Date of Issue                                       : 06 September 2010

Effective Date                                       : 06 September 2010

CALENDAR OF BUSINESS DAYS AND TRADING HOURS

MARKET CLOSED 08 – 09 September 2010

Further and in amendment to Notice 52/10 ‘NASDAQ Dubai Trading Holidays and Settlement Calendar’, NASDAQ Dubai announces that it will be closed on Wednesday 8th September and Thursday 9th September on the occasion of Eid Al Fitr (the Islamic holiday marking the end of the Holy month of Ramadan).

CONTRACT SERIES LIST FOR NASDAQ DUBAI LISTED EQUITY DERIVATIVES

Issued under Rules 5.8.1

NASDAQ Dubai Contract Series List

The following September 2011 Contract Series for equity derivative products will be available for trading as of September 13, 2010:

This NASDAQ Dubai Notice will be available on the website at www.nasdaqdubai.com

Only those members entered on the relevant register of shareholders at close of business on 6 September 2010 (the Record Date) shall be entitled to vote at the AGM.

For further details in relation to the AGM, refer to the attached Notice.

MARGIN PARAMETER

Any revision to the margin parameters are marked with an asterisk (*) and are as follows

Derivatives

Single Stock Futures

Index Futures

Equities

Structured products

** Members are requested to refer to the Delivery Capacity Notice (Notice No.11/06)

General Notes: Corporate actions in the futures are denoted in the codes as:-

X: denotes one corporate action on a security

The methodology of Margin calculation and parameters for Eligible Margin have been issued as separate notices and are available on the website at www.nasdaqdubai.com.

(a closed-ended investment company incorporated in Guernsey with registration number 48555)

Announcement of Weekly and Month End Net Asset Values

As at the close of business on 31^st August 2010 the estimated Net Asset Values of each class of the Company’s shares are as follows:  

The Net Asset Value figures in this announcement are an estimate, and are based on unaudited estimated valuations. The final month-end Net Asset Value may be materially different from these estimated weekly values, and should only be taken as indicative values which have been provided for information only and no reliance should be placed on them. Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.

This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year. MTD and YTD performance figures are based on the NAV per share calculated to four decimal places.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard           44 (0)1481 745315

Date: 03^rd September 2010

(a closed-ended investment company incorporated in Guernsey with registration number 46235)

Announcement of Weekly and Month End Net Asset Values

As at the close of business on 31^st August 2010 the estimated Net Asset Values of each class of the Company’s shares are as follows:  

The Net Asset Value figures in this announcement are an estimate, and are based on unaudited estimated valuations. The final month-end Net Asset Value may be materially different from these estimated weekly values, and should only be taken as indicative values which have been provided for information only and no reliance should be placed on them. Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.

This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if  published, the previous month end confirmed NAV. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard           44 (0)1481 745315

Date: 3^rd September 2010

(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 46235)

1 September 2010

August 2010 Share Conversion

The Company has received (in aggregate) the following share conversion requests from shareholders for the 31 August 2010 Share Conversion Date:

- 1,275,487 US dollar shares to be converted to Sterling shares

- 200 Euro shares to be converted to Sterling shares

- 4,000 Euro shares to be converted to US dollar shares

- 2,417 Sterling shares to be converted to US dollar shares

Conversions will take place as soon as practicable after the Company's month-end net asset value figures for August 2010 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 31 August 2010.

Company website:        www.bhmacro.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel:       +44 (0) 1481 745368

(a closed-ended investment company incorporated in Guernsey with registration number 46235)

Weekly Announcement of Estimated Net Asset Values

As at the close of business on 27^th August 2010 the estimated Net Asset Values of each class of the Company’s shares are as follows:  

The Net Asset Value figures in this announcement are an estimate, and are based on unaudited estimated valuations. The final month-end Net Asset Value may be materially different from these estimated weekly values, and should only be taken as indicative values which have been provided for information only and no reliance should be placed on them. Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.

This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year. MTD and YTD performance figures are based on the NAV per share calculated to four decimal places.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard           44 (0)1481 745315

Date: 1^st September 2010

(a closed-ended collective investment scheme established as a company with limited liability under the laws of Guernsey with registered number 48555)

1 September 2010

August 2010 Share Conversion

The Company has received (in aggregate) the following share conversion requests from shareholders for the 31 August 2010 Share Conversion Date:

- 580 Sterling shares to be converted into Euro shares

- 250,321 US dollar shares to be converted to Sterling shares

- 633,512 US dollar shares to be converted to Euro shares

- 9,024 Euro shares to be converted to US dollar shares

Conversions will take place as soon as practicable after the Company's month-end net asset value figures for August 2010 are released. Converting shareholders will be notified upon conversion taking place, which will be no later than 25 business days after 31 August 2010.

Company website:        www.bhglobal.com

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Andrew Maiden

Tel:       +44 (0) 1481 745368

(a closed-ended investment company incorporated in Guernsey with registration number 48555)

Weekly Announcement of Estimated Net Asset Values

As at the close of business on 27^th August 2010 the estimated Net Asset Values of each class of the Company’s shares are as follows:  

The Net Asset Value figures in this announcement are an estimate, and are based on unaudited estimated valuations. The final month-end Net Asset Value may be materially different from these estimated weekly values, and should only be taken as indicative values which have been provided for information only and no reliance should be placed on them. Estimated results, performance or achievements may differ materially from any actual results, performance or achievements. Except as required by applicable law, the Company expressly disclaims any obligations to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise.

This document is for information purposes only and is not an offer to invest. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

The MTD performance figures are calculated by reference to the previous estimated month end NAV or, if published, the previous month end confirmed NAV. The YTD performance figures are calculated by reference to the NAV at the end of the last calendar year. MTD and YTD performance figures are based on the NAV per share calculated to four decimal places.

Enquiries:

Northern Trust International Fund Administration Services (Guernsey) Limited

Harry Rouillard           44 (0)1481 745315

Date: 1^st September 2010

Audit state : Unaudited

Report for period ended : Wednesday, June 30, 2010 12:00 AM

Events in the first period of six months in 2010
The first six months of the financial year 2010 continued to be focused on the execution of the Restructuring Agreement signed on December 31, 2008 (cf. Annual Financial Report 2008 and 2009). As a direct result, the staff was further reduced. The management functions are now being covered via a service level agreement.
Following an agreement with creditors, the originally escrowed amount TEUR 527 have been used to reduce interest payments.
Due to the legal considerations of the competent Commercial Court Zurich, which predicted a very time consuming and expensive procedure with substantial risks of litigation Fortune agreed to settle with Stanford (Suisse) Ltd and withdrew its claim.
Following the execution of the Restructuring Agreement Fortune Management only retains its stake in the UAE based Fortune Super Equity Management LLC. Latter experienced further delays due to the still not final ruling on the estate of its late chairman. A more predictable development can be expected in the second half of 2010 at the earliest.
Accounting principles and scope of consolidation
The condensed interim consolidated financial statements as of June 30, 2010 were prepared in accordance with IAS/IFRS. The applied accounting principles and practices are identical with those of the consolidated financial statement as of December 31, 2009.
Due to its sale and regarding the scope of fully consolidated enterprises, in comparison to December 31, 2009, the following company was de-consolidated: Pagus 7500 AG (former Fortune Renewable Resources AG, Zug/Switzerland).
Employees
The number of employees was reduced during the first half-year 2010 from 8 employees as of December 31, 2009 to 1 employee as of June 30, 2010.
Report on related party transactions
Concerning information about related party transactions we refer to the selected explanatory notes in the condensed interim consolidated financial statements as of June 30, 2010.
Outlook and risk report
With regard to the Group’s opportunities and risk situation and the outlook for net assets, financial situation and operating results, reference is made to our annual financial report as of December 31, 2009 (page 33 to 34) as well as to the disclaimer as of the beginning of this half-yearly financial report.
Due to the consummation of the restructuring agreement as of December 31, 2008, the liquidity of the second half of the business year 2010 is secured, which is necessary for the maintenance of the continuing business in the current business year 2010. Substantial cash outflows for the discontinued business are not expected. But if the Company is not able to achieve cash income from the participations, especially to afford the agreed amortizations and interest payments for the notes over TEUR 45,000 (nominally), the going concern might be endangered.
We did not identify further important risks in the first six month of the business year 2009. Further risks, of which we are currently not aware or which we do not appraise as important at the moment, could also affect our business activities in the future.
Furthermore, we have no new information that leads us to believe that the forecasts and other assertions regarding the Group’s development in the business year 2010, as stated in the Group’s management report as of December 31, 2009, have changed significantly.
Subsequent events
Besides the issues described in the preceding paragraphs, there have been no significant events Fortune Management Group.

Dubai – 31 August 2010: The Dubai International Financial Centre (DIFC), the financial and business gateway between the Middle East, Africa and South Asia region (MEASA) and the world, today updates the market on its successful performance in 2010 to date.

Highlights

• The overall number of active registered companies operating from the DIFC has remained constant at 745, despite the downturn.
• New companies registered from emerging markets such as China, Malaysia and Indian subcontinent.
• Major international financial institutions are expanding their regional footprint using the DIFC platform.
• Continued development of internationally recognised regulations with introduction of new changes to the DIFC’s Collective Investment Funds.
• Total available area, including third party developers, is 2,116,311 square feet of office space.
• An annualized growth rate of 20% in terms of additional office space leased in DIFC.
• Occupancy of the DIFC’s Gate District (Gate Building, Gate Precinct and Gate Village) remains high at 92% of the leasable space.
• Completion of DIFC’s Business Strategy review in preparation for the next phase of the Centre’s long term growth.
• Cost of doing business to be reduced to encourage the growth of businesses based in the DIFC.

H.E. Ahmed Humaid Al Tayer, Governor of the DIFC said:

“Since its inception in 2004, the DIFC has grown to become one of the world’s top international financial centres connecting the MEASA region and the world. Today, the DIFC with its modern infrastructure, free zone status and self governing laws and courts, is globally recognised as the pre-eminent and favoured financial centre in the region. These facets enable the DIFC to make a major contribution to the UAE economy.

“While the DIFC continues to evolve, we have achieved a very encouraging performance so far this year, especially in light of the global economic backdrop of the last two years. The MEASA region has significant economic advantages from its commodity-based economies, its geographical position and the depth of its talent pool. As the recovery continues to take hold, these factors will once again act as catalysts for the future economic growth of the region and the DIFC”.

Recently, the multiple achievements of the DIFC were recognised by the 2010 Global Financial Centres Index 7, where Dubai has continued its ascent and is featured among the world’s top 25 international financial centres. At the same time, and for the 7^th time in a row , Dubai maintained its undisputed status as the leading financial centre between Europe, Singapore and Hong Kong.

Abdulla Al Awar, CEO of DIFC Authority said:

“Within five years of launching, the DIFC has achieved what it was established for as an international financial centre for the region. We are now embarking on a new phase of growth and continue to act as a gateway between the MEASA region and the world’s capital markets. Our focus is to expand and grow our existing client partnerships. We will continue to attract new companies to the Centre, as evidenced by the strong pipeline of companies and applications currently being processed. We will also continue to develop the DIFC’s legal and regulatory framework and its physical infrastructure to enhance the support the DIFC provides for the economic growth of the region.”

Operating Review

Despite the global economic challenges, the DIFC continues to grow steadily as one of the world’s established financial centres. The DIFC community comprises of 745 active registered companies, with 297 regulated and 374 non-regulated companies, and 74 retailers. Currently, 16 of the world’s top 20 banks^Note1 have established a presence at the DIFC; meanwhile 8 of the world’s largest asset managers ^Note2 and 4 of the 5 world’s largest insurers^Note3 are also based at the DIFC.

DIFC’s global stature is further evidenced by the geographical diversity of firms operating out of the Centre with approximately 40% of the regulated firms coming from different parts of MEASA; 42% from across Europe; and 18% from the US and rest of the world.

During the first six months of 2010, the number of companies registered in the DIFC remained constant despite the economic downturn. While a small number of firms have withdrawn over the period from the Centre, a significant number of firms from across the world continued to join including first time entrants into the region ^Note4 .

The DIFC witnessed an increased interest from companies based in MEASA, part of which demonstrates a growing trend of Asian and Indian companies looking to Dubai as the gateway into the Middle East and Africa region. This trend was reflected in the new registrations granted during the first half of 2010.

The DIFC saw a growth in the breadth and depth of financial activity due to the diverse services offered by the 297 active regulated firms ^Note5.

Since the beginning of 2010, the DIFC has witnessed the growth of a number of existing clients who increased their presence and deployed more resources into the region. This includes a major international financial institution that made the DIFC the regional headquarters of its private banking business, four financial institutions that upgraded their DIFC licences to widen their range of services to the region, and three major international financial institutions who expanded their existing regional businesses managed from the DIFC to include their interests in Africa.

Soft Infrastructure Development

The DIFC continues to build on its internationally recognised regulatory framework and legal system in order to support the growth of financial services and commercial activities.

In July 2010, the Dubai Financial Services Authority (DFSA) introduced a series of regulatory changes to the DIFC’s Collective Investment Funds regime in order to make the DIFC a more attractive investment centre for both foreign and domestic fund managers. The changes were made following recommendations made by a panel of market practitioners and highlighted the Centre’s position as the region’s most competitive financial centre for fund managers. Following the enactment of the new funds regime, DIFC-based fund managers can now manage funds outside of the DIFC while foreign fund managers can now manage funds in the DIFC.

As part of its continuous efforts aimed at fostering international co-operation and dialogue between counterparties , the DIFC Authority signed six Memoranda of Understating (MoUs) with various jurisdictions including the UAE Central Bank, Dubai Department of Economic Development, Hong Kong Monetary Authority, World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), Paris Europlace, and recently signed with Luxembourg. The MOU are aimed at creating strategic partnerships with international jurisdictions thus strengthening the DIFC’s offering to clients. At the same time, the other independent entities under the DIFC umbrella, the DFSA and the DIFC courts, have both signed a number of different cooperation agreements during this period. The DFSA signed MoUs with regulatory counterparties from around the world, including Denmark, France, USA and Canada bringing the number of bilateral MoU signed as of end of July to over 50 regulatory counterparts. The DIFC Courts has MoUs with judicial counterparties from Dubai, Abu Dhabi, and Ras Al Khaima, and has signed its first international MoU with Jordan.

Physical Infrastructure Development

From December 2009 till July 2010, the development of physical infrastructure continued with the addition of 308,687 square feet of commercial office space. Total leasable area, including third party developers, is now equal to 2,116,311 square feet of office space.

Occupancy of the DIFC’s Gate District (Gate Building, Gate Precinct and Gate Village) remains high at 92% of the leasable space. Total office space in the DIFC’s Gate District is 1,471,625 square feet, including an additional 170,000 square feet of leasing units which will become available shortly. This represents an annualised growth rate of 20% in terms of additional office space leased in the DIFC. In total, the Centre saw take up of over 160,000 square feet of commercial office space during the period, much of which was on behalf of existing clients focused on growing their business in the region. The area leased in the first half of 2010 exceeded the total area leased in the whole of 2009.

DIFC clients are beginning to move into the new offices provided by third party developers (Currency House, Currency Tower and Liberty House) and demand for these units is proving robust.

The total retail space available is 211,966 with 66% of which is currently occupied. The DIFC is in the process of revising its retail strategy to bring the services offered into closer alignment with the needs of the DIFC community. Following consultation with clients, a new range of retailers will be joining the Centre, featuring more fine and casual dining restaurants, groceries and food shops as well fine art galleries.

Client Partnerships

In the first half of 2010 the DIFC’s senior management, in consultation with its clients, completed a comprehensive strategic review and analysis of the core business proposition.

The future success of the DIFC is inherently linked to supporting its existing clients to grow their businesses serving MEASA from the Centre. The DIFC is focused and committed to providing a competitive environment from which companies may expand their businesses and support their long term growth plans.

At the same time, extensive analysis and benchmarking of costs have also been reviewed. Accordingly, the DIFC plans to reduce the cost of doing business from the Centre and enhance client services, to encourage the future growth and expansion of its clients’ businesses. The DIFC is committed to undertaking a regular review of its pricing model to ensure it remains competitive.

In addition to the range of DIFC services and its pricing policy, the strategic review has encompassed the continuing evolution of the legislative and regulatory framework, the continued development of the Centre’s infrastructure and the introduction of a new range of retail services.

- Ends -

For further inquiries on the DIFC, please contact:

http://www.bankersalmanac.com/addcon/infobank/bank-rankings.aspx

Note 2: The top 20 asset managers list

Source: http://www.pionline.com/section/researchcenter-rankings&dir=money-manager

Note 3: Top 5 Global insurance companies

Source: http://www.forbes.com/lists/2010/18/global-2000-10_The-Global-2000_IndName_12.html

Note 4: Schedule of companies joining the DIFC since January 2010 – Alphabetic order

Note 5: Breakdown of 297 active regulated firms in the DIFC