Charles Schwab Adds New Large-Cap Growth Fund to its Stable of Actively-Managed Mutual Funds

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Safecharge International Group Limited	LSE:SCH	London	Ordinary Share	GG00BYMK4250	ORD USD0.0001

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New fund based on industry-recognized Schwab Equity Ratings meets emerging investor demand for access to growth stocks. SAN FRANCISCO, Sept. 6 /PRNewswire-FirstCall/ -- Expanding its diverse selection of actively-managed mutual funds, Charles Schwab Investment Management announces the launch of the Schwab Large-Cap Growth Fund(TM). The new fund will seek long-term capital growth and will use Schwab Equity Ratings(R) to help identify stocks with excellent performance potential. "Our new Large-Cap Growth Fund underscores Schwab's commitment to providing investors with a broad selection of quality funds that are a great value and strive to be top performers in their category," said Evelyn Dilsaver, president and chief executive officer, Charles Schwab Investment Management. "By continuously adding to our lineup of mutual funds, we're able to meet more of our clients' needs." According to Morningstar, growth stocks have underperformed the market for so long that they are trading closer to the price of value stocks, providing a new opportunity for investors to now buy growth at reasonable prices. Since this year's market low on April 20, the Russell 1000 Growth Index has risen 8.18 percent while the Russell 1000 Value Index has risen just 7 percent. "As the market begins to cycle from value to growth, now may be the right time for investors to take a fresh look at growth investing," said Vivienne Hsu, CFA, senior portfolio manager for Charles Schwab Investment Management and co-manager of the new fund. "We believe our fund is a great option for the growth portion of their portfolio because, unlike other funds, we combine active management with the objectivity and discipline of Schwab Equity Ratings to provide investors with a sensible approach to growth investing." The subscription period for the fund opened on August 19 and runs through September 30, 2005. The fund will commence operations October 3. Investor shares with a 1.20 percent operating expense ratio (OER) are available with a minimum investment of $2,500 ($1,000 for retirement, education and custodial accounts). Select Shares will carry an OER of 0.99 percent, and are available with a minimum initial investment of $50,000. The Schwab Large-Cap Growth Fund is slated to be a component of the recently launched Schwab Portfolios, which are diversified portfolios of stocks, ETFs or mutual funds. The fund will be utilized in the mutual fund portfolios for domestic equity category allocations, while funds chosen from Schwab's Mutual Fund OneSource Select List(TM)(1) will be used for fixed income and international category allocations. (See end of press release for regulation analyst certification and how to obtain important required disclosures.) Fund management The new fund will be co-managed by Hsu and Larry Mano, vice president and senior portfolio manager. Hsu and Mano, along with chief equities investment officer Jeff Mortimer, manage Schwab's full line-up of mutual funds that tap into Schwab Equity Ratings, Schwab's proprietary stock selection methodology. These include the Schwab Core Equity Fund, Schwab Dividend Equity Fund, Schwab Hedged Equity Fund, Schwab Small-Cap Equity Fund, Schwab Financial Services Fund, Schwab Health Care Fund, Schwab Technology Focus Fund, Schwab Premier Equity Fund and the new Schwab Large-Cap Growth Fund. About Schwab Equity Ratings(R) Schwab Equity Ratings offer an objective and disciplined assessment of approximately 3,000 U.S. head-quartered stocks, more than any other major brokerage firm. Stocks are assigned grades of A, B, C, D, or F, reflecting performance potential over the next 12 months. Schwab's outlook is that "A"- rated stocks, on average, will strongly outperform, and "F"-rated stocks, on average, will strongly underperform. The ratings reflect each stock's evaluation across four broad categories: fundamentals, valuation, momentum, and risk. They are updated each week to reflect new financial data and other information. For more information on Schwab Equity Ratings, including performance details, how performance was calculated, comparison of performance to benchmarks and limitations of model performance, visit http://www.schwab.com/serperformance. About Charles Schwab Investment Management Founded in 1991, Charles Schwab Investment Management, Inc. (CSIM), an affiliate of Charles Schwab & Co. Inc., is one of the nation's largest mutual fund companies with $140 billion under management as of June 30, 2005. It is among the country's largest money market fund managers and is the third- largest provider of retail index funds. In addition to managing Schwab proprietary funds, CSIM provides oversight for the institutional-style, sub- advised Laudus Fund family. CSIM currently manages 67 mutual funds including 23 actively managed funds. About Charles Schwab The Charles Schwab Corporation (NYSE / Nasdaq: SCH), through its operating subsidiaries, provides securities brokerage and financial services to individual investors and the independent investment advisors who work with them. With over 7 million individual investor accounts and more than $1 trillion in client assets, The Charles Schwab Corporation is one of the nation's largest financial services firms. Its subsidiary Charles Schwab & Co., Inc. (member SIPC) provides a complete range of investment services and products, including an extensive selection of mutual funds; financial planning and investment advice; retirement plans; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent fee-based investment advisors. Its subsidiary Charles Schwab Bank (member FDIC) provides banking and mortgage services and products. The corporation's other operating subsidiaries include U.S. Trust Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC). These companies' Web sites can be reached at http://www.schwab.com/, http://www.schwabbank.com/, http://www.ustrust.com/, and http://www.cybertrader.com/. (0905-9005) Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling Schwab at 800 435-4000. Please read the prospectus carefully before investing Investment value will fluctuate, and shares, when redeemed, may be worth more or less than original cost. A growth investing strategy typically carries a higher risk of loss and a higher potential for reward than a value investing strategy. Because the fund limits its holdings to between 50 and 80 individual equities, it may experience more volatility. The Wilshire 5000 Total Market Index measures the performance of all U.S. headquartered equity securities with readily available price data. Over 7,000 capitalization-weighted security returns are used to adjust the index. It is not an investment product available for purchase. Russell 1000 Growth -- The Russell 1000 Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. It is not an investment product available for purchase. Russell 1000 Value -- The Russell 1000 Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. It is not an investment product available for purchase. (1) Charles Schwab & Co., Inc., member SIPC receives remuneration from fund companies participating in the Mutual Fund OneSource(R) service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services. The Schwab Equity Ratings and stock lists or models are not personal recommendations for any particular investor and do not take into account the financial, investment or other objectives and may not be suitable for any particular investor. Before buying, investors should consider whether the investment is suitable for themselves and their portfolio. Additionally, investors should consider any recent market or company news. Stocks can be volatile and entail risk and individual stocks may not be suitable for an investor. DATASOURCE: Charles Schwab CONTACT: Sondra Harris of Charles Schwab, +1-415-636-3292, or Web site: http://www.schwab.com/

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