The Trustee-Manager has the dual responsibility of:

Safeguarding the interests of the investors

Managing HPH Trust's businesses.

The Trustee-Manager has general powers of management over the business and assets of HPH Trust and its main responsibility is to manage HPH Trust's assets and liabilities for the benefit of the investors.

Furthermore, the Trustee-Manager will prepare business plans on a regular basis, which may contain proposals and forecasts on net income, capital expenditure, sales and valuations, explanations of major variances to previous forecasts, written commentary on key issues and any relevant assumptions. The purpose of these plans is to explain the performance of HPH Trust's investments.