-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MWrYhAEuxCCtKOHwyNxRNo7VbHE2ixElon9rOnkfLOG5RBlijVoSGeiCkdv4Hvp5 AAE2TrjoelkA+OHsE8nGeg== 0000897101-07-000547.txt : 20070308 0000897101-07-000547.hdr.sgml : 20070308 20070308105318 ACCESSION NUMBER: 0000897101-07-000547 CONFORMED SUBMISSION TYPE: N-PX/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060630 FILED AS OF DATE: 20070308 DATE AS OF CHANGE: 20070308 EFFECTIVENESS DATE: 20070308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIT MUTUAL FUNDS INC CENTRAL INDEX KEY: 0000877880 IRS NUMBER: 000000000 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-PX/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-06373 FILM NUMBER: 07679713 BUSINESS ADDRESS: STREET 1: 3300 IDS CTR, 80 SOUTH 8TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4130 BUSINESS PHONE: 612-332-3223 MAIL ADDRESS: STREET 1: 3300 IDS CTR, 80 SOUTH 8TH ST CITY: MINNEAPOLIS STATE: MN ZIP: 55402-4130 FORMER COMPANY: FORMER CONFORMED NAME: SIT NEW BEGINNING MUTUAL FUNDS INC DATE OF NAME CHANGE: 19920929 0000877880 S000003463 Sit Developing Markets Growth Fund C000009597 Sit Developing Markets Growth Fund SDMGX N-PX/A 1 sit-dmg071022_npxa.txt AMENDMENT NO. 1 TO FORM N-PX YEAR END 6-30-2006 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-PX/A ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act number 811-06373 --------------------------------------------------- Sit Developing Markets Growth Fund, a series of Sit Mutual Funds, Inc. - -------------------------------------------------------------------------------- (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER) 3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402 - -------------------------------------------------------------------------------- (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) Kelly K . Boston, Staff Attorney - -------------------------------------------------------------------------------- 3300 IDS Center, 80 S. 8th Street, Minneapolis, MN 55402 - -------------------------------------------------------------------------------- (NAME AND ADDRESS OF AGENT FOR SERVICE) Registrant's telephone number, including area code: 612-332-3223 Date of fiscal year end: June 30, 2006 ------------------------------------- Date of reporting period: July 1, 2005 - June 30, 2006 ------------------------------------ PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Advanced Info Y0014U183 4/24/2006 1 Open Meeting Mgmt For For Service PCL 2 Approve Minutes of Previous AGM Mgmt For For 3 Accept 2005 Operation Results Mgmt For For 4 Accept Financial Statements and Statutory Reports Mgmt For For 5 Approve Allocation of Income and Payment of Final Dividend of Baht 3.3 Per Share Mgmt For For 6 Approve Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 7 Reelect Boonklee Plangsiri as Director Mgmt For For 8 Approve Remuneration of Directors Mgmt For For 9 Approve Issuance of 10.14 Million Warrants to Directors and Employees of the Company Under the Employee Stock Option Plan Grant V (ESOP Grant V) Mgmt For For 10 Approve Allocation of 10.14 Million New Ordinary Shares Pursuant to the ESOP Grant V Mgmt For For 11 Approve Issuance of 5.31 percent of the Total Warrants to Somprasong Boonyachai Under the ESOP Grant V Mgmt For For 12 Approve Allocation of 615,800 Additional Ordinary Shares Pursuant to the Employee Stock Option Plan Grant 1, 2, 3, and 4 Mgmt For For 13 Other Business Mgmt For Against - -------------------------------------------------------------------------------------------------------------------------------- AES Tiete P4991B101 3/21/2006 1 Accept Financial Statements and SA(formerly Statutory Reports and Approve Companhia de Allocation of Income Mgmt For For Geracao de 2 Approve Aggregate Annual Remuneration Energia Tiete) of Directors Mgmt For For 3 Elect Employee Representative and Alternate to the Board Mgmt For For 4 Elect Directors Mgmt For For 5 Elect Supervisory Board Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Amdocs Limited DOX G02602103 1/19/2006 1.1 Elect Director Bruce K. Anderson Mgmt For For 1.2 Elect Director Adrian Gardner Mgmt For For 1.3 Elect Director Charles E. Foster Mgmt For For 1.4 Elect Director James S. Kahan Mgmt For For 1.5 Elect Director Dov Baharav Mgmt For For 1.6 Elect Director Julian A. Brodsky Mgmt For For 1.7 Elect Director Eli Gelman Mgmt For For 1.8 Elect Director Nehemia Lemelbaum Mgmt For For 1.9 Elect Director John T. Mclennan Mgmt For For 1.10 Elect Director Robert A. Minicucci Mgmt For For 1.11 Elect Director Simon Olswang Mgmt For For 1.12 Elect Director Mario Segal Mgmt For For 2 APPROVAL OF AMENDMENT OF THE 1998 STOCK OPTION AND INCENTIVE PLAN TO INCREASE THE NUMBER OF SHARES AUTHORIZED FOR ISSUANCE THEREUNDER, TO CONTINUE THE TERM OF THE PLAN FOR AN ADDITIONAL 10-YEAR TERM AND TO MAKE OTHER CHANGES AS DESCRIBED IN THE ACCOMPANY Mgmt For For 3 APPROVAL OF SPECIAL RESOLUTION TO PERMIT DIRECT REPURCHASE BY THE COMPANY OF UNVESTED SHARES OF RESTRICTED STOCK GRANTED UNDER THE 1998 STOCK OPTION AND INCENTIVE PLAN UPON TERMINATION OF EMPLOYMENT OR SERVICE. Mgmt For For 4 APPROVAL OF CONSOLIDATED FINANCIAL STATEMENTS FOR FISCAL YEAR 2005. Mgmt For For 5 RATIFICATION AND APPROVAL OF ERNST & YOUNG LLP AND AUTHORIZATION OF AUDIT COMMITTEE OF BOARD TO FIX REMUNERATION. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -1-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Anglo American G03764100 4/25/2006 1 Accept Financial Statements and PLC (formerly Statutory Reports Mgmt For For Anglo Ame. Corp. 2 Approve Final Dividend of USD 0.95 Per of S. Africa L Ordinary Share Mgmt For For 3 Elect Peter Woicke as Director Mgmt For For 4 Elect Mamphela Ramphele as Director Mgmt For For 5 Re-elect David Challen as Director Mgmt For For 6 Re-elect Fred Phaswana as Director Mgmt For For 7 Re-elect Sir Mark Moody-Stuart as Director Mgmt For For 8 Reappoint Deloitte & Touche LLP as Auditors of the Company Mgmt For For 9 Authorize Board to Fix Remuneration of Auditors Mgmt For For 10 Approve Remuneration Report Mgmt For For 11 Authorise Issue of Equity or Equity-Linked Securities with Pre-emptive Rights up to Aggregate Nominal Amount of USD 248,750,000 Mgmt For For 12 Authorise Issue of Equity or Equity-Linked Securities without Pre-emptive Rights up to Aggregate Nominal Amount of USD 37,250,000 Mgmt For For 13 Authorise 149,000,000 Ordinary Shares for Market Purchase Mgmt For For 14 Amend Articles of Association Re: Board Composition Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- ASTRO ALL ASIA G0594A110 7/20/2005 1 Accept Financial Statements and NETWORKS PLC Statutory Reports Mgmt For For 2 Approve Final Dividend of 2.5 Sen Per Share Mgmt For For 3 Re-elect Dato' Haji Badri Bin Haji Masri as Director Mgmt For For 4 Re-elect Tan Poh Ching as Director Mgmt For For 5 Reappoint PricewaterhouseCoopers LLP as Auditors and Authorise the Board to Determine Their Remuneration Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- ASTRO ALL ASIA G0594A110 7/20/2005 1 Approve Recurrent Related Party NETWORKS PLC Transactions of a Revenue or Trading Nature with UTSB Management Sdn Bhd, SRG Asia Pacific Sdn Bhd, Bonuskad Loyalty Sn Bhd and Light Style Sdn Bhd Mgmt For For 2 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with Maxis Communications Berhad, Maxis Mobile Sdn Bhd, Maxis Broadband Sdn Bhd and Malaysian Mobile Services Sdn Bhd Mgmt For For 3 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with Pan Malaysian Pools Sdn Bhd and TGV Cinemas Sdn Bhd Mgmt For For 4 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with Valuelabs Mgmt For For 5 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with MEASAT Satellite Systems Sdn Bhd Mgmt For For 6 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with Malaysian Airline System Berhad, VADS Berhad and Celcom (Malaysia) Berhad Mgmt For For 7 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with PT Direct Vision Mgmt For For 8 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with PT Broadband Multimedia Tbk, PT Multipolar Corporation TBk and/or Affiliates Mgmt For For 9 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with Goal TV International (Mauritius) Ltd Mgmt For For 10 Approve Recurrent Related Party Transactions of a Revenue or Trading Nature with Yes Television (Hong Kong) Limited Mgmt For For 11 Approve Cancellation of the Amount Standing to the Credit of the Share Premium Account Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -2-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Asustek Computer Y04327105 12/6/2005 1 Approve Swap of Shares with Askey Inc. Computer Company Mgmt For For 2 Approve Issuance of Shares for the Share Swap Mgmt For For 3 Amend Articles of Association Mgmt For For 4 Elect Yang Longhui with ID number N103321517 as Supervisor Mgmt For For 5 Other Business Mgmt None Against - -------------------------------------------------------------------------------------------------------------------------------- Asustek Computer Y04327105 6/13/2006 1 Accept Financial Statements and Inc. Statutory Reports Mgmt For For 2 Approve Allocation of Income and Dividends Mgmt For For 3 Approve Capitalization of 2005 Dividends and Employee Profit Sharing Mgmt For For 4 Amend Articles of Association Mgmt For Against 5 Amend Operating Procedures for Loan of Funds to Other Parties, Endorsement and Guarantee Mgmt For For 6 Approve Increase of Registered Capital and Issuance of Ordinary Shares to Participate in the Issuance of Global Depository Receipt or Domestic Rights Issue Mgmt For For 7 Approve Investment in People's Republic of China Mgmt For For 8 Other Business Mgmt For Against - -------------------------------------------------------------------------------------------------------------------------------- Banco Bradesco P1808G117 3/27/2006 1 Accept Financial Statements and S.A. Statutory Reports and Approve Allocation of Income Mgmt For For 2 Elect Directors Mgmt For For 3 Elect Supervisory Board Members Mgmt For For 4 Approve Aggregate Annual Remuneration of Directors Mgmt For For 5 Cancel Company Treasury Shares and Transfrom the Ethics Committee into a Statutory Body Mgmt For For 6 Amend Articles Re: Modifications in the Previous Item Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Bangkok Bank Y0606R119 4/12/2006 1 Approve Minutes of Previous AGM Mgmt For For Public Co. Ltd 2 Accept 2005 Operating Results Mgmt For For 3 Accept Audit Committee Report Mgmt For For 4 Accept Financial Statements and Statutory Reports Mgmt For For 5 Approve Allocation of Income and Payment of Dividend Mgmt For For 6 Elect Staporn Kavitanon, Kosit Panpiemras, Chartsiri Sophonpanich, Deja Tulananda, M.C. Mongkolchaleam Yugala, and Charn Sophonpanich as Directors Mgmt For For 7 Approve Remuneration of Directors Mgmt For For 8 Approve Deloitte Touche Tohmatsu Jaiyos as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 9 Amend Clause 4 of the Memorandum of Association to Conform with the Conversion of Preferred Shares of the Company Mgmt For For 10 Other Business Mgmt For Against - -------------------------------------------------------------------------------------------------------------------------------- -3-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- BHP Billiton BHP 88606108 11/25/2005 1 TO RECEIVE THE FINANCIAL STATEMENTS AND Limited REPORTS OF BHP BILLITON PLC. Mgmt For For (Formerly BHP 2 TO RECEIVE THE FINANCIAL STATEMENTS AND Ltd.) REPORTS OF BHP BILLITON LIMITED. Mgmt For For 3.1 Elect Director Mr C A S Cordeiro Mgmt For For 3.2 Elect Director Mr C A S Cordeiro Mgmt For For 3.3 Elect Director Hon. E G De Planque Mgmt For For 3.4 Elect Director Hon. E G De Planque Mgmt For For 3.5 Elect Director Mr D A Crawford Mgmt For For 3.6 Elect Director Mr D A Crawford Mgmt For For 3.7 Elect Director Dr D A L Jenkins Mgmt For For 3.8 Elect Director Dr D A L Jenkins Mgmt For For 3.9 Elect Director Mr M Salamon Mgmt For For 3.10 Elect Director Mr M Salamon Mgmt For For 4 Ratify Auditors Mgmt For For 5 TO RENEW THE GENERAL AUTHORITY TO ALLOT SHARES IN BHP BILLITON PLC. Mgmt For For 6 TO RENEW THE DISAPPLICATION OF PRE-EMPTION RIGHTS IN BHP BILLITON PLC. Mgmt For For 7 TO APPROVE THE RE-PURCHASE OF SHARES IN BHP BILLITON PLC. Mgmt For For 8 TO APPROVE THE REMUNERATION REPORT. Mgmt For For 9 TO APPROVE THE GRANT OF AWARDS OF MR C W GOODYEAR UNDER THE GIS AND THE LTIP. Mgmt For For 10 TO APPROVE THE GRANT OF AWARDS TO MR M SALAMON UNDER THE GIS AND THE LTIP. Mgmt For For 11 TO APPROVE THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION OF BHP BILLITON PLC. Mgmt For For 12 TO APPROVE THE AMENDMENTS TO THE CONSTITUTION OF BHP BILLITON LIMITED. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- CATHAY FINANCIAL Y11654103 6/9/2006 1 Accept 2005 Operating Results and HOLDING COMPANY Financial Statements Mgmt For For 2 Approve Allocation of Income and Dividends Mgmt For For 3 Approve Capitalization of 2005 Dividends and Employee Profit Sharing Mgmt For For 4 Amend Articles of Association Mgmt For For 5 Amend Election Rules of Directors and Supervisors Mgmt For Against 6 Amend Procedures Governing the Acquisition or Disposal of Assets Mgmt For Against 7 Approve Acquisition Through Share Swap Agreement Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Cemex 151290889 4/27/2006 1 PROPOSAL TO SPLIT EACH OF THE COMPANY'S S.A. ORDINARY COMMON SHARES SERIES "A" AND SERIES "B" SHARES AND AMEND ARTICLE 6 OF THE COMPANY'S BY-LAWS. Mgmt For For 2 PROPOSAL TO CHANGE THE COMPANY'S BY-LAWS. Mgmt For For 3 APPOINTMENT OF DELEGATES TO FORMALIZE THE RESOLUTIONS ADOPTED AT THE MEETING AND THE CHANGES IN THE COMPANY'S BY-LAWS OR ESTATUTOS SOCIALES, IF APPLICABLE. Mgmt For For 4 APPROVAL OF THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2005. Mgmt For For 5 ALLOCATION OF PROFITS AND THE MAXIMUM AMOUNT OF FUNDS TO BE USED FOR THE PURCHASE OF COMPANY SHARES. Mgmt For For 6 PROPOSAL TO INCREASE THE CAPITAL STOCK OF THE COMPANY IN ITS VARIABLE PORTION. Mgmt For For 7 APPOINTMENT OF DIRECTORS AND STATUTORY AUDITORS, AND PRESIDENT OF THE AUDIT COMMITTEE AND SOCIETAL PRACTICES. Mgmt For For 8 COMPENSATION OF DIRECTORS, STATUTORY AUDITORS AND AUDIT AND SOCIETAL PRACTICES COMMITTEE. Mgmt For For 9 APPOINTMENT OF DELEGATES TO FORMALIZE THE RESOLUTIONS ADOPTED AT THE MEETING. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -4-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Central European CEDC 153435102 5/1/2006 1.1 Elect Director William V. Carey Mgmt For For Distribution 1.2 Elect Director David Bailey Mgmt For For Corporation 1.3 Elect Director N. Scott Fine Mgmt For For 1.4 Elect Director Tony Housh Mgmt For For 1.5 Elect Director Robert P. Koch Mgmt For For 1.6 Elect Director Jan W. Laskowski Mgmt For For 1.7 Elect Director D. Heriard Dubreuil Mgmt For For 1.8 Elect Director Markus Sieger Mgmt For For 2 Ratify Auditors Mgmt For For 3 Increase Authorized Common Stock Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Central European CETV G20045202 6/7/2006 1.1 Elect Director Ronald S. Lauder Mgmt For For Media 1.2 Elect Director Charles R. Frank, Jr. Mgmt For For Enterprises Ltd 1.3 Elect Director Michael Garin Mgmt For For 1.4 Elect Director Herbert A. Granath Mgmt For For 1.5 Elect Director Herbert Kloiber Mgmt For For 1.6 Elect Director Alfred W. Langer Mgmt For For 1.7 Elect Director Bruce Maggin Mgmt For For 1.8 Elect Director Ann Mather Mgmt For For 1.9 Elect Director Eric Zinterhofer Mgmt For For 2 THE ADOPTION OF THE FINANCIAL STATEMENTS OF THE COMPANY AND THE AUDITORS REPORT THEREON FOR THE COMPANY'S FISCAL YEAR ENDED DECEMBER 31, 2005. Mgmt For For 3 THE APPOINTMENT OF DELOITTE & TOUCHE LLP AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM OF THE COMPANY IN RESPECT OF THE FISCAL YEAR ENDING DECEMBER 31, 2006 AND THE AUTHORIZATION OF THE BOARD OF DIRECTORS, ACTING THROUGH THE AUDIT COMMITTEE, TO AP Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Cez A.S. X2337V121 5/23/2006 1 Open Meeting; Elect Chairman and Other Meeting Officials Mgmt For For 2 Receive Financial Statements and Statutory Reports Mgmt None None 3 Receive Supervisory Board Report Mgmt None None 4 Approve Financial Statements and Statutory Reports; Approve Consolidated Financial Statements and Statutory Reports Mgmt For For 5 Approve Allocation of Income Mgmt For For 6 Approve Sale of Teplarny Dvur Kralove Mgmt For For 7 Amend Articles of Association Mgmt For Against 8 Decide on Volume of Company's Sponsorship Funds Mgmt For Against 9 Authorize Share Repurchase Program Mgmt For For 10 Elect Supervisory Board Mgmt For For 11 Approve Election of Co-opted Supervisory Board Members Mgmt For For 12 Approve Agreement on Performance of Supervisory Board Members Mgmt For Against 13 Close Meeting Mgmt None None - -------------------------------------------------------------------------------------------------------------------------------- Cheil Y1296G108 2/28/2006 1 Approve Appropriation of Income and Communications Dividends of KRW 5000 Per Share Mgmt For For Inc. 2 Elect Director Mgmt For For 3 Appoint Auditor Mgmt For For 4 Approve Limit on Remuneration of Directors Mgmt For For 5 Approve Limit on Remuneration of Auditors Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- CHINA OILFIELD Y15002101 10/26/2005 1 Approve Special Interim Dividend for SERVICES LTD 2005 Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -5-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- CHINA OILFIELD Y15002101 1/12/2006 1 Approve Issuance of a Short-Term SERVICES LTD Debenture in an Aggregate Principal Amount Not Exceeding RMB 2.0 Billion Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- CHINA OILFIELD Y15002101 5/25/2006 1 Accept Financial Statements and SERVICES LTD Statutory Reports Mgmt For For 2 Approve Annual Dividend Mgmt For For 3 Approve Budget for Fiscal Year 2006 Mgmt For For 4 Accept Report of the Board of Directors and Corporate Governance Report Mgmt For For 5 Accept Report of the Supervisory Committee Mgmt For For 6 Elect Li Yong as Director and Reelect Zhang Dunjie as Independent Supervisor Mgmt For Against 7 Approve Remuneration of Independent Non-Executive Directors and Independent Supervisor Mgmt For For 8 Reappoint Ernst & Young Hua Ming and Ernst & Young as Domestic and International Auditors and Authorize Board to Fix Their Remuneration Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Companhia Vale 204412209 3/31/2006 1 TO APPROVE THE TERMS, CONDITIONS AND Do Rio Doce REASONS (THE PROTOCOLO E JUSTIFICACAO) FOR THE MERGER OF ALL THE SHARES OF THE CAPITAL STOCK OF CAEMI - MINERACAO E METALURGIA S.A. (CAEMI)) INTO THE ASSETS OF CVRD IN ORDER TO CONVERT THE FORMER INTO A WHOLLY-OWNED Mgmt For For 2 TO RATIFY THE APPOINTMENT OF THE EXPERTS WHO PREPARED THE VALUE APPRAISAL OF THE PREFERRED SHARES ISSUED BY CAEMI TO BE MERGED INTO CVRD ASSETS. Mgmt For For 3 TO DECIDE ON THE APPRAISAL REPORT, PREPARED BY THE EXPERTS. Mgmt For For 4 TO APPROVE THE MERGER OF ALL OF THE SHARES ISSUED BY CAEMI INTO THE ASSETS OF THE CVRD. Mgmt For For 5 TO APPROVE CVRD CAPITAL INCREASE WITHIN THE ISSUANCE OF 64,151,361 PREFERRED CLASS A SHARES, TO BE PAID-IN WITH THE SHARES OF CAEMI TO BE MERGED INTO THE COMPANY'S ASSETS, AND THE CONSEQUENT CHANGE OF THE CAPUT OF ARTICLE 5 OF THE CVRD'S BY-LAWS. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Companhia Vale 204412209 4/27/2006 1 APPRECIATION OF THE MANAGEMENTS REPORT Do Rio Doce AND ANALYSIS, DISCUSSION AND VOTE ON THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDING DECEMBER 31, 2005 Mgmt For For 2 PROPOSAL FOR THE DESTINATION OF PROFITS OF THE SAID FISCAL YEAR AND APPROVAL OF THE INVESTMENT BUDGET FOR THE COMPANY, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT Mgmt For For 3 APPOINTMENT OF THE MEMBERS OF THE FISCAL COUNCIL Mgmt For For 4 ESTABLISHMENT OF THE REMUNERATION OF THE SENIOR MANAGEMENT AND FISCAL COUNCIL MEMBERS Mgmt For For 5 PROPOSAL FOR A FORWARD SPLIT, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT Mgmt For For 6 PROPOSAL TO MODIFY THE COMPANY'S BY-LAWS, RELATED TO SECTION II AND SUBSECTION IV OF CHAPTER IV, IN RELATION TO THE ADVISORY COMMITTEES, IN THE FOLLOWING TERMS: A) CHANGE OF THE HEADING OF ARTICLE 15; B) AMENDMENT TO ARTICLE 16; C) ADD ITEM IV TO ARTICLE Mgmt For For 7 CONSOLIDATION OF THE AMENDMENTS TO CVRD'S BY-LAWS, ALL AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -6-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Embraer, Empresa 29081M102 3/31/2006 1 APPOINTMENT OF THE COMPANIES Brasileira de RESPONSIBLE FOR THE PREPARATION OF THE Aeronautica VALUATION REPORTS OF THE COMPANY AND OF RIO HAN TO WIT: I) VALUATION OF THE SHAREHOLDERS EQUITY VALUE; II) VALUATION BASED ON THE COMPANY'S AND RIO HAN'S RESPECTIVE SHAREHOLDERS EQUITY; Mgmt For For 2 APPROVAL OF THE VALUATION REPORTS PREPARED BY THE COMPANIES REFERRED TO IN ITEM 1 ABOVE. Mgmt For For 3 APPROVAL OF THE PROTOCOL AND JUSTIFICATION OF MERGER OF EMBRAER WITH AND INTO RIO HAN AND ALL EXHIBITS THERETO ( MERGER AGREEMENT ), WHICH WAS PREPARED AS SET FORTH IN ARTICLES 224 AND 225 OF LAW NO. 6,404/76 AND OF INSTRUCTION CVM NO. 319/99 AND WHICH C Mgmt For For 4 APPROVAL OF THE MERGER OF THE COMPANY WITH AND INTO RIO HAN, PURSUANT TO THE TERMS OF THE PROTOCOL AND OTHER RELATED DOCUMENTS. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Finansbank M4567H105 3/31/2006 1 Elect Presiding Council of Meeting Mgmt For For 2 Authorize Presiding Council to Sign Minutes of Meeting Mgmt For For 3 Accept Board and Statutory Reports and Approve Discharge of Directors and Internal Auditors Mgmt For For 4 Approve Allocation of Income Mgmt For For 5 Increase Authorized Capital from TRL 1 Billion to TRL 3 Billion, and Amend Articles No. 5, 7, and 18 Mgmt For For 6 Elect Internal Auditors and Determine Their Terms of Office Mgmt For For 7 Approve Remuneration of Directors and Internal Auditors Mgmt For For 8 Ratify Independent External Auditors Mgmt For For 9 Approve Donations Made in Financial Year 2005 Mgmt For Against 10 Grant Permission for Board Members to Engage in Commercial Transactions with Company and Be Involved with Companies with Similar Corporate Purpose Mgmt For For 11 Wishes Mgmt None None - -------------------------------------------------------------------------------------------------------------------------------- Hon Hai 438090201 6/14/2006 1 Accept Financial Statements and Precision Statutory Reports Mgmt For For Industry Co. 2 Approve Allocation of Income and Ltd. Dividends Mgmt For For 3 Approve Capitalization of 2005 Dividends and Employee Profit Sharing Mgmt For For 4 Approve Increase of Registered Capital and Issuance of Ordinary Shares to Participate in the Issuance of Global Depository Receipt or Domestic Rights Issue Mgmt For For 5 Amend Operating Procedures for Endorsement and Guarantee Mgmt For Against 6 Amend Operating Procedures for Loan of Funds to Other Parties Mgmt For Against 7 Amend Articles of Association Mgmt For Against 8 Other Business Mgmt None None - -------------------------------------------------------------------------------------------------------------------------------- Hon Hai Y36861105 6/14/2006 1 Accept Financial Statements and Precision Statutory Reports Mgmt For For Industry Co. 2 Approve Allocation of Income and Ltd. Dividends Mgmt For For 3 Approve Capitalization of 2005 Dividends and Employee Profit Sharing Mgmt For For 4 Approve Increase of Registered Capital and Issuance of Ordinary Shares to Participate in the Issuance of Global Depository Receipt or Domestic Rights Issue Mgmt For For 5 Amend Operating Procedures for Endorsement and Guarantee Mgmt For Against 6 Amend Operating Procedures for Loan of Funds to Other Parties Mgmt For Against 7 Amend Articles of Association Mgmt For Against 8 Other Business Mgmt None None - -------------------------------------------------------------------------------------------------------------------------------- -7-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Hongkong Land G4587L109 6/14/2006 1 Adopt Financial Statements and Holdings Auditors' Reports and Approve Final Ltd. Dividend Mgmt For For 2a Reelect R C Kwok as Director Mgmt For For 2b Reelect A J L Nightingale as Director Mgmt For Against 2c Reelect Percy Weatherall as Director Mgmt For For 3 Approve Directors' Fees Mgmt For For 4 Reappoint Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 5 Approve Issuance of Shares without Preemptive Rights Mgmt For For 6 Authorize Share Repurchase Program Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Industrial Bank 456036102 3/24/2006 1 APPROVAL OF BALANCE SHEET, INCOME of Korea STATEMENT AND APPROPRIATION OF RETAINED EARNINGS FOR THE 45TH FISCAL YEAR, AS SET FORTH IN THE BANK'S NOTICE OF MEETING ENCLOSED HEREWITH. Mgmt For For 2 APPROVAL OF AMENDMENT TO THE ARTICLES OF INCORPORATION, AS SET FORTH IN THE BANK'S NOTICE OF MEETING ENCLOSED HEREWITH. Mgmt For For 3 APPROVAL OF THE INCREASE OF REMUNERATION LIMIT OF EXECUTIVE OFFICERS, AS SET FORTH IN THE BANK S NOTICE OF MEETING ENCLOSED HEREWITH. Mgmt For For 4 APPROVAL OF THE INCREASE OF REMUNERATION LIMIT OF AUDITOR, AS SET FORTH IN THE BANK'S NOTICE OF MEETING ENCLOSED HEREWITH. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Infosys 456788108 6/10/2006 1 TO RECEIVE, CONSIDER AND ADOPT THE Technologies Ltd BALANCE SHEET AS AT MARCH 31, 2006 AND THE PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED ON THAT DATE AND THE REPORT OF THE DIRECTORS AND THE AUDITORS THEREON. Mgmt For For 2 TO DECLARE A FINAL DIVIDEND AND A SILVER JUBILEE SPECIAL DIVIDEND FOR THE FINANCIAL YEAR ENDED IN MARCH 31, 2006. Mgmt For For 3.1 Elect Director Dr. Omkar Goswami Mgmt For For 3.2 Elect Director Mr. Sridar A. Iyengar Mgmt For For 3.3 Elect Director Mr. Srinath Batni Mgmt For For 3.4 Elect Director Ms. Rama Bijapurkar Mgmt For For 3.5 Elect Director Mr. David L. Boyles Mgmt For For 3.6 Elect Director Mr. Jeffrey Lehman Mgmt For For 4 TO RESOLVE NOT TO FILL THE VACANCY, CAUSED BY THE RETIREMENT OF SEN. LARRY PRESSLER, WHO RETIRES BY ROTATION. Mgmt For For 5 Ratify Auditors Mgmt For For 6 TO APPROVE THE PAYMENT OF THE REVISED REMUNERATION TO MR. S.D. SHIBULAL, AS MORE FULLY DESCRIBED IN THE NOTICE OF MEETING. Mgmt For For 7 TO APPROVE THE PAYMENT OF THE REVISED REMUNERATION TO MR. T.V. MOHANDAS PAI AND MR. SRINATH BATNI, AS DESCRIBED IN THE NOTICE. Mgmt For For 8 TO AMEND THE CAPITAL CLAUSE IN THE MEMORANDUM OF ASSOCIATION TO INCREASE THE AUTHORIZED CAPITAL OF THE COMPANY. Mgmt For For 9 TO AMEND THE CAPITAL CLAUSE IN THE ARTICLES OF ASSOCIATION OF THE COMPANY TO INCREASE THE AUTHORIZED CAPITAL OF THE COMPANY. Mgmt For For 10 TO ISSUE BONUS SHARES/STOCK DIVIDEND. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- IS Finansal M57338101 3/20/2006 1 Elect Presiding Council of Meeting Mgmt For For Kiralma AS 2 Accept Financial Statements and (frmely Is Genel Statutory Reports for Fiscal 2005 Mgmt For For Finansal 3 Receive Financial Statements and Kiralama AS) Statutory Reports Mgmt None For 4 Approve Allocation of Income Mgmt For For 5 Approve Discharge of Board and Internal Auditors Mgmt For For 6 Fix Number of and Elect Directors Mgmt For For 7 Fix Number of and Elect Internal Auditors Mgmt For For 8 Approve Remuneration of Directors and Internal Auditors Mgmt For For 9 Ratify Independent External Auditors Mgmt For For 10 Approve Donations Made in Financial Year 2005 Mgmt For Against 11 Amend Articles Re: Capital, Articles of Association, Shares Mgmt For Against 12 Wishes Mgmt None None - -------------------------------------------------------------------------------------------------------------------------------- -8-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Kookmin Bank Y4822W100 3/24/2006 1 Approve Appropriation of Income and Dividend of KRW 550 Per Share Mgmt For For 2 Amend Articles of Incorporation to Require Shareholder Approval on Stock Option Issuances, to Require Minimum Five Independent Non-Executive Directors, to Set Terms of Directors, to Create Sub-Committee, and to Allow Quarterly Dividends Mgmt For For 3 Elect Directors Mgmt For For 4 Elect Members of Audit Committee Mgmt For For 5 Approve Previous Stock Option Grants Mgmt For For 6 Approve Stock Option Grants Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Kookmin Bank 50049M109 3/24/2006 1 APPROVAL OF NON-CONSOLIDATED FINANCIAL STATEMENTS (BALANCE SHEET, INCOME STATEMENTS, AND STATEMENTS OF APPROPRIATION OF RETAINED EARNINGS) FOR THE FISCAL YEAR 2005. Mgmt For For 2 AMENDMENT OF THE ARTICLES OF INCORPORATION Mgmt For For 3 APPOINTMENT OF DIRECTORS Mgmt For For 4 APPOINTMENT OF CANDIDATES FOR THE MEMBERS OF THE AUDIT COMMITTEE, WHO ARE NON-EXECUTIVE DIRECTORS Mgmt For For 5 APPROVAL OF PREVIOUSLY GRANTED STOCK OPTIONS Mgmt For For 6 GRANT OF STOCK OPTIONS Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- KS Energy Y498A2103 4/21/2006 1 Adopt Financial Statements and Services Limited Directors' and Auditors' Reports Mgmt For For (frmly KS Tech 2 Declare Final Dividend of SGD 0.02 Per Ltd) Share Mgmt For For 3 Declare Special Dividend of SGD 0.006 Per Share Mgmt For For 4 Approve Directors' Fees of SGD 155,000 Mgmt For For 5 Reelect Tan Fuh Gih as Director Mgmt For Against 6 Reelect Billy Lee Beng Cheng as Director Mgmt For Against 7 Reelect Lim Jit Poh as Director Mgmt For Against 8 Reelect Lim Ho Seng as Director Mgmt For Against 9 Reelect Sheikh Faisal F.J. Althani as Director Mgmt For Against 10 Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 11 Approve Issuance of Shares without Preemptive Rights Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- LIPMAN M6772H101 7/6/2005 1.1 Elect Director Jacob Perry Mgmt For For ELECTRONIC 1.2 Elect Director Meir Shamir Mgmt For For ENGINEERING LTD, 1.3 Elect Director Ishay Davidi Mgmt For For TEL AVIV 1.4 Elect Director Aharon Lipman Mgmt For For 1.5 Elect Director Rami Lipman Mgmt For For 1.6 Elect Director Mordechai Gorfung Mgmt For For 1.7 Elect Director Jonathan Kaplan Mgmt For For 1.8 Elect Director David Rubner Mgmt For For 2 Ratify Auditors Mgmt For For 3 TO APPROVE AN OPTION GRANT TO TWO NON-EMPLOYEE DIRECTORS AND TO APPROVE THE REMUNERATION OF ONE OF THESE DIRECTORS. Mgmt For For 4 INCREASE THE NUMBER OF OPTIONS AVAILABLE FOR GRANT UNDER THE COMPANY'S 2004 SHARE OPTION PLAN BY 150,000. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- LIPMAN M6772H101 3/27/2006 1.1 Elect Director Jacob Perry Mgmt For For ELECTRONIC 1.2 Elect Director Meir Shamir Mgmt For For ENGINEERING LTD, 1.3 Elect Director Ishay Davidi Mgmt For For TEL AVIV 1.4 Elect Director Aharon Lipman Mgmt For For 1.5 Elect Director Rami Lipman Mgmt For For 1.6 Elect Director Mordechai Gorfung Mgmt For For 1.7 Elect Director Jonathan Kaplan Mgmt For For 1.8 Elect Director David Rubner Mgmt For For 2 TO ELECT LINDA HARNEVO AND IZHAK DAVIDI AS OUTSIDE DIRECTORS TO SERVE FOR A PERIOD OF THREE YEARS COMMENCING AT THE END OF THEIR PRESENT TERM ON APRIL 1, 2006. Mgmt For For 3 Ratify Auditors Mgmt For For 4 TO APPROVE AN AMENDMENT TO THE MANAGEMENT SERVICES AGREEMENT WITH PERRY JACOB MANAGEMENT SERVICES LIMITED, A COMPANY CONTROLLED BY JACOB PERRY. Mgmt For For 5 TO APPROVE THE COMPANY'S 2006 SHARE INCENTIVE PLAN. Mgmt For Against - -------------------------------------------------------------------------------------------------------------------------------- -9-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Lukoil Oao 677862104 6/28/2006 1 TO APPROVE THE ANNUAL REPORT OF OAO LUKOIL FOR 2005, AND THE DISTRIBUTION OF PROFITS: THE NET PROFIT FOR DISTRIBUTION FOR 2005 WAS EQUAL TO 66,326,909,000 ROUBLES. TO DISTRIBUTE 28,068,587,000 ROUBLES TO THE PAYMENT OF DIVIDEND FOR 2005. THE REST OF TH Mgmt None For 2 ELECTION OF THE BOARD OF DIRECTORS - (Cumulative Voting Applies to Directors.) Mgmt None Abstain 3 Elect Vagit Yusufovich Alekperov as President of OAO Lukoil Mgmt None For 4 TO ELECT THE AUDIT COMMISSION FROM THE LIST OF CANDIDATES APPROVED BY THE BOARD OF DIRECTORS OF OAO LUKOIL ON 4 FEBRUARY 2006: KONDRATIEV, PAVEL GENNADIEVICH Mgmt None For 5 TO ELECT THE AUDIT COMMISSION FROM THE LIST OF CANDIDATES APPROVED BY THE BOARD OF DIRECTORS OF OAO LUKOIL ON 4 FEBRUARY 2006: NIKITENKO, VLADIMIR NIKOLAEVICH Mgmt None For 6 TO ELECT THE AUDIT COMMISSION FROM THE LIST OF CANDIDATES APPROVED BY THE BOARD OF DIRECTORS OF OAO LUKOIL ON 4 FEBRUARY 2006: SKLYAROVA, TATYANA SERGEEVNA Mgmt None For 7 TO RECOGNIZE AS ADVISABLE THE RETENTION OF THE AMOUNTS OF REMUNERATION OF MEMBERS OF THE BOARD OF DIRECTORS AND THE AUDIT COMMISSION OF OAO LUKOIL ESTABLISHED BY DECISION OF THE ANNUAL GENERAL SHAREHOLDERS MEETING OF OAO LUKOIL OF 24 JUNE 2004 Mgmt None For 8 TO APPROVE THE COMPANY'S INDEPENDENT AUDITOR CLOSED JOINT STOCK COMPANY KPMG. Mgmt None For 9 TO APPROVE AMENDMENTS AND ADDENDA TO THE CHARTER OF OPEN JOINT STOCK COMPANY OIL COMPANY LUKOIL, PURSUANT TO APPENDIX 1. Mgmt None For 10 TO APPROVE AN ADDENDUM TO THE REGULATIONS ON THE BOARD OF DIRECTORS OF OAO LUKOIL, PURSUANT TO APPENDIX 2. Mgmt None For 11 TO APPROVE AMENDMENTS AND ADDENDA TO THE REGULATIONS ON THE AUDIT COMMISSION OF OAO LUKOIL, PURSUANT TO APPENDIX 3. Mgmt None For 12 TO APPROVE OIL SUPPLY CONTRACT BETWEEN OAO LUKOIL AND OOO LUKOIL VOLGOGRADNEFTEPERERABOTKA. Mgmt None For 13 TO APPROVE SUPPLY CONTACT BETWEEN OAO LUKOIL AND OOO LUKOIL VOLGOGRADNEFTEPERERABOTKA. Mgmt None For 14 TO APPROVE SUPPLEMENTAL AGREEMENT TO SHAREHOLDER LOAN AGREEMENT NO. 0510225 OF 29 MARCH 2005 BETWEEN OAO LUKOIL AND OOO NARYANMARNEFTEGAZ. Mgmt None For 15 TO APPROVE SUPPLEMENTAL AGREEMENT TO SHAREHOLDER LOAN AGREEMENT NO. 0610114 OF 3 MARCH 2005 BETWEEN OAO LUKOIL AND OOO NARYANMARNEFTEGAZ. Mgmt None For 16 TO APPROVE LOAN AGREEMENT BETWEEN OAO LUKOIL AND OOO NARYANMARNEFTEGAZ. Mgmt None For 17 TO APPROVE LOAN AGREEMENT BETWEEN OAO LUKOIL AND OOO NARYANMARNEFTEGAZ. Mgmt None For 18 TO APPROVE POLICY (CONTRACT) ON INSURING THE LIABILITY OF DIRECTORS, OFFICERS AND CORPORATIONS BETWEEN OAO LUKOIL AND OAO KAPITAL STRAKHOVANIE. Mgmt None For - -------------------------------------------------------------------------------------------------------------------------------- -10-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- MANILA WATER Y56999108 4/3/2006 1 Determination of Quorum Mgmt None None COMPANY INC 2 Approve Minutes of Previous Shareholder Meeting Mgmt For For 3 Notation of Manila Water's 2005 Annual Report and Approval of Its Audited Financial Statements as of Dec. 31, 2005 Mgmt For For 4 Ratify Acts and Resolutions During the Past Year of the Board of Directors, Executive Commitee, Management Committees and Officers of Manila Water Mgmt For For 5 Elect Directors Mgmt For For 6 Appoint Auditors Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- MediaTek Y5945U103 6/21/2006 1 Accept Operating Results and Financial Inc. Statements Mgmt For For 2 Approve Allocation of Income and Dividends Mgmt For For 3 Approve Capitalization of 2005 Dividends and Employee Profit Sharing Mgmt For For 4 Amend Articles of Association Mgmt For For 5 Amend Procedures Governing the Acquisition or Disposal of Assets Mgmt For For 6.1 Elect Ming-Kai Tsai as Director with Shareholder No.1 Mgmt For Against 6.2 Elect Jyh-Jer Cho as Director with Shareholder No. 2 Mgmt For Against 6.3 Elect Qing-Jiang Xie as Director with Shareholder No. 11 Mgmt For Against 6.4 Elect a Representative of National Taiwan University as Director with Shareholder No. 23053 Mgmt For For 6.5 Elect a Representative of National Chiao University as Director with Shareholder No. 23286 Mgmt For For 6.6 Elect a Representative of National Chinghwa University as Supervisor with Shareholder No. 48657 Mgmt For For 6.7 Elect a Representative of National Cheng Kung University as Supervisor with Shareholder No. 76347 Mgmt For Against 6.8 Elect a Representative of Flyway Investment Ltd. as Supervisor with Shareholder No. 2471 Mgmt For Against 7 Approve Release of Restrictions of Competitive Activities of Directors Mgmt For For 8 Other Business Mgmt None None - -------------------------------------------------------------------------------------------------------------------------------- National Bank of 633643408 12/29/2005 1 RESOLUTION ON THE MERGER THROUGH THE Greece ABSORPTION OF NATIONAL REAL ESTATE S.A. BY NATIONAL BANK OF GREECE S.A., MORE SPECIFICALLY APPROVAL OF: (A) THE RELEVANT DRAFT MERGER AGREEMENT DATED 13.10.2005, (B) THE INDIVIDUAL AND THE COMBINED PRO-FORMA TRANSFORM Mgmt For For 2 CANCELLATION, PURSUANT TO COMPANIES ACT 2190/1920, ARTICLE 75, PARAGRAPH 4, OF THE ABSORBED NATIONAL REAL ESTATE S.A.'S SHARES OWNED BY THE ABSORBING NATIONAL BANK OF GREECE. Mgmt For For 3 INCREASE IN THE SHARE CAPITAL OF NATIONAL BANK OF GREECE. Mgmt For For 4 AMENDMENT OF ARTICLES 3, 4, 39, 22 AND 23 OF ARTICLES OF ASSOCIATION AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT. Mgmt For Against 5 APPROVAL OF THE BOD ACTS REGARDING THE SAID MERGER AND IRREVOCABLE AUTHORIZATION TO THE BOD FOR SETTLEMENT OF FRACTIONAL RIGHTS, AS MORE DESCRIBED IN THE PROXY STATEMENT. Mgmt For For 6 APPOINTMENT OF BANK REPRESENTATIVES TO EXECUTE THE NOTARIAL CONTRACT OF THE MERGER THROUGH THE ABSORPTION OF NATIONAL REAL ESTATES S.A., AS MORE FULLY DESCRIBED IN THE PROXY STATEMENT. Mgmt For For 7 ISSUE OF BOND LOANS UP TO EURO 6,000,000,000. Mgmt For For 8 Other Business Mgmt None Against - -------------------------------------------------------------------------------------------------------------------------------- -11-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- NII Holdings, NIHD 62913F201 4/26/2006 1.1 Elect Director Carolyn Katz Mgmt For For Inc. 1.2 Elect Director Donald E. Morgan Mgmt For For 1.3 Elect Director George A. Cope Mgmt For For 2 Increase Authorized Common Stock Mgmt For For 3 Ratify Auditors Mgmt For For 4 Adjourn Meeting Mgmt For Against - -------------------------------------------------------------------------------------------------------------------------------- OTP Bank RT X60746116 4/28/2006 1 Accept Board of Directors Report on Company's 2005 Business Operations; Approve Financial Statements (Non-consolidated and Consolidated); Approve Allocation of Income Mgmt For For 2 Accept Supervisory Board Report Mgmt For For 3 Accept Auditor Report Mgmt For For 4 Accept Board of Directors Report on Company's Business Policy in 2006 Mgmt For For 5 Approve Auditor and Fix Their Remuneration Mgmt For For 6 Elect Board of Directors Mgmt For For 7 Approve Remuneration of Board of Directors and Supervisory Board Mgmt For For 8 Approve Incentive Program for Management for Years 2006 to 2010 Mgmt For Against 9 Amend Articles of Association Mgmt For Against 10 Authorize Share Repurchase Program Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Petrochina Y6883Q104 8/16/2005 1 Approve Acquisition of a Total of 50 Company Limited Percent Interest in the Enlarged Registered Capital of Zhong You Kan Tan Kai Fa Co. Ltd. (Newco) By Way of Capital Contribution to Newco in an Aggregate Amount of RMB 20.7 Billion Mgmt For For 2 Approve Transfer by the Company of the Entire Issued Capital of PetroChina International Ltd. to Newco at a Cash Consideration of RMB 579.4 Million Mgmt For For 3a Approve Supplemental Comprehensive Agreement and Continuing Connected Transactions Mgmt For For 3b Approve Annual Limits of Continuing Connected Transactions Mgmt For For 4 Authorize the Chief Financial Officer of the Company to Do All Acts Necessary to Implement the Supplemental Comprehensive Agreement, Continuing Connected Transactions, and Proposed Caps Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Petrochina Y6883Q104 11/8/2005 1 Elect Su Shulin as Director Mgmt For For Company Limited 2 Elect Gong Huazhang as Director Mgmt For Against 3 Elect Wang Yilin as Director Mgmt For Against 4 Elect Zeng Yukang as Director Mgmt For Against 5 Elect Jiang Fan as Director Mgmt For For 6 Elect Chee-Chen Tung as Independent Director Mgmt For For 7 Elect Liu Hongru as Independent Director Mgmt For For 8 Elect Wang Fucheng as Supervisor Mgmt For For 9 Elect Wen Qingshan as Supervisor Mgmt For For 10 Elect Li Yongwu as Independent Supervisor Mgmt For For 11 Elect Wu Zhipan as Independent Supervisor Mgmt For For 12 Approve Second Supplemental Comprehensive Agreement Mgmt For Against 13 Approve CRMSC Products and Services Agreement Mgmt For For 14 Approve Ongoing Connected Transactions Mgmt For Against 15 Approve Annual Caps of the Ongoing Connected Transactions Except the Annual Limit in Respect of the Products and Services to be Provided to China Railway Materials and Suppliers Corp. (CRMSC) Under the CRMSC Products and Services Agreement Mgmt For Against 16 Approve Annual Caps in Respect of the Products and Services to be Provided to CRMSC Under the CRMSC Products and Services Agreement Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -12-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Petrochina Y6883Q104 5/26/2006 1 Accept Report of the Board of Directors Mgmt For For Company Limited 2 Accept Report of the Supervisory Committee Mgmt For For 3 Accept Financial Statements and Statutory Reports Mgmt For For 4 Approve Final Dividend Mgmt For For 5 Authorize Board to Distribute Interim Dividend Mgmt For For 6 Reappoint PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian CPAs Company Limited as International and Domestic Auditors Respectively and Authorize Board to Fix Their Remuneration Mgmt For For 7 Reelect Zheng Hu as Director Mgmt For For 8 Reelect Franco Bernabe as Independent Non-Executive Director Mgmt For For 9 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Mgmt For Against 10 Other Business Mgmt For Against - -------------------------------------------------------------------------------------------------------------------------------- Petroleo P78331140 8/30/2005 1 Approve Protocol and Justification for Brasileiro Partial Spin-off of Downstream Participacoes Ltda. and Incorporation of the Spun-off Portion by Petrobras Mgmt For For 2 Ratify Appraisal Firm Mgmt For For 3 Approve Appraisal Report of the Spun-off Portion to be Incorporated by Petrobras Mgmt For For 4 Approve Spin-Off Following the Incorporation of the Spun-off Portion's Capital Mgmt For For 5 Authorize Executive Board to Ratify and Execute Approved Resolutions Mgmt For For 6 Elect Director to the Board Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Petroleo P78331140 4/3/2006 1 Accept Financial Statements and Brasileiro Statutory Reports Mgmt For For 2 Approve Capital Budget Mgmt For For 3 Approve Allocation of Income Mgmt For For 4 Elect Directors Mgmt For For 5 Elect Board Chairman Mgmt For For 6 Elect Supervisory Board Members and their Alternates Mgmt For For 7 Approve Remuneration of Directors, Including Participation in the Company's Profit and Approve Supervisory Board's Remuneration Mgmt For Against 8 Approve Increase in Capital from BRL 32.896 Million to BRL 48.248 Million through Capitalization of Reserves, Without Issuance Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- PORTS DESIGN LTD G71848124 5/24/2006 1 Accept Financial Statements and Statutory Reports Mgmt For For 2 Approve Final Dividend Mgmt For For 3 Reappoint Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 4 Reelect Directors and Authorize Board to Fix Their Remuneration Mgmt For Against 5a Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Mgmt For Against 5b Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgmt For For 5c Authorize Reissuance of Repurchased Shares Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -13-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- POSCO (formerly 693483109 2/24/2006 1 APPROVAL OF BALANCE SHEET, INCOME Pohang Iron & STATEMENT, AND THE STATEMENT OF Steel) APPROPRIATION OF RETAINED EARNINGS FOR THE 38TH FISCAL YEAR Mgmt For For 2 PARTIAL AMENDMENTS TO ARTICLES OF INCORPORATION Mgmt For For 3 ELECTION OF OUTSIDE DIRECTOR: PARK, YOUNG-JU Mgmt For For 4 ELECTION OF OUTSIDE DIRECTOR: HUH, SUNG-KWAN Mgmt For For 5 ELECTION OF OUTSIDE DIRECTOR AS AUDIT COMMITTEE MEMBER: SUH, YOON-SUK Mgmt For For 6 ELECTION OF STANDING DIRECTOR: CHO, SOUNG-SIK Mgmt For For 7 ELECTION OF STANDING DIRECTOR: LEE, DONG-HEE Mgmt For For 8 APPROVAL OF LIMITS OF TOTAL REMUNERATION FOR DIRECTORS Mgmt For For 9 WAIVER OF CLAIM FOR OVERPAID EMPLOYMENT BENEFIT Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- PT Astra Y7117N149 5/24/2006 1 Accept Financial Statements and International Statutory Reports Mgmt For For Tbk. 2 Approve Allocation of Income and Dividends of IDR 370 Mgmt For For 3A Elect Commissioners Mgmt For For 3B Approve Remuneration of Directors and Commissioners Mgmt For For 4 Approve Haryanto Sahari & Rekan as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- PT 715684106 12/21/2005 1 APPROVAL ON THE AMENDMENT AND Telekomunikasi RE-ARRANGEMENT OF THE ARTICLES OF Indonesia Tbk ASSOCIATION OF THE COMPANY. Mgmt For Against 2 APPROVAL ON THE PLAN OF THE COMPANY'S SHARE BUY BACK. Mgmt For For 3 DETERMINATION ON CONCEPT/FORMULA OF THE COMPENSATION FOR THE MANAGEMENT OF THE COMPANY. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- PT 715684106 6/30/2006 1 APPROVAL OF THE COMPANY'S ANNUAL REPORT Telekomunikasi FOR THE FINANCIAL YEAR 2005. Mgmt For For Indonesia Tbk 2 RATIFICATION OF THE COMPANY AUDITED CONSOLIDATED FINANCIAL STATEMENTS, COMMUNITY DEVELOPMENT, SOCIAL CONTRIBUTION PROGRAM FINANCIAL STATEMENT FOR THE FINANCIAL YEAR AND ACQUITTAL AND DISCHARGE TO THE BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS. Mgmt For For 3 RESOLUTION ON THE USE OF NET INCOME FROM FISCAL YEAR 2005. Mgmt For For 4 Ratify Auditors Mgmt For For 5 COMPENSATION FOR THE MEMBER OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS FOR THE FISCAL YEAR 2006. Mgmt For For 6 ADJUSTMENT OF THE COMPANY'S BOARD OF COMMISSIONERS, IN ACCORDANCE WITH THE COMPANY'S NEW ARTICLE OF ASSOCIATION AND LAW NO.19/2003 REGARDING STATE-OWNED ENTERPRISE. Mgmt For For 7 APPROVAL OF THE CHANGES AND ADDITIONAL MEMBER FOR THE COMPANY'S BOARD OF DIRECTORS AND APPOINTMENT OF THE NEW DIRECTOR. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -14-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Rio Tinto Plc 767204100 4/12/2006 1 AUTHORITY TO ALLOT RELEVANT SECURITIES (Formerly Rtz UNDER SECTION 80 OF THE COMPANIES ACT Mgmt For For Corp. Plc) 1985 2 AUTHORITY TO ALLOT EQUITY SECURITIES FOR CASH UNDER SECTION 89 OF THE COMPANIES ACT 1985 Mgmt For For 3 AUTHORITY TO PURCHASE RIO TINTO PLC SHARES BY THE COMPANY OR RIO TINTO LIMITED Mgmt For For 4 ADOPTION OF NEW ARTICLES OF ASSOCIATION OF RIO TINTO PLC AND AMENDMENTS TO CONSTITUTION OF RIO TINTO LIMITED Mgmt For For 5 ELECTION OF TOM ALBANESE Mgmt For For 6 ELECTION OF SIR ROD EDDINGTON Mgmt For For 7 RE-ELECTION OF SIR DAVID CLEMENTI Mgmt For For 8 RE-ELECTION OF LEIGH CLIFFORD Mgmt For For 9 RE-ELECTION OF ANDREW GOULD Mgmt For For 10 RE-ELECTION OF DAVID MAYHEW Mgmt For For 11 Ratify Auditors Mgmt For For 12 APPROVAL OF THE REMUNERATION REPORT Mgmt For For 13 RECEIVE THE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2005 * Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Samsung Y74718100 2/28/2006 1 Approve Financial Statements and Electronics Co. Appropriation of Income, with a Final Ltd. Dividend of KRW 5000 Per Common Share Mgmt For For 2.1 Elect Independent Non-Executive Directors Mgmt For For 2.2 Elect Executive Directors Mgmt For For 2.3 Elect Members of Audit Committee Mgmt For For 3 Approve Limit on Remuneration of Directors Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Sasol Ltd. 803866300 12/2/2005 1 TO RECEIVE AND CONSIDER THE ANNUAL FINANCIAL STATEMENTS OF THE COMPANY AND OF THE GROUP FOR THE YEAR ENDED 30 JUNE 2005 Mgmt For For 2 TO ELECT DIRECTOR, RETIRING, IN TERMS OF ARTICLE 75(D) AND 75(E) OF THE COMPANY'S ARTICLES OF ASSOCIATION: W A M CLEWLOW Mgmt For For 3 TO ELECT DIRECTOR, RETIRING, IN TERMS OF ARTICLE 75(D) AND 75(E) OF THE COMPANY'S ARTICLES OF ASSOCIATION: S MONTSI Mgmt For For 4 TO ELECT DIRECTOR, RETIRING, IN TERMS OF ARTICLE 75(D) AND 75(E) OF THE COMPANY'S ARTICLES OF ASSOCIATION: T S MUNDAY Mgmt For For 5 TO ELECT DIRECTOR, RETIRING, IN TERMS OF ARTICLE 75(D) AND 75(E) OF THE COMPANY'S ARTICLES OF ASSOCIATION: M S V GANTSHO Mgmt For For 6 TO ELECT DIRECTOR, RETIRING, IN TERMS OF ARTICLE 75(D) AND 75(E) OF THE COMPANY'S ARTICLES OF ASSOCIATION: A JAIN Mgmt For Against 7 TO ELECT DIRECTOR, RETIRING IN TERMS OF ARTICLE 75(H) OF THE COMPANY'S ARTICLES OF ASSOCIATION: I N MKHIZE Mgmt For For 8 TO ELECT DIRECTOR, RETIRING IN TERMS OF ARTICLE 75(H) OF THE COMPANY'S ARTICLES OF ASSOCIATION: V N FAKUDE Mgmt For For 9 Ratify Auditors Mgmt For For 10 SPECIAL RESOLUTION NUMBER 1 - TO AMEND THE ARTICLES OF ASSOCIATION OF THE COMPANY Mgmt For For 11 ORDINARY RESOLUTION NUMBER 1 - PLACING 5% OF THE ORDINARY SHARES OF THE COMPANY, NOT ALLOTTED NOR ISSUED AS AT 2 DECEMBER 2005 Mgmt For For 12 ORDINARY RESOLUTION NUMBER 2 - TO APPROVE THE REVISED ANNUAL FEES PAYABLE BY THE COMPANY TO NON-EXECUTIVE DIRECTORS Mgmt For For 13 ORDINARY RESOLUTION NUMBER 3 - TO APPROVE THE AMENDMENT TO THE SHARE TRUST DEED BY THE INSERTION OF CLAUSE 18.2 BIS Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -15-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Shinhan Y7749X101 3/21/2006 1 Approve Appropriation of Income and Financial Group Dividend of KRW 800 Per Share Mgmt For For Co. Ltd. 2 Amend Articles of Incorporation to Extend Convertible Bond Maturity, to Allow Board to Issue Shares with Shareholder Approval, and to Shorten Share Registry Cancellation Period Mgmt For For 3 Elect Directors Mgmt For For 4 Elect Members of Audit Committee Mgmt For For 5 Approve Limit on Remuneration of Directors Mgmt For For 6 Approve Stock Option Grants Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Shinsegae Co. Y77538109 3/3/2006 1 Approve Appropriation of Income and (Formerly Dividends of KRW 1250 Per Share Mgmt For For Shinsegae 2 Amend Articles of Incorporation to Department Store) Expand Business Objectives Mgmt For For 3 Elect Executive Director Mgmt For For 4 Elect Members of Audit Committee Mgmt For For 5 Approve Limit on Remuneration of Mgmt For For Directors - -------------------------------------------------------------------------------------------------------------------------------- SK Telecom 78440P108 3/10/2006 1 APPROVAL OF THE BALANCE SHEETS, THE STATEMENTS OF INCOME, AND STATEMENTS OF APPROPRIATIONS OF RETAINED EARNINGS OF THE 22ND FISCAL YEAR, AS SET FORTH IN ITEM 1 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH. Mgmt For For 2 APPROVAL OF THE AMENDMENT TO THE ARTICLES OF INCORPORATION, AS SET FORTH IN ITEM 2 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH. Mgmt For For 3 APPROVAL OF THE CEILING AMOUNT OF THE REMUNERATION OF DIRECTORS, AS SET FORTH IN THE COMPANY'S AGENDA ENCLOSED HEREWITH. Mgmt For For 4 APPROVAL OF THE APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS WHO WILL BE AUDIT COMMITTEE MEMBERS, AS SET FORTH IN ITEM 3 OF THE COMPANY'S AGENDA ENCLOSED HEREWITH. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Southern Copper PCU 84265V105 5/4/2006 1.1 Elect Director Emilio Carrillo Gamboa Mgmt For Withhold Corporation 1.2 Elect Director Jaime Fernando Collazo Gonzalez Mgmt For Withhold 1.3 Elect Director Xavier Garcia de Quevedo Topete Mgmt For Withhold 1.4 Elect Director Oscar Gonzalez Rocha Mgmt For Withhold 1.5 Elect Director J. Eduardo Gonzalez Felix Mgmt For Withhold 1.6 Elect Director Harold S. Handelsman Mgmt For For 1.7 Elect Director German Larrea Mota-Velasco Mgmt For Withhold 1.8 Elect Director Genaro Larrea Mota-Velasco Mgmt For Withhold 1.9 Elect Director Armando Ortega Gomez Mgmt For Withhold 1.10 Elect Director Juan Rebolledo Gout Mgmt For Withhold 1.11 Elect Director Luis Miguel Palomino Bonilla Mgmt For For 1.12 Elect Director Gilberto Perezalonso Cifuentes Mgmt For For 1.13 Elect Director Carlos Ruiz Sacristan Mgmt For For 2 Require Advance Notice for Shareholder Proposals/Nominations Mgmt For Against 3 Amend Articles/Bylaws/Charter-Non-Routine Mgmt For For 4 Amend Articles/Change in Control Mgmt For For 5 Adopt Supermajority Vote Requirement for Amendments Mgmt For Against 6 Increase Authorized Common Stock Mgmt For For 7 Ratify Auditors Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -16-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- STARHUB LTD Y8152F108 4/26/2006 1 Adopt Financial Statements and Directors' and Auditors' Reports Mgmt For For 2 Reelect Lim Chin Beng as Director Mgmt For For 3 Reelect Osamu Inoue as Director Mgmt For For 4 Reelect Tan Guong Ching as Director Mgmt For For 5 Reelect Lee Theng Kiat as Director Mgmt For For 6 Reelect Steven Terrell Clontz as Director Mgmt For For 7 Reelect Robert J. Sachs as Director Mgmt For For 8 Approve Directors' Fees of SGD 685,452 (2004: SGD 322,982) Mgmt For For 9 Declare Final Dividend of SGD 0.025 Per Share Mgmt For For 10 Reappoint KPMG as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 11 Approve Issuance of Shares without Preemptive Rights Mgmt For For 12 Approve Issuance of Shares and Grant of Options Pursuant to the StarHub Pte Ltd Share Option Plan Mgmt For Against 13 Approve Issuance of Shares and Grant of Options and/or Awards Pursuant to the StarHub Share Option Plan 2004, the StarHub Performance Share Plan, and the StarHub Restricted Stock Plan Mgmt For Against - -------------------------------------------------------------------------------------------------------------------------------- STARHUB LTD Y8152F108 4/26/2006 1 Amend Articles of Association Mgmt For For 2 Authorize Share Repurchase Program Mgmt For For 3 Approve Mandate for Transactions with Mgmt For For Related Parties - -------------------------------------------------------------------------------------------------------------------------------- Sun Hung Kai Y82594121 12/8/2005 1 Accept Financial Statements and Properties Statutory Reports Mgmt For For Ltd. 2 Approve Final Dividend Mgmt For For 3a1 Reelect Li Ka-cheung, Eric as Director Mgmt For For 3a2 Reelect Wong Yue-chim, Richard as Director Mgmt For For 3a3 Reelect Lee Shau-kee as Director Mgmt For For 3a4 Reelect Chan Kui-yen, Thomas as Director Mgmt For For 3a5 Reelect Chan Kai-ming as Director Mgmt For For 3a6 Reelect Kwong Chun as Director Mgmt For For 3a7 Reelect Wong Yick-kam, Michael as Director Mgmt For For 3a8 Reelect Wong Chik-wing, Mike as Director Mgmt For For 3b Fix the Directors' Remuneration Mgmt For For 4 Reappoint Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 5 Approve Repurchase of Up to 10 Percent of Issued Capital Mgmt For For 6 Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Mgmt For Against 7 Authorize Reissuance of Repurchased Mgmt For For Shares - -------------------------------------------------------------------------------------------------------------------------------- -17-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Taiwan Y84629107 5/16/2006 1 Accept 2005 Business Report and Semiconductor Financial Statements Mgmt For For Manufacturing 2 Approve Allocation of Income and Co. Payment of Cash Dividend of NTD 2.5 Per Share and Stock Dividend at the Ratio of 15 Shares Per 1,000 Shares Held Mgmt For For 3 Approve Capitalization of 2005 Dividends, Employee Profit Sharing, and Capitalization of Capital Surplus Mgmt For For 4 Amend Articles of Association Mgmt For For 5.10 Elect Morris Chang as Director with Shareholder No. 4515 Mgmt For Abstain 5.2 Elect JC Lobbezoo, a Representative of Koninklijke Philips Electronics NV, as Director with Shareholder No. 2 Mgmt For Abstain 5.3 Elect FC Tseng as Director with Shareholder No. 104 Mgmt For Abstain 5.4 Elect Stan Shih as Director with Shareholder No. 534770 Mgmt For For 5.5 Elect Chintay Shih, a Representative of Development Fund, as Director with Shareholder No. 1 Mgmt For Abstain 5.6 Elect Sir Peter Leahy Bonfield as Director with ID No. 500166059 Mgmt For For 5.7 Elect Lester Carl Thurow as Director with ID No. 102505482 Mgmt For For 5.8 Elect Rick Tsai as Director with Shareholder No. 7252 Mgmt For Abstain 5.9 Elect Carleton S. Fiorina as Director with ID No. 026323305 Mgmt For For 5.10 Elect James C. Ho, a Representative of Development Fund, as Supervisor with Shareholder No. 1 Mgmt For Abstain 5.11 Elect Michael E. Porter as Supervisor with ID No. 158611569 Mgmt For For 6 Other Business Mgmt None None - -------------------------------------------------------------------------------------------------------------------------------- Taiwan 874039100 5/16/2006 1 TO ACCEPT 2005 BUSINESS REPORT AND Semiconductor FINANCIAL STATEMENTS. Mgmt For For Manufacturing 2 TO APPROVE THE PROPOSAL FOR Co. DISTRIBUTION OF 2005 PROFITS. Mgmt For For 3 TO APPROVE THE CAPITALIZATION OF 2005 DIVIDENDS, 2005 EMPLOYEE PROFIT SHARING, AND CAPITAL SURPLUS. Mgmt For For 4 TO APPROVE REVISIONS TO THE ARTICLES OF INCORPORATION. Mgmt For For 5.1 Elect Director Morris Chang Mgmt For Withhold 5.2 Elect Director J.C. Lobbezoo Mgmt For Withhold 5.3 Elect Director F.C. Tseng Mgmt For Withhold 5.4 Elect Director Stan Shih Mgmt For For 5.5 Elect Director Chintay Shih Mgmt For Withhold 5.6 Elect Director Sir Peter L. Bonfield Mgmt For For 5.7 Elect Director Lester Carl Thurow Mgmt For For 5.8 Elect Director Rick Tsai Mgmt For Withhold 5.9 Elect Director Carleton S. Fiorina Mgmt For For 5.10 Elect Director James C. Ho Mgmt For Withhold 5.11 Elect Director Michael E. Porter Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- TENARIS SA, 88031M109 6/7/2006 1 CONSIDERATION OF THE BOARD OF LUXEMBOURG DIRECTORS' AND INDEPENDENT AUDITOR'S REPORTS ON THE CONSOLIDATED FINANCIAL STATEMENTS. Mgmt For For 2 CONSIDERATION OF THE BOARD OF DIRECTORS' AND INDEPENDENT AUDITOR'S REPORTS ON THE UNCONSOLIDATED ANNUAL ACCOUNTS. Mgmt For For 3 ALLOCATION OF RESULTS AND APPROVAL OF DIVIDEND PAYMENT. Mgmt For For 4 DISCHARGE TO THE MEMBERS OF THE BOARD OF DIRECTORS. Mgmt For For 5 ELECTION OF THE BOARD OF DIRECTORS MEMBERS. Mgmt For For 6 AUTHORIZATION TO THE BOARD OF DIRECTORS TO DELEGATE THE DAY-TO-DAY MANAGEMENT OF THE COMPANY'S BUSINESS AND THE POWER TO REPRESENT THE COMPANY AS ADMINISTRATEUR DELEGUE (CHIEF EXECUTIVE OFFICER) TO MR. PAOLO ROCCA. Mgmt For For 7 AUTHORIZATION TO THE BOARD OF DIRECTORS TO APPOINT ANY OR ALL OF ITS MEMBERS AS THE COMPANY'S ATTORNEYS-IN-FACT. Mgmt For For 8 AUTHORIZATION TO THE BOARD OF DIRECTORS TO CAUSE THE DISTRIBUTION OF ALL SHAREHOLDER COMMUNICATIONS. Mgmt For For 9 BOARD OF DIRECTORS' COMPENSATION. Mgmt For For 10 Ratify Auditors Mgmt For For 11 AMENDMENT OF ARTICLE 11 OF THE ARTICLES OF ASSOCIATION. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -18-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Teva 881624209 7/27/2005 1 TO RECEIVE AND DISCUSS THE COMPANY'S Pharmaceutical CONSOLIDATED BALANCE SHEET AND THE Industries CONSOLIDATED STATEMENTS OF INCOME Mgmt For For 2 TO APPROVE THE BOARD OF DIRECTORS RECOMMENDATION THAT THE CASH DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2004 Mgmt For For 3 TO APPOINT DR. LEORA (RUBIN) MERIDOR AS A STATUTORY INDEPENDENT DIRECTOR FOR AN ADDITIONAL TERM OF THREE YEARS Mgmt For For 4 TO ELECT ELI HURVITZ TO SERVE FOR AN ADDITIONAL THREE-YEAR TERM Mgmt For For 5 TO ELECT RUTH CHESHIN TO SERVE FOR AN ADDITIONAL THREE-YEAR TERM Mgmt For For 6 TO ELECT PROF. MICHAEL SELA TO SERVE FOR AN ADDITIONAL THREE-YEAR TERM Mgmt For For 7 TO ELECT HAROLD SNYDER TO SERVE FOR AN ADDITIONAL THREE-YEAR TERM Mgmt For For 8 TO APPROVE THE PURCHASE OF DIRECTOR'S AND OFFICER'S LIABILITY INSURANCE FOR THE DIRECTORS AND OFFICERS OF THE COMPANY Mgmt For Against 9 TO APPROVE THE COMPANY'S 2005 OMNIBUS LONG-TERM SHARE INCENTIVE PLAN Mgmt For Against 10 TO APPROVE AN AMENDMENT TO PROVISIONS OF THE COMPANY'S ARTICLES RELATING TO THE INDEMNIFICATION OF DIRECTORS AND OFFICERS Mgmt For For 11 TO APPROVE AN AMENDMENT TO THE COMPANY'S ARTICLES THAT WOULD INCREASE THE REGISTERED SHARE CAPITAL OF THE COMPANY Mgmt For For 12 TO APPOINT KESSELMAN & KESSELMAN, A MEMBER OF PRICEWATERHOUSECOOPERS INTERNATIONAL LTD., AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AND TO DETERMINE THEIR COMPENSATION Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Teva 881624209 10/27/2005 1 TO APPROVE THE ISSUANCE OF ORDINARY Pharmaceutical SHARES OF TEVA, PURSUANT TO THE Industries AGREEMENT AND PLAN OF MERGER, DATED JULY 25, 2005, BY AND AMONG IVAX CORPORATION, TEVA AND TWO WHOLLY OWNED SUBSIDIARIES OF TEVA, IVORY ACQUISITION SUB, INC. AND IVORY ACQUISITION SUB II Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Teva 881624209 5/4/2006 1 TO RECEIVE AND DISCUSS THE COMPANY'S Pharmaceutical CONSOLIDATED BALANCE SHEET AS OF Industries DECEMBER 31, 2005 AND THE CONSOLIDATED STATEMENTS OF INCOME FOR THE YEAR THEN ENDED. Mgmt For For 2 TO APPROVE THE BOARD OF DIRECTORS RECOMMENDATION THAT THE CASH DIVIDEND FOR THE YEAR ENDED DECEMBER 31, 2005 BE DECLARED FINAL. Mgmt For For 3 TO APPOINT PROF. GABRIELA SHALEV AS A STATUTORY INDEPENDENT DIRECTOR FOR AN ADDITIONAL TERM OF THREE YEARS. Mgmt For For 4 TO ELECT THE FOLLOWING DIRECTOR TO SERVE FOR A THREE-YEAR TERM: DR. PHILLIP FROST Mgmt For For 5 TO ELECT THE FOLLOWING DIRECTOR TO SERVE FOR A THREE-YEAR TERM: CARLO SALVI Mgmt For For 6 TO ELECT THE FOLLOWING DIRECTOR TO SERVE FOR A THREE-YEAR TERM: DAVID SHAMIR Mgmt For For 7 TO APPROVE THE PURCHASE OF DIRECTOR'S AND OFFICER'S LIABILITY INSURANCE FOR THE DIRECTORS AND OFFICERS OF THE COMPANY. Mgmt For Against 8 TO APPROVE AN AMENDMENT TO SECTION 60(E) OF THE COMPANY'S ARTICLES OF ASSOCIATION. Mgmt For For 9 TO APPROVE AN INCREASE IN THE REMUNERATION PAID TO THE DIRECTORS OF THE COMPANY (OTHER THAN THE CHAIRMAN OF THE BOARD). Mgmt For For 10 TO APPOINT KESSELMAN & KESSELMAN, AS THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM AND DETERMINE THEIR COMPENSATION. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -19-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- THAI OIL PUBLIC Y8620B119 4/20/2006 1 Approve Minutes of Previous AGM Mgmt For For CO LTD 2 Accept Financial Statements and Statutory Reports Mgmt For For 3 Approve Allocation of Income and Payment of Dividend of Baht 3.5 Per Share Mgmt For For 4 Reelect Chakramon Phasukavanich, Nibhat Bhukkanasut, Prajya Phinyawat, and Nit Chantramonklasri as Directors, and Elect Pichai Chunhavajira as a New Director Mgmt For For 5 Approve Remuneration of Directors Mgmt For For 6 Approve KPMG Phoomchai Audit Ltd. as Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 7 Other Business Mgmt For Against - -------------------------------------------------------------------------------------------------------------------------------- The India Fund, 454089103 3/16/2006 1 Approve Investment Advisory Agreement Mgmt For For Inc. 2 Approve Investment Advisory Agreement Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- The India Fund, 454089103 4/28/2006 1.1 Elect Director Lawrence K. Becker Mgmt For For Inc. 1.2 Elect Director Peter G. Peterson Mgmt For For 1.3 Elect Director Jeswald W. Salacuse Mgmt For For 1.4 Elect Director Prakash A. Melwani Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Tsingtao Brewery Y8997D102 6/29/2006 1 Accept Working Report of the Board of Co Directors Mgmt For For 2 Accept Working Report of the Suprevisory Committee Mgmt For For 3 Accept Financial Statements and Statutory Reports Mgmt For For 4 Approve Profit Distribution Proposal Including Dividend Allocation Mgmt For For 5 Reappoint PricewaterhouseCoopers Zhongtian CPAs Limited and PricewaterhouseCoopers, Hong Kong as Domestic and International Auditors Respectively for 2006, and Authorize Board to Fix Their Remuneration Mgmt For For 6 Approve the Proposal for Increasing the Remuneration of the Independent Directors and External Suprevisors Mgmt For For 7 Approve the Proposal for Purchasing Indemnity Insurance for the Directors, Supervisors, and Senior Management Officers and Authorize Board to Do All Things Necessary in Respect of Such Purchase Mgmt For For 8 Amend Articles of Association Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -20-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Tupras Turkiye M8966X108 4/26/2006 1 Elect Presiding Council of Meeting Mgmt For For Petrol 2 Accept Financial Statements and Rafinerileri A.S. Statutory Reports Mgmt For For 3 Ratify Directors Appointed During the Year Mgmt For For 4 Approve Discharge of Directors and Internal Auditors Mgmt For For 5 Approve Allocation of Income Mgmt For For 6 Elect Directors for Fiscal Year 2006 Mgmt For For 7 Elect Internal Auditors for Fiscal 2006 Mgmt For For 8 Approve Remuneration of Directors and Internal Auditors Mgmt For For 9 Approve Donations Made in Financial Year 2005 Mgmt For Against 10 Amend Articles 1, 2, 3, 4, 5, 6, 7, 12, 14, 25, 31, 33, 36, 38, 40, and 41, and Cancel Article 20 Mgmt For For 11 Ratify Independent External Auditors Mgmt For For 12 Grant Permission for Board Members to Engage in Commercial Transactions with Company and Be Involved with Companies with Similar Corporate Purpose Mgmt For For 13 Authorize Presiding Council to Sign Minutes of Meeting Mgmt For For 14 Wishes Mgmt None None - -------------------------------------------------------------------------------------------------------------------------------- TURKIYE SINAI M8973M103 3/17/2006 1 Elect Presiding Council of Meeting Mgmt For For KALKINMA BANKASI 2 Accept Auditor's Report Mgmt For For A.S. 3 Accept Financial Statements and Statutory Reports Mgmt For For 4 Approve Allocation of Income Mgmt For For 5 Approve Discharge of Board Mgmt For For 6 Approve Discharge of Internal Auditors Mgmt For For 7 Approve Remuneration of Directors and Internal Auditors Mgmt For For 8 Approve Agreement in Accordance with Amendments of the Ministry of Commerce Mgmt For Against 9 Fix Number of and Elect Directors, and Determine Their Terms of Office and Remuneration Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- Vimpel 68370R109 4/24/2006 1 APPROVAL OF THE AMENDMENTS TO THE Communications CHARTER OF VIMPELCOM., ALL AS MORE OJSC FULLY DESCRIBED IN THE NOTICE. Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- -21-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Vimpel 68370R109 6/23/2006 Management Proxy Communications OJSC 1 TO APPROVE THE 2005 VIMPELCOM ANNUAL REPORT Mgmt For For 2 TO APPROVE VIMPELCOM'S 2005 ACCOUNTING STATEMENTS, INCLUDING PROFIT AND LOSS STATEMENT (PREPARED IN ACCORDANCE WITH RUSSIAN STATUTORY ACCOUNTING PRINCIPLES) AUDITED BY ROSEXPERTIZA, LLC Mgmt For For 3 TO NOT PAY ANNUAL DIVIDENDS TO HOLDERS OF COMMON REGISTERED SHARES BASED ON 2005 RESULTS; TO PAY HOLDERS OF PREFERRED REGISTERED SHARES OF TYPE A BASED ON 2005 RESULTS IN THE AMOUNT OF 0.1 KOPECK PER SHARE WITHIN 60 DAYS FROM THE DATE Mgmt For For 4 ELECTION OF THE BOARD OF DIRECTORS - (Cumulative Voting Applies to Directors - You have to fill out the card to Vote For Directors on the Management Slate). Mgmt None Withhold 5 TO ELECT THE FOLLOWING INDIVIDUALS TO THE AUDIT COMMISSION: ALEXANDER GERSH, HALVOR BRU AND NIGEL ROBINSON Mgmt For For 6 TO APPROVE THE FIRM ERNST & YOUNG (CIS) LTD. AS THE AUDITOR OF THE COMPANY'S U.S. GAAP ACCOUNTS AND THE FIRM ROSEXPERTIZA, LLC AS THE AUDITOR OF THE COMPANY'S ACCOUNTS Mgmt For For 7 TO APPROVE THE PROGRAMS OF COMPENSATION FOR MEMBERS OF VIMPELCOM'S BOARD OF DIRECTORS Mgmt For For 8 TO APPROVE THE PROGRAMS OF COMPENSATION FOR MEMBERS OF VIMPELCOM'S AUDIT COMMISSION Mgmt For For Dissident Proxy 1 APPROVAL OF THE 2005 VIMPELCOM ANNUAL REPORT Mgmt For Do Not Vote 2 APPROVAL OF THE 2005 VIMPELCOM'S ACCOUNTING STATEMENTS Mgmt For Do Not Vote 3 ALLOCATION OF PROFITS AND LOSSES RESULTING FROM 2005 Mgmt For Do Not Vote 4.1 DIRECTOR MICHAEL LEIBOV Mgmt For Do Not Vote 4.2 DIRECTOR LEONID R. NOVOSELSKY Mgmt For Do Not Vote 4.3 DIRECTOR DAVID J. HAINES Mgmt For Do Not Vote 4.4 DIRECTOR MIKHAIL M. FRIDMAN Mgmt For Do Not Vote 4.5 DIRECTOR ALEXEI M. REZNIKOVICH Mgmt For Do Not Vote 4.6 DIRECTOR OLEG A. MALIS Mgmt For Do Not Vote 5 ELECTION OF THE AUDIT COMMISSION Mgmt For Do Not Vote 6 APPROVAL OF EXTERNAL AUDITORS Mgmt For Do Not Vote 7 APPROVAL OF COMPENSATION TO THE MEMBERS OF THE BOARD OF DIRECTORS Mgmt For Do Not Vote 8 APPROVAL OF COMPENSATION TO THE MEMBERS OF THE AUDIT COMMISSION Mgmt For Do Not Vote 2nd Dissident Proxy 1 APPROVAL OF THE 2005 VIMPELCOM ANNUAL REPORT Mgmt For Do Not Vote 2 APPROVAL OF VIMPELCOM'S ACCOUNTING STATEMENTS, INCLUDING THE PROFIT AND LOSS STATEMENT FOR 2005 (PREPARED IN ACCORDANCE WITH RUSSIAN STATUTORY ACCOUNTING PRINCIPLES) Mgmt For Do Not Vote 3 ALLOCATION OF PROFITS AND LOSSES RESULTING FROM 2005 OPERATIONS, INCLUDING NON-PAYMENT OF DIVIDENDS TO HOLDERS OF COMMON REGISTERED SHARES AND PAYMENT OF DIVIDENDS FOR HOLDERS OF PREFERRED REGISTERED SHARES OF TYPE A Mgmt For Do Not Vote 4.1 DIRECTOR JO LUNDER Mgmt For Do Not Vote 4.2 DIRECTOR LARRY ZIELKE Mgmt For Do Not Vote 5 ELECTION OF THE AUDIT COMMISION Mgmt For Do Not Vote 6 APPROVAL OF EXTERNAL AUDITORS Mgmt For Do Not Vote 7 APPROVAL OF COMPENSATION TO THE MEMBERS OF THE BOARD OF DIRECTORS Mgmt For Do Not Vote 8 APPROVAL OF COMPENSATION TO THE MEMBERS OF THE AUDIT COMMISSION Mgmt For Do Not Vote - -------------------------------------------------------------------------------------------------------------------------------- -22-
PROXY VOTE SUMMARY REPORT FROM 07/01/05 TO 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Wal-Mart de P98180105 2/28/2006 1 Accept Chairman's Report Mgmt For For Mexico S.A. de 2 Accept Audit Committee's Report Mgmt For For C.V. (frmrly. 3 Accept Supervisory Board Report Mgmt For For Cifra S.A.) 4 Accept Financial Statements for Fiscal Year Ended December 2005 Mgmt For For 5 Present Report on the Share Repurchase Reserves Mgmt For For 6 Approve Cancellation of 201.5 Million Company Treasury Shares Mgmt For For 7 Approve Modifications to Article 5 in the Bylaws Re: Changes in Variable and Fixed Capital Mgmt For For 8 Approve Allocation of Income Mgmt For For 9 Approve Dividend of MXN 0.38 per Share or Stock Calculated as of March 22, 2006 Mgmt For For 10 Approve MXN 3.28 Million Variable Capital Increase Through Issuance of 164.3 Million Common Shares To Be Paid Back as Dividends at MXN 20 per Share Mgmt For For 11 Accept Report Re: Employee Stock Purchase Plan Mgmt For Against 12 Accept Report Re: Wal-Mart de Mexico Foundation Mgmt For For 13 Approve Discharge of the Board of Directors Mgmt For For 14 Elect or Ratify Members of the Board of Directors and Supervisory Board Mgmt For For 15 Approve Minutes of Meeting Mgmt For For - -------------------------------------------------------------------------------------------------------------------------------- XINAO GAS G9826J104 5/23/2006 1 Accept Financial Statements and HOLDINGS Statutory Reports Mgmt For For 2 Approve Final Dividend Mgmt For For 3a Reelect Yang Yu as Director Mgmt For For 3b Reelect Chen Jiacheng as Director Mgmt For For 3c Reelect Zhao Jinfeng as Director Mgmt For For 3d Reelect Yu Jianchao as Director Mgmt For For 3e Reelect Cheung Yip Sang as Director Mgmt For For 3f Authorize Board to Fix the Remuneration of Directors Mgmt For For 4 Reappoint Auditors and Authorize Board to Fix Their Remuneration Mgmt For For 5a Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights Mgmt For Against 5b Authorize Repurchase of Up to 10 Percent of Issued Share Capital Mgmt For For 5c Authorize Reissuance of Repurchased Shares Mgmt For For 6 Amend Articles Re: Appointment and Removal of Directors Mgmt For For -23-
Proxy Vote Summary Report from 07/01/05 to 06/30/06 SIT DEVELOPING MARKETS GROWTH FUND
Meeting Mgmt. Fund Vote Issuer Symbol CUSIP Date Ballot Issues Proponent Rec. Cast - -------------------------------------------------------------------------------------------------------------------------------- Companhia Vale Do 204412209 7/19/2005 1 THE PROPOSAL TO AMEND THE COMPANY S Rio Doce BY-LAWS. Mgmt For 2 THE REPLACEMENT OF A MEMBER OF A FISCAL COUNCIL, AND HIS RESPECTIVE SUBSTITUTE, NOMINATED BY THE CONTROLLING SHAREHOLDER. Mgmt For - -------------------------------------------------------------------------------------------------------------------------------- National Bank of 633643408 10/3/2005 1 RESOLUTION ON THE MERGER THROUGH THE Greece ABSORPTION OF NATIONAL INVESTMENT COMPANY S.A. BY NATIONAL BANK OF GREECE S.A., ALL AS MORE FULLY DESCRIBED IN THE AGENDA. Mgmt For 2 CANCELLATION, PURSUANT TO COMPANIES ACT 2190/1920, ARTICLE 75, PARAGRAPH 4, OF NATIONAL INVESTMENT COMPANY S SHARES OWNED BY THE ABSORBING NATIONAL BANK OF GREECE. Mgmt For 3 INCREASE IN THE SHARE CAPITAL OF NATIONAL BANK OF GREECE, ALL AS MORE FULLY DESCRIBED IN THE AGENDA. Mgmt For 4 AMENDMENT OF ARTICLES 4 AND 39 OF NATIONAL BANK OF GREECE S ARTICLES OF ASSOCIATION DUE TO THE SAID MERGER. Mgmt For 5 APPROVAL OF THE BOD ACTS REGARDING THE SAID MERGER, ALL AS MORE FULLY DESCRIBED IN THE AGENDA. Mgmt For 6 APPOINTMENT OF BANK REPRESENTATIVES TO EXECUTE THE NOTARIAL CONTRACT OF THE MERGER THROUGH THE ABSORPTION OF NATIONAL INVESTMENT BANK S.A., ALL AS MORE FULLY DESCRIBED IN THE AGENDA. Mgmt For 7 Other Business Mgmt None - -------------------------------------------------------------------------------------------------------------------------------- SHAMIR OPTICAL M83683108 7/18/2005 1.1 Elect A. Netzer as External Director Mgmt For INDUSTRY LTD 1.2 Elect A. Samuels as External Director Mgmt For 2 Approve Cash Compensation of External Directors Mgmt For 3 Approve Stock Option Plan Grants to External Directors Mgmt For - -------------------------------------------------------------------------------------------------------------------------------- -24-
SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) Sit Developing Markets Growth Fund, a series of Sit Mutual Funds, Inc. ------------------------------------------------------------------- By (Signature and Title)*/s/ Paul E. Rasmussen, Vice President -------------------------------------------------------- Date March 8, 2007 --------------------------------------------------------------------------- * Print the name and title of each signing officer under his or her signature. -----END PRIVACY-ENHANCED MESSAGE-----