A Tax Effective Spread Bet Account

Highlights:

• Offered through our partner Capital Financial Markets Limited
• An innovative alternative to direct investment in the PIA firstcapital Alpha managed futures programmes, delivering equivalent  investment performance
• But Kinesis returns are tax free (no CGT and no income tax)
• Tax treatment occurs because Kinesis is structured as a spread bet on an index that tracks the PIA firstcapital investment programmes’ performance
• Returns from spread bets are tax free in the UK

Capital Financial Markets Limited is a subsidiary of Capital International Limited (CIL) who provides international dealing, custody, investment management and portfolio administration services. At the time of publication, CIL administered over $4 billion of assets. CIL is a member of the London Stock Exchange and is licensed by the FSC. CIL is a member of the Capital International Group. For more information please see the following  CFM PIA firstcapital Alpha Indices Operating Memorandum.

For further information, please contact Capital Financial Markets Limited:

Capital International Limited

Telephone:  +44 (0) 1624 654200

DDI:             +44 (0) 1624 654213

Facsimile:    +44 (0) 1624 654201

E-mail:         a.kelsey@capital-iom.com

website:       www.capital-iom.com

Note : PIA firstcapital do not advise on spreadbets.