1. Performance numbers for 1-week and year-to-date are stated as at the last business day of each week. Monthly, annual and total return performance numbers are stated as at the last official monthly valuation date for each fund. On January 1, 2011, the BluMont Hirsch Performance Fund changed its performance fee calculation methodology from a unitholder level to a fund level. Prior to January 1, 2011, the monthly, annual and total return performance numbers for the BluMont Hirsch Performance Fund represented the hypothetical returns of a unitholder as if the unitholder had invested on the first day of the fund's operations with all distributions reinvested in the fund and after deductions for performance fees and operating expenses. Starting on January 1, 2011, the monthly, annual and total return performance numbers for the BluMont Hirsch Performance Fund are based on the last official monthly valuation, net of performance fees.

2. CARR: Compound Annual Rate of Return since inception. Inception dates for the above Funds are as follows: September 11, 1997 for BluMont Hirsch Performance Fund; August 27, 1997 for Exemplar Leaders Fund; May 20, 2008 for Exemplar Canadian Focus Portfolio; May 20, 2008 for Exemplar Global Opportunities Portfolio; May 1, 2009 for Exemplar Diversified Portfolio; May 27, 2011 for Exemplar Market Neutral Portfolio; August 27, 2011 for Exemplar Global Infrastructure Fund; November 24, 2009 for Exemplar Canadian Focus Portfolio Series R; March 25, 2003 for BluMont Man-IP 220 Series 1 Notes; July 18, 2003 for BluMont Man-IP 220 Series 2 Notes; April 25, 2006 for BluMont Man-IP 220 Series 3 Notes; November 17, 2006 for BluMont Man-IP 220 Series 4 Notes; November 25, 2003 for the BluMont Man Multi-Strategy Series 1 Notes; February 27, 2004 for the BluMont Man Multi-Strategy Series A Notes; March 29, 2004 for the BluMont Man Multi-Strategy Series 2 Notes; July 22, 2004 for the BluMont Man Multi-Strategy Series 3 Notes; December 7, 2004 for the BluMont Man Multi-Strategy Series 4 Notes; April 29, 2005 for the BluMont Man Multi-Strategy Series 5 Notes.

Important Information:
Monthly calculations for the above funds are based on Net Asset Values after deductions for management fees, performance fees and operating expenses. Commissions, trailing commissions, management fees and expenses all may be associated with fund investments. The indicated rates of return are the historical annual compounded total returns, including changes in share values and reinvestment of all distributions, and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder which would have reduced returns. The values of the above funds are not guaranteed and change frequently. Past performance is not indicative of future results. This communication contains certain information about BluMont Capital but is not, and under no circumstances is it to be construed as, a public offering to sell, or a solicitation of an offer to buy products. An eligible investor should refer to a fund's confidential offering memorandum, prospectus or information statement. Investors are cautioned that data based on less than 5 years results may not be sufficient to establish a track record on which investment decisions should be made. BluMont Capital is a registered trademark of BluMont Capital Corporation.