Estimated Net Asset Value(s)

MW Indices PLC MW TOPS Global Alpha (the "Fund") ESTIMATED NET ASSET VALUE OF SHARES The estimated net asset value per share ("NAV") of each of the undermentioned three classes of shares of no par value in the Fund as at the close of business on 08 March 2010 is: | | | Share Class | GBp | EUR | USD ----------------+--------------+---------------+--------------- ISIN | IE00B51SRD92 | IE00B50TKR85 | IE00B52F6F48 | | /DE000A1A4E90 | | |   | ----------------+--------------+---------------+--------------- NAV per share | 1,000 | 10.00 | 10.00 | | | These NAVs are estimates only.  The making of such estimates involves known and unknown risks, uncertainties and other factors which may cause the estimated results, performance or achievements to be materially different from any actual results, performance or achievements.  Except as required by applicable law, the Company expressly disclaims any obligation to update or revise such estimates to reflect any change in expectations, new information, subsequent events or otherwise. [HUG#1391990]