HSBC Bank Middle East Limited

Sponsors

HBME and Daman are the Sponsors of the Trust and as such will each subscribe for and retain Units having an aggregate value equal to the lower of (a) US$20,000,000 or (b) 10% of the total commitments to the Trust.

HBME has an extensive network throughout the region. In 2006, HSBC received the following awards in the Middle East:

• Best bank in the Middle East - Euromoney Magazine
• Best Trade Bank in the Middle East - Global Finance Magazine
• Best Investment Bank in Saudi Arabia - Euromoney Magazine
• Best in Cash Management - Euromoney Magazine
• Best Trade Bank in the Middle East - Trade Finance Magazine
• Best for Project Finance in Middle East - Pipeline Magazine
• Best Bank for Payments and Collections in Middle East - Global Finance Magazine
• Best Cash Management in Middle East - Global Finance Magazine
• Most Outstanding Islamic Private Bank - Islamic Finance Forum

For further information on HSBC Bank Middle East please visit their website:

www.uae.hsbc.com