Global Investments Limited – Proposed Change In The Manager Of The Company

Date: November 13, 2009

Independent directors of Global Investments Limited (formerly known as ‘Babcock & Brown Structured Finance Fund’), Mr Sanjiv Misra and Mr Dilhan Pillay Sandrasegara spoke with the SIAS Corporate Governance Committee (Mr Vincent Chen, Mr Ang Hao Yao, Mr Kenneth Pang, together with President & CEO of SIAS, Mr David Gerald) on the above subject. We discussed the concerns of shareholders arising from the recent publicity relating to the proposed appointment of a replacement manager that was selected by seven independent directors following consideration of the recommendations of the company’s Strategic Adviser, Standard Chartered Bank.

We are informed that the independent directors believe that the proposed change in manager of the company is in the best interest of shareholders due, among others, to the very limited benefit in a continued relationship with the Babcock & Brown Group, the credibility and expertise of the proposed replacement manager and the competitive fee structure offered by it. SIAS notes the seriousness of the situation and the fact that shareholders are currently holding shares substantially below the IPO price and the Net Asset Value.

SIAS urges all shareholders to attend the Special General Meeting scheduled for 25 November 2009 or to send in their proxies to ensure their interests are protected and their voices heard. Shareholders need to appoint a manager with a strong track record and credibility. Failure to attend this meeting or vote by proxy, by 9am on 23 November 2009, may result in a decision that does not reflect the wishes of the majority.

IN ORDER TO ASSIST SHAREHOLDERS TO MAKE AN INFORMED DECISION AND TO HAVE CLARITY ON THE ISSUES, SIAS WILL HOLD A PUBLIC FORUM ON 20 NOVEMBER 2009, 6.30PM AT 168 ROBINSON ROAD, CAPITAL TOWER, LEVEL 9. To attend this forum, please register with SIAS via email at or call 62272683. Seats are limited to 200.

David Gerald
President & CEO