Media Release By Ross Wilson Chair ACC Board

ACC Investment Performance

“Some media commentators today have created a misleading impression of ACC’s investment performance by suggesting that it has suffered major losses on its investments. This is not the case”.

“In the first seven months of the current financial year to January 2009, ACC’s investments showed a return of 2.73%”.

“This is a positive result in very difficult market circumstances, and reflects the expertise and commitment of the staff of the ACC Investment Unit.”

4th March 2009

ENDS