EMAIL DETAILS

Dear Arlene, Hunter & Eric,

Please be informed that we have made some changes to the management of IPM. Effectively Jonas Rinné, previously CEO, is now Chairman, while I am President & CEO. Please refer to the attached letter. Please also note that this is not public until Friday next week as we need to talk to all clients first.

Best regards,

Anders


IPM Informed Portfolio Management
S/B: +46 8 20 19 29
Mob: +46 708 20 19 29
Fax: +46 8 50 68 59 53
www.ipm.se<http://www.ipm.se>
P Please consider the environment before printing this e-mail
This email and any attached files are confidential and may be legally privileged. If you are not the addressee(s), any disclosure, reproduction, copying, distribution, or use of this communication is strictly prohibited. If you have received this transmission in error please notify the sender immediately and then delete this email. Email transmission cannot be guaranteed to be secure or error free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept liability for any errors or omissions in the contents of this message, which arise as a result of email transmission. If verification is required please request a hardcopy version. IPM Informed Portfolio Management AB is authorised and regulated by the Swedish Financial Supervisory Authority.