Released on: July 17, 2008, 1:46 am

Press Release Author: dave turner

Industry: Financial

Press Release Summary: First Prime Group comment on factors behind returns on
agri-based strategy


Press Release Body: Sources close to First Prime Group, the private wealth manager,
have identified the use of bio fuels as a key factor in the performance of
agriculturally-based investments and believe that continued reliance upon the
alternative fuels will ensure profit growth well into the future.

In an allegedly leaked note to its investors, First Prime Group opined that global
food prices had leapt by 75 per cent. The note is said to refer to detailed
analysis of the world\'s food crisis by internationally-renowned economists.

Bio fuels like ethanol are derived from corn and with governments like the US
encouraging farmers to set aside larger proportions of crops for fuel use, the
remaining crops attract higher prices on world markets. First Prime Group is thought
to be active investors in the soft commodity complexes.

The G8 meeting in Japan this week will discuss the global food crisis and a vote in
the European Parliament on Monday will decide upon proposed amendments to the
Renewable Energy Directive. First Prime Group declined to comment on ethical issues
related to their investments.

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