Subject: IPM update
From: "Anders Lindell - IPM" <[email-masked]>
To: "Arlene Busch" <[email-masked]>, "R. Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>
Date: Wed, 1 Jun 2011 12:31:33 +0000

Dear Arlene, Hunter & Eric,

Please be informed that we have made some changes to the management of IPM. Effectively Jonas Rinné, previously CEO, is now Chairman, while I am President & CEO. Please refer to the attached letter. Please also note that this is not public until Friday next week as we need to talk to all clients first.

Best regards,

Anders

IPM Informed Portfolio Management
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