Manna is the hedge fund division of the Kensington Group.

KENSINGTON CAPITAL PARTNERS LIMITED ACQUIRES MANNA ASSET MANAGEMENT INC.

October 4, 2011 — Kensington Capital Partners Limited and MANNA Asset Management Inc. are pleased to announce the acquisition of MANNA by Kensington. This acquisition will combine MANNA’s emerging hedge fund investment program with Kensington’s offering of private equity funds.

“The Kensington reputation and strength of its relationships is very attractive to us in the development of our business. We have been delighted to have known Kensington for several years, and are excited about the business possibilities their network of contacts opens up for MANNA.” said Eamonn McConnell, CEO of MANNA.

“We have a number of investors who have expressed interest in MANNA’s strategy and are pleased to be able to offer this service to our clients. The inclusion of MANNA’s team will deepen our bench at Kensington. We look forward to working together.” said Tom Kennedy, Managing Director of Kensington.

About Kensington:

Kensington is a leading Canadian private equity investor, founded in 1996.  To date, Kensington has committed over $550 million to private equity investments through its private equity programs.  Institutional investors such as pension funds and professional asset managers, as well as high net-worth individuals and retail investors, hold Kensington funds.  For more information on Kensington and current offerings, please visit www.kcpl.ca