Performance of Funds - Monthly Update

For Immediate Release14 January 2010 Performance of Funds - Monthly Update The following table gives the monthly performance for the month of November 2009 of the funds managed by the Group's subsidiary Shore Capital Limited, other than products where monthly statistics are not available. The table below shows returns for the month: Fund     Total return since inception Nov 2009   Jan - % IRR % Nov % % p.a PARF £class 0.3 13.1 50.5 6.4 Puma Sphera 2.1 33.3 46.7 13.6 Puma VCT 0.0 4.9 47.3 13.6 * Puma VCT II 0.0 4.8 47.5 14.1 * Puma VCT III -0.1 1.5 38.3 14.3 * Puma VCT IV -0.1 1.3 36.8 14.3 * Puma VCT V -0.2 3.4 35.8 28.7 * Model Portfolio Growth 1.1 16.3 42.7 4.6 Model Portfolio Balanced 0.8 13.5 61.2 6.3 Multi-Manager Growth 0.8 23.1 93.1 10.8 Multi-Manager Income 0.2 17.1 34.1 5.6 AIM IHT 3.1 34.7 30.4 6.44 * Total return and IRR include the effect of the tax relief gained upon initial investment. Further details of these funds including inception dates and strategies are given in the Group's 2008 Annual Report and Accounts. The returns of all managed fund products are after an accrual for any carried interest and are net of a provision for all management fees and expenses. The returns for the model portfolios and multi-manager products are gross. Total funds under management as at the end of November 2009 were £1.36 billion, equivalent at that date to $2.23 billion. Enquiries: Shore Capital Graham Shore020 7408 4090 Craig Cowan Citigate Dewe Rogerson: Angharad Couch020 7638 9571 Lindsay Noton Notes to Editors Shore Capital 1. Shore Capital is a AIM-listed independent investment banking group.  It specialises in equity capital market activities and fund management.  The ECM division offers a wide range of services for companies, institutions and other sophisticated clients including corporate finance, stockbroking and market making.  Shore Capital Limited manages specialist funds, with a particular focus on alternative asset classes. 2. Shore Capital is based in London, Liverpool, Edinburgh and Berlin.  Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited and Shore Capital Limited are authorised and regulated by the Financial Services Authority.  Shore Capital Stockbrokers Limited is a member of the London Stock Exchange. 3. Further information on Shore Capital, its products and services can be found at [HUG#1373281]