HISTORY OF CCPM AG
  1991       2005    
  History:   Foundation of CCPM GmbH in Bad Homburg,   History:   Baader Bank AG takes
      Introducing Brokerage for Institutional and       a holding of 19.96% in the CCPM GmbH
      Private clients specialized on derivates   Products:   Athena OSP Index Certificate,
  1997           CC Athena OS Fund Ltd.,
  History:   Hans J. Metzler is appointed CEO,   Awards:   Barclay - Top 3 placement both in net yield
      Start of portfolio management       and in the risk figures
  1998           Eurekahedge - 5 times Top 10 placements
  History:   Foundation of the online-broker direcct.AG       in the risk figures
  Products:   Inception of the Athena OSP program   2006    
  1999       History:   Baader Bank AG increases
  Products:   Start of the Pharos and SHP Dynamik       stake in the CCPM GmbH to 49.96%
      trading strategies       In August 2006 CCPM GmbH changed its
  2000           legal form and name to CCPM AG
  Products:   Inception of the CCPM DTS program   Products:   CCPM Garant 2014
  Awards:   Awarded 1stin CTA category by MAR   Awards:   Eurekahedge - 1st(Sharpe Ratio),
  2001           Nominated for the European Hedge Fund
  History:   Foundation of CCPM AG in Switzerland       Performance Award in the category
  Awards:   Awarded among Top10       "Best Managed Futures Fund"
      index trading strategies by MAR   2007    
  2002       History:   Baader Bank AG increases
  History:   Foundation of CCPM Inc. in USA,       stake in the CCPM AG to 55.36%
      registration at the CFTC as CTA & CPO,   Products:   CC Athena OS Index Certificate
      member of the NFA       CCPM Substanz 2,25 Plus
  Products:   Application of the CCPM strategies in   2008

     
      US-hedge funds   Products:   Launch of Athena Fund with Universal Investment (UI)
  Awards:   Top5 placement at the MAR risk indices       (Ucits III)
  2003       2009

     
History: Member of the BAI, additional Products: Time Alpha UI Fund (Ucits III)
      US-hedge fund mandates       First segregated account with the Athena strategy
  Products:   ABN Atras-Certificate (Long/Short Equity Strategy)   2010

     
  Awards:   Awarded Top5 and Top10 by MAR and Barclay   Products: Second segregated account with the Athena strategy
  2004           Launch of a further segregated account trading the
  History:   Family Office mandates       Athena strategy on EUREX markets etc.
      Focus on the Athena OSP        
      and CCPM DTS strategies        
  Products:   ABN DTS-Certificate        
  Awards:   Ranked Top5 and Top10 by Barclay and IASG