Thomas White

Thomas White International, Ltd.

440 South LaSalle Street

Suite 3900

Chicago, IL 60605

info@thomaswhite.com

Tel: +1-312-663-8300

Fax: +1-312-663-8323

Thomas White International, Ltd. Wins Two 2008 Lipper Fund Awards

“The recent globalization of capital markets has stimulated healthy growth in developed countries and sharp improvements in many of the emerging market economies, including China, India, Eastern Europe and Brazil. Significantly, the unprecedented adoption of free market-oriented policies by governments worldwide suggests the possibility of a secular expansion that could benefit all global citizens.”

Thomas S. White Jr., President

Top International Multi-Cap Value Top International Multi-Cap Value

Fund for a 10-year period Fund for a 3-year period

On April 9, 2008, The Thomas White International Fund was awarded the Lipper Fund Award for its 3 and 10-year record in the International Multi-Cap Value category. The top honors are awarded each year to funds which have excelled in delivering consistently strong risk-adjusted returns.

The Thomas White International Fund ranked #1 out of 89 funds in the International Multi-Cap Value category for the 3-year period ended December 31, 2007 and it ranked #1 out of 39 funds for the 10-year period ended December 31, 2007. The Lipper Fund Awards are presented annually by Lipper, a leading global mutual fund rating and research firm. The awards program highlights funds that have excelled in delivering consistently strong risk-adjusted performance, relative to peers. The awards are awarded to funds in 21 countries in Asia, Europe and the United States. Rankings do not take sales charges into account and are based on total return, net of expenses and includes reinvested dividends. Lipper scores for Consistent Return reflect funds' historical risk-adjusted returns, measured in local currency, relative to peers. Funds registered for sale in a given country are selected and then scores for Consistent Return are computed for all Lipper classifications with five or more distinct portfolios. These calculations span equity, mixed asset and bond funds. A fund must have had at least 36 months of performance history as of the end of the evaluation year. Past performance is no guarantee of future results. Investors should carefully consider the investment objectives, risks, charges and expenses of the Thomas White International Fund before investing. This and other important information is contained in the Fund’s prospectus, which can be obtained by calling the Thomas White Funds at (800) 811-0535 or by visiting the Fund’s website at www.thomaswhitefunds.com. Investing in international markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Read the prospectus carefully before investing.

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