Pension 2 Investment Funds

The Pension 2 investment funds are available to investors in the following products:

• Group Pensions for Larger Employers
• Corporate Group Plan
• Corporate Group Additional Voluntary Contributions Plan
• Corporate Retirement Account Plan
• Corporate Executive Pension Plan

The funds listed below are managed by Standard Life Investments. To view another manager's funds please choose from the drop-down menu.

To view fund information in the form of a fact sheet simply click on the name of the fund shown. Please note that these fact sheets are provided in PDF format. Should you wish to view the fact sheets, you must have Adobe Acrobat Reader.

This is free to download at Adobe.

The fund descriptions are intended for individuals who are familiar with investment terminology. Please contact your financial adviser if you need an explanation of the terms used.

You can also view the Lifestyle Profiles available (PDF)

Values shown are displayed in pence.

Fund	Graph	Price	Daily Change			Change Date
SLI Global Absolute Return Strategies Fund		125.5		0.80	0.64%	02/09/2010
Pension 2 Managed Fund		137.8		2.00	1.47%	02/09/2010
Standard Life Investments Select Property Fund		64.1		0.00	0.00%	02/09/2010
Pension 2 Stock Exchange Fund		138.3		2.00	1.47%	02/09/2010
Pension 2 Overseas Fund		123.5		1.20	0.98%	02/09/2010
Pension 2 Cautious Managed Fund		145.8		1.20	0.83%	02/09/2010
Pension 2 UK Equity Fund		123.5		3.30	2.74%	02/09/2010
Pension 2 European Fund		144.2		4.70	3.37%	02/09/2010
Pension 2 North American Fund		87.0		-0.20	-0.23%	02/09/2010
Pension 2 Japanese Fund		67.2		0.50	0.75%	02/09/2010
Pension 2 Pacific Basin Fund		222.4		2.70	1.23%	02/09/2010
Pension 2 Fixed Interest Fund		181.2		-0.20	-0.11%	02/09/2010
Pension 2 UK Fixed Interest Fund		178.2		-0.20	-0.11%	02/09/2010
Pension 2 Overseas Fixed Interest Fund		215.3		-0.90	-0.42%	02/09/2010
Pension 2 Index-Linked Fund		183.2		-1.80	-0.97%	02/09/2010
Pension 2 Property Fund#		180.7		-0.10	-0.06%	02/09/2010
Pension 2 Sterling Fund		146.1		0.10	0.07%	02/09/2010
Pension 2 Ethical Fund		150.9		2.50	1.68%	02/09/2010
Pension 2 Protection Fund		171.8		-1.40	-0.81%	02/09/2010
Pension 2 FTSE* Tracker Fund		121.0		3.20	2.72%	02/09/2010
Pension 2 US Equity Tracker Fund		101.2		0.70	0.70%	02/09/2010
Pension 2 European Equity Tracker Fund		144.5		1.50	1.05%	02/09/2010
Pension 2 Global Equity 50:50 Tracker Fund		136.7		2.10	1.56%	02/09/2010
Pension Cautious Manager of Managers Fund		128.6		1.10	0.86%	02/09/2010
Pension Balanced Manager of Managers Fund		133.4		2.00	1.52%	02/09/2010
Pension Global Equity Manager of Managers Fund		131.8		2.20	1.70%	02/09/2010
Pension UK Equity Manager of Managers Fund		134.2		3.60	2.76%	02/09/2010
Pension Overseas Manager of Managers Fund		126.6		1.00	0.80%	02/09/2010
Pension 2 UK Opportunities Fund		164.2		0.90	0.55%	02/09/2010
Pension 2 Corporate Bond Fund		160.1		0.40	0.25%	02/09/2010
Pension 2 UK Equity Select Fund		184.5		5.10	2.84%	02/09/2010
Pension 2 Global Equity 50:50 Fund		161.4		3.10	1.96%	02/09/2010
Pension 2 Overseas Tracker Fund		131.9		0.50	0.38%	02/09/2010
Pension 2 Managed Cash Fund		100.1		0.00	0.00%	02/09/2010
Standard Life Investments UK Smaller Companies Fund		247.9		1.70	0.69%	02/09/2010
Standard Life Investments Global Equity Unconstrained Fund		100.7		0.40	0.40%	02/09/2010
Standard Life Investments Higher Income Fund		113.3		0.30	0.26%	02/09/2010
Standard Life Investments UK Equity High Income Fund		85.3		0.40	0.47%	02/09/2010
Pension 2 Long Corporate Bond		119.9		0.50	0.42%	02/09/2010
Pension 2 Individual Property Fund ##		73.6		-0.10	-0.14%	02/09/2010
Standard Life Investments Global Reit Fund		59.6		0.10	0.17%	02/09/2010
Standard Life Investments Dynamic Distribution Fund		105.0		0.40	0.38%	02/09/2010
Standard Life Investments AAA Income Fund		112.9		0.50	0.44%	02/09/2010
Standard Life Investments Select Income Fund		119.1		0.30	0.25%	02/09/2010
Standard Life Investments UK Equity Growth Fund		105.4		0.60	0.57%	02/09/2010
Pension Strategic Bond Fund		122.4		0.40	0.33%	02/09/2010
Standard Life Investments UK Equity Recovery Fund		105.5		1.00	0.96%	02/09/2010
Standard Life Investments European Equity Income Fund		102.8		1.30	1.28%	02/09/2010

# The Pension 2 Property Fund is not available under the Corporate EPP contract.

*FTSE

*FTSE International Limited ("FTSE") does not sponsor, endorse, or promote this fund. All copyright in the index values and constituent list vests in FTSE. Standard Life Assurance Limited has obtained licence from FTSE to use such copyright in the creation of this fund. "FTSE®" is a trade mark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under licence.

About These Prices

The price shown is the price at which units in each of the Investment Funds are both bought and sold on 02/09/2010. These prices are for information purposes only. For more information on the actual unit prices that will be used when a transaction is carried out please contact us.

Your Investment

The value of your investment can go down as well as up. The sterling value of overseas assets in these funds may also rise and fall as a result of exchange rate fluctuations. In order to maintain fairness between unitholders remaining in and unitholders leaving a fund, we may, in exceptional circumstances, delay transferring or switching all or part of your funds for up to one month or, in the case of units of a fund which invests directly or indirectly in buildings or land, for up to six months. The delay could be much longer if the fund is linked to an external fund manager and that fund allows a longer delay. If we delay the transfer or switch, we will use the unit prices that apply on the day that the transfer or switch actually takes place.