PCM | Performance

Polaris Capital Management, LLC

A leading global & international money manager

Performance

International Equity Composite Performance As Of 6/30/10

Product	YTD 6/30/10	1 Year	3 Years*	5 Years*	10 Years*	15 Years*	20 Years*	since inception*	inception date
International Equity Composite (Gross of Fees)	-8.12%	18.46%	-13.05%	2.16%	8.34%	9.44%	8.56%	11.80%	6/30/84
International Equity Composite (Net of Fees)	-8.43%	17.67%	-13.66%	1.47%	7.50%	8.58%	7.72%	10.88%	6/30/84
MSCI* EAFE Index**	-12.93%	6.38%	-12.94%	1.35%	0.56%	4.14%	4.36%	9.41%	6/30/84

*Annualized Returns (Data as of 6/30/10)

Global Equity Composite Performance As Of 6/30/10

Product	YTD 6/30/10	1 Year	3 Years*	5 Years*	10 Years*	15 Years*	20 Years*	since inception*	inception date
Global Equity Composite (Gross of Fees)	-4.01%	19.10%	-12.29%	0.27%	7.41%	10.09%	10.26%	12.18%	9/30/84
Global Equity Composite (Net of Fees)	-4.29%	18.39%	-12.86%	-0.41%	6.55%	9.14%	9.33%	11.20%	9/30/84
MSCI World Index**	-9.56%	10.77%	-10.94%	0.61%	-0.53%	5.16%	5.80%	9.41%	9/30/84

*Annualized Returns (Data as of 6/30/10)

        Past performance is not indicative of future results.
          ** The Morgan Stanley Capital International (MSCI) World Index is an unmanaged capitalization-weighted index of publicly traded companies. The           reported index results include returns of securities which U.S. residents may not invest in and also include gross dividends while PGVF results include
          dividends net of withholding taxes.

          *** The Morgan Stanley Capital International (MSCI) indexes: World and Europe, Australasia, Far East (EAFE), are unmanaged capitalization-
          weighted indexes of publicly traded companies. The reported index results include returns of securities which U.S. residents may not invest in and
          also include gross dividends while results include dividends net of withholding taxes.

Fully Compliant Presentations

International Equity Composite Annual Disclosure Presentation

Global Equity Composite Annual Disclosure Presentation

Polaris Capital Management, LLC's compliance
with the GIPS standards has been verified for
the period of April 1, 1995 to March 31, 2010.