Unitholder Enquiries
Phone: 1300 553 481
Facsimile: (08) 8131 3282
Email: registry@maccoul.com.au


As announced on 22 March 2010 by Equity Trustees Limited, the Responsible Entity for the TI Fund Series, the TI Intercept Capital Fund, the TI Technology Investment Fund and the TI Explicit Alpha Fund are being closed and monies will be returned to Unitholders. Assets have now been realised and final accounts are being prepared for audit. It is anticipated that Unitholders will receive the proceeds of their investments by 30 April 2010.

Latest Prices 30 March 2010

Fund Application Price Net Asset Value Redemption Price
TI Intercept Capital Fund $0.8703 $0.8677 $0.8651
TI Technology Investment Fund $0.5397 $0.5381 $0.5365
TI Explicit Alpha Fund $0.7629 $0.7606 $0.7583

Historical prices for all funds are available by calling
McKenzie Coultas Funds Administration Pty Ltd on 1300 553 481.

2009 Fund Distributions
Unitholders as at 30 June 2009 are entitled to the following distributions:

Fund Distribution
TI Intercept Capital Fund # $0.230274
TI Technology Investment Fund Nil
TI Explicit Alpha Fund* $0.025860

# Distribution Components for TI Intercept Capital Fund
Distribution Received (cents/unit) Tax Credits (cents/unit) Taxable Income (cents/unit)
Australian Interest Income 2.0753 2.0753
Capital Gains-Others 20.4411 20.4411
Foreign Income 0.5738 0.0628 0.5110
Total Distribution 23.0902 0.0628 23.0274


* Distribution Components for TI Explicit Alpha Fund
Distribution Received (cents/unit) Tax Credits (cents/unit) Taxable Income (cents/unit)
Australian Interest Income 0.3814 0.3814
Capital Gains-Others 1.3282 1.3282
Foreign Income 1.2846 0.4082 0.8764
Total Distribution 2.9442 0.4082 2.5860

2009 Year End Valuation

To assist with valuing your holdings for year-end, the following table shows pre-distribution unit prices for 30 June 2009.

Fund Application Price Net Asset Value Redemption Price
TI Intercept Capital Fund $1.1139 $1.1106 $1.1073
TI Technology Investment Fund $0.5005 $0.4990 $0.4975
TI Explicit Alpha Fund $0.7331 $0.7309 $0.7287

The Responsible Entity

The Responsible Entity for TechInvest's Australian retail funds is Equity Trustees Limited.