Integra Capital Limited ("Integra")

Integra Capital Limited ("Integra") is a Canadian investment management firm that partners with institutional investment managers from Canada and around the world to provide institutional and individual investors with traditional and innovative investment strategies that meet and anticipate our clients' evolving needs. Established in 2002, the firm's employees own 90.5% of the shares in the company. Integra Capital Management Corporation, the parent company to Integra Capital Limited, was established in 1987.

Integra's business lines include the following:

• Integra Investment Funds
• Integra Global Advisors
• Integra Alpha Beta Strategies
• Integra Custom Investment Solutions

Integra Investment Funds

At Integra, we offer a full array of multi-manager and single-manager investment funds. Many Integra Funds are designed using a multidimensional diversification approach where selecting and combining the right mix of asset classes, managers, styles and cap sizes is crucial. Other Integra Funds are single manager and single mandate specific. We are constantly searching for new investment management firms from around the world that utilize innovative investment strategies and repeatable investment disciplines. By adding new investment managers, or changing existing investment managers when appropriate, our Integra Investment Funds "evolve" in line with changing global best practices. Our ongoing oversight of fund managers includes monitoring results, assessing adherence to investment style, and detailed attribution analysis. Style integrity is confirmed on an ongoing basis by meeting with the investment management firms frequently, reviewing their investment strategies and processes regularly, and using technology based analytic tools to monitor portfolio content, risk, and return attribution. In addition, on-site compliance audits are conducted on a regular basis to assess the adherence to, and compliance with, their investment mandate and regulatory requirements.

For further information, access the Investment Funds home page.

Integra Global Advisors

Integra Global Advisors provides Canadian institutional investors with access to a broad range of specialist strategies offered by the following investment management firms:

Lyxor Asset Management – a wholly owned subsidiary of Société Générale, an AA-rated bank headquartered in Paris, France, offers the largest and longest running managed account platform of hedge funds and funds of funds in the world with fully transparency and weekly liquidity.

Principal Global Investors – based in Des Moines, New York and London, manages US $232.4 billion* and offers access to three areas of investments: equities, fixed income and real estate.

In addition to these relationships, we also offer pooled funds that are sub-advised by a number of other specialist managers.

For further information, access the Integra Global Advisors home page.

Integra Alpha Beta Strategies

Integra’s Alpha Beta Strategies business line (Integra ABS) provides a diverse array of benchmark agnostic strategies, driven by a combination of our internal resources and the experience of our international investment partners.

These strategies include:

• Liability Driven Investment Solutions
• Pure Alpha Solutions – to enhance portfolio management efficiency
• Risk Management Solutions – using currency and other hedging strategies

Strategic solutions are specific to the individual return needs and the degree of risk management required by the institutional investor. These strategies bridge both Beta (policy) and Alpha (strategy) in creating the appropriate solution for the requirements of the institutional investor.

For further information, access the Integra Alpha Beta Strategies home page.

Integra Custom Investment Solutions

Integra’s Custom Investment Solutions integrate Canadian, U.S. and International investment management teams, using a multidimensional diversification process. We build custom portfolio solutions that are optimal for our clients today. From there, our process is ongoing. We are continually monitoring each client’s portfolio and the contribution made by each manager within the mix, and will make changes to ensure the portfolio evolves with the changing investment environment. The ultimate objective of Integra’s Custom Investment Solutions program is to reduce downside investment risk, while targeting our clients’ required rate of return.

*as at December 31, 2010