Distributions and Distribution Components

Hyperion Australian Growth Companies Fund

Hyperion Small Growth Companies Fund

Hyperion Overseas Equity Fund

December 2008 March 2009 June 2009 September 2009 December 2009 March 2010 June 2010 September 2010 December 2010 March 2011

December 2008 March 2009 June 2009 September 2009 December 2009 March 2010 No Distribution - June Quarter September 2010 December 2010 March 2011