Jackson Fund Services(R) Announces the Addition of Four Executives to Senior Management Team

Jackson Fund Services (JFS; www.JacksonFundServices.com), a division of Jackson National Asset Management, LLC®, today announced the addition of four new executives to its senior management team. The new positions were created in response to the firm’s tremendous growth over the past 18 months and engineered specifically to add depth to the oversight of several business-critical company functions. The new executives and their respective positions are as follows: Mark R. Anderson, vice president – investment management and variable product operations; Karen Buiter, assistant vice president - financial reporting; J. Kevin Kenely, vice president - fund accounting, pricing and corporate actions; and Mike Piszczek, assistant vice president - tax. "The need to create these four new positions speaks to the rapid growth and evolution of our organization,” said Mark Nerud, president of both Jackson National Asset Management and JFS. "These seasoned executives will be instrumental in improving our infrastructure and broadening our third-party service offerings. As we continue to evolve, their experience and expertise will be an invaluable asset to JFS.” Mark R. Anderson, 43, vice president – investment management and variable product operations, is responsible for investment management, sub-adviser oversight, separate account and transfer agent operations as well as business development. Mr. Anderson brings nearly 20 years of securities industry experience to the firm. Prior to joining JFS, he held various executive positions with Integrity Mutual Funds, Inc. and was a personal trust officer for Wells Fargo Bank, N.A. Mr. Anderson holds a B.A. in marketing from the University of North Dakota. Karen Buiter, 43, assistant vice president - financial reporting, is responsible for managing the Financial Reporting Group, which provides reporting and administrative services to shareholders on all third-party funds, as well as Jackson National Life Insurance Company®’s variable annuity, variable life insurance and retail mutual fund products. Prior to joining JFS, she was Treasurer for Henderson Global Investors, Inc., where she was responsible for the operations, treasury and fund administration functions of their retail mutual fund products. Ms. Buiter, who brings over 20 years of industry experience to JFS, is a certified public accountant and holds a B.S. in accounting from Trinity Christian College. J. Kevin Kenely, 54, vice president - fund accounting, pricing and corporate actions, has over 25 years of experience in the mutual fund arena overseeing investment operations, controls, fund administration and corporate finance. In his new role, he will provide strategic leadership and senior management oversight to the fund accounting, corporate actions and pricing departments. Prior to joining JFS in 2007, he held various senior management positions at Keystone Group and its successor firm, Evergreen Investment Services, Inc., as well as Grantham, Mayo and Van Otterloo & Co., LLC. Mr. Kenely is a graduate of Boston College and holds a B.S. in business administration with concentrations in accounting and computer science. He is also a certified public accountant. Mike Piszczek, 50, assistant vice president - tax, manages the preparation and communication of all tax-related provisions, including monitoring compliance with the Internal Revenue Code, as applicable to regulated investment companies. Before joining JFS in 2007, he worked for Nuveen Investments, where he held similar responsibilities as assistant vice president and tax manager for more than 170 funds. Mr. Piszczek, who brings 23 years of industry experience to JFS, is a certified public accountant and has been a member of the Investment Company Institute’s Tax Committee for the past 11 years. He received a B.S. in accounting and a certificate in financial planning from DePaul University. About Jackson Fund Services (JFS) Jackson Fund Services is a division of Jackson National Asset Management, LLC (JNAM), a wholly owned subsidiary of Jackson National Life Insurance Company® (JacksonSM; www.jnl.com). JFS provides fund accounting and administrative services to insurance companies, banks and mutual fund clients. Currently, the company services 135 funds, which represents more than $55 billion in assets under administration(a). With $34.6 billion in assets under management(a), Jackson National Asset Management, LLC is a provider of investment advisory, transfer agency, fund accounting and administration services for 109 multi-class mutual funds as well as eight separate accounts that support Jackson's variable products, employee 401(k) retirement plan and retail mutual funds. In addition to providing services to Jackson, JNAM offers outsourcing services to other insurance companies, banks and mutual fund clients through Jackson Fund Services. (a)As of 3/31/08