| Timberline Dividend & Growth Portfolio Information (3/31/13) |
| Timberline Investment Management, LLC. 503-657-7100 Info@TimberlineInvestment.com |

| Investing with Integrity |
| ABOUT TIMBERLINE |
| ABOUT DIVIDEND & GROWTH |
| DIVIDEND STOCK INVESTING |
| D&G S&P 500 Weighted Avg. Mkt. Cap: $101b $107b Number of Holdings: 35 500 Portfolio Yield (before fees): 3.41% 2.13% Since Inception (9/30/03)- # of Negative Qtrs: 9 13 |
Timberline's Dividend & Growth composite performance has an inception date of 9/30/03. Timberline Investment Management, LLC (Timberline) is a registered investment advisor licensed in the states of Oregon and Washington. Timberline claims compliance with Global Investment Performance Standards (GIPS®), a set of standardized, industry-wide ethical principles that provide investment firms with guidance on how to calculate and report their investment results to prospective clients. A fully compliant GIPS report can be obtained by contacting Gregg Giboney at Gregg@Timberlineinvestment.com. Management of the composite includes accounts currently and previously managed in the strategy. Timberline welcomes the opportunity to share and discuss the performance history of Timberline Dividend & Growth and that of relevant benchmarks. |