Communiqués de presse

Criterion Fund agrees enhanced commodity strategy with UBS

TORONTO, October 22, 2008 - Criterion Investments Limited ("Criterion") today announced that the Criterion Diversified Commodities Currency Hedged Fund (“the Fund”) has purchased a performance certificate issued by UBS AG that provides a return linked to the UBS Bloomberg CMCI AM, a broadly diversified commodities index. The Index includes the return on investments in futures contracts for 27 commodities, plus the deemed return on the cash collateral that would be earned by a purchaser of those futures contracts.

The CMCI AM is the first commodity index to diversify using futures contracts of multiple terms for each commodity. Traditional indices select just one commodity future for each commodity. The CMCI AM incorporates futures ranging from a minimum maturity of three months to a maximum of three years.

There is no change in the Fund’s MER for unitholders and there continues to be no leverage (imputed or actual) within the Fund. The credit rating for UBS AG is Aa2 by Moody’s Investors Service as at October 22, 2008.

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. On September 29, the Fund purchased a performance certificate issued by UBS AG that provided a return linked to the Dow Jones – AIG Commodity Index Total ReturnTM. The Fund will complete the rollover to the CMCI AM Index today.

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