Page 61 - ASCOT GROUP COMPLETE DOCUMENT (2)

Set-up US$
Company Capital MNTA Expenses Total

Ascot Group 500,000 500,000
Ascot Life 8,750,000 7,697,145 16,447,145
Ascot Investment Management 31,250 62,500 93,750
Ascot Fiduciaries 250,000 250,000
Ascot Distribution (FE) 4,658,618 4,658,618
Ascot Services 5,280,832 5,280,832
Ascot International (SAC) 1,098,005 1,098,005
Ascot Distribution (Bermuda) 625,000 625,000
Ascot Financial Adviser 1,000,000 1,000,000
10,754,255 62,500 19,136,595 29,953,350

Notes

MNTA is Minimum Net Tangible Assets (to be maintained on an ongoing basis)