Strategy ("AGS") Gross/Net Exposure and Net Performance 200% 180% Gross Net 160% 140% 120% 100% 80% -- 60% 40% 20% - 096 ,,,,,, ,,,,, inn -nun-win nit Jon-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jon-09 Jan-10 Jan-I I Jan-12 Jan-13 Jan Feb Mar Apr May Jun Jul