ABOUT CENTURY AUSTRALIA

Century Australia is a listed investment company that has been established to provide investors

with access to the investment style and expertise of 452 Capital, one of Australia's leading

boutique funds management companies which has delivered outstanding performance.

INVESTMENT OBJECTIVE

The investment objective of the Company is to provide long-term capital growth and income by

investing in quality, undervalued Australian companies.

INVESTMENT PHILOSOPHY

The fundamental investment philosophy underpinning the Manager's active bottom-up approach to

portfolio management is the belief that the share prices of listed companies often fail to reflect

their inherent fair valuation. These differences occur as a result of imperfect information and/or

market inefficiencies. A disciplined investment process that aims to identify quality undervalued

companies thus aims to exploit those inefficiencies and deliver consistent long-term investment

performance.