Basis Capital Funds Management
 

Update to Investors

 7 April 2008

Dear Investor

Basis will return to Court on April 28th to attempt to finalise the appointment of representative defendants for its legal proceedings and any further directions.

These proceedings are designed to determine the status of existing Members of the Fund as well as June Applicants and Redeemers. At Court today a hearing date to determine these matters was provisionally set for June 24th and 25th.

Basis will continue to keep you informed of progress.

Please feel free to contact us if you have any further questions.


Yours sincerely

Basis Capital Funds Management Limited

Basis Capital Funds Management Limited
Level 37, Gateway Building
1 Macquarie Place
Sydney NSW 2000

P: +61 2 8234 5500
F: +61 2 8234 5501
www.basiscap.com.au

Basis Yield Fund ARSN: 107 898 948
Basis Capital Funds Management Limited ACN: 092 478 441; AFSL: 230 576


If you would like to stop receiving monthly updates, please respond to this email with the word “UNSUBSCRIBE” in the subject line.

Disclaimer:
This email and its attachments are intended for the addressee only. The Investment Manager and Investment Advisor or any affilliates and their Directors and Officers, accept no responsibility for the accuracy of its contents nor for the forwarding, interception or other means by which any person other than the intended recipient, gains access to this email and its attachments. The information contained in this newsletter is for information purposes only and is not to be relied on as a recommendation or forecast by the investment manager, investment advisor or any related party. The Investment Manager, Investment Advisor or its affiliates assume no liability for any inaccurate, delayed or incomplete information, nor for any actions taken in reliance thereon. Under no circumstances will the Investment Manager, Investment Advisor and its affiliates be liable for any loss including, but not limited to direct, indirect, incidental, special or consequential damages caused by using the information. Additional information is available upon request. Past performance is not necessarily indicative of future performance. This email and attachments are for information purposes only and do not constitute an offer to invest in any fund mentioned. Nothing in this email or attachments should be construed as either an offer to sell or a solicitation of an offer to buy or sell any investments in any jurisdiction. Fund risks are outlined in the relevant current Confidential Information Memorandum and Product Disclosure Statement. The reader or user of this information should obtain their own advice from a financial advisor before making any decision in relation to the matters in this email or its attachments.