Mellon First Principle Fund,

Ltd. B

Fund Investment Objectives

Mellon First Principle Fund, Ltd. is a multi-strategy fund of hedge funds with a social responsibility mandate focused on certain faith-based, ethical principles. Investment objective of long-term capital appreciation with moderate volatility and moderate correlation to global equity and fixed income markets. Allocations to multiple hedge fund strategy groups, which may include relative value, event-driven, equity hedge fund, global asset allocators and short sellers. 25% aggregate fund level gate. AUM reflects the aggregate of the various share classes and is denominated in USD.