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Futuregrowth Asset Management

PRI reporting framework 2017

Gateway asset class implementation indicators [OO 10 - 12]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Implementation not in other modules [SG 12 - 16] Innovation [SG 17]

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Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

Fund management

% of assets under management (AUM) in ranges

<10%

10-50%

>50%

Fund of funds, manager of managers, sub-advised products

Other, specify

Execution and advisory services

01.2. Additional information. [Optional]

Futuregrowth is a specialist investment company which manages the full range of interest bearing and developmental investments in an ethical and sustainable way.

Our team of investment experts manages around R160 billion of assets across the full scope of debt products, from core funds through to yield enhanced funds, as well as a range of development funds (which includes equity).

We strive to keep our promises to clients through fundamental analysis that supports strong investment views. Our investment process uses a combination of value adding tools, including interest rate management and credit analysis, to add yield to clients' funds.

Futuregrowth provides debt and equity finance facilities to organisations looking to raise funds in the capital markets.

With over 20 years track record in the market and the development of the requisite skills set, the investment team is well positioned to:

structure transactions that add value to both its clients and investee companies, and
construct diverse porfolios that enhance returns, reduce risk volatility and produce relatively stable outperformance over time.

Futuregrowth is dedicated to the development and empowerment of South Africa and its people, with many of our investment offerings geared towards making a meaningful difference to our world. With this in mind the company continually strives to identify opportunities that will enrich the lives of our people through delivering economic and social returns that really matter.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

South Africa

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

70 FTE

02.4. Additional information. [Optional]

Futuregrowth is a specialist asset management company which manages a full range of interest bearing and developmental investment funds.

| Our team of investment experts manages assets across the full scope of fixed income products, from core funds through to yield enhanced funds, as well as a range of development funds.

| Our investment process uses a combination of value adding tools, including interest rate management and credit analysis, to add performance to clients' funds.

| Futuregrowth provides debt and equity finance facilities to organisations looking to raise funds in the capital markets.

With over 20 years track record in the market and the development of the requisite skills set, the investment team is well positioned to structure transactions that add value to both its clients and investee companies, and
construct diverse portfolios that enhance returns, reduce risk volatility and produce relatively stable outperformance over time.

| Futuregrowth is dedicated to the development and empowerment of South Africa and its people, with many of our investment offerings geared towards making a meaningful difference to our world. With this in mind the company continually strives to identify opportunities that will enrich the lives of our people through delivering economic and social returns that really matter. The suite of developmental funds consists of the following products:

Futuregrowth Infrastructure & Development Bond Fund
Futuregrowth Development Equity Fund
Futuregrowth Community Property Fund
Futuregrowth Agri-Fund
Futuregrowth Power Debt Fund
Futuregrowth Inflation-linked Power Debt
Futuregrowth SRI Balanced Fund

| The Agri Fund is managed by Futuregrowth Asset Management and UFF Asset Management acts as a specialist agricultural fund advisor.

l The property asset management component of the Community Property Fund is managed by Capital Land Property Asset Management.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.3. Additional information. [Optional]

UFF Agri Asset Management (UFF) is specialist fund advisor with a dedicated focus on the agricultural sector in Africa, they are not a subsidiary but act in a advisory capacity on the Agri fund and manage the day to day farmland. They became signatories and signed up to the Farmland principles during 2012.

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

04.4. Additional information. [Optional]

Futuregrowth is a specialist asset management company which manages the full range of interest bearing and developmental investments in an ethical and sustainable way.

| Our team of investment experts manages assets across the full scope of fixed income products, from core funds through to yield enhanced funds, as well as a range of development funds (which includes a component of unlisted or developmental equity).

| Our investment process uses a combination of value adding tools, including interest rate management and credit analysis, to add yield to clients' funds.

| Futuregrowth provides debt and equity finance facilities to organisations looking to raise funds in the capital markets.

| With more than 20 year track record in the market and the development of the requisite skills set, the investment team is well positioned to:

structure transactions that add value to both its clients and investee companies, and
construct diverse portfolios that enhance returns, reduce risk volatility and produce relatively stable outperformance over time.

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

as percentage breakdown

as broad ranges

	Internally managed (%)	Externally managed (%)
Listed equity	<10% 0.33	0 0
Fixed income	>50% 88.29	0 0
Private equity	<10% 0.95	0 0
Property	0 0	<10% 1.52
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Forestry	<10% 0.01	0 0
Farmland	0 0	<10% 0.27
Inclusive finance	<10% 1.76	0 0
Cash	<10% 6.86	0 0
Other (1), specify	0 0	0 0
Other (2), specify	0 0	0 0

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

OO 07. Fixed income AUM breakdown

07.1. Provide to the nearest 5% the percentage breakdown of your Fixed Income AUM at the end of your reporting year, using the following categories.

Internally managed

43.6 SSA

39.4 Corporate (financial)

17 Corporate (non-financial)

0 Securitised

Total 100%

OO 08. Segregated mandates or pooled funds

New selection options have been added to this indicator. Please review your prefilled responses carefully.

08.1. Provide a breakdown of your organisation’s externally managed assets between segregated mandates and pooled funds.

Asset class breakdown	Segregated mandate(s)	Pooled fund(s)
[g] Property	0% <10% 10-50% >50 %	0% <10% 10-50% >50 %
[l] Farmland	0% <10% 10-50% >50 %	0% <10% 10-50% >50 %
Total externally managed assets	Please ensure the entire table (both columns combined) totals to 100%

08.2. Additional information. [Optional]

Farmland: it's not strictly a pooled fund, but held in a partnership structure

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

Developed Markets	0% <10% 10-50% >50 %
Emerging, Frontier and Other Markets	0% <10% 10-50% >50 %
Total	100%

09.2. Additional information. [Optional]

Futuregrowth is a speciliast asset manager acting on behalf of our third-party clients consisting of institutional retirement funds, corporates, multi-managers etc. We are domiciled in South Africa and have a mandate to invest in South Africa.

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