Return of Capital

20 September 2012

We are pleased to advise that a return of capital payment totalling $6.6 million has been processed.

All PFMF Unitholders on the register as at 3 September 2012 have now received a capital repayment of $0.0075 per ordinary unit held.

Unitholders will either receive a cheque or have their nominated bank account credited, as per their current payment preference. Please note that cheques will be issued on 21 September 2012.

Please note: If you have elected for your account to be direct credited, your capital payment will appear as ‘Distribution’ in the transaction description.

2012 Tax Statements

The June 2012 Tax Statements for the Pacific First Mortgage Fund (the Fund) are now being finalised and will be mailed to Unitholders in the coming weeks.

In the interim, we can advise that the taxable income of the Fund for the financial year ended 30 June 2012 is zero.

A Fund update will be despatched with the Annual Financial Report (Accounts) and the Periodic Statements for the year ended 30 June 2012.

If you have any questions or require any further information, please contact the Balmain Trilogy Client Services team on 1800 194 500.