 571,528 353,479 1,674,206 1,456,157 2006 5 4 113120

2005-06 111 2006 3 31 2006 2005 $ 000 $ 000 4 1 1,456,157 962,209 218,049 198,870 295,078 3 31 1,674,206 1,456,157 113120

112 2005-06 2006 3 31 2006 2005 $ 000 $ 000 218,049 198,870 (73,212) (28,668) 4,687 383 17,717 (139) (615) 667 (52) 752 166,574 171,865 ------------------------ ------------------------ (3,331,795) (2,729,479) (99,990) 3,146,281 1,692,647 641 278 51,691 21,582 (133,182) (1,114,962) ------------------------ ------------------------ 295,078 295,078 ------------------------ ------------------------ 33,392 (648,019) 118,958 766,977 152,350 118,958 2006 2005 $ 000 $ 000 152,341 81,663 9 37,295 152,350 118,958

2005-06 113 2006 3 31 1. 23880 2003 4 1 244 150,000 2. 10 76(11) 3.

114 2005-06 3. (i)(ii) (iii)

2005-06 115 3. (i) (ii) (iii) (iv)

116 2005-06 3. (i) (ii) (iii) 3 150,000

2005-06 117 3. (i) (ii) (iii) 2003 122004 3 2005 4 1 4. 14 5. 2006 2005 $ 000 $ 000 47,985 20,080 (1) 44 5,578 (2,252) 24,467 22,632 (4,817) (11,836) 73,212 28,668

118 2005-06 6. 2003 4 123 20052005 10 28 14 102005 2005 11 112005 12 19 7. 2002 9 III XII 2006 3 31 3,263,000 (20054,066,000 8. 2006 2005 $ 000 $ 000 (a) (i) 385,850 654,186 971,590 528,479 1,357,440 1,182,665 (ii) 695,808 580,646 442,602 295,638 156,279 254,587 62,751 51,794 1,357,440 1,182,665 (iii) 2006 3 31 4.88% 20053.78% (b) 145,608 122,409

2005-06 119 9. 2006 3 313.8% 4.72%(20051.98% 2.8%) 2006 3 312005 3 31 10. 10 74(2) 75(2)2003 4 1 2006 3 31 994,718,000 (2005994,718,000107,960,000 (2005107,960,000 11. 6 7 10) 12. (i) AAA 15% 20% (ii) (iii) (iv)

120 2005-06 13. 900,0002005 3 31 900,000 14. 10 75(9) 82 10 75(11) 2003 4 12006 3 312006 3 31158,013102006 3 31 2006 4 3932,010 51,583 15. 2006 3 31 2006 3 31 7 2007 1 1

2005-06 121 2006 3 31 1. 333X 2003 4 1 X 10 74 2. 123133 3. 2006 3 31 SBS JP [2005 6 21] [2005 4 1] [2005 4 1] [2006 4 1] [2005 4 1 2005 6 20] [2006 3 31] 4. 5. 2006 4 26

122 2005-06 123133 99 2006 3 31 2006 4 26

2005-06 123 2006 3 31 2006 2005 $ 000 $ 000 3 5 1,792 955 3 6 2,384 14,673 1 3 9 5,202 4,177 20,830 ------------------------ ------------------------ 9 2,005 30 37 1 29 10 23 2 2 2,048 91 ------------------------ ------------------------ 2,129 20,739 7,455 (13,284) 9,584 7,455 127133

124 2005-06 2006 3 31 2006 2005 $ 000 $ 000 6 721 7,793 91 36 57,236 47,028 14 52 58,062 54,909 ------------------------ ------------------------ 7 4,254 4,291 3 9 2,553 1,492 6,807 5,783 ------------------------ ------------------------ 51,255 49,126 ------------------------ ------------------------ 51,255 49,126 46,100 46,100 11 353,787 353,787 3,500 3,500 300,000 300,000 330,000 330,000 12 3,002 3,002 9,584 7,455 1,045,973 1,043,844 13 (994,718) (994,718) 51,255 49,126 2006 4 26 127133

2005-06 125 2006 3 31 2006 2005 $ 000 $ 000 4 1 49,126 323,815 2,129 20,739 (350) (295,078) 3 31 51,255 49,126 127133

126 2005-06 2006 3 31 2006 2005 $ 000 $ 000 2,129 20,739 (1,792) (955) () 7,072 (542) () 1,061 (8,053) (37) (231) 8,433 10,958 ------------------------ ------------------------ 90,500 67,763 1,737 5,665 1,737 163,928 ------------------------ ------------------------ (350) (295,078) (295,428) ------------------------ ------------------------ 10,170 (120,542) 47,080 167,622 57,250 47,080 2006 2005 $ 000 $ 000 57,236 47,028 14 52 57,250 47,080

2005-06 127 2006 3 31 1. X 800 1998 150,000800 2003 4 1 2003 3 31 242 11210 74 X 2. 2003 4 150,000 (2005

128 2005-06 2. 1012 2003 4 1 3. (i)(ii) (iii) 118 107 800

2005-06 129 3. (i) (ii) (iii) 11210 74(4) 2003 4 1 1998 11 113 800

130 2005-06 3. (i) (ii) (iii) 2003 122004 3 2005 4 1 4. 87 5. 2006 2005 $ 000 $ 000 1,792 3,110 (2,155) 1,792 955

2005-06 131 6. 2006 3 31 7. 8. 50,000 106 2006 3 318 (20052005 3 31 46 9. 2006 2005 $ 000 $ 000 1,492 9,545 (944) (2,851) 2,005 (5,202) 2,553 1,492

132 2005-06 10. 107 800 2006 3 3116,361,000107 70,096,000 2006 2005 $ 000 $ 000 109(3)800 99,091 99,091 800 (29,019) (27,554) 16,385 16,385 (16,361) (16,360) 70,096 71,562 10 74(3) 11. 19921994 12. 2000 113,002,000 13. 2003 4 1 10 74(2)2003 4 1 2003 4 1 2006 3 31 994,718,000 14. 8 10 11 13)

2005-06 133 15. 16. 109800 2,400(20055,600 17. 2006 3 31 2006 3 31 7 2007 1 1

134 2005-06 2006 3 31 1. ( 250 ) VIII 2003 4 1 VIII 10 75 10 75(9) 2006/07 10 2. 136143 3. 2006 3 31 SBS JP [2005 6 21] [2005 4 1] [2005 4 1 2005 6 20] 4. 5. 2006/07 2006 4 26

2005-06 135 136143 77 2006 3 31 2006 4 26

136 2005-06 2006 3 31 ( ) 2006 2005 $ 000 $ 000 3 18 2 3 549 567 2 ------------------------ ------------------------ 20 25 1 9 9 1 1 30 36 ------------------------ ------------------------ 537 (34) 108,228 108,262 108,765 108,228 140143

2005-06 137 2006 3 31 2006 2005 $ 000 $ 000 983 488 1 4 984 492 5 179 224 805 268 ------------------------ ------------------------ 805 268 108,765 108,228 6 (107,960) (107,960) 805 268 2006 4 26 140143

138 2005-06 2006 3 31 ( ) 2006 2005 $ 000 $ 000 4 1 268 302 537 (34) 3 31 805 268 140143

2005-06 139 2006 3 31 ( ) 2006 2005 $ 000 $ 000 537 (34) (18) (2) (45) (3) 474 (39) ------------------------ ------------------------ 18 2 18 2 ------------------------ ------------------------ 492 (37) 492 529 984 492 2006 2005 $ 000 $ 000 983 488 1 4 984 492

140 2005-06 2006 3 31 ( ) 1. VIII 2003 4 1 2003 3 31 242 8910 75(1) VIII 10 75(4)2003 4 22003 10 3 2003 4 1 2. 2003 4 1 100,000 2003 1210 75(3) 2003 4 1

2005-06 141 3. 2006/07 95

142 2005-06 3. (i) (ii) (iii) 2003 122004 3 2005 4 1 4. 87 5. 6. 2003 4 1 10 75(2)2003 4 1 2003 4 12006 3 31 107,960,0002005 3 31107,960,000 7.

2005-06 143 8. 9. 2005 10. 10 75(9)82 10 75(11) 2003 4 12006 3 312006 3 31 158,013102006 3 31 2006 4 3932,01051,583 2006/07 11. 2006 3 31 2006 3 31 7 2007 1 1

144 2005-06 SBS JP 2005 9 30 (Martin Wheatley) 2005 10 1 4 (Thaddeus Beczak) 2005 6 1 SBS JP BBS JP JP2005 5 31 (%) 81% JP2005 5 31 (Jack Maisano) 2005 6 1 (Blair Pickerell) (Peter Sullivan) 2005 6 1 2005 6 1 2005 5 31 2005 6 1 (Kevin Westley) (Stephen Clark) SBS JP (David Graham) (Nicholas Allen) (Jim Baird) (Ian Boyce) (Malcolm Brown) (Julia Charlton) 2005 10 1 2005 4 1 2005 10 1 SBS JP JP 2005 10 1 2005 10 1 JP (John Lees) 2006 3 31 2005 4 1 (John Maguire) (Gavin Nesbitt) (Nicholas Norris) 2005 4 1 2005 4 1 (Michael Palin) 2005 10 1 (William Ryback) 2005 4 1 (Frank Slevin) (Gregory Terry) 2005 10 1 David M Webb 2005 10 1 2005 10 1 (Kenneth Willman) 2005 10 1 2005 4 1 2 (%) 62.5%

2005-06 145 JP (Nicholas Allen) (Jim Baird) (Ian Boyce) (Malcolm Brown) (Julia Charlton) 2005 10 1 2005 4 1 2005 10 1 (Stephen Clark) SBS JP SBS JP (David Graham) JP 2005 10 1 2005 10 1 (John Lees) 2006 3 31) 2005 4 1 (John Maguire) (Gavin Nesbitt) (Nicholas Norris) 2005 4 1 2005 4 1 (Michael Palin) 2005 10 1 (William Ryback) 2005 4 1 (Frank Slevin) (Gregory Terry) 2005 10 1 David M Webb (Kevin Westley) (Kenneth Willman) 2005 10 1 2005 10 1 2005 10 1 2005 4 1 0 (%) 2 2005 9 6 2005 4 1 (Stuart Leckie) JP SBS JP (Darren McShane) (Alastair Murray) (Elisabeth Scott) 2005 9 6 (%) 73% 2005 4 1 David Hughes 2005 4 1 Blair Pickerell) 2005 4 1 Alan Yamashita 2005 4 1

146 2005-06 2005 5 17 2005 5 16 (Stuart Leckie) JP SBS JP (Darren McShane) (Alastair Murray) 0 (%) 2005 4 18 2005 4 18 2005 9 1 (Martin Cubbon) (Roger Hepper) 2005 8 31 JP 2005 9 1 JP (Alastair Murray) 2005 5 17 (Paul Smith) 2005 4 21 David Richardson (T Brian Stevenson) SBS 2005 4 18 (Kevin Westley) 2005 9 1 2 (%) 74%

2005-06 147 X10 74 2003 4 1 2005 4 12005 6 20 (Martin Wheatley) 2005 6 21 SBS JP 2005 4 1 (Gerald Greiner) 2005 4 1 (David M Roberts) 2006 3 31 1 (%) 60% VIII 10 75 2003 4 1 2005 4 12005 6 20 (Martin Wheatley) 2005 6 21 SBS JP 2005 4 1 (Gerald Greiner) 1 (%) 80% XII 2005 4 12005 6 20 Martin Wheatley) 2005 6 21 SBS JP (Gerald Greiner) SBS JP 2005 6 21 1 (%) 75%

148 2005-06 2005 7 31 2005 4 1 2005 4 1 2005 4 1 2006 3 31 2006 3 31 2005 8 1 MH 2005 4 1 2006 3 31 JP 2006 3 31 2005 4 1 2005 4 1 2005 4 1 3 (%) 82% SC (Albert Thomas Da Rosa, Junior) Anthony Espina 2006 2 19 JP 2006 2 18 2006 2 18 2006 2 18 Andreas Mondovits 2006 2 19 Judy Vas 2006 2 19 1 (%) 100%

2005-06 149 5 (Jamie Allen) 2005 12 5 2005 7 1 2005 7 1 (%) 63% 2005 6 30 (Vincent Duhamel) (William Kerr) 2005 7 1 (Stuart Leckie) 2005 7 1 2005 6 30 2005 7 1 2005 6 30 (Douglas J Naismith) 2005 6 30 2005 6 30 David M Webb (Ashley Alder) (Dennis Cassidy) 2006 3 31 (W Gage McAfee) (Mike Scales) (Frank J Slevin) 2006 3 31 2006 3 31 1 (%) 66.7% (Thaddeus Beczak) 2006 3 31 2005 4 1 (Stephen J Clark) (Alan Linning) 2006 3 31 Martin Wheatley 2005 6 6 2005 9 30 0 (%)

150 2005-06 GBS JP SBS JP SC JP SBS JP SBS SBS JP 2005 9 30 GBS JP Martin Wheatley 2005 10 1 0 (%) (Martin Rogers) (Stephen Clark) 0 (Nicholas Allen) (Roger T Best) JP SBS JP (David Graham) (David Halperin) (Mark Johnson) (Clifford Levy) (%) (Michael W Scales) (T Brian Stevenson) SBS (Jason Webber) (Kevin Westley) 2005 11 29

2005-06 151 SBS JP SC JP 4 (%) 92% JP GBS JP SBS SBS JP 2005 9 30 Martin Wheatley 2005 10 1 1 (%) 100% SBS JP 2005 9 30 Martin Wheatley 2005 10 1 (Geoffrey Harris) (Alan Linning) (Andrew Young) 12 (%) 77%

152 2005-06 SBS JP GBS JP SBS JP SC JP SBS GBS JP 3 (%) 86% JP JP SBS JP SC JP JP SBS JP (Martin Wheatley) (Ian G M Wingfield) GBS JP (Patrick Gillot)

2005-06 153 2004 6 12006 5 31 2006 1 25 SBS SC JP SC FCIArb BBS (The Hon Mr Justice Stone) James W Baird (Roger T Best) JP (David Graham) JP JP BBS JP BBS JP Richard J Thornhill BBS JP

154 2005-06 2005-06 5 2005 4 1. 2005 5 2. 8.7 2005 6 3. 2005 8 4. 2005 11 5. 8 2005 4 1. 2005 5 2. XV 2005 6 3. 2005 8 4. 2005 9 5. 5 2005 9 6. 8.7 2005 10 7. 2006 3 8. () 3 2005 6 1. 2005 9 2. 2005 10 3.

2005-06 155 H 72 Hay Hay Group Limited 2002 80 G30 87 6 26 43 71 29 72 81 CCASS 31 37 69 87 22 3 58-60 65 6 26 36 41 81 154 6 27 36 41 42 154 9 15 44 149 83 36 86 4 29 71 29 52 74 37 86 XBRL 29 81 III UCITS III UCITS III 2001 2002 2 UCITS I 27 51

156 2005-06 6 28 57 58 60 83 29 60 51 4 20 5 10 14 18 27 48 4 27 36 50 71 73 3 5 14-23 26 29 75 84 85 36 86 84 41 45 144 28 41 76 6 28 72 2 8 14 16 20 21 28 36 80 5 14 83 72 17 74 74 75 27 29 48 65 66 68 II (EMEAP) 50 71 20 67-69 9 27 36 49-51 82 146

157 2005-06 3 28 36 50 62 63 72 73 76 83 154 14 23 52 5 14 21 6 28 74 72 FinNet 29 81 1999 73 5 8 10 11 14-17 20 36 80 27 37 51 3 6 26 27 36 42 44 65 71 154 3 6 27 48 29 58 72 50 148 67 68 13 8 13 44 DCASS 72 72 4 6 8 9 29 37 43 57-59 62-63 65 71-74 81 87 149 150 8 11 81 87 2 5 8 11 14 16 20 36 69 80 44 47 HKATS 72 44 43 58 84

158 2005-06 36 82 84 26 47 73 50 74 4 71 25 71 36 86 44 8 28 36 37 43 60 80 80 7 17 151 27 43 20 21 37 74 36 86 74 58 14 85 18 85 85 3 5 36 84 86 87 8 9 14 80 23 55 AMS/3 72 67 149 5 32 49 51 55 154 XV 0.5% 72 36 86

159 2005-06 73 18 20 68 152 4 10 20 21 29 37 58 69 36 86 H5N1 29 52 74 49 51 54 85 87 7-10 17 75 151 eirc 82 15 18 19 22 29 33 44 49 72 75 18 16 18 19 151 27 37 43 46 51 84 86 4 33 82 36 86 36 86 44 7-11 15 144 4 28 29 33 37 57 60-64 77 7 9 33 74 147 29 87 5 7 10 11 14 16 17 152

160 2005-06 82 85 4 5 12 13 15-22 33 36 79-81 6 26 32 42 42 149 SDNet 29 72 27 43 73 43 49 64 67 20 68 153 11 20 65 67 68 153 20 3 8 14 26 41-44 49-51 54 58 60 61 63 66 69 72 77 78 81 154 12 6 6 15 17 54 67 8 4 10 29 58 69

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