Company Press Release

Mirae Asset Global Investments (USA) Appoints

John M. Capeci as SVP, Strategic Relationship Manager

Further Expands Relationship-Building Capacity with Industry Intermediaries

New York, NY (February 1, 2011) — Emerging markets leader Mirae Asset Global Investments announced today that John M. Capeci has joined the firm as Senior Vice President, Strategic Relationship Manager. In this role, Capeci will be responsible for developing and strengthening the firm’s relationships in the U.S. with national and regional broker-dealers, banks, “supermarket” platforms and custodians to registered independent advisors. The hire comes as Mirae Asset plans to further expand its presence among financial intermediaries to deliver emerging market expertise to high-net-worth and retail investors. Capeci will be part of a team that includes Robert P. Mulligan, Head of Strategic Relationships, who joined the firm last November. Both report to Head of Retail Sales and Distribution Vincent J. León, AAMS®.

Capeci will help leverage relationships with key intermediary platforms in distributing the Mirae Asset Discovery Funds, launched by Mirae Asset last September with a lineup that consists of six emerging market equity strategies. The Mirae Asset Discovery Funds are the first registered products offered by the firm to U.S. investors. The firm manages over $54 billion in assets under management globally, of which nearly $30 billion is invested in emerging market equities, making it one of the largest emerging markets equity investors worldwide.

"John's significant track record and relationship management expertise will enhance Mirae Asset's strategic partnership development with distribution and custodial platforms across the U.S.," said León. "As we continue to introduce our product offerings, we will rely on John's relationship management expertise to increase our distribution capacity to the growing number of U.S. investors interested in accessing the emerging markets."

Capeci joins Mirae Asset with over 17 years of industry experience, most recently at Prudential Investments (formerly JennisonDryden), where he was Vice President, Senior Account Manager, and led relationship management efforts across distribution channels. Earlier, as Vice President, Director of Relationship Management at Fred Alger Management, he designed the firm’s relationship model focused on increasing distribution opportunities with financial intermediaries. He held a similar position previously at AllianceBernstein. Capeci began his career as a Financial Advisor with Merrill Lynch.

Mirae Asset Global Investments

Mirae Asset Global Investments is one of the world’s largest investment managers in emerging market equities. With over 520 employees including more than 170 dedicated investment professionals, Mirae Asset portfolio management teams are located in Brazil, Hong Kong, India, Korea and the U.S. Headquartered in Seoul, South Korea, the firm manages $53 billion in assets globally, of which nearly $30 billion is invested in emerging market equities (as of December 31, 2010). Mirae Asset Global Investments (USA) is focused on providing emerging market equity investment advisory services to mutual funds, foreign investment trusts and institutions. www.miraeasset.com