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LEGAL MATTERS

</U>Santel Limited, Avenue Limited, Janow Properties Limited and Alfa Capital Markets Incorporated against IPOC International Growth Fund. June 15, 2006. Cox Hallett Wilkinson.</U>Ralph Terceira is applying to incorporate a local company with limited liability to be called Lilly Field Limited.</U>Big Yellow Investment (Bermuda) Limited. Liquidator Robin Mayor.

WRITS

Santel Limited, Avenue Limited, Janow Properties Limited and Alfa Capital Markets Incorporated against IPOC International Growth Fund. June 15, 2006. Cox Hallett Wilkinson.

INCORPORATIONS

Ralph Terceira is applying to incorporate a local company with limited liability to be called Lilly Field Limited.

WIND-UPS

Big Yellow Investment (Bermuda) Limited. Liquidator Robin Mayor.

Chevrontexaco China Energy Limited. Liquidator Gary Pitman.