March 1, 2012 H3 Global Advisors awarded commodities mandate by Local Government Super H3 Global Advisors today announced it has

been awarded a $55 million enhanced beta commodities mandate by Local Government Super in New South Wales. This is the third institutional enhanced beta commodities mandate awarded to H3 Global in the last two years and takes H3 Globals overall assets under management to more than $600 million. The H3 Global enhanced beta programme takes index weightings in 20 commodities futures, and looks to marginally outperform the index by taking advantage of roll yield opportunities as well as opportunities presented by price inefficiencies apparent in individual forward curves. Since inception, the H3 Global programme has outperformed the index by 1.48% per annum with lower volatility. Andrew Kaleel, Chief Investment Officer of H3 Global, said H3 Globals enhanced beta strategy is an attractive programme for institutional investors who are seeking to take advantage of investing in commodities while at the same time are conscious of potential rollyield drag and also the higher cost of active fees. H3 Global has been encouraged by the take up of our enhanced beta programme by institutional investors. We believe its a suitable low-cost vehicle for risk-on, risk-off trading, or as an allocation to a high-growth diversified portfolio, he said. Craig Turnbull, CIO of Local Government Super, added: LGS was impressed by H3 Global's experience and flexibility and its ability to manage to an A$ base. H3 Global is 55% owned by the investment management team and 45% owned by Ascalon Capital Managers. Ascalon Capital Managers supports H3 Global with a range of functions, including business development. For more information contact: Andrew Kaleel Chief Investment Officer H3 Global Advisors (02) 8221 0531 Jason Collins Head of Business Development Ascalon Capital Managers (02) 9017 9732