Business Continuity Plan

Business Continuity Plan for

Triumph Global Securities, Ltd.

The following information addresses our firm’s Business Continuity Plan (BCP), which would go into effect during a Significant Business Disruption (SBD). As you know, our firm is a registered Broker / Dealer and this information is being provided to you as required by regulations governing how Broker / Dealers’ operations should be performed during an SBD. Therefore, pursuant to new rules that go into effect as of September 10, 2004, as set forth by the United States Securities and Exchange Commission and as promulgated by the FINRA, we hereby provide below a statement of Triumph Global Securities, Ltd.’s policy.

Triumph Global Securities, Ltd. — Firm Policy

Our firm’s policy is to respond to a Significant Business Disruption (SBD) by safeguarding employees’ lives and the firm’s property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records, and allowing our customers to transact business. In the event that we determine we are unable to continue our business, we will assure customers prompt access to their funds and / or securities and / or financial projects. As a firm focused in corporate finance / investment banking, we normally do not hold our customers’ funds / securities. Our firm has backup facilities and arrangements in place. SBD’s can take two forms, internal and external. Generally, in the event of an SBD to our offices, we expect to recover within the same day or by the next business day. The same is estimated for an SBD to our business district. In the event of any SBD to New York City and / or our geographic region, we expect that our recovery will be in stages. Initial recovery will be on the same day or the next business day. Total recovery of all our internal operations may take from days to weeks, depending on the actual nature of the SBD that occurred. We are confident that we will be able to continue to provide our services and communicate with our clients within the same day and / or the next business day following an SBD. Due to the nature of our work, we also expect that we will be able to carry on and go forward with our clients’ projects even when our internal systems are not all fully operating, again depending on the nature of the SBD. In the event of an SBD, we will attempt to maintain contact with our clients via: telephone, fax, e-mail, mail, overnight courier, our Web site, and in-person contact, to the extent that any of these means are available. Another telephone contact for our firm is through Triumph Worldwide Companies, Ltd.; that telephone number is: (212) 246-0988.

If you have any questions, please feel free to contact us at (212) 246-0983.