We are pleased to announce that both Ress Life Investments A/S in Denmark and Ress Life Fund in Luxembourg were launched end of April. Ress Life Fund will now begin sourcing US life insurance policies in order to construct a broad and diversified portfolio of life insurance policies. We are convinced that the time is right to diversify your portfolio with high yielding insurance linked life settlements.

We are pleased to announce that our advisory board member, Howard Flight, has been nominated by the British Prime Minister to the House of Lords. Lord Flight became a member of the House on 13 January, 2011.  We wish to congratulate Lord Flight on this achievement.

We are pleased to announce that Ress Uncorrelated Assets Fund has received its visa stamp from the Commission de Surveillance du Secteur Financier (CSSF), the regulatory authority in Luxembourg. Ress Uncorrelated Assets Fund is an umbrella fund and Ress Life Fund, the first sub-fund will invest in the secondary market for US life insurance policies, also known as life settlements. The fund will purchase a large and diversifed portfolio of life settlements offering returns which are highly uncorrelated to most other asset classes.

Ress Capital AB is pleased to announce that Mikael Holmberg has joined the company board as a non-executive director. Mikael has a background within management, financing and accounting and has worked within the Kinnevik group of companies since 1983. Past group positions include Controller and later Managing Director of Invik & Co. AB, CFO of Investment AB Kinnevik, and Deputy Managing Director of Banque Invik S.A. As head of the European part of the single family office of Cristina and Max Stenbeck, Mikael is presently Managing Director and based in Luxembourg. Mikael has studied economics with focus on strategic planning and control at the University of Lund, Sweden.