Ray White Invest Service Centre Trust - Independent Research

A+ rating from PIR

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Disclaimer:
Ratings vary with investor profile, do not take into consideration personal circumstances and should not be relied upon in isolation - refer full research report (available from the Issuer) for key assumptions and risks. Please refer to www.pir.com.au for further information.

"Quality" rating from MIA

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Disclaimer:
The Managed Investment Assessments Pty Ltd (‘MIA’) rating is current as at December 2006. Ratings can change or cease at any time and should not be relied upon without referring to the meaning of the rating. MIA has not directed the publication of Ray White Invest Service Centre Trust’s rating. MIA is a strategic partner of van Eyk Research Limited. This report is available to subscribers at www.miaresearch.com