1. ITC Presentation to Intermediaries 26th November 2009 2009 ITC Powerscourt Dynamic Portfolio

2. New Environment National debt at 7.30am this morning is €74,636,824,000 What will it be at 9am?

4. Over exposure to property

5. Liquidity

7. Financial Planning Tax relief Asset class 50% better than AVC

8. Why BES? Tax relief between both parties (up to €300,000 in any one year). All income. On exit, tax is charged at CGT rate as opposed to income tax rate. Early access to cash, i.e. 6 year target investment. There are limited reliefs available going forward, Provides access to a private equity investment. The tax break reduces the sum at risk.

10. Helps to reduce the client’s effective tax rate

11. Provides a private equity investment play

13. Access to expertise in private equity

14. Provides the ability to win new clients

16. Conor Moran Powerscourt Capital Partners

18. Sean Melly and Conor Moran

19. Philosophy of transparency and partnership

21. 2008 Investments

23. Fraud Prevention Technology