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Criterion Fund enters agreement with UBS for commodities exposure

TORONTO, September 29, 2008 - Criterion Investments Limited ("Criterion") today announced that the Criterion Diversified Commodities Currency Hedged Fund (“the Fund”) has entered into an agreement with UBS AG to purchase a performance certificate that provides a return linked to the Dow-Jones AIG Commodity Index Total ReturnTM. The index includes the return on investments in futures contracts for 19 commodities, plus the deemed return on the cash collateral that would be earned by a purchaser of those futures contracts.

The initial term of the performance certificate is until October 22, 2008. The purpose of this transaction is to provide the Fund with exposure to a broad commodities index on an interim basis while it continues to seek a long-term commodities strategy.

On September 15, Criterion announced the Fund had initiated the redemption of its holdings of index-linked notes issued by a subsidiary of American International Group, Inc. The decision was taken out of caution to protect capital for unitholders and as a result of uncertainty regarding the note issuer.