TIDMIRIS

RNS Number : 9354R

DCG IRIS Limited

17 September 2014

DCG IRIS LIMITED

Event Report: Hurricane Odile

The Company today received the following report from Credit Suisse AG ('Credit Suisse'), the investment manager of CS IRIS Low Volatility Plus Fund Limited (the 'Master Fund'), in which the Company invests substantially all of its assets.

Opinions expressed in the report are those of Credit Suisse AG.

"On the evening of 14 September 2014, Hurricane Odile made landfall on Mexico's southern Baja California peninsula near the resort town of Cabo San Lucas as a category 3 storm with maximum wind speeds of 205 km/h. The storm weakened on its way north as it crossed land but is still threatening with heavy rains and flooding.

The Mexican Interior Ministry reported damages to roads, vehicles, homes and businesses. The hurricane also damaged electricity power plants and transmission lines leaving up to 240,000 users without electricity as a consequence. About 135 people received medical help, but no deaths were reported as a result of the storm. We currently expect insured losses to be limited given the extent of the damage from Hurricane Odile.

In the securitized ILS market, one cat bond tranche covers Pacific hurricane risk on Mexico's west coast. The MultiCat Mexico Limited Series 2012-1 Class C Notes have a step parametric trigger based on the central pressure of the hurricane as measured by the National Hurricane Center ("NHC"). Based on the estimated minimum central pressure within the relevant region of 930mb, as measured by NHC, investors could face a 50% principal loss. The IRIS Low Volatility Plus Fund is not invested in this cat bond.

Based on the IRIS Low Volatility Plus Fund's exposure and the current industry loss estimates, we do not expect an impact on the performance of the fund from this event."

For further information please contact:

Dexion Capital (Guernsey) Limited

+44 (0) 1481 743940

Christopher Copperwaite

Dexion Capital plc

+44 (0) 20 7832 0900

Robert Peel

Media Enquiries:

Anthony Payne and Daniel Jason

Peregrine Communications

Tel (Direct): +44 20 3178 6869 / +44 20 3040 0872

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCLLFIVALIDLIS

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