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Financial Risk Manager (FRM®) Examination
2008 FRM Candidate Results

January 20, 2009

GARP ID: 82060

Dear Chiu Yee Choi,

Congratulations, you passed the 2008 Financial Risk Manager® Examination!

On behalf of the Global Association of Risk Professional employees and Board of Trustees, congratulations on passing the 2008 FRM Examination and demonstrating your commitment to excellence in risk management. You have now joined a unique but select group of 17,667 financial risk professionals from around the world. Your performance on the Financial Risk Manager examination validates that you possess the professional skills, intuitive and analytical capabilities necessary to effectively perform the responsibilities of a professional financial risk manager.

The final step you must take in order to obtain FRM certification is to provide evidence that you have met the two years of professional work experience requirement. To do this, please submit your CV/resume via our Resume Builder web portal ( click here ). Once we have received your resume we will verify your work experience. You do not have to follow up once you submitted your CV/resume. Should we have any questions or require further information we will contact you.

Please note : you have 5 years from the date of this letter to submit your CV/Resume outlining your two years of relevant professional work experience.

As a part of our continuing effort to provide feedback to all FRM Candidates, you can access information about your performance relative to all other 2008 FRM candidates who sat for the examination. Please click here, to view your analysis. This feedback includes quartile performance for all five examination topic categories:

• Credit Risk Measurement & Management
• Market Risk Measurement & Management
• Operational & Integrated Risk Management
• Quantitative Analysis
• Risk Management & Investment Management

You will be mailed your FRM Certificate on April 15, 2009, assuming you have posted your CV/Resume no later than March 31, 2009. FRM Certificates are distributed quarterly to all qualified candidates. We encourage you to visit our website to see the certificate distribution schedule should you not have met the two years of professional experience by March 31, 2009.

Once you have met all of our requirements for certification as a Financial Risk Manager, you are encouraged to use the FRM designation on all of your correspondence and business cards.

You have our best wishes for continued success in the risk management profession and we look forward to your continued support and involvement in the Association.

If you have any questions, please feel free to contact us directly at frm@garp.com .

Sincerely yours,

Kristina Jaoude
Senior Vice President
International Education & Membership Administration
Global Association of Risk Professionals
www.garp.com