HIP NAV as at 31 July 2008		144.2 cents
All Ordinaries	-101.4	4949.5
HIP Last traded on 5/09/2008	-0.02	1.29


	Investment & Financial Highlights Dividend & Earnings History Historical NAV

Hip has always delivered solid capital return and dividend performance.

Investment Process

Dividend Policy

Authorised Investments & Strategy

Performance Based Fees


	HIP Annual Report 2007 (pdf - 1,602 KB)

Since inception in 1998, HIP has delivered solid performance, in terms of capital return and dividends, for its investors.

The financial highlights as at 2007 financial year end are:

The portfolio after fees but before tax increased by 32.8% versus 25.4% for the All Ordinaries Accumulation Index;
Net Asset Value per share increased by 21.6% from $1.76 at 30 June 2006 to $2.14 at 30 June 2007;
The annual dividend of 8.0 cents was an increase of 18.5%, exceeding the rate of inflation again, as it has done every year since inception; and
The dividend for the year was fully franked and also had attached a LIC attributable amount of 11.43 cents.

Relative Performance History

Hyperion Flagship Investments Performance vs. the All Ordinaries Index

Annual Percentage Change
Year to	Portfolio Return Pre Fees	Portfolio Return After Fees	NAV	All Ordinaries Index
June 1999	16.4%	14.4%	12.9%	10.1%
June 2000	33.6%	31.3%	25.5%	12.9%
June 2001	20.0%	15.2%	8.9%	5.1%
June 2002	-5.0%	-6.3%	-9.5%	-7.6%
June 2003	-9.4%	-10.2%	-13.3%	-5.2%
June 2004	20.5%	19.0%	12.0%	17.7%
June 2005	35.1%	31.0%	24.2%	19.8%
June 2006	34.7%	31.6%	19.9%	19.0%
June 2007	35.9%	32.80%	21.6%	25.4%

Hyperion Flagship Investments - Medium to Long-Term Australian Investment Portfolio

Hyperion Flagship Investments Limited (HIP), ABN 99 080 135 913, is a unique ASX-listed invested company as the manager is only remunerated on investment outperformance.

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