CLIENT INVESTMENT UPDATEWholesale Products Appendix

30 June 2015

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The information in this presentation has been provided by MLC Investments Limited (ABN 30 002 641 661) a member of the NAB Group of Companies, 105–153 Miller Street, North Sydney 2060 for advisers only. No company in the NAB group, nor MLC limited guarantees the capital value, payment of income or performance of any fund referred to in this presentation.

Any opinions expressed in this communication constitute our judgement at the time of issue and are subject to change. We believe that the information contained in this communication is correct and that any estimates, opinions, conclusions or recommendations are reasonably held or made as at the time of compilation. However, no warranty is made as to their accuracy or reliability (which may change without notice) or other information contained in this communication. Any projection or forward looking statement in this report is provided for information purposes only and no representation is made as to the accuracy or reasonableness of such projection or that it will be met.

Past performance is not a reliable indicator of future performance. The value of an investment may rise or fall with the changes in the market. Returns are not guaranteed and actual returns may vary from target returns described in this document. Please note that all performance reported is before management fees and taxes, unless otherwise stated.

This communication contains general information and may constitute general advice. Any advice in this communication has been prepared without taking account of individual objectives, financial situation or needs. It should not be relied upon as a substitute for financial or other specialist advice.

Before making any decisions on the basis of this communication, you should consider the appropriateness of its content having regard to your particular investment objectives, financial situation or individual needs. You should obtain a Product Disclosure Statement or other disclosure document relating to any financial product issued by MLC Investments Limited (ABN 30 002 641 661) and consider it before making any decision about whether to acquire or continue to hold the product. A copy of the Product Disclosure Statement or other disclosure document is available upon request by phoning the MLC call centre on 132 652 or on our website at mlc.com.au.

General Advice Warning and Disclaimer

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Table of Contents

1.MLC Inflation Plus Assertive Portfolio

2.MLC Inflation Plus ModeratePortfolio

3.MLC Inflation Plus ConservativePortfolio

4. MLC Horizon 2 Income Portfolio

5.MLC Horizon 3 ConservativeGrowth Portfolio

6. MLC Horizon 5 Growth Portfolio

7. MLC Horizon 6 Share Portfolio

8.MLC Horizon 7 Accelerated Growth Portfolio

9. MLC Australian Share Fund

10. MLC Global Share Fund

11. MLC Global Property Fund

12. MLC Property Securities Fund

13. MLC Diversified Debt Fund

14. MLC Wholesale IncomeBuilder

Absolute performance

MLC INFLATION PLUS – ASSERTIVE PORTFOLIO (BEFORE FEES AND TAX*)

1. MLC Inflation Plus Assertive PortfolioTotal returns

4As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Excess return vs. reference benchmark

MLC INFLATION PLUS – ASSERTIVE PORTFOLIO (BEFORE FEES AND TAX*)

1. MLC Inflation Plus Assertive PortfolioReturns relative to benchmark

5As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Total return by asset class

MLC INFLATION PLUS – ASSERTIVE PORTFOLIO (BASED ON STRATEGIC ASSET ALLOCATION, BEFORE FEES)

1. MLC Inflation Plus Assertive PortfolioAsset class returns

6As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Total return by asset class

MLC INFLATION PLUS MODERATE PORTFOLIO (BEFORE FEES AND TAX)

2. MLC Inflation Plus Moderate PortfolioAsset class returns

7As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

3. MLC Inflation Plus Conservative PortfolioAsset class returns

Total return by asset class

MLC INFLATION PLUS CONSERVATIVE PORTFOLIO (BEFORE FEES AND TAX)

8As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Absolute performance

MLC HORIZON 2 INCOME PORTFOLIO (BEFORE FEES AND TAX*)

4. MLC Horizon 2 Income PortfolioTotal returns

9As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Total return by asset class

MLC WHOLESALE HORIZON 2 INCOME PORTFOLIO (BEFORE FEES AND TAX)

4. MLC Horizon 2 Income PortfolioAsset class returns

10As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Performance relative to peer group

4. MLC Horizon 2 Income PortfolioPeer relative performance

11

PEER GROUP (5-95%): CONSERVATIVE INVESTMENT TRUST

Peer universe is the MLC Morningstar Wholesale High Growth UniverseSource: Morningstar Direct

As at 30 June 2015Source: MLC

Absolute performance

MLC HORIZON 3 CONSERVATIVE GROWTH PORTFOLIO (BEFORE FEES AND TAX*)

5. MLC Horizon 3 Conservative Growth PortfolioTotal returns

12As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

13

Total return by asset class

MLC WHOLESALE HORIZON 3 CONSERVATIVE GROWTH PORTFOLIO (BEFORE FEES AND TAX)

5. MLC Horizon 3 Conservative Growth PortfolioAsset class returns

As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

5. MLC Horizon 3 Conservative Growth PortfolioPeer relative performance

14

PEER GROUP (5-95%): MODERATE INVESTMENT TRUST

Performance relative to peer group

Peer universe is the MLC Morningstar Wholesale High Growth UniverseSource: Morningstar Direct

As at 30 June 2015Source: MLC

15

Absolute performance

MLC HORIZON 5 GROWTH PORTFOLIO (BEFORE FEES AND TAX*)

6. MLC Horizon 5 Growth Portfolio Total returns

As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

16

Total return by asset class

MLC WHOLESALE HORIZON 5 GROWTH PORTFOLIO (BEFORE FEES AND TAX)

6. MLC Horizon 5 Growth PortfolioAsset class returns

As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Performance relative to peer group

6. MLC Horizon 5 Growth Portfolio Peer relative performance

17

PEER GROUP (5-95%): GROWTH INVESTMENT TRUST

Peer universe is the MLC Morningstar Wholesale High Growth UniverseSource: Morningstar Direct

As at 30 June 2015Source: MLC

Absolute performance

MLC HORIZON 6 SHARE PORTFOLIO (BEFORE FEES AND TAX*)

7. MLC HORIZON 6 SHARE PORTFOLIO Total returns

18As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

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Total return by asset class

MLC WHOLESALE HORIZON 6 SHARE PORTFOLIO (BEFORE FEES)

7. MLC Horizon 6 Share PortfolioAsset class returns

As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Peer universe is the MLC Morningstar Wholesale High Growth UniverseSource: Morningstar Direct

Performance relative to peer group

7. MLC Horizon 6 Share Portfolio Peer relative performance

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PEER GROUP (5-95%): HIGH GROWTH INVESTMENT TRUST

As at 30 June 2015Source: MLC

Absolute performance

MLC HORIZON 7 ACCELERATED GROWTH PORTFOLIO (BEFORE FEES AND TAX*)

8. MLC Horizon 7 Accelerated Growth PortfolioTotal returns

21As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Total return by asset class

MLC WHOLESALE HORIZON 7 ACCELERATED GROWTH PORTFOLIO (BEFORE FEES)

8. MLC Horizon 7 Accelerated Growth PortfolioAsset class returns

22As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Historical absolute performance

MLC AUSTRALIAN SHARE SECTOR STRATEGY (BEFORE FEES AND TAX*)

9. MLC Australian Share FundTotal returns

23As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Historical absolute performance

MLC GLOBAL SHARE STRATEGY (BEFORE FEES AND TAX*)

10. MLC Global Share FundTotal returns

24As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Historical absolute performance

MLC GLOBAL PROPERTY SECURITIES STRATEGY (BEFORE FEES AND TAX*)

11. MLC Global Property FundTotal returns

25As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

Historical absolute performance

MLC PROPERTY SECURITIES STRATEGY (BEFORE FEES AND TAX*)

12. MLC Property Securities FundTotal returns

26As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

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Historical absolute performance

MLC DIVERSIFIED DEBT STRATEGY (BEFORE ACCOUNT FEES AND TAX*)

13. MLC Diversified Debt FundTotal returns

As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

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Contribution to total return by asset class

MLC WHOLESALE DIVERSIFIED DEBT FUND (BEFORE FEES AND TAX)

13. MLC Diversified Debt FundSector contribution to returns

As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date

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Manager absolute performance

MLC WHOLESALE DIVERSIFIED DEBT FUND (BEFORE FEES AND TAX)

13. MLC Diversified Debt Fund Manager returns

As at 30 June 2015Source: MLC

* Please note the latest period is calendar year to date