Cash is one of Equipsuper's Sector Specific options, which means all the money is invested in a single asset class - cash. You should proceed cautiously when investing in any Sector Specific option and we strongly recommend diversifying your investments to reduce risk and volatility over the long term. To diversify your investments, you can invest in multiple Sector Specific options, or combine Sector Specific options with any of the Equipsuper Diversified options. We provide an outline of factors influencing the risk associated with investing in Overseas Shares on this page.

Strategy Invest in money market securities such as bank term deposits and bank bills. 10-Year Performance - Cash This is how the Cash option performed over the ten years to 30 June 2011. Net annual returns# Superannuation Pensions 30 June 2011 4.4% 5.1% 30 June 2010 3.4% 4.0% 30 June 2009 4.7% 5.5% 30 June 2008 6.4% 7.4% 30 June 2007 5.6% 6.5% 30 June 2006 4.9% 5.8% 30 June 2005 5.0% 5.7%

Comment on performance This is not just money in the bank but also money invested for a short time in money market securities such as bank term deposits and bank bills. Over the long term, cash will deliver lower returns than growth assets. However, there are times when the regular income payments that cash provides make this type of investment attractive. Comment on risk The risk associated with cash investments (money in the bank and term deposits) is generally minimal, although the investment upside is also minimal. Cash is a safe haven in times of economic uncertainty and occasionally you may wish to preserve capital by allocating some of your super to cash.

# Note that past performance is no indication of future performance.