STATE SUPER INVESTMENT FUND CLASS A

STATE SUPER INVESTMENT FUND CLASS A Product Disclosure Statement Date of Issue 1 July 2014 State Super Financial Services Australia Limited ABN 86 003 742 756 Australian Financial Services Licence No. 238430

Read this This Product Disclosure Statement (PDS) is designed to help you understand the main features of the registered managed investment schemes that comprise the State Super Investment (Investment ). The Investment currently consists of the following managed investment schemes (s): Cash ARSN 090 078 443 Fixed Interest ARSN 150 755 249 Capital Stable ARSN 090 078 961 Moderate ARSN 150 755 150 Balanced ARSN 090 077 991 Growth ARSN 090 078 103 Growth Plus ARSN 150 755 141 Australian Equities ARSN 150 755 196 International Equities ARSN 150 755 294 When you invest in a you purchase units in a particular class of the. This PDS relates to Class A units in each. In this PDS, when we refer to the Investment we are referring to the Investment Class A, and when we refer to units in a, we are referring to Class A units. It is important to bear in mind that this PDS contains general information only about the Investment. It does not contain financial product advice nor does it take into account your specific objectives, financial situation or needs. You should consider whether it is appropriate to you, having regard to your objectives, financial situation and needs. We recommend that you read this PDS carefully and consult your financial planner before investing in the Investment. State Super Financial Services Australia Limited ABN 86 003 742 756, AFSL Number 238430 (referred to in this PDS as SSFS, the responsible entity, the trustee, we, us) is the responsible entity of each of the schemes comprising the Investment and issues the interests (called units) in each of these schemes. This PDS is issued solely by SSFS. No other person (whether or not related to SSFS) is responsible for any information contained in this PDS. In this PDS, we refer to SSFS in two roles. Firstly, as the provider of financial planning services, and secondly, as the responsible entity of the nine schemes that comprise the Investment. The Investment is available only to Australian resident taxpayers. Your investment in the Investment is subject to investment risk. This is because the value of your scheme (and accordingly, your investment in that scheme) may rise and fall, and at times the returns in a scheme may be negative. None of the Commonwealth, State or Territory Governments, SSFS, the SAS Trustee Corporation, the investment managers we appoint or our service providers or their respective officers, employees or agents guarantee that your investment in the Investment will increase or retain its value, guarantee the repayment of the money you invest in the Investment or guarantee the performance of each scheme that comprises the Investment. The information in each PDS and the Booklets may change from time to time. We may update information which is not materially adverse to you on ssfs.com.au. A paper copy can also be obtained without charge from your financial planner or by calling 1800 620 305. We may change any of the matters described in the PDS and the Booklets from time to time. We will notify you of material or significant changes which may affect you before or after the change has taken place in accordance with the law. Changes to s To ensure that the range of s continues to suit the investment needs of our investors, we regularly monitor our s and investment managers. We may add, close or terminate s, add new investment managers, as well as change the aim and strategy and asset range or benchmark of a at any time, without prior notice to investors. If a is terminated, we will switch your moneys invested in that to another, which will generally be of a similar risk/return profile. We will notify you about any material changes to the s or investment managers. 2 State Super Investment Class A Product Disclosure Statement

Contents STATE SUPER INVESTMENT FUND CLASS A State Super Financial Services Australia Limited 4 The Investment 4 Investment process 5 What are the risks of investing? 8 Investment options 9 How to invest 20 How to switch and withdraw 21 Transaction processing 23 Reporting 25 Death benefits 25 Fees and other costs 26 Taxation 34 Additional Information 35 Directory 38 Application forms Application form Regular investment application form REGISTERED OFFICE Level 7, 83 Clarence Street, SYDNEY Mail: GPO Box 5336 Sydney NSW 2001 Telephone: 02 9333 9555 Fax: 02 9262 5472 Internet: www.ssfs.com.au Visit our website www.ssfs.com.au or call 1800 620 305 for further information 3

State Super Financial Services Who is State Super Financial Services Australia Limited? SSFS is an integrated financial planning firm providing financial planning, funds management and implementation solutions. Services may be provided to current and former public sector employees (from all states, territories and federal and local government) and their family members. The financial planning service provides you with financial advice and assistance to enable you to develop your financial strategy and investment portfolio in consultation with one of our financial planners. In this way, we are able to assist you with many of the complex issues often associated with making investment decisions. Our funds management service involves us acting as the trustee or responsible entity of a number of investment products, including as responsible entity of each scheme in the Investment. We combine specialist investment managers to seek investment returns consistent with the objective and level of risk for each scheme. The investment managers are rigorously and continuously monitored to ensure compliance with their investment mandates. Because the investment managers manage significant pools of assets we are able to negotiate competitive investment management fees on your behalf. Our combined financial planning and funds management services benefit you by having your financial strategy and investment managed by the one organisation, yet spreading your money across a number of investment managers and markets. What can our financial planning service offer you? This service is designed to help you achieve your personal investment and financial goals. The benefits you receive from our financial planning service include: access to a qualified financial planner who is trained and supported in the technical issues and changes that are important to financial planning; the development of a financial and investment strategy tailored to your individual needs; the preparation of a personal financial plan; the opportunity to review your financial needs with a financial planner; reporting on a half yearly basis. The Investment The Investment has been designed to allow you to develop your own financial strategy and investment portfolio in conjunction with your financial planner. Classes of units When you invest in a you purchase units in a particular class of the. The Trustee may allow different fees to be charged to different classes, although all investors of a single class will be treated equally. This PDS relates to Class A units only. 4 State Super Investment Class A Product Disclosure Statement

Investment process Managed investment schemes to choose from A basic requirement of successful investment is diversification. You can choose to invest in one or a combination of managed investment schemes (called s), each having a separate investment strategy. These are: the Cash the Fixed Interest the Capital Stable the Moderate the Balanced the Growth the Growth Plus the Australian Equities the International Equities Details of these s including their investment strategies are set out on pages 11 to 19. How do we manage your money? We operate a multi-manager investment approach in which the assets of the s are typically managed by external specialist investment managers, either directly or through a series of discrete investment trusts, of which we are the trustee. We regularly monitor the investment performance of each and the investment mandates of the investment managers. We may change investment managers from time to time without notice to you. You can find the current list of investment managers by going to ssfs.com.au/fund-managers. The assets you will have exposure to will depend on the (s) you choose to invest in. Asset Allocation ranges For each we have set a minimum and maximum amount that can be invested in each asset class, called the asset allocation range, which is shown on pages 11 to 19. Strategic asset allocation Each has a medium to longer term target allocation of assets between the asset classes (called the strategic asset allocation for the ), based on the investment objective (goal) of that. The strategic asset allocation current as at the date of this PDS is set out on pages 11 to 19. We may review and vary a s strategic asset allocation from time to time, consistent with the investment objective of each without notice to you. However, the strategic asset allocation will be within the asset allocation range shown on pages 11 to 19. We regularly review the assets associated with each and, where necessary, take steps to buy and sell assets to maintain each around its strategic asset allocation, as adjusted by any strategic tilt (see below). Strategic tilting The tables on pages 11 to 19 setting out the strategic asset allocations for each represent the medium to longer term target asset allocations of the s. However, the short to medium term target asset allocations of the s in place at any particular time may vary from the target amounts set out in the tables on pages 11 to 19. This is because the trustee has adopted a strategic tilting approach to target asset allocations. When opportunities arise due to market movements, the trustee may make modest changes to the target asset allocation of one or more s with the intention of improving the s ability to meet its performance and risk objectives. Strategic tilts are generally in place for the short to medium term, and must be consistent with the investment objective and investment strategy for a. Any strategic tilt will also be within the asset allocation range for the. Strategic tilting can be applied across, or within, asset classes and may also apply to the proportion of international equity exposure that is hedged back to Australian dollars. The medium to longer term target strategic asset allocations remain unchanged when a strategic tilt is in place. When a strategic tilt ends, the target allocation of assets of a returns to the strategic asset allocation. Strategic tilts may be implemented from time to time and without prior notice. The strategic asset allocation of the s in force at any particular time is available on the State Super Financial Services website (ssfs.com.au) or you can obtain a copy without additional charge from your financial planner. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 5

Investment process Derivatives Derivatives are contracts between two parties providing for a payoff from one party to the other based on the price of a reference asset (e.g. a share price index). Derivatives may be used to manage risk. For example you may use derivatives to hedge exposure to assets denominated in a foreign currency. Derivatives may be used to gain exposure to assets more cost effectively than buying and selling directly (e.g. when transitioning a portfolio to a new investment manager or undertaking a strategic tilt). Derivatives can also be used to enhance returns from certain market movements. This can include leveraging your exposure to an asset or by synthetically selling an asset you do not own with the aim of profiting from a fall in price of the asset. This is often termed short selling. Environmental, social and governance issues We believe that Environmental, social and governance (ESG) issues may affect the performance of investment portfolios to varying degrees through time. We believe that companies that have a greater regard to ESG issues when making investment decisions (that is, decisions about selecting, retaining or realising an investment) can increase returns to shareholders by properly managing risks while at the same time contributing to the sustainable development of the societies in which they operate. Our aim is to incorporate ESG issues into our investment analysis and decision making processes and to seek to ensure appropriate disclosure and reporting on ESG matters. We have no pre-determined views regarding what constitutes environmental, social or governance matters or how (or the extent to which) these matters should be incorporated into investment practices (e.g. the use of negative filters preventing investment in particular assets and/or the use of positive filters directing investment in assets which satisfy ESG criteria). We primarily entrust integration of ESG issues to the external investment managers we utilise. Whilst we currently do not require all investment managers to integrate ESG considerations into their investment process we consider a manager s capabilities on ESG matters as part of our manager selection and review process. You can read our ESG policy on our website (ssfs.com.au/esg) or you can obtain a copy without additional charge from your financial planner. Proxy voting Outcomes of Proxy Voting activity undertaken by investment managers is available on the website (ssfs.com.au). What are the asset classes? The following paragraphs describe the various asset classes in which we currently invest. We may vary the asset classes from time to time. Cash This asset class includes short term debt securities and term deposits issued with a term to maturity of less than one year. The short term debt securities are issued or guaranteed by the Australian Government (or the Government of a State or Territory of Australia), Australian banks and other issuers of high credit quality. The term deposits are issued by Australian and international banks in Australian dollars and are not guaranteed by any Government entity. Enhanced Cash This asset class includes cash and investment grade higher yielding debt securities such as floating rate notes, mortgage backed securities, asset backed securities and corporate bonds. Investment grade securities are those rated at least BBB- by Standard & Poor s or Baa3 or higher by Moody s. The enhanced cash portfolio maintains an average duration similar to that of traditional cash type investments. Investments may include derivatives such as futures and options contracts. Australian Fixed Interest This asset class includes debt securities issued by the Australian Government or the Government of a State or Territory of Australia. It also includes investments in investment grade, higher yielding debt securities such as floating rate notes, corporate bonds, corporate loans and short-term securities. Investments may include derivatives such as futures and options contracts. International Fixed Interest This asset class includes debt securities issued by the government of a country outside Australia and non-government investment grade, higher yielding 6 State Super Investment Class A Product Disclosure Statement

Investment process debt securities such as floating rate notes, corporate bonds, corporate loans, asset and mortgage backed securities and short-term securities. Investments may include derivatives such as futures and options contracts. International fixed interest investments are typically 100% hedged to the Australian Dollar. However, the actual level of hedging at any time may vary and can be different across different currencies. Property This asset class incorporates both listed property and unlisted property. Listed property includes units or ordinary shares of property trusts and property related companies, which are listed on the Australian and recognised overseas securities exchanges. Unlisted property provides exposure to Australian and international property via units or shares in unlisted managed investment schemes or unit trusts. International property investments are generally at least partly hedged to the Australian Dollar. However the actual level of hedging at any time may vary and can be different across different currencies. Infrastructure This asset class incorporates both listed and unlisted infrastructure. Listed infrastructure securities include units or ordinary shares of infrastructure trusts and infrastructure related companies listed on recognised overseas and Australian securities exchanges. Unlisted infrastructure provides exposure to Australian and international infrastructure assets via units or shares in unlisted managed investment schemes or unit trusts. Infrastructure assets include toll roads, airports and utilities. Global infrastructure investments are generally at least partly hedged to the Australian dollar. However, the actual level of hedging at any time may vary and can be different across different currencies. Global High Yield This asset class includes a range of debt securities including non-investment grade higher yielding debt securities such as floating rate notes, corporate bonds, asset and mortgage backed securities and emerging market government, supranational and corporate securities. Non-investment grade securities are those rated lower than BBB- by Standard & Poor s or Baa3 by Moody s. Investments may include derivatives such as futures and options contracts. Global high yield investments are typically 100% hedged to the Australian dollar. However, the actual level of hedging at any time may vary and can be different across different currencies. Australian Equities This asset class includes ordinary shares, preference shares and other equity securities or derivatives of companies or trusts listed on the Australian Securities Exchange. This asset class can also include investment in unlisted companies (i.e. private equity) that will have lower liquidity than listed securities. International Equities This asset class includes companies listed on a recognised overseas securities exchange. Investments include ordinary shares, preference shares convertible securities and other equity securities or derivatives of companies or trusts listed on these exchanges. This asset class can also include investment in unlisted companies (i.e. private equity) that will have lower liquidity than listed securities. International equity investments are generally partly hedged to the Australian dollar. However the actual level of hedging at any time may vary and can be different across different currencies. Alternative assets Alternative assets can be used to reduce risk and/or enhance returns. The asset class includes a range of investments such as commodities, hedge funds and currencies. Hedge funds employ non-traditional strategies and many aim to provide positive returns when traditional asset classes experience negative returns. Alternative assets are typically not traded on listed exchanges and therefore have lower liquidity compared to listed securities. Our allocation to this asset class will vary over time, and depending on available opportunities may be invested in as few as one of these sub-asset classes (e.g. hedge funds). How are the assets of each held? We have appointed JPMorgan Chase Bank N.A. as Custodian, whose role is to: hold the assets of the s, and the discrete investment trusts in which the Cash, Fixed Interest, Capital Stable, Moderate, Balanced, Growth, Growth Plus, Australian Equities and International Equities s invest, on our behalf; and perform certain administrative, accounting, monitoring and reporting functions, for both the s and the discrete investment trusts. We may replace the Custodian at any time without notice to you. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 7

What are the risks of investing What are the risks of investing? All investments involve some level of risk. Risk can generally be managed but may not be able to be avoided completely. These risks can be broadly grouped into two categories: operational (process) risks and investment risks. The following are some risk factors you should consider before investing. Operational (process) risks risk a could be terminated, or we could be replaced as responsible entity. Custodial risk the Custodian holds the assets of the s and the discrete investment trusts in which the s invest. There are custodial risks associated with this duty not being properly performed. We mitigate this risk by having a rigorous and detailed assessment of the Custodian s capabilities prior to appointment, adhering to a policy of having formal agreements with the Custodian which detail the services and responsibilities it has been contracted to provide, and by undertaking periodic operational and performance reviews of the Custodian. Compliance risk compliance is continuously monitored both externally (by our Custodian) and internally (by our Investment and Compliance teams). Appointed investment managers are monitored for us by the Custodian for compliance against their individual investment mandates and investment guidelines. There is a risk that a breach may not be detected in a timely or effective manner. Legislative risk changes may be made to taxation and other laws, which may affect the value of your investment. Counterparty risk there is a risk of loss where the counterparty to a contract cannot meet its payment obligations. This risk is mitigated by appointing investment managers with appropriate credit assessment skills and imposing limits in the investment mandates. Investment risks Some of the investment risks you may be exposed to include: Market risk economic, technological, political or legal conditions can change which can adversely affect investment markets. In turn, this can adversely affect the value of your investments. Maintaining a well-diversified portfolio across the asset classes can reduce, but not eliminate, the impact of market risk. Asset allocation risk the risk that the asset allocation of the may not achieve its investment objectives. We mitigate this risk by careful research using our own expertise and that of specialist asset consultants. Interest rate risk changes in interest rates can have a negative effect on investment value or returns. For example, the cost of a company s borrowings can increase or the income return on a fixed interest investment can be lower than expected. This risk is mitigated by hiring professional, specialist investment managers. Security risk within each asset class, individual securities such as shares and government or corporate bonds are affected by risks specific to that security. For example, the value of a company s shares may be impacted by a change in company strategy or merger and acquisition activity. We mitigate this risk by using a diversified mix of specialist investment managers who we believe are the most appropriate for each asset class. Currency risk where we invest overseas, and the currency of the countries in which we invest changes in value relative to our dollar, the value of the investments will change. We mitigate this risk by managing the currency exposure as described on pages 9 to 17 by employing specialist currency managers. Manager selection risk under a manager-ofmanagers investment structure there is a risk that the combination of managers selected for each specialist sector may underperform their objectives. We mitigate this risk by careful research and monitoring of investment managers using our own expertise and that of specialist asset consultants. Issuer concentration risk where an aggregation of exposure across different asset classes can lead to excessive exposure to single name issuers. We mitigate this risk by implementing a counterparty risk policy and by monitoring aggregation of exposures. Illiquidity risk where an investment may not be able to be quickly sold for a value that approximates its prevailing market value. We mitigate this risk through limiting investment in less liquid investments and ongoing monitoring of liquidity. 8 State Super Investment Class A Product Disclosure Statement

Investment options Derivative and short selling risk investing in derivatives or short selling securities can expose a portfolio to additional risks. These include the possibility that the derivative position does not perform as expected or that parties do not perform their obligations under the contract. As using derivatives may involve leverage, losses can be significant. We mitigate this risk by having a specific Derivative Risk Statement. Strategic tilting may increase one or more of these investment risks. However, as any strategic tilt will be modest in size, the trustee expects that the additional risk will not be significant. In summary There are risks in choosing to invest in managed investment schemes. There are also risks in choosing particular s as different asset classes perform differently at different times. Since each has a different investment mix, the risks associated with investing in each are different. For example, the Cash carries fewer risks than the Growth due to the differing investments held and differing markets into which each invests. What are the differences between the s? Each has a different investment objective (goal) and strategy (way of achieving its goal). Each invests in different kinds of assets with the mix of assets depending on the objective of each. There is a risk that your investment in a will fall in value from time to time the level of this risk varies with the objective, strategy and asset mix of the. Estimations of the number of years of negative annual returns in any 20 year period shown as the Standard Risk Measure for each investment option are based on long term-assumptions about the capital markets as obtained from sources including professional investment advisers. We recommend that you consult your financial planner prior to making your investment decision. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 9

Investment options Standard Risk Measure We have adopted the Standard Risk Measure, which is based on industry guidance to allow investors to compare investment options within and across investment products that are expected to deliver a similar number of negative annual returns over any 20 year period. The Standard Risk Measure is not a complete assessment of all forms of investment risk; for instance, it does not detail what the size of a potential negative return could be or the potential for a positive return to be less than an investor may require to meet their objectives. Further, it does not take into account the impact of tax on the likelihood of a negative return. The Standard Risk Measure should not be considered personal advice. You should regularly review your investment decision with your financial adviser. More detail on risks which may affect your investment is included in the What are the risks of investing section on page 8. You should still ensure you are comfortable with the risks and potential losses associated with your chosen investment options. You can find further information about how the Standard Risk Measure is calculated at ssfs.com.au/our-investment-approach. Risk Band Risk Label Expected frequency of negative annual returns over any 20 year period 1 Very Low Less than 0.5 years 2 Low 0.5 to less than 1 year 3 Low to Medium 1 to less than 2 years 4 Medium 2 to less than 3 years 5 Medium to High 3 to less than 4 years 6 High 4 to less than 6 years 7 Very High 6 or more years A description of each of the s their risk profile, their current strategic asset allocations and their asset allocation ranges is set out in the tables on pages 11 to 19. Relative Risk Profile The relative risk profile of each fund can be illustrated by the chart shown below. HIGHER Expected Return BALANCED MODERATE CAPITAL STABLE GROWTH GROWTH PLUS AUSTRALIAN / INTERNATIONAL EQUITIES FIXED INTEREST LOWER CASH LOWER Expected Risk The above graph provides a broad overview of the relative overall risk associated with each for comparison purposes only. Expected Return is illustrative only and is not a forecast or prediction of the future returns of the s. Each is subject to different types of risks, and can be impacted by those particular risks to varying degrees, depending on the nature of the s investments. For these reasons, the above graph should not be relied on as providing an accurate indication of the level of risk associated with any one. For further information regarding the risk profile of each, see the descriptions of each set out on pages 11 to 19. HIGHER 10 State Super Investment Class A Product Disclosure Statement

Investment options Cash Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe To achieve rates of return consistent with the yield on the UBS Australia Bank Bill Index. To meet or exceed the returns of a cash benchmark net of investment fees and taxes over rolling 12 month periods. Primarily invests 2 in short term debt securities and term deposits with a maturity of less than one year. The short term debt securities are issued, guaranteed or otherwise supported by the Australian or State Governments of Australia (or their statutory authorities) or by Australian banks and authorised dealers in the short term money market. The term deposits are issued by Australian and international banks in Australian dollars and are not guaranteed by any Government entity. 1 Very low Designed to suit investors with a time horizon of up to 2 years and who seek secure returns from cash. Up to 2 years Strategic asset allocation Defensive assets Cash Target 100% 100% Range n/a 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. The current benchmark is the UBS Australian Bank Bill Index. The benchmark index stated may be substituted for a similar benchmark index consistent with the overall objective of the without prior notice. 2 Through discrete investment trusts. Further information If you would like to obtain information about investment returns for the Investment then go to our website located at ssfs.com.au or contact any of our offices. Past performance is not a reliable predictor of future investment returns. Markets can be volatile and can move rapidly up or down. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 11

Investment options Fixed Interest Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe To invest in fixed interest securities and related instruments, which aim to provide the potential for modest capital growth over the medium term. Capital gains can be expected to be achieved, but there is also the risk of capital loss. To meet or exceed the return of a blend of 70% Australian and 30% Global fixed interest benchmarks net of investment fees and taxes over rolling 3 year periods. Primarily invests 2 in a broad range of Australian and overseas fixed interest investments. 2 Low Designed to suit investors who wish to take moderate levels of risk with a modest potential for capital appreciation. 2 years Strategic asset allocation Target Defensive assets 100% Australian fixed interest 70% International fixed interest* 30% Range n/a 40% to 80% 20% to 60% * Typically 100% hedged to the AUD 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. The current benchmark is 70% UBS All Maturities Composite Bond Index and 21% Barclays Capital Global Aggregate (ex-treasury) Index 100% hedged and 9% PIMCO GLADI Government Index 100% hedged. The benchmark index, including the split between Australian and Global benchmarks, may be substituted for a similar benchmark index consistent with the overall objective of the without prior notice. 2 Through discrete investment trusts 12 State Super Investment Class A Product Disclosure Statement

Investment options Capital Stable Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe To maintain the value of investors capital while achieving a higher rate of return over the medium term than could be achieved through investments in cash or short term money market securities. Capital gains can be achieved, but there is also the risk of capital loss. Accordingly, the value of investments in the may fall as well as rise in line with the changing value of the assets of the. CPI + 2.5% net of investment fees and taxes over rolling three year periods. Primarily invests 2 in a diversified portfolio of defensive and growth assets including (but not limited to) cash, fixed interest securities, property, listed and unlisted shares and infrastructure assets. To maintain a low risk profile exposure to growth assets is constrained. Investments may include currency, futures and options contracts. 2 Low Designed to suit investors who seek some capital growth over the medium term (3-4 years) while at the same time maintaining a relatively high level of capital security. 3-4 years Strategic asset allocation (Current to 30 September 2014) Defensive assets Cash & enhanced cash Australian fixed interest Growth assets Property Australian equities Target Range 80% 80% to 90% 48% 35% to 65% 32% 25% to 40% 20% 10% to 20% 8% 0% to 10% 12% 5% to 15% Strategic asset allocation (From 1 October 2014) Defensive assets Cash & enhanced cash Australian fixed interest Growth assets Property Australian equities International equities* Alternatives* * 0 to 100% hedged to the AUD Target Range 80% 70% to 90% 48% 15% to 80% 32% 20% to 40% 20% 10% to 30% 7% 0% to 17% 7% 3% to 15% 3% 0% to 8% 3% 0% to 5% 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. 2 Through discrete investment trusts. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 13

Investment options Moderate Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe To invest in a broad range of asset classes which have the potential to achieve moderate capital growth over the medium to longer term. Capital gains can be expected to be achieved, but there is also the risk of capital loss. CPI + 3.0% net of investment fees and taxes over rolling five year periods. Primarily invests 2 in a diversified portfolio of defensive and growth assets. Defensive assets include fixed interest securities and cash. Growth assets, include Australian and overseas listed shares, property, infrastructure securities and alternative assets. Investments may include currency, futures and options contracts. 3 Low to medium Designed to suit investors who seek capital growth over the medium term and are willing to accept a moderate level of risk. 4-5 years Strategic asset allocation Target Defensive assets 60% Cash & enhanced cash 20% Australian fixed interest 28% International fixed interest* 12% Growth assets 40% Property** 8% Infrastructure** 4% Global High Yield* 2% Australian equities 11% International equities** 10% Alternatives** 5% Range 50% to 70% 5% to 40% 20% to 40% 10% to 20% 30% to 50% 0% to 15% 0% to 8% 0% to 5% 5% to 15% 5% to15% 0% to 10% * Typically 100% hedged to the AUD ** 0-100% hedged to the AUD 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. 2 Through discrete investment trusts. 14 State Super Investment Class A Product Disclosure Statement

Investment options Balanced Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe To invest in a broad range of asset classes which have the potential to achieve capital growth over the longer term. Capital gains can be expected to be achieved, but there is also the risk of capital loss. CPI + 3.75% net of investment fees and taxes over rolling 5 year periods. Primarily invests 2 in a portfolio of Australian and overseas investments including (but not limited to) Australian cash, fixed interest securities, property, unit trusts, listed shares and alternative assets. Investments may include currency, futures and options contracts. 4 Medium Designed to suit investors who are seeking higher returns and are willing to accept a higher level of risk. 5-6 years or longer Strategic asset allocation Target Defensive assets 40% Cash & enhanced cash 10% Australian fixed interest 20% International fixed interest* 10% Growth assets 60% Property** 8.5% Infrastructure** 3% Global High Yield* 3% Australian equities 21% International equities** 20% Alternatives** 4.5% Range 30% to 50% 0% to 30% 10% to 30% 5% to 15% 50% to 70% 0% to 15% 0% to 10% 0% to 6% 10% to 30% 10% to 30% 0% to 10% * Typically 100% hedged to the AUD ** 0-100% hedged to the AUD 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. 2 Through discrete investment trusts. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 15

Investment options Growth Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe To invest substantially in assets which achieve capital growth over the long term (7 or more years). Capital gains can be expected to be achieved, but there is also the risk of capital loss. CPI + 4.0% net of investment fees and taxes over rolling seven year periods. Primarily invests 2 in a broad range of Australian and overseas investments with a strong bias on capital growth. Such investments include (but are not limited to) listed shares property, alternative assets, interest bearing securities and deposits Investments may include currency, futures and options contracts. 5 Medium to high Designed to suit investors who wish to maximise long term investment returns and are willing to accept a higher level of risk than the Balanced. 7 or more years Strategic asset allocation Target Defensive assets 15% Cash & enhanced cash 3.5% Australian fixed interest 7.5% International fixed interest* 4% Growth assets 85% Property** 6% Infrastructure** 5% Global High Yield* 5% Australian equities 32% International equities** 32% Alternatives** 5% Range 10% to 30% 0% to 15% 0% to 15% 0% to 7.5% 70% to 90% 0% to 18% 0% to 15% 0% to 10% 20% to 40% 20% to 40% 0% to 10% * Typically 100% hedged to the AUD ** 0-100% hedged to the AUD 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. 2 Through discrete investment trusts. 16 State Super Investment Class A Product Disclosure Statement

Investment options Growth Plus Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe Strategic asset allocation To invest in assets which achieve capital growth over the long term (10 or more years). Capital gains can be expected to be achieved, but there is also the risk of capital loss. CPI + 4.25% net of investment fees and taxes over rolling ten year periods. Primarily invests 2 in a broad range of high growth assets. Such investments include (but are not limited to) listed Australian and overseas shares, property infrastructure securities and alternative assets. Investments may include currency, futures and options contracts. 6 High Designed to suit investors who wish to maximise long term investment returns and are willing to accept a higher level of risk than the Growth. 10 years or longer Defensive assets Cash & enhanced cash Australian fixed interest International fixed interest* Target 0% 0% 0% 0% Range 0% to 10% 0% to 10% 0% to 5% 0% to 5% Growth assets 100% 90% to 100% Property** Infrastructure** Global High Yield* Australian equities International equities** Alternatives** 5% 7% 6% 40% 37% 5% 0% to 10% 0% to 15% 0% to 10% 30% to 50% 25% to 45% 0% to 10% * Typically 100% hedged to the AUD ** 0-100% hedged to the AUD 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. 2 Through discrete investment trusts. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 17

Investment options Australian Equities Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe To invest in Australian equities with the aim of achieving capital growth over the long term (10 or more years). Capital gains can be expected to be achieved, but there is also the risk of capital loss. To meet or exceed the return of the benchmark over rolling five year periods net of investment fees and taxes. Primarily invests 2 in Australian equities. Investments may include futures and options contracts. 6 High Designed to suit investors who wish to maximise long term investment returns and have a 100% exposure to Australian equities. 10 years or longer Strategic asset allocation Growth assets Target 100% Range n/a Australian equities 100% 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. The current benchmark is the FTSE ASFA Australia 300 Tax Exempt Index. The benchmark index stated may be substituted for a similar benchmark index consistent with the overall objective of the without prior notice. 2 Through discrete investment trusts. 18 State Super Investment Class A Product Disclosure Statement

Investment options International Equities Overall Objective Return Objective 1 Investment strategy Standard Risk Measure Type of investor this option is intended to be suitable for Minimum suggested investment timeframe To invest in international equities with the aim of achieving capital growth over the long term (10 or more years). Capital gains can be expected to be achieved, but there is also the risk of capital loss. To meet or exceed the return of the benchmark over rolling five year periods. Primarily invests 2 in international equities. Investments may include currency, futures and options contracts. 6 High Designed to suit investors who wish to maximise long term investment returns and have a 100% exposure to international equities. 10 years or longer Strategic asset allocation Growth assets Target 100% Range n/a International equities** 100% ** 0 to 100% hedged to the AUD 1 The return objective is not a guarantee of performance. The actual return may vary up or down from the return objective stated. The current benchmark is 85% MSCI World ex Australia Index (partly hedged) and 15% MSCI Emerging Market Free Index (unhedged). The benchmark index stated, including the split between benchmarks, may be substituted for a similar benchmark index consistent with the overall objective of the without prior notice. 2 Through discrete investment trusts. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 19

How to invest How much is needed? Initial investment: The minimum initial investment in the Investment is $10,000 and the minimum initial investment in any one is $500. Additional investment: Each subsequent ad hoc investment in a must be at least $500, and each monthly investment in a under the Regular Savings Plan must be at least $100. Who can invest? We will only accept investments into the Investment from Australian resident taxpayers. If at any time we are not satisfied that you qualify as an Australian resident taxpayer, we have the right under the trust deed to redeem your investment in full. Further we may refuse to accept an application to invest in one or more s in the Investment without giving reasons. How can you invest in the Investment? Initial investments To make an initial investment in the Investment complete the application form and send it to us together with, unless you are transferring from an existing SSFS product, your cheque to Attention: Registry Services, State Super Financial Services Australia Limited (see address inside the back cover). If your application does not specify the (s) for investment, we will invest your initial investment wholly in the Cash. However, you may be able to switch your investment from the Cash, as outlined on page 21. Additional investments (ad hoc) After you have become a unitholder in the Investment, additional ad-hoc investments can be made at any time by forwarding a cheque or money order to Attention: Registry Services, State Super Financial Services Australia Limited (see address inside the back cover) or using BPAY. When sending a cheque or money order the following details must be provided: your personal details; the amount of your investment; and the allocation. Registered to BPAY Pty Ltd ABN 69 079 137 518. Alternatively, you can send a cheque with a completed additional application form (available from our offices). BPAY payments can be made via your bank or financial institution. Details of Biller Code(s), together with your Customer Reference Number(s) can be located on SSFS s client website (ssfs.com.au) or by contacting your local regional office. If you wish to change the allocation for future/ additional investments, you will need to complete a Request to Change Allocation Future Contributions/Investments form (available from ssfs.com.au or any of our offices). If you do not specify the (s) for investment, your monies will be invested wholly in the Cash. However, you may be able to switch your investment from the Cash, as outlined on page 20. As a unitholder in the Investment Class A, you can only make additional investments into Class A units of a. Additional investments (Regular Savings Plan) You can arrange to make regular investments into the Investment using the Regular Savings Plan (see page 22). 20 State Super Investment Class A Product Disclosure Statement

How to switch and withdraw Switching A switch is the process of redeeming units in a (s), and using the redemption proceeds to purchase units in another (s). Please note that if you switch out all your units from the Cash, any interest which has accrued but has not yet been paid to you will also be switched out. You can switch a minimum amount of $500 in one (or the total of your investment in that, if it is less than $500) to one or more of the other s in the Investment, at any time. You can arrange a switch by completing a switch notification form available from any of our offices or by providing the necessary details in writing to us. As a unitholder in the Investment Class A, you can only switch from Class A units in one to Class A units in another. Prior to switching, you should ensure that you have read the latest PDS for the Investment Class A (and all updates and supplements). The latest PDS (and any updates and supplements) will be provided to you without additional charge upon request from any of our offices (see inside back cover). There is no restriction on the number of times you may switch part or all of your investment. Switching will involve a disposal of units for tax purposes and may have capital gains tax consequences. It is recommended you consult with your financial planner before switching so as to understand the consequences of switching. Withdrawals You can make a withdrawal from a by redeeming your units in that at any time. The minimum amount that can be withdrawn from any one is $500 (or the total of your Account Balance in that, if it is less than $500). This can be done by completing a redemption notification form available from any of our offices. It is recommended that you consult with your financial planner before withdrawing. Should you redeem all units held in the Cash, interest accrued on those units will be paid to you at that time. You are entitled to withdraw your Account Balance at any time. Your Account Balance is calculated by multiplying the number of units held in each by the then prevailing unit price for each and totalling these amounts. You should note however, that the amount received will be dependent on the prevailing unit price at the date the withdrawal is processed. You should allow at least two business days after the processing of your withdrawal for the monies to be credited to your bank, credit union, or building society account. Defaults on withdrawals and switches If you request a withdrawal or switch and you fail to provide us with details of the (s) from which you wish your units to be redeemed, or your request cannot be followed, we will deem that you have requested us to redeem sufficient units in order to satisfy your withdrawal or switch request in the following order: 1. from the Cash (until all funds are exhausted); 2. from the Fixed Interest (until all funds are exhausted); 3. from the Capital Stable (until all funds are exhausted); 4. from the Moderate (until all funds are exhausted); 5. from the Balanced (until all funds are exhausted); 6. from the Growth (until all funds are exhausted); 7. from the Growth Plus (until all funds are exhausted); 8. from the Australian Equities (until all funds are exhausted); and finally 9. from the International Equities. You should be aware that the above order for redeeming units may not be the best suited for your particular circumstances, therefore it is important that you provide us with full withdrawal details. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 21

How to switch and withdraw Special investment and withdrawal facilities Regular Savings Plan You can arrange to make regular investments into the Investment using the Regular Savings Plan. This facility involves us making automatic deductions from your bank, credit union or building society account on the 16th day of each month. If this is not a business day, the amount will be deducted on the first business day thereafter. Please note: You should check whether your financial institution will charge you a fee for each withdrawal from your account before establishing a Regular Savings Plan. A business day is a day other than a Saturday or Sunday that banks are open for business in Sydney. Should you wish to take advantage of the Regular Savings Plan facility, complete the Regular Savings Plan application form. If your application for the Regular Savings Plan does not specify the (s) for investment, until you tell us otherwise, each investment made through the Regular Savings Plan will be invested wholly in the Cash. However, you may be able to switch your investment from the Cash, as outlined on page 21. Progressive Investment Facility You may benefit from regularly investing a specified amount into one or more s over time, as this may reduce the risk linked to attempting to time the market with a lump sum investment. This is often called dollar cost averaging. By doing so, more units may be purchased when prices are low and fewer units purchased when prices are high. The aim is to lower the total average cost per units of your investment, giving you a lower overall cost for the units purchased over time The Progressive Investment Facility enables you to access the benefits of dollar cost averaging. This Facility enables you to switch fixed amounts on a regular basis (monthly or quarterly) into nominated (s) from amounts held in your Cash. This Facility involves us making automatic switches on: if you have selected a monthly facility, the 25th day of each month; and if you have selected a quarterly facility, the 25th day of March, June, September and December. If this is not a business day, the switch will occur on the first business day thereafter. The minimum amount that can be switched under the Progressive Investment Facility is $2,000 per switch. Where the amount invested in the Cash is less than $2,000, we will switch the remaining balance of the Cash. Should you wish to take advantage of the Progressive Investment Facility, complete the Progressive Investment Facility application form available from any of our offices. The Progressive Investment Facility application form must be received in our office by the 20th of the relevant month to take effect from the 25th of that month. Monthly withdrawal facility A Monthly Withdrawal Facility is also available. The minimum amount that can be withdrawn under this facility is $500 each month. Withdrawals under the Monthly Withdrawal Facility are processed on the 15th day of each month. If the 15th day of the month is not a business day, payments will be processed on the preceding business day. Withdrawals using this facility are made from your account using the default withdrawal arrangements described on page 21. Payments are made directly to your bank, credit union or building society account. Payments are not made by cheque. Due to delays that may be experienced by your financial institution, you should allow at least a further 2 business days after processing of your withdrawal for the funds to be credited to your bank, building society or credit union account. 22 State Super Investment Class A Product Disclosure Statement

Transaction processing Unit prices and valuations Your investment in each is represented by Class A units in that. The price of Class A units in a, the unit price for that class, is: in respect of the Cash, $1.00 per unit; and in respect of the other s, based on the net value of the assets (assets minus liabilities) of the relevant (s). Any rise or fall in the value of the s investments is reflected in a corresponding rise or fall in the unit price. Each is required to be valued at least weekly; however, we currently value each as at the close of each business day. We may change this practice without notice to you. The unit price based on that valuation is the applicable unit price for that day. Income earned on an investment in the Cash is accrued on a daily basis for each Class A unit on issue and is accumulated for distribution to you. Investment income earned on the investments referrable to the Fixed Interest, Capital Stable, Moderate, Balanced, Growth, Growth Plus, Australian Equities and International Equities s, such as dividends and interest, capital gains, capital losses and costs are all reflected in each s unit price of the Class A units for each. The assets referrable to the Fixed Interest, Capital Stable, Moderate, Balanced, Growth, Growth Plus, Australian Equities and International Equities s are valued at market prices. Assets may rise or fall in value. Currently, the issue price of a Class A unit is the same as the redemption price of a Class A unit. This is because we do not currently apply a buy/sell spread to the unit prices for the Investment. A buy/sell spread is effectively a fee that seeks to cover the costs incurred when buying and selling assets as a result of investments in or switches or withdrawals from a. The responsible entity may choose to apply a buy/sell spread in the future. As the responsible entity does not apply a buy/sell spread, investors do not incur direct transaction costs when making investments in a or switches or withdrawals from a. Transaction costs (see page 32) are taken into account at the time the assets of a are valued and are reflected in unit prices. Should we propose to change this in the future we will provide you with at least 30 days notice. For your convenience, the latest available unit price information is available 24 hours a day on our website at ssfs.com.au. We may exercise certain discretions that could affect unit prices on investment, switching or withdrawal in each of the Fixed Interest, Capital Stable, Moderate, Balanced, Growth, Growth Plus, Australian Equities and International Equities s. The types of discretions that we may exercise, in what circumstances, our policies on how we exercise the discretions and the reasons why we consider our policies are reasonable, are set out in our Unit Pricing Discretions Policy. If we exercise discretion in a way that departs from the policies set out in our Unit Pricing Discretions Policy, we are required to keep a record of this in a Register of Exceptions. You can obtain a copy of our Unit Pricing Discretions Policy or Register of Exceptions, or both, without additional charge, by calling any of our Regional Offices (see the Directory on the inside back cover). We may suspend or delay unit pricing where: a significant event or incident occurs that has the potential to affect the investment markets; or an event occurs that has the potential to affect unit prices (such as an external investment manager being unable to provide current unit prices). We are not responsible for any losses caused by these suspensions or delays. Income and income distributions Following the end of each income period (see below) for a, other than for the Cash, the net income (if any) of each in which you are invested is distributed to you in proportion to the number of units you hold in the at that time. For the Cash, you will receive any income entitlement for each day that you hold units in that during the period (less any income entitlement that has already been paid to you on those units during the income period). Net income comprises both income (such as interest and dividends) plus any realised capital gains on assets sold. Realised capital gains (if any) are generally distributed at the end of the financial year. Instead of paying your distribution(s) into your Visit our website www.ssfs.com.au or call 1800 620 305 for further information 23

Transaction processing bank, credit union or building society account, you can choose to purchase additional Class A units (re-invest) in the same (s) from which the distribution was made. If you do not tell us whether you wish to have distributions paid to you or re-invested, income distributions (net of any tax withheld) will be automatically reinvested in the relevant. When are distributions paid? The Cash, Fixed Interest, Capital Stable, Moderate and Balanced s distribute the net income of each as at the end of each September, December, March and June quarter. The Growth, Growth Plus, Australian Equities and International Equities s distribution periods are half yearly as at the end of December and June. Each quarter (for the Cash, Fixed Interest, Capital Stable, Moderate and Balanced s) or six month period (for the Growth, Growth Plus, Australian Equities and International Equities s) is known as an income period. The trustee may change the income period for a at any time without notice. Processing of investment, withdrawal and switch transactions We generally process investment applications and withdrawal and switch requests each business day. If your investment application or your withdrawal or switch request is received before 3.00pm Sydney time on any business day, it will be processed using the unit price applicable for that day. This price is not known until Business Day 2. It is important to consider this when making your transaction request. If we receive your investment application or your withdrawal or switch request after 3.00pm Sydney time on a business day, or on a day that is not a business day, we treat it as having been received before 3.00pm Sydney time on the next occurring business day and it will be processed using the unit price applicable for that next occurring business day. Please note: if you ask for a unit price or investment valuation we can provide an historical unit price or investment valuation only. You should allow at least two business days after the processing of your withdrawal for the funds to be credited to your bank, credit union or building society account. There may be situations where we delay or suspend the processing of investment application, withdrawal or switch transactions. This could occur, for example, because of the closure, termination or suspension of an external fund by an investment manager, where processing of a transaction would adversely affect the interests of others invested in a or we are unable to realise sufficient assets to satisfy the transaction. We are not responsible for any losses caused by these suspensions or delays. You should be aware that the Investment constitution allows up to 30 days for the completion of any withdrawal or switch from the Fixed Interest, Capital Stable, Moderate, Balanced, Growth, Growth Plus, Australian Equities and International Equities s. 24 State Super Investment Class A Product Disclosure Statement

Reporting Regular reporting Transaction statement A transaction statement will be sent to you when you invest in, withdraw from or switch between any of the s in the Investment. Transaction statements will not be sent to you for investments in the Regular Savings Plan or withdrawals from the Monthly Withdrawal facility. Annual Statement and Six monthly statement to 31 December If you have registered to view your account balances online, you may elect to receive: An email notifying you that your Annual Statement and six monthly statement can be viewed online; or A paper copy of your Annual Statement and six monthly statement in the mail. If you have not registered to view your account balances online, or have not made one of the above online elections, your Annual Statement and six monthly statements will be sent to you in the mail. Annual tax report An annual tax report will be sent to you on or before each 31 August. This report will assist you in preparing your Income Tax Return for the year. Annual report The annual report of the Investment, containing information about the Investment, together with the audited financial statements will be available from our website within three months after the end of each financial year. The direct link for the annual report is: ssfs.com.au/if. You can ask us to send you a copy of the annual report, without additional charge. Alternatively, we can notify you by email when the annual report is available on our website. Please see section titled Accessing information online adjacent for further information. Documents lodged with ASIC in relation to the Investment Each in the Investment is a disclosing entity and, as required by law, is subject to regular reporting and disclosure obligations. Copies of documents lodged with ASIC in relation to the Investment may be obtained from, or inspected at, any ASIC office. You may also obtain a copy of: (a) each s annual financial report most recently lodged with ASIC; (b) any half-year financial reports lodged with ASIC in relation to any in the Investment ; and (c) any continuous disclosure notices lodged with ASIC in relation to any in the Investment, on request from State Super Financial Services Australia Limited without additional charge by contacting one of our offices (see the Directory on the inside back cover). Important Note: Where interests in the Investment are held jointly (e.g. husband and wife), all reports will be sent to the joint investors at the one postal address separate reports will not be provided to each joint investor. Accessing information online We offer you a service whereby you can view your Account Balance and other useful information online via our website located at ssfs.com.au. If you choose to use this service your unique password in conjunction with your client code (provided to you by us at the time you first invest in any product issued by SSFS), can be used to access your investment information at any time. Use of this service is subject to the terms and conditions listed on the ssfs.com.au website. Death Benefits What happens on your death? In the event of your death, your Account Balance in the Investment : is paid to your Estate if you are the sole investor; or is transferred to the surviving investor(s) if you are a joint investor. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 25

Fees and other costs Government regulation requires us to provide the following consumer advisory warning: DID YOU KNOW? Small differences in both investment performance and fees and costs can have a substantial impact on your long term returns. For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30 year period (for example reduce it from $100,000 to $80,000). You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. TO FIND OUT MORE If you would like to find out more, or see the impact of the fees based on your own circumstances, the Australian Securities and Investments Commission (ASIC) website (www.moneysmart.asic.gov.au) has a managed investment fee calculator to help you check out different fee options. This document shows fees and other costs that you may be charged. These fees and costs may be deducted from your money, from the returns on your investment or from the fund assets as a whole. Taxes are set out in another part of this document. You should read all the information about fees and costs because it is important to understand their impact on your investment. 26 State Super Investment Class A Product Disclosure Statement

Fees and other costs Fees and Other Costs Table TYPE OF FEE OR COST Establishment fee The fee to open your investment. Contribution fee The fee on each amount contributed to your investment. Withdrawal fee The fee on each amount you take out of your investment. Termination fee The fee to close your investment. The fees and costs for managing your investment 1,2 The amount you pay for specific s is shown on the right. Investment switching fee The fee for changing investment options. STATE SUPER INVESTMENT FUND CLASS A Cash Fixed Interest AMOUNT Capital Stable Moderate Fees when your money moves in or out of the fund Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil 0.99% pa of the amount you invest in the Management Costs Management fee: 1.15% pa of the amount you invest in the 1.30% pa of the amount you invest in the PLUS: Performance fee: An estimated performance fee of Nil Nil 0.03% pa of the amount you invest in the Service Fees 1.35% pa of the amount you invest in the 0.06% pa of the amount you invest in the Nil Nil Nil Nil HOW AND WHEN PAID Management fees are calculated and accrued each day, and included in the calculation of the unit price of Class A units in each on each business day and paid monthly. Management fees are deducted from assets at the end of each month. Performance fees are calculated and accrued on a regular basis (at least monthly) and incorporated into the calculation of unit prices. Performance fees are deducted from assets at the end of each financial year. 1 The investment fee includes financial planning costs. See Costs of financial advice section under the heading Additional explanation of fees and costs. 2 You may be eligible to receive a rebate on the management fees payable on your investment. Please see Additional explanation of fees and costs for more details. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 27

Fees and other costs TYPE OF FEE OR COST Establishment fee The fee to open your investment. Contribution fee The fee on each amount contributed to your investment. Withdrawal fee The fee on each amount you take out of your investment. Exit fee The fee to close your investment. The fees and costs for managing your investment 1,2 The amount you pay for specific s is shown on the right. Balanced Growth AMOUNT Growth Plus Australian Equities International Equities Fees when your money moves in or out of the fund Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil 1.40% pa of the amount you invest in the 1.50% pa of the amount you invest in the Management Costs Management fee: 1.50% pa of the amount you invest in the 1.50% pa of the amount you invest in the 1.50% pa of the amount you invest in the HOW AND WHEN PAID Management fees are calculated and accrued each day, and included in the calculation of the unit price of Class A units in each on each business day and paid monthly. Management fees are deducted from assets at the end of each month. Investment switching fee The fee for changing investment options. 0.07% pa of the amount you invest in the PLUS: Performance fee: An estimated performance fee of 0.08% pa of the amount you invest in the 0.08% pa of the amount you invest in the Service Fees Nil Nil Nil Nil Nil Nil Nil Performance fees are calculated and accrued on a regular basis (at least monthly) and incorporated into the calculation of unit prices. Performance fees are deducted from assets at the end of each financial year. 1 The investment fee includes financial planning costs. See Costs of financial advice section under the heading Additional explanation of fees and costs. 2 You may be eligible to receive a rebate on the management fees payable on your investment. Please see Additional explanation of fees and costs for more details. 28 State Super Investment Class A Product Disclosure Statement

Fees and other costs Additional explanation of fees and costs Performance fees We may pay some investment managers of the s a performance fee for achieving specific targets. This is passed onto you through an increase in the management costs. The management costs set out in the Fees and other costs table above includes estimated performance fees where applicable. Performance fees are based on the returns a manager delivers. They will vary from year to year in line with performance. We estimate that the performance fee for the Capital Stable, Moderate, Balanced, Growth and Growth Plus s to be from 0.03% pa to 0.08% pa and this estimate is shown in the Fees and other costs table on pages 27 and 28. In exceptional circumstances the performance fee may be outside this range. Each performance fee is calculated slightly differently however they all have the following common elements: A performance fee is only payable to a manager if they achieve a target level of return; Each time a performance fee is paid the portfolio must reach the previous highest value plus the appropriate performance hurdle before a new performance fee is payable; Performance fees are calculated and accrued regularly (at least monthly) and incorporated into the calculation of unit prices. The accrued performance fee can rise or fall in line with delivered performance; and Performance fees are only payable at the end of each financial year and in certain circumstance payments may be delayed. Rebating of management fee You may be eligible to receive a rebate of the management fee payable on your investment in the State Super Investment Class A, the State Super Personal Retirement Plan, the State Super Allocated Pension and the State Super Term Allocated Pension (each, an eligible product). Rebates do not apply to performance fees. The rebate applies to the management fee on the total account balance that exceeds $1,000,000. Eligibility criteria You are eligible for a rebate in respect of a six month period if: you and your spouse (married, de facto or same sex) have a total account balance of over $1,000,000 in one or more eligible products on any business day during each six month period; and at any time during the six month period, you were invested in the Fixed Interest, Capital Stable, the Moderate, the Balanced, the Growth, the Growth Plus, the Australian Equities and/or the International Equities ; and you are invested in one or more eligible products on the date the rebate is paid this means that if you are not invested in any eligible product on the date the rebate is paid, no rebate shall be paid to you (although your spouse may still be entitled to the rebate if he or she satisfies the eligibility criteria). The six month periods are 1 October to 31 March and 1 April to 30 September. Payment of the rebate The overall effect of the rebate is that: (a) the management fee on the first $1,000,000 of the total account balance are as outlined in the table on page 30 of the PDS; and (b) the maximum management fee on the total account balance over $1,000,000 is 0.99% pa plus any performance fee payable. As described in the table on page 27 of the PDS, management fees are calculated and accrued each business day. Accordingly, the rebate is calculated on a daily basis, having regard to the daily total account balance. This means that you will not receive a rebate of management fee on any business day that your total account balance does not exceed $1,000,000. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 29

Fees and other costs This means that your management fee will be as follows: Management fee on First $1 Million of Total Account Balance (per day) Maximum Management fee on Remainder of Total Account Balance over $1 Million after Rebate (per day) Cash 0.99% pa 0.99% pa Fixed Interest Capital Stable Moderate Balanced 1.15% pa 0.99% pa 1.30% pa 0.99% pa* 1.35% pa 0.99% pa* 1.40% pa 0.99% pa* Growth 1.50% pa 0.99% pa* Growth Plus Australian Equities International Equities * Plus any performance fee payable 1.50% pa 0.99% pa* 1.50% pa 0.99% pa 1.50% pa 0.99% pa Where your entitlement to a rebate is based on the total of your and your spouse s account balance, the rebate will be paid proportionately based on the account balance of each spouse on the date of payment. The rebate will be allocated between the s that you are invested in on the date of payment. Accordingly, while the rebate represents a reduction in management fees of the Fixed Interest, the Capital Stable, the Moderate, the Balanced, the Growth, the Growth Plus, the Australian Equities and the International Equities each day in the six month period, part or all of your rebate would be paid to the Cash if you are invested in the Cash on the payment date. We will normally pay the rebate within one month after the end of each six month period. The rebate will be paid in the form of an allocation of additional units in the s that you are invested in at the date of payment of the rebate at the unit price for that day. You should discuss the tax implications of these rebates with your financial planner. Rebate methodology The rebate for a six month period is calculated as follows: 1. Calculate the management fee (refer to page 27 of the PDS) deducted from each you (and, if relevant, your spouse) are invested in (as an annual amount). 2. Convert the amount of management fees from Step 1 into an average rate of management fee payable on the total account balance. 3. Calculate the total management fee after the effect of the rebate (as an annual amount) by applying: (a) the average rate calculated in Step 2 to the first $1,000,000 of the total account balance; and (b) 0.99% pa to that part of the total amount balance that exceeds $1,000,000. 4. Calculate the rebate amount (as an annual amount) by subtracting the management fee from Step 3 from the management fee from Step 2. 5. Convert the annual amount of the rebate to an amount for the six month period. 6. Allocate the amount of the rebate from Step 5 between each that you (and, if relevant, your spouse) are invested in at the time of payment. For example, if you had $1,050,000 invested in the State Super Investment ($500,000 in the Cash, $250,000 in the Capital Stable and $300,000 in the Balanced ) and your spouse had $1,500,000 invested in the State Super Allocated Pension ($500,000 in the Cash, $600,000 in the Balanced and $400,000 in the Growth ) from 1 October to 31 March (assuming no change in value of investment) and no performance fees were payable and you both otherwise satisfied the eligibility criteria, the rebates payable would be calculated as per page 31. 30 State Super Investment Class A Product Disclosure Statement

Fees and other costs Example: Rebate Calculation (see page 30 for example assumptions) This table gives an example of how the fees and costs in the balanced investment option for this managed investment product can affect your investment over a 1 year period. You should use this table to compare this product with other managed investment products. Total annual management fee for you and your spouse before rebate Average annual management fee for you and your spouse before rebate Total annual management fee for you and your spouse after rebate Amount of rebate for you and your spouse (as an annual amount) Amount of rebate for six month period for you and your spouse Allocation of rebate to your investment in the State Super Investment Allocation of rebate to your spouse s investment in the State Super Allocated Pension Management fee for Cash = ($500,000 x 0.99% pa) + ($500,000 x 0.99% pa) = $9,900 pa Management fee for Capital Stable = $250,000 x 1.3% pa = $3,250 pa Management fee for Balanced = ($300,000 x 1.4% pa) + ($600,000 x 1.4% pa) = $12,600 pa Management fee for Growth = $400,000 x 1.5% pa = $6,000 pa Total annual management fee = $31,750 pa = $31,750 $2,550,000 = 1.25% Management fee for first $1,000,000 $1,000,000 x 1.25% pa = $12,500 pa Management fee for amount over $1,000,000 $1,550,000 x 0.99% pa = $15,345 pa Total annual management fee = $27,845 pa = $31,750 - $27,845 = $3,905 pa = $3,905 x 182 365 = $1,947.15 Rebate allocated to Cash $500,000 $2,550,000 x $1,947.15= $381.79 Rebate allocated to Capital Stable $250,000 $2,550,000 x $1,947.15 = $190.90 Rebate allocated to Balanced $300,000 $2,550,000 x $1,947.15 = $229.08 Rebate allocated to Cash $500,000 $2,550,000 x $1,947.15 = $381.79 Rebate allocated to Balanced $600,000 $2,550,000 x $1,947.15 = $458.15 Rebate allocated to Growth $400,000 $2,550,000 x $1,947.15 = $305.44 Note: The above example is illustrative only and is based on the factors stated for example, the number of days in each six month period may vary. It should not be taken to provide an estimate of the rebate you or your spouse may be paid in any circumstances. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 31

Fees and other costs Taxation Taxation costs are discussed on page 34. Government charges Where applicable, government charges will be deducted from your Account Balance. These deductions will be itemised in your Annual Statement (see page 25 for discussion of your Annual Statement). Costs of financial advice The management fess in the Fees and other costs table above include the costs of access to financial advice. See the Statement of Advice from your financial planner for further details. Transactional and operational costs Transactional and operational costs are the costs of buying and selling assets associated with each. They include brokerage, the costs of settlement and clearing of assets, and Government taxes and duties. Such costs are deducted from the assets relating to each at the time they are incurred. Transactional and operating costs are reflected in the unit prices of the s. They are an additional cost to you, in addition to the fees and costs set out in the Fees and costs table above. Estimates are included in unit prices. Can the fees change? Yes, fees can change. We may increase fees or may commence charging new fees without your consent. Reasons for doing so might include changing economic conditions and changes in regulation. The current fee we receive for overseeing the Investment s operations which includes ongoing administration is less than the maximum fee we are entitled to receive under the trust deed. The maximum fee allowable for the Cash, Capital Stable, Balanced and Growth s is 1.5% per annum, and for all other s is 2% per annum. We are also entitled to be reimbursed for certain costs, charges and expenses we incur. Further, although we do not currently charge a switching fee, the trust deed allows a switching fee of $100 (CPI indexed from 30 June 1993) to be charged per switch. The Trustee reserves the right to change the rebate percentage and/or the total account balance threshold and/or the eligibility conditions at any time. However, we will give you 30 days prior notice of any such change. We have the right to withhold the rebate if we consider the eligibility criteria are no longer met. We will give you at least 30 days prior notice of any increase in fees or of the introduction of new fees. 32 State Super Investment Class A Product Disclosure Statement

Fees and other costs Example of annual fees and costs for the Balanced This table gives an example of how the fees and costs in the Balanced can affect your investment over a 1 year period. You should use this table to compare this product with other managed investment products. EXAMPLE the Balanced BALANCE OF $50,000 WITH A CONTRIBUTION OF $5,000 DURING YEAR Contribution Fees Nil For every additional $5,000 you put in, you will be charged $0. PLUS Management Costs 1 1.47% And, for every $50,000 you have in the fund you will be charged $735.00 2 each year EQUALS Cost of Balanced If you had an investment of $50,000 at the beginning of the year and you put in an additional $5,000 during that year, you would be charged fees of: $735.00 2 What it costs you will depend on the investment option you choose and the fees you negotiate with your fund or financial adviser. 1. Management costs are calculated as the sum of the management fee of 1.40% pa plus estimated performance fees of 0.07% pa. Note: The example assumes the $5,000 contribution was made at the end of the year, therefore, management costs re calculated using the $50,000 balance only. The example above is illustrative only and is based on the factors stated. It should not be taken to contain or provide an estimate of the management costs you will pay in relation to the Investment Class A. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 33

Taxation What tax is payable? The following taxation information is a summary only of the main income tax issues affecting managed investment schemes. It is a brief guide only and does not purport to be a complete statement of relevant tax law. It is recommended that you contact seek independent professional tax advice before investing in the Investment in order to obtain tax information applicable to your own circumstances. The s in the Investment are not expected to pay Australian income tax as it is intended that investors will be presently entitled to all of the income of each. You may be liable to pay tax on your share of the income from the s comprising the Investment in the year in which your entitlement arises (whether you receive your distribution in cash or reinvest after 30 June). Distributions could comprise: income (from dividends and interest); net capital gains (from the sale of the s investments); tax offsets (like franking credits attached to dividend income and credits for tax paid on foreign income) which can reduce the tax you pay. You may be entitled to a refund of excess franking credits. Foreign tax credits can reduce the tax payable on your foreign source income. Can a tax liability arise when you withdraw, switch or transfer? Yes, Australian residents are generally subject to capital gains tax on gains when they withdraw any money (excluding withdrawals from the Cash ), including when a switch is made, or when units are transferred to someone else. Distributions of tax-free or tax-deferred amounts may impact on the cost base of your units in a for capital gains tax purposes. Depending on the kind of taxpayer you are, and how long you have held your units, you may be entitled to a capital gains tax concession which can reduce your tax liability by up to one half. Where you have capital losses, and you offset them against a discount capital gain, the discount capital gain must be grossed up to the nominal gain before offsetting the capital loss. When units are redeemed from the Fixed interest, Capital Stable, Moderate, Balanced Growth, Growth Plus, Australian Equities and International Equities s (as a result of a switch or a withdrawal of funds) they will be redeemed in the following order from each unless we are otherwise advised. Firstly, units which provide a capital loss (if any) are selected on a Last In First Out (LIFO) basis. Once these have been exhausted, units which provide a capital gain are selected on a lowest to highest gain basis. Do you need to give your tax file number (TFN) or Australian business number (ABN)? It s up to you, but we recommend it strongly. You can advise us of your TFN or ABN on the application form or otherwise notify us in writing. If you choose not to provide your TFN or ABN and don t have an exemption, we must deduct tax at the highest marginal tax rate, plus the Medicare levy, before distributing your net income entitlement to you. 34 State Super Investment Class A Product Disclosure Statement

Addtional Information Can you change your mind? If you change your mind about investing in the Investment, you have a 14 day cooling-off period to tell us in writing. This starts from the earlier of either: the day you receive confirmation of your initial investment; or the end of the 5th business day after the day on which we issue units in the Investment to you. You should be aware the amount refunded under the cooling-off rules may be less than the amount you invested. The amount refunded is based on the unit price for the business day in which we receive your request (provided it is received prior to 3.00pm Sydney time on a business day), less any applicable tax. Cooling-off does not apply to switching between s, distribution re-investments or regular savings plan investments. You cannot exercise your cooling-off rights if you have exercised any other right or power you have in relation to the Investment. Any enquiries or complaints? If you have an enquiry or would like further information about the Investment, please contact a Client Service Officer at your nearest office see inside back cover for contact details. If you are not satisfied with the service or advice you receive from us, you are entitled to complain. We have established procedures to ensure all enquiries are answered and complaints are resolved. Any complaint, should be directed in writing and sent to the General Manager Financial Planning, State Super Financial Services Australia Limited, GPO Box 5336, Sydney NSW 2001. We will respond to your complaint as quickly as possible and will make every effort to resolve your complaint within 45 days. If your complaint is not satisfactorily resolved within 45 days you can refer your complaint to the Financial Ombudsman Service (FOS) at GPO Box 3, Melbourne VIC 3001, phone 1300 780 808, fax 03 9613 6399 or email info@fos.org.au. FOS is an independent body that deals with complaints arising in financial services. Time limits apply to complaints to FOS. If you have a complaint you should contact FOS immediately to find out the time limit that applies. Personal information It is SSFS s policy to respect the privacy of individuals. SSFS is bound by the Australian Privacy Principles contained in the Privacy Act 1988 (the Act ). We understand the importance you attach to information that identifies you. Our business provides a financial advice service and financial products. To operate effectively, we need to collect personal information. This policy applies to the personal information obtained through, and held in relation to, our services and products. Where reasonable and practicable, we collect personal information directly from you. In some cases, we may collect personal information about you from: your employer; your spouse or partner; your lawyer or accountant if they have been authorised by you; the trustee of your superannuation fund or its related parties, associates or affiliates; government agencies and corporate entities. Our main purpose for collecting and holding personal information is to establish and manage our financial products and services for our customers and reviewing their ongoing needs. To do this effectively, we obtain personal information about you: to establish and administer the financial products and services that you acquire; for internal administration, including development of new products & services, systems development and testing and accounting functions; to comply with various legal, statutory and regulatory obligations; for fraud investigation and prevention; and for your beneficiaries to receive death benefit payments. Visit our website www.ssfs.com.au or call 1800 620 305 for further information 35

Additional Information We may collect personal details unlikely to be known to other people to help us identify you over the telephone, internet or other digital communications. Collecting personal information also allows us to meet legal obligations we might have including those under the Corporations Act, the Anti-Money Laundering and Counter-Terrorism Financial Act and the U.S. Foreign Account Tax Compliance Act. We may also use personal information for purposes related to those set out above such as market research or surveys for enhancing our products and customer service and providing you with information about investment, retirement and financial planning opportunities or special offers that may be of interest to you. You have the right not to provide personal information to us. However, if you choose not to provide the information we need, it may affect the appropriateness of our financial advice or we may not be able to provide you with your requested product or service. We may disclose information about you to: our related parties, associates and affiliates; other financial institutions; Government bodies in Australia or in the US; your executor, attorney or accountant; courts, tribunals and other dispute resolution bodies; anyone authorised by law to obtain information about you; and our external service providers. Under the Act, you generally have the right to request access to personal information that we hold about you and to request its correction. Your right to access this information however is subject to certain exceptions under the Act. We will, prior to providing access in accordance with this policy, require you to provide evidence of your identity. Our Privacy Policy at ssfs.com.au tells you how you can access or correct the information we hold and our privacy complaints process. It also contains information about how you may complain to us about a breach of the Australian Privacy Principles and how we will deal with such a complaint. Our responsibilities to you The trust deed, this PDS and the law govern our relationship with you. You can inspect a copy of the trust deed during normal business hours at any of our offices without charge. The trust deed limits our need to compensate you if we comply with our duties. In these circumstances, we do not need to compensate you for any loss you may suffer. Anti-Money Laundering and Counter Terrorism Financing Customer identification and verification We are required to comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth). This means that we may need to obtain information and documentation verifying your identity (identification documentation) when you first apply to invest in the Investment and when undertaking transactions in relation to your investment. If you are investing through a financial planner, your financial planner may ask to see either original or certified copies of your identification documentation and may retain copies of the documentation. If your application form is signed under Power of Attorney, we will also require a certified copy of the Power of Attorney and a specimen signature of the attorney. If you are not investing through a financial planner and have not invested in another State Super Financial Services investment, we will ask to be provided with either the original or certified copies of your identification documentation and may retain copies of the documentation. We may need to ask you for additional information about yourself or anyone acting on your behalf, either when we are processing your application or at some stage after we issue units in a. 36 State Super Investment Class A Product Disclosure Statement

Additional Information What identification documentation do you need to provide? The actual identification documentation that you need to provide will depend on whether you are an individual investor or a non-individual investor such as a self-managed superannuation fund, trust or a company. We have outlined the required identification documentation in the Identification Verification Form. If we do not receive all the required identification documentation or we are unable to verify your identity, we may not be able to proceed with your investment or a transaction in relation to your investment. We will contact you as soon as possible if we require more information. Who can certify identification documentation? Any of the following people can certify identification documentation as a true copy of an original document: Justice of the Peace Police officer Officer with 2 or more continuous years of service (for the purposes of the Statutory Declaration Regulations 1993) Finance company officer with 2 or more continuous years of service (for the purposes of the Statutory Declaration Regulations 1993) Officer with, or authorised representative of, a holder of an Australian financial services licence, having 2 or more continuous years of service with one or more licensees Member of the Institute of Chartered Accountants in Australia, CPA Australia or the National Institute of Accountants Judge of a court Magistrate A person who is enrolled on the roll of the Supreme Court of a State or Territory, or the High Court of Australia, as a legal practitioner (however described), i.e. a lawyer Agent of the Australian Postal Corporation who is in charge of an office supplying postal services to the public Permanent employee of the Australian Postal Corporation with 2 or more years of continuous service who is employed in an office supplying postal services to the public Chief Executive Officer of a Commonwealth court Registrar or deputy registrar of a court Australian consular officer or an Australian diplomatic officer (within the meaning of the Consular Fees Act 1955) Notary public (for the purposes of the Statutory Declaration Regulations 1993) Visit our website www.ssfs.com.au or call 1800 620 305 for further information 37

Directory Registry Services GPO Box 5336 Sydney NSW 2001 Brisbane QLD Level 10, 133 Mary Street, BRISBANE PO Box 15499 City East QLD 4002 Client Services: 07 3335 7055 Charge Free: 1800 357 085 Canberra City ACT 86-88 Northbourne Avenue, BRADDON PO Box 725 Civic Square ACT 2608 Client Services: 02 6232 2155 Charge Free: 1800 028 918 Canberra Woden ACT Level 1, 10 Corinna Street, PHILLIP PO Box 49 Woden ACT 2606 Client Services: 02 6122 2855 Charge Free: 1800 502 100 Melbourne VIC Level 16, 440 Collins Street, MELBOURNE GPO Box 2817 Melbourne VIC 3001 Client Services: 03 8615 3055 Charge Free: 1800 805 233 Perth WA Level 3, 197 St Georges Terrace, PERTH PO Box 5657 Perth WA 6831 Client Services: 08 9214 4155 Toll Free: 1800 332 308 Sydney Clarence Street NSW Level 9, 83 Clarence Street, SYDNEY GPO Box 5336 Sydney NSW 2001 Client Services: 02 9333 9500 Charge Free: 1800 222 211 Sydney Pitt Street NSW Level 9, 175 Pitt Street, SYDNEY GPO Box 5058, Sydney NSW 2001 Client Services: 02 8295 7950 Charge Free: 1800 985 950 Liverpool NSW Level 3, 1 Moore Street, LIVERPOOL PO Box 137 Liverpool NSW 2170 Client Services: 02 8738 2555 Charge Free: 1800 899 315 Newcastle NSW Level 2, 22 Honeysuckle Drive, NEWCASTLE PO Box 1765 Newcastle NSW 2300 Client Services: 02 4016 2255 Charge Free: 1800 807 855 Parramatta NSW First Floor, 90 Phillip Street, PARRAMATTA PO Box 966 Parramatta NSW 2124 Client Services: 02 8895 2355 Charge Free: 1800 626 000 Penrith NSW Level 3, 331 High Street, PENRITH PO Box 1014, Penrith NSW 2751 Client Services: 02 4724 4855 Charge Free: 1800 102 700 Wollongong NSW Level 4, 280-286 Keira Street, WOLLONGONG PO Box 349 Wollongong East NSW 2520 Client Services: 02 4231 2455 Charge Free: 1800 060 166 Central Coast NSW Level 2, 40 Mann Street, GOSFORD PO Box 354 Gosford NSW 2250 Client Services: 02 4304 8255 Charge Free: 1800 801 965 Mid North Coast NSW 40 Gordon Street, PORT MACQUARIE PO Box 2117 Port Macquarie NSW 2444 Client Services: 02 6516 1455 Charge Free: 1800 676 839 North West NSW Ground Floor, 17 White Street, TAMWORTH PO Box 297 Tamworth NSW 2340 Client Services: 02 6755 2055 Charge Free: 1800 248 609 Northern Rivers NSW 193-199 River Street, BALLINA PO Box 1078 Ballina NSW 2478 Client Services: 02 6686 1655 Charge Free: 1800 656 474 South West NSW 14 Morrow Street, WAGGA WAGGA PO Box 13 Wagga Wagga NSW 2650 Client Services: 02 5908 1755 Charge Free: 1800 641 109 Central West NSW 180 Anson Street, ORANGE PO Box 2381 Orange NSW 2800 Client Services: 02 5310 1855 Charge Free: 1800 803 708 38 State Super Investment Class A Product Disclosure Statement

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