Six new OpenWorld^® funds to launch
Investors are invited to join conference calls with the managers

In addition to the 5 OpenWorld^® funds that are currently live, we are delighted to announce that seed assets have been secured for a further 6 OpenWorld® funds which will be launching between February and April 2010.

The funds which will launch and the funds which are already live are shown below. Please click on the links to see more information on the manager hired and the fund terms:

Each fund is open-ended and has either daily or weekly liquidity, and investors are not committed for any specific time period. The funds will launch with between $20m and $35m per fund depending on the strategy.

We will be holding a series of open conference calls with the first four of these managers (1-4 in the list above) over the next 6 weeks, at which you will be able to question the manager directly. Conference calls with the managers of the Japan Small Cap Equity fund and Focus Emerging Europe Equity fund will be held at a later date.

If you are interested in attending one or more of these calls, please follow the link below and we will contact you with the arrangements:

• Register your interest for the conference call(s)

Please contact your usual Russell client representative if you have any questions, or email the OpenWorld® team on openworld@russell.com.