Financial Services Guide

This Financial Services Guide (FSG) is an important document. It is designed to assist you in deciding whether to use any of the financial services offered by Ascend Asset Management Limited (Ascend), ABN 45 112 871 842, Australian Financial Services License (AFSL) 307706. These financial services are described in this FSG.

This FSG contains important information about:

• the services Ascend offer you
• the remuneration, commissions or other benefits that may be paid to Ascend or other relevant persons in relation to the financial services offered
• how you can make a complaint about us
• how you can contact us.

Other Documents You May Have Received From Us

Product Disclosure Statement

We may also provide you with a Product Disclosure Statement (PDS).

Each PDS contains important information about the product you are considering investing in and will assist in making an informed decision on whether or not to acquire the product.

The PDS contains information such as:

• significant benefits and risks involved in acquiring the product
• fees and charges applicable
• significant characteristics and features of the product
• potential taxation implications
• dispute resolution
• any cooling-off rights.

Any instructions you wish to provide in relation to our financial products must be in writing as set out in the relevant PDS.

Contact Details

Ascend Asset Management Limited (Ascend) ABN 45 112 871 842 AFSL 307706

Level 12, 280 George Street, Sydney NSW 2000 Australia

You can contact us by:

• calling 1300 ASCEND (1300 272363) between 8.30am to 7.00pm (EST), Monday to Friday
• emailing: sandrai@ascendam.com.au
• visiting our website at www.ascendam.com.au
• writing to us at: GPO Box 2598 Sydney NSW 2001 Australia or
• faxing us at: +61 2 9233 3176

About Ascend

Ascend is an Australian company that was formed in 2005. All employees at Ascend have share ownership in the company thus ensuring team stability and a vested interest in the pursuit of business success. Ascend’s business is focused on two key areas, capital raising and funds management. The Directors of Ascend have specialist expertise and established networks (spanning over 40 years) in providing corporate advice to unlisted companies.  The Directors have assisted over 30 companies with their preliminary listing requirements on the Australian Securities Exchange (“ASX”) or the National Stock Exchange (“NSX”) primarily focusing on the natural resources and biotechnology sectors.

The Directors of Ascend have developed the Escalation Fund [and the underlying Specialist Funds] to meet market demand for a pooled vehicle which provides both income and capital growth through access to the Specialist Funds, which provide investors with the opportunity to invest in assets that provide a strong risk/return outcome over the longer term. The diagram below describes the relationship between these two key business functions and how they will position Ascend Asset Management Ltd for further growth.

About Our Financial Services

Our AFSL authorises us to provide the following financial services:

• General financial product advice
• Deal in a financial product

When providing any of these financial services, Ascend is acting on its own behalf.

Information about Remunerations and other Benefits

Fees received by us or related entities.

If you invest in a financial product issued by Ascend we will receive fees and charges in relation to your purchase of that product. These fees may include entry fees, management fees (including transaction costs), and administration fees. The fees and any other benefit Ascend receives in relation to each product are set out in the PDS for that product.

If you invest in our financial products on the basis of a recommendation by an adviser who is a representative of other licensees within the Ascend Group, these entities may receive commission from us in relation to the investment you make. Information about the remuneration, including fees, commissions and/or other benefits received by your adviser will be disclosed in the Statement of Advice which the adviser is required to give you when providing personal advice.

Employees within the Ascend Group who provide you with financial services on behalf of Ascend receive a salary from their employer and may also be entitled to a bonus or other benefits that depend on various factors.

Enquiries and Complaints

If you have any questions or complaints about the financial services we provide, please:

• call us on 1300 ASCEND, 8.30am to 5.30pm, EST, Monday through Friday, or
• write to us at GPO Box 2598 Sydney NSW 2001 Australia.

Any complaint received by us will be acknowledged within five business days and we will respond in writing within 45 days.

If your complaint has not been resolved within 45 days or you are not satisfied with the decision, you may contact the Financial Industry Complaints Service (FICS).FICS is an independent, external dispute resolution scheme whose decisions are binding on us.

The details for FICS are:

Financial Industry Complaints Service Limited (FICS)PO Box 579 Collins Street West Melbourne VIC 8007

Telephone: 1300 780 808 Fax: +61 3 9621 2291 Internet: www.fics.asn.au

Privacy

Your right to privacy is important to us. Each PDS explains your privacy rights and our rights and obligations in relation to your personal information.

You can obtain a copy of our privacy policy by contacting us.