RS INVESTMENTS ANNOUNCES NEW LEADERSHIP TO DRIVE EMERGING MARKETS STRATEGY

San Francisco, March 4, 2013 - RS Investments ("RS"), a San Francisco-based investment management firm, today announced that Michael Reynal, a 20-year veteran emerging markets portfolio manager, has assumed management of the RS Emerging Markets Fund and the RS Greater China Fund. Mr. Reynal and the team are located in key financial centers, including the U.S., London, Hong Kong and Singapore.

"We're excited because RS provides us with the support and flexibility necessary to be agile in today's market," said Mr. Reynal. "Our process combines fundamental research, analytical tools and a boots-on-the-ground approach that we believe will drive strong value for investors." Mr. Reynal and his 11-member team, who joined RS Investments in November 2012, leverage proprietary models—built in-house—to support their disciplined approach to stock selection.

"Capacity can be hard to find in this key asset class," said Phil Eichinger, head of retail sales at RS Investments. "With an experienced team at the helm, we are able to help our financial advisors and their clients realize their investment goals in this growth space."

Tom Neukranz, head of institutional sales at RS Investments added, "For institutional investors, one of the most appealing attributes of their process is the controls they have in place for market and country risk, which make stock selection the key to portfolio performance."

"We have worked diligently over the last year to enhance our capabilities to fit our clients' evolving investment needs and the new emerging markets team allows us to further strengthen our core strategy," said Matthew Scanlan, CEO of RS Investments. "We look forward to leveraging the team's expertise and knowledge across the company as we continue to reinforce our investment solutions."

Previously, Mr. Reynal was a portfolio manager for Principal Global Investors, where he led the emerging markets team. He has spent his career focusing on international equity investments at Wafra Investment Advisory Group, Inc., Paribas Capital Markets and Barclays de Zoete Wedd in London.

About RS Investments

RS Investments offers investment management solutions for institutional and individual investors and the advisors who serve them. The firm's specialized investment platform supports distinct investment teams, each utilizing disciplined and repeatable investment processes to deliver research-driven value, growth, and core strategies in U.S. and global equity markets, as well as strategies in global natural resources and fixed income. As of March 2013, RS Investments managed approximately $25 billion on behalf of its clients. The firm was founded in 1986 and is headquartered in San Francisco.

As with all mutual funds, the value of an investment in the Fund could decline, so you could lose money. International investing involves special risks, which include changes in currency rates, foreign taxation and differences in auditing standards and securities regulations, political uncertainty and greater volatility. The value of a debt security is affected by changes in interest rates and is subject to any credit risk of the issuer or guarantor of the security. These risks are even greater when investing in emerging markets.

RS Investments Media Contacts:

Kim Sampson (FTI Strategic Communications)
Phone: 415-293-4411
Email: kim.sampson@fticonsulting.com

Raina Gajjar (FTI Strategic Communications)
Phone: 646-576-8101
Email: raina.gajjar@fticonsulting.com