Press Release 20 April 2006 SIML’S GLOBAL PROPERTY SECURITIES FUND BREAKS THROUGH £100 MILLION MARK Skandia Investment Management Ltd (SIML), the asset management business of the Skandia Group, today announced that its popular Global Property Securities (LaSalle) Fund now has in excess of £100 million assets under management. Launched in October 2005, the fund had grown to £50 million by early March this year, then it doubled in size again over the past six weeks. Property has proved a popular ISA investment in the run up to the end of the tax year and SIML has figured well in advisers’ recommendations. SIML formed a unique partnership with LaSalle Investment Management Securities, one of the world’s leading property specialists, to launch the Skandia Global Property Securities (LaSalle) Fund. The launch gave UK financial advisers exclusive access to a world class global property manager with more than 20 years of investment experience and $6.2bn (£3.5bn)* of assets under management in listed real estate securities. The fund aims to achieve long term capital growth and income for sterling investors through investment in a globally diversified portfolio of property-related securities, such as real estate investment trusts (REITs). In addition to the Global fund, SIML also launched a UK bricks and mortar property fund in December 2005. Both funds can be held within an ISA wrapper and together give SIML one of the widest ranges of property ISA funds in the market. The bricks and mortar fund has already attracted inflows of £50m and currently stands at over £325m. Jamie MacLeod, SIML’s Chief Executive Officer, commented: “SIML has constantly sought to remain at the forefront of innovation and this fund is the latest in a series of differentiated launches. We are extremely encouraged by the financial adviser response to this Fund. When introducing a new asset class it can take time for investors to become comfortable with it, but the strength of this proposition has seen it gain significant traction immediately. It has also been helped recently by the buoyant ISA season enthusiasm for property and also the focus on REITs after the Chancellor’s budget statement.” * as at end Feb 2005.