Portfolio Advantage Product Disclosure Statement and Application Form

Goldman Sachs Australia Managed Funds Limited is the issuer of the Product Disclosure Statement dated 2 August 2010 (PDS) in relation to the offer of the investor-directed portfolio-like service, Portfolio Advantage (the Service).

You may obtain a copy of the PDS and any supplementary product disclosure statement or website update information, free of charge, by calling JBWere Investor Services on 1300 366 790, or by visiting our website www.jbwere.com, or from any JBWere Office.

Offers of the Service are made in the PDS and applications can be made on the application form attached to or accompanying the PDS.

Disclaimer — that must be accepted before you can progress

The PDS does not constitute an offer or invitation in any place outside Australia where, or to any person to whom, it would be unlawful to make such an offer or invitation.

The distribution of the PDS in jurisdictions outside Australia may be restricted by law and persons who come into possession of the PDS should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

Applicants should read the PDS in its entirety, along with any updates or supplementary materials issued by Goldman Sachs Australia Managed Funds Limited from time to time, and seek independent professional advice, before applying for the Service.

No member of the Goldman Sachs Australia Group of companies or JBWere is liable for any loss incurred from relying on this web page, including any loss arising from data corruption occurring through downloading/viewing the PDS.

How to apply

Details of how to apply and where to send your completed application form are set out on in the application form attached to or accompanying the PDS. There is no facility for applications to be accepted electronically.

US persons disclaimer

Offers of the Service may not be offered or sold to, or for the benefit of, any US Person (as defined below). Accordingly, the information contained herein should not be construed as an offer or solicitation to any US Person.

US persons include:

1. any natural person resident in the United States
2. any partnership or corporation organised or incorporated under the laws of the United States
3. any estate of which any executor or administrator is a US Person
4. any trust of which any trustee is a US Person
5. any agency or branch of a foreign entity located in the United States
6. any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a US Person
7. any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organised, incorporated, or (if an individual) resident in the United States
8. any partnership or corporation if organised or incorporated under the laws of any foreign jurisdiction and formed by a US person principally for the purpose of investing in securities not registered under the US Securities Act of 1933, as amended (‘the Act’), unless it is organised or incorporated, and owned, by accredited investors (as defined in Rule 501(a) of Regulation D under the Act) who are not natural persons, estates or trusts.

To view or print the PDS, Adobe Reader must be installed on your computer. If you do not currently have it, you can download it for free from Adobe.

To agree to the terms above and display the PDS, click Accept:

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