KBC Master Fd.CSOB P.P.S.90/  BE0947168606  /

KBC Master Fund CSOB Portfolio Pro Srpen 90 aims to (1) achieve the highest possible return by making investments in line with the investment strategy of CSOB Asset Management and (2) observe an annual floor. The fund invests directly or indirectly in riskier assets (such as shares, equity (share) funds, medium and long-term bonds, certain money market instruments, alternative investments (including real estate, financial instruments linked to commodity market price movements, etc.) and/or in less risky assets (such as certain money market instruments, short-term bonds, cash, etc.).The target allocation is as follows : a minimum of 50% shares and/or share-related investments ( share component ) and 30% bonds and/or bond-related investments and/or money market instruments ( bond component ). The fundmay deviate from the target allocation on the basis of the investmentstrategy of CSOB Asset Management (see www.csob.cz - Profile Funds) and/or as a result of observing the floor. It is therefore possible for the fund to invest in asset classes that are not included in the target allocation. The assets are broken down by their level of risk. The riskier assets are aimed at generating returns, while the less risky assets are intended to enable the floor to be observed. Changes in the target allocation are the result of active management aimed at achieving the fund's dual objectives. The floor is set as follows : for the first year (up to and including July 31 , 2008) 90% of the initial subscription price, and for subsequent years 90% of the net asset value on the last banking day of the previous July. The fund does not offer any capital protection* or guarantee*, nor a guaranteed return. The share component invests in a worldwide selection of stocks.

KBC Master Fund CSOB Portfolio Pro Srpen 90 aims to (1) achieve the highest possible return by making investments in line with the investment strategy of CSOB Asset Management and (2) observe an annual floor. The fund invests directly or indirectly in riskier assets (such as shares, equity (share) funds, medium and long-term bonds, certain money market instruments, alternative investments (including real estate, financial instruments linked to commodity market price movements, etc.) and/or in less risky assets (such as certain money market instruments, short-term bonds, cash, etc.).The target allocation is as follows : a minimum of 50% shares and/or share-related investments ( share component ) and 30% bonds and/or bond-related investments and/or money market instruments ( bond component ). The fundmay deviate from the target allocation on the basis of the investmentstrategy of CSOB Asset Management (see www.csob.cz - Profile Funds) and/or as a result of observing the floor.