Replacement Annual Financial Report -5-

+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                      8,146,587  |                | Cash and cash equivalents                                                       |       5        |                   21,950,213  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                        909,377  |                | Collateral held at bank                                                         |      14        |                      909,377  | 
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|                      2,223,882  |                | Interest receivable                                                             |                |                    2,846,921  | 
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|                                 |                | Securities sold receivable                                                      |                |                       35,198  | 
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|                        680,057  |                | Derivative financial instruments                                                |      10        |                      399,699  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                    252,811,063  |                | Financial assets at fair value through profit or loss                           |       3        |                  305,629,706  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                     264,770,966 |                | Total assets                                                                    |                |                  331,771,114  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                                 |                |                                                                                 |                |                               | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                                 |                | Liabilities                                                                     |                |                               | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                      1,772,542  |                | Operating expenses payable                                                      |                |                      181,054  | 
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|                        188,325  |                | Audit fee payable                                                               |       4        |                      187,550  | 
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|                        361,920  |                | Investment management fee payable                                               |       4        |                      364,549  | 
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|                         19,660  |                | Administration fee payable                                                      |       4        |                       13,249  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                         23,422  |                | Custodian fee payable                                                           |       4        |                       19,800  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                      1,049,054  |                | Coupon note interest payable                                                    |                |                      341,340  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                        892,415  |                | Derivative financial instruments                                                |      10        |                      408,560  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                    190,107,679  |                | Financial liabilities at fair value through profit or loss                      |       3        |                  268,933,084  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                     194,415,017 |                | Liabilities (excluding amounts attributable to participating shareholders)      |                |                  270,449,186  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                                 |                |                                                                                 |                |                               | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                      70,355,949 |                | Net assets                                                                      |                |                   61,321,928  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                                 |                |                                                                                 |                |                               | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                 5,102,659       |                | Non-controlling interest                                                        |                |                    3,218,870  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                                 |                |                                                                                 |                |                               | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                     65,253,290  |                | Net assets attributable to participating shareholders                           |                |                   58,103,058  | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                                 |                |                                                                                 |                |                               | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                       0.4661    |                | Net asset value per participating EUR share                                       |      17        |                     0.4149    | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+ 
|                       0.6480    |                | Net asset value per participating $ share                                       |      17        |                     0.5953    | 
+---------------------------------+----------------+---------------------------------------------------------------------------------+----------------+-------------------------------+