The final result for December 2007, which is calculated by Carnegie Fund Management (the Fund's administrator) was +0,63%. Our estimated result of +0,01% was too low. We apologize for any inconvenience. December 2007: Share class A - NAV 102.79 (+0.63%) Share class I - NAV 103.81 (+0.69%) Year 2007: Share class A: + 0.74% Share class I: + 1.53% Best regards Casper Hallas CEO & Portfolio Chief SCANDIUM ASSET MANAGEMENT Toldbodgade 51C, 1st. Fl. 1253 Copenhagen K Dir: +45 35 55 55 01 Mobile: +45 22 26 11 21 Fax: +45 35 55 55 05 www.scandiumam.com