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August 17, 2011

Russell Blended Balanced Option wins 'Retail Super Fund of the Year'

SYDNEY, August 17, 2011 - The Russell Super Solutions Master Trust, Blended Balanced option, has been awarded the Financial Review Smart Investor Blue Ribbons Awards 2011 – Retail Super Fund of the Year Award.

The annual awards recognise the best products across banking, insurance and investment across 52 categories and are judged by Smart Investor and research houses, Morningstar, Rice Warner Actuaries and InfoChoice.

Retail Super Fund of the Year is one of the seven major awards presented by Smart Investor and is a tick to Russell's active management approach and in particular our strategic asset allocation, active management and active sector management strategies which have contributed to the strong performance of Blended Balanced.

In judging, Blended Balanced was assessed on its performance over a five year period, as well as a number of qualitative and quantitative aspects. Portfolio manager Andrew Sneddon accepted the award on behalf of Russell at a ceremony held in July and said the strong active returns of the fund could be attributed to Russell's decision to build up the funds exposure to real assets and defensive sector management prior to the GFC.

"We are excited to have had the outstanding performance of Blended Balanced recognised from the competitive field of retail super funds. This award is a mark of our dedication to achieving superior retirement outcomes, for all members across the Russell suite of super funds," said Mr Sneddon upon receiving the award.

The award winners, including Russell, will be featured in the September edition of Smart Investor Magazine, on sale 19 August.