PHILLIP CAPITAL MANAGEMENT (S) LTD

Phillip Capital Inc. Inc. was formed in 2010 and is a Futures Commission Merchant (FCM) with full clearing membership to the Chicago Mercantile Exchange CME, CBOT, COMEX, NYMEX, ICE US, NFX, and CFE. We are also a Broker-Dealer that offers correspondent clearing services for US equities. We are based in Chicago, IL and located at the historic Chicago Board of Trade building. We are part of the Phillip Capital Group of Companies that has headquarters in Singapore. We are a member of the PhillipCapital group of companies. Established in 1975 as a stock broking firm in Singapore, the Group has since diversified to offer a comprehensive suite of financial services including broking of futures, foreign exchange, equities, fixed income, bonds, unit trusts, real estate, and insurance. With shareholder's equity greater than 1 billion and global assets under custody greater than 18 Billion, the group has been profitable each year since its founding. Phillip Capital employs more than 3,500 people worldwide, with its major interests in Singapore, Hong Kong and other member companies operating in China, Japan, Malaysia, Thailand, Indonesia, Sri Lanka, United Kingdom, France, Australia and Turkey. Phillip Futures Inc. is the first foray into the US, and thus an important move for Phillip Capital. Through the PhillipCapital group of companies, Phillip also has direct memberships in Asia with OSE, TSE, TOCOM, SGX, HKEX, BURSA, ICDX, TFEX, and TDE. Phillip Capital and Phillip Capital Inc. are privately owned and focused on serving the needs of our customers.