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ACC’s policy on tobacco investments

2 December, 2005

ACC’s policy on tobacco investments

ACC does not have any direct internally managed investments in any tobacco companies. ACC does however invest part of its funds through overseas external fund managers.

The Chairman of the Board of ACC believes the Board will be totally opposed to ACC having any investments in tobacco companies. ACC is already reviewing its investment instructions to external fund managers in relation to any indirectly managed investments in tobacco companies.

ENDS

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