Apex Fund Services Certified With SAS 70 Type II

Apex Fund Services (Ireland) Limited has successfully obtained a Statement of Auditing Standards (SAS) 70 Type II report from its independent auditors, Deloitte Haskins & Sells, in respect of its Fund Administration operation based in Midleton, Ireland. The independent examination

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Apex Fund Services (Ireland) Limited has successfully obtained a Statement of Auditing Standards (SAS) 70 Type II report from its independent auditors, Deloitte Haskins & Sells, in respect of its Fund Administration operation based in Midleton, Ireland.

The independent examination evaluated the description and design of Apex Fund Services (Ireland) Limiteds specified controls as of 15 December 2008, and the operating effectiveness of the specified controls for the period from 1 March to 15 December 2008.

We are transitioning through incredible times and only the fittest will survive this recession through focus on excellence and investment in technology and control structures, says John Bohan, group operations manager and managing director, Apex Fund Services (Ireland) Limited.

I am very pleased that through the hard work of our staff and focus on quality that Apex Fund Services (Ireland) Ltd has obtained SAS 70 Type II report. It further strengthens the Apex Fund Services name globally and adds to our list of both SAS 70 reports obtained in other offices and recognized awards within the industry for performance and services standards.

We remain a fully independent fund administrator with strong growth and pipelines and have remained true to our original goals of focus on quality, attention to detail and value. We look forward to strong growth in 2009 and beyond and entering new markets through growth or acquisition.

L.D.

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