The investment objective of the Kagiso Islamic Fund is to provide steady capital growth and a total portfolio return that is better than the average domestic general equity fund. The generation of income is of secondary importance. In order to achieve these objectives the portfolio will employ a fundamental, bottom-up stock picking strategy, coupled with a proprietary multi-factor investment model and process. The portfolio will generally be fully invested in a diversified portfolio of equity securities, subject to the statutory investment limitations. The portfolio will have a minimum equity exposure of 75%. The fund will not invest offshore. The portfolio will not invest in any interest bearing instruments. The portfolio's main bank account is with ABSA bank, and will make use of ABSA's Islamic banking services which cater specifically to Shariah Fund compliance. The portfolio may also include participatory interests or any other form of participation in portfolios of collective investment schemes or other similar schemes only where the scheme's initial registration is in South Africa. Nothing in this supplemental deed shall preclude the manager from varying the ratios of securities, to maximise capital growth and investment potential in a changing economic environment or market conditions or to meet the requirements, if applicable, of any exchange formally recognised in terms of legislation and from retaining cash or placing cash on deposit in terms of the deed and this supplemental deed; provided that the manager shall ensure that the aggregate value of the assets comprising the Kagiso Islamic Equity Fund shall consist of securities and assets in liquid form of the aggregate value required from time to time by the Act. For the purposes of the Kagiso Islamic Equity Fund the manager shall reserve the right to close the portfolio to new investors. This will be done in order to be able to manage the portfolio in accordance with its mandate. This critical size shall be determined from time to time by the manager. Shari'ah Compliance: Subject to the provisions of clause 3.1 to 3.5, the Manager shall ensure that the Kagiso Islamic Equity Fund be managed in accordance with the guidelines and standards as set from time to time by the Accounting and Auditing Organization for Islamic Financial Institutions. To comply with these guideline and standards the Manager shall: Appoint a Shariah Supervisory Board in accordance with the relevant Governance Standards of the Accounting and Auditing Organization for Islamic Financial Institutions; and On request, make available to each investor in the Kagiso Islamic Equity Fund, together with the annual financial statements of the Kagiso Islamic Equity Fund, a copy of the annual report of the Shariah Supervisory Board referred to in clause 3.6.1 above, which report shall be complied in accordance with the Governance Standards of the Accounting and Auditing Organization for Islamic Financial Institutions.