BERWYN FUND

Marketwatch.com, September 2, 2007
In "Tiny Fund Firms That Fill Big Shoes," an article about "small-manager standouts" by Jonathan Burton, it states that the Berwyn Fund family "stood out on the strength of its Berwyn Fund and sibling Berwyn Income Fund."

Bloomberg.com, February 21, 2006
"Experience Really Does Matter in Mutual Funds" article by Chet Currier mentions the Berwyn Fund.

DJ Newswires.com, July 11, 2005
Riva Richmond covered the Berwyn Fund in an article entitled "Berwyn Small-Cap Fund Digs Deep For Value" appearing In the Dow Jones Newswire, a wire service, and on the Web site Dow Jones NewsPlus, available only to subscribers.

CBS MarketWatch.com, October 27, 2004
Lee Grout, co-manager of Berwyn Fund, is interviewed in an article by Susan Lerner.

SmartMoney.com, August 6, 2004
The Berwyn Fund is mentioned in an article entitled "Great Funds for IRA's" by Dawn Smith.

CBS MarketWatch.com, August 2, 2004
In an article entitled "Small Favor: Tiny Berwyn Fund Enjoying a Standout Year" by Jonathan Burton, Berwyn Fund's managers are interviewed.

CNN Financial,
January 31, 2004

Robert E. Killen Co-Manager of Berwyn Fund, was interviewed on
CNN Financial on January 31, 2004.

The New York Times, January 11, 2004
Bob Killen and Lee Grout comment on their mutual fund management in the Mutual Fund Report in Sunday's New York Times.


MEDIA RECOGNITION

The excerpts from the various publications are for informational purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. There is no guarantee that the information supplied is accurate, complete, or timely, nor does it make any warranties with regards to the results obtained from its use.

Past performance is not a guarantee of future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For performance information current to the most recent month end please visit the "Price and Performance" section of the website.

Total returns include the reinvestment of all dividends, interest and other distributions, compounded daily. Returns for The Berwyn Funds are before taxes and net of all advisory and commission charges. Three year, five year and ten year returns are annualized.

An investor should consider each fund's investment objectives, risks, charges and expenses before investing. The fund's prospectus contains this and other relevant information, and should be read carefully before investing. A prospectus may be downloaded from the Fund Literature page of this Web site, or by calling the following toll-free number:
1-800-992-6757.