Australian Masters Yield Fund No 2 Limited

The Australian Masters Yield Fund No 2 (‘AMYF2’) was established to provide Australian and New Zealand retail investors access to the wholesale fixed income market through a cost effective corporate structure. AMYF2 raised $42.5 million through a prospectus raising completed in May 2011.

The Company provides access for Australian and New Zealand domiciled retail investors to an underlying portfolio of fixed income securities.

The Company is managed by Walsh & Company Asset Management Pty Limited. The portfolio is primarily static in nature, however where the Manager identifies attractive opportunities, a more active strategy may be adopted.

The Company expects to pay quarterly dividends per year, which will be franked to the extent possible. The Company will seek Shareholder approval to execute capital returns from time to time, passing capital proceeds derived from the maturity of fixed income securities back to investors.