Ignis International Emerging Markets Select Value Fund

A different approach to managing emerging market equities

Agenda

• Overview & team

• Investment philosophy & process

• Portfolio construction & fund positioning

• Performance review

• Summary

• Biographies

• Appendices

1

Overview & Team

2

Overview

• We use a value-driven, top down approach to identify the most attractive emerging markets

• Countries are ranked for attractiveness according to Ignis’ proprietary MASAM screen

• The most attractive markets are given overweight positions and the least attractive are underweighted

• Where available and appropriate, broad market exposure is obtained via ‘Delta 1’ instruments - futures, ETFs, etc

3

Global Equity Team

Lead Investment Manager – James Smith, Head of Global Funds

– Managed global and emerging market equities since the 1980’s

– Developed proprietary Market and Sector Allocation Model (MASAM) in 1988

– Investment team of 3

Ignis Asset Management Resources

– Team of 25 Global Research Analysts

– 2 Risk & Style Monitoring Analysts

– Team of 7 Traders

Managing approximately €1.15 bn* using the MASAM platform

– Across global, EAFE and emerging market strategies

*Source: Internal, as at end 31/12/10, inclusive of pending transfers.

An experienced, disciplined, investment manager

4

Investment Philosophy & Process

5

Investment Philosophy

We believe that in emerging markets, the majority of relative performance comesfrom country allocation rather than stock selection

Therefore we use a top-down approach to country selection, built upon a core beliefof relative value

We believe that mean reversion provides the mechanism by which relative valueopportunities can be regularly exploited

We believe that the very broad opportunity set can best be systematically andobjectively evaluated with the help of quantitative screens

Top down, value emphasis

6

Investment Process Overview

QUANTITATIVE IDEA GENERATION

MASAM scores and ranks Emerging Markets on a range of factors:

Value – Earnings – Quality –Technical – Momentum – Macro – Monetary

QUALITATIVE INPUTS

The fund manager’s investment experience and qualitative research helps with the timing of buy and sell decisions

Fundamental inputs provide quality control and additional checks

PORTFOLIO CONSTRUCTION

Delta 1 instruments used for exposure to countries (where available and appropriate)

High conviction approach – zero weightings are possible

7

Quantitative Idea Generation

• MASAM (Market and Sector Allocation Model) was developed in 1988 by James Smith

• Since then, it has been used to run global, EAFE and emerging market equity mandates

• For the emerging markets strategy, the model looks at EM countries and ranks them on a variety of factors

• The highest ranking countries, or countries showing a tendency towards higher rankings, are candidates forbuy ideas, and vice versa

8

Important note: We have adopted a highly consistent application of these factors since MASAM was first designed in 1988. However as part of our R&D we have, and

will occasionally delete factors and introduce new ones if, in our view, compelling evidence indicates that it will improve our investment process.

Category Example of Variables What questions are we asking?

Value•Price / Book•Price / Earnings

What are the most undervalued opportunities relative to the universe and long-term norms?

Earnings•12m Forward EPS Growth•Analyst Revisions

Where are the biggest changes in consensus earnings estimates?

Quality•Return on Equity•Return on Equity Trend

Which sectors demonstrate the best use of capital?

Capital•Debt / Equity•Short term / Long Term Debt

Which sectors should be avoided (despite undervaluation) due to solvency risk?

Technical•Price Change over Medium Term•Relative Strength Indicators

Which constituents have significantly underperformed in the medium to long-term?

Momentum Reversal

•Change in Price Momentum Which constituents appear most oversold in the short term, and have potential to reverse?

Macro•GDP Growth Forecasts•Fiscal Trade Balances

Which countries display the most sound macro-economic fundamentals?

Monetary•Excess Liquidity•Change in Liquidity

Which countries display the most benign liquidity conditions?

MASAM Model inputs

9

Qualitative Inputs

• The team uses its experience to time the implementation of ideas from the model

• Fundamental research inputs act as a quality control check

• Qualitative inputs include factors not included in the model, such as politics

• Field trips provide important information that supplements the quantitative signals from our MASAMmodel, as well as an opportunity to double check some of the data locally

• Trips also give the manager a flavour for the main factors currently affecting a country and its market,helping to give ‘colour’ to the model

10

Portfolio Construction

Basis of Construction

• Focus on opportunities where valuation is cheap relative to other markets and to its own history

• Active country bets are concentrated and high conviction

• Range of Delta-1 instruments (futures, ETFs, GDRs) used

Portfolio Parameters

• Number of markets: ≥ 8

• High conviction approach – zero weightings are possible

• Maximum single market allocation: Capped at 25%

• Maximum exposure to ETFs: 10%

• Maximum exposure to unapproved securities (MSCI OPALS): 10%

• Currency risk unhedged

11

Fund Positioning

12

13Source: Internal, April 2011.

.

Overweights in the

fund come from the

highest ranking

countries

Underweights in the

fund come from the

lowest ranking

countries

MASAM - Emerging Markets Country Model

13

Country Final Value Macro Earnings Monetary Technical Momentum Quality

1. Argentina 770 80 48 70 75 4 52 57

2. Egypt 721 88 26 34 60 96 100 85

3. Israel 649 69 38 55 26 87 81 28

4. Czech Rep 635 82 31 21 42 87 22 52

5. Poland 628 65 42 57 44 39 15 41

6. Singapore 610 65 68 51 33 44 41 24

7. Pakistan 592 64 36 48 56 61 37 94

8. Russia 578 51 48 73 77 15 4 59

9. China 571 56 79 60 43 78 56 31

10. Korea 561 53 55 64 50 39 7 17

11. Hungary 558 67 48 29 31 52 11 59

12. Taiwan 550 58 57 47 32 83 67 35

13. Turkey 544 58 41 46 64 43 93 50

14. South Africa 524 53 45 50 45 50 26 74

15. Brazil 510 54 67 44 56 61 48 61

16. Morocco 501 53 41 44 50 57 59 94

17. Thailand 485 46 52 54 59 24 19 48

18. Jordan 480 54 42 34 60 98 96 35

19. Colombia 475 33 65 81 60 28 85 6

20. Hong Kong 467 43 53 55 68 69 63 39

21. Mexico 453 37 52 65 57 31 30 74

22. India 446 35 55 68 57 57 33 74

23. Malaysia 437 39 57 56 57 31 44 28

24. Indonesia 393 28 66 65 69 19 78 91

25. Philippines 325 30 51 38 27 50 70 33

26. Chile 254 19 54 39 33 30 74 11

27. Peru 250 17 74 43 64 61 89 98

Current Emerging Markets Strategy

Source: Internal; ranking and strategy displayed as at April 2011. Our exposure to Developed Market stocks is a legacy issue and is in the process of being reduced. Hong Kong officially equals zero in MSCI EMF; however we have shown the weighting of H shares listed in Hong Kong for liquidity purposes, and to allow us to take advantage any valuation disparities between Hong Kong and China.

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Country Final Score Fund Index Active

1. Argentina 770 5.1% - 5.1%

2. Egypt 721 4.5% 0.4% 4.2%

3. Israel 649 4.8% - 4.8%

4. Czech Rep 635 5.4% 0.4% 5.0%

5. Poland 628 6.5% 1.6% 4.9%

6. Singapore 610 4.1% - 4.1%

7. Pakistan 592 - - -

8. Russia 578 9.7% 7.3% 2.4%

9. China 571 6.3% 6.8% -0.5%

10. Korea 561 11.3% 14.4% -3.1%

11. Hungary 558 2.7% 0.4% 2.3%

12. Taiwan 550 13.8% 10.9% 2.9%

13. Turkey 544 - 1.4% -1.4%

14. South Africa 524 3.8% 7.4% -3.7%

15. Brazil 510 8.8% 16.0% -7.2%

16. Morocco 501 - 0.2% -0.2%

17. Thailand 485 - 1.7% -1.7%

18. Jordan 480 - - -

19. Colombia 475 - 0.8% -0.8%

20. Hong Kong 467 8.6% 10.7% -2.1%

21. Mexico 453 - 4.4% -4.4%

22. India 446 - 7.5% -7.5%

23. Malaysia 437 - 2.9% -2.9%

24. Indonesia 393 - 2.4% -2.4%

25. Philippines 325 - 0.5% -0.5%

26. Chile 254 - 1.5% -1.5%

27. Peru 250 - 0.6% -0.6%

Developed 3.1% - 3.1%

Cash 1.6%

Style Characteristics

Emerging Market Equities

Value Fund Benchmark*

PE (UBS) 10.1 11.0

Yield 3.8 2.9

Price / Book 1.7 2.1

EV / EBIT 9.3 10.2

Growth

Historic Earnings Growth (UBS) 9.4 13.0

Forecast Earnings Growth (UBS) 14.2 17.0

Forecast Dividend Growth 10.6 15.6

Quality

Return on Equity (UBS) 17.2 19.2

Dividend Cover (UBS) 2.6 3.1

Debt / Equity Ratio 29 25

Risk

Tracking Error 4.61

Source: Ignis Risk Team – Monthly Report (based on UBS PAS Database) as at 31/03/11. *MSCI Emerging Markets.

15

Performance Review

16

17

+85.74%Simulated Model +60.42% EM Index +53.39% Ignis Int’l EM Fund

MASAM “Alpha” Simulation Record

Important Note: The simulation shows a model portfolio rebalanced monthly which applies an index + 5% weighting to each of the top eight ranked emerging markets inMASAM. This overweight allocation is sourced equally (by percentage) from the lowest 8 ranked markets; occasionally we required the next few lowest ranked markets tofully fund our overweight allocation. While this high conviction approach is similar to that used in our live fund, it excludes any cash allocation and DM stock selection. Indexused is the MSCI Emerging Markets Index (NR). No deductions have been made for transaction costs, and all returns are in Euros and displayed GROSS.

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EM Index % Model "Alpha" %

Q1'06 9.18 8.53 -0.65

Q2'06 -9.46 -8.06 1.40

Q3'06 5.87 7.95 2.08

Q4'06 12.98 9.86 -3.11

Q1'07 1.29 5.84 4.56

Q2'07 13.31 14.94 1.63

Q3'07 8.66 3.41 -5.25

Q4'07 0.81 -0.33 -1.14

Q1'08 -17.88 -16.16 1.72

Q2'08 -0.29 -0.57 -0.28

Q3'08 -18.06 -13.79 4.28

Q4'08 -26.84 -29.70 -2.86

Q1'09 5.69 2.14 -3.55

Q2'09 27.54 36.43 8.89

Q3'09 16.02 18.84 2.82

Q4'09 10.59 11.32 0.73

Q1'10 8.58 11.64 3.06

Q2'10 1.22 0.26 -0.96

Q3'10 5.90 6.87 0.97

Q4'10 9.23 12.33 3.1060

80

100

120

140

160

180

Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Mar-08 Jun-08 Sep-08 Dec-08 Mar-09 Jun-09 Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10

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MASAM Simulation – Peer Group Context

Important Note: The simulation shows a model portfolio rebalanced monthly which applies an index + 5% weighting to each of the top eight ranked emerging markets in MASAM.This overweight allocation is sourced equally (by percentage) from the lowest 8 ranked markets; occasionally we required the next few lowest ranked markets to fully fund ouroverweight allocation. While this high conviction approach is similar to that used in our live fund, it excludes any cash allocation and DM stock selection. No deductions have beenmade for transaction costs. Returns are shown in Euros and NET of fees.

*Source : Internal and DataStream as at 31/12/10. All returns are annualised in Euros and NET of fees. Period to end December 2010; Since inception, 01/01/06. The Ignis International Emerging MarketsFund launched on19/12/05. The Emerging Markets strategy applicable from 01/01/06.

The above track record compares the Ignis International Emerging Markets Fund versus the MSCI Emerging Markets, with the fund valued at 12 noon. The simulated Emerging Markets Model Fund hasbeen theoretically valued at close of business. Lipper Peer Group ranking compares each of the funds net of fees relative to the relevant Peer Group net of fees, in Euros priced at 12 noon and is forindicative purposes only.

Past Performance is not a guide to the future. The value of capital and any income from it can fall as well as rise and is not guaranteed. Performance is shown for demonstration purposes only.

1 year* 2 years* 3 years* 4 years* Since Inception Cumulative

Ignis Int’l Emerging Markets Fund 23.19 43.68 4.09 6.83 7.02 40.43

Lipper %’tile Ranking 63 62 13 31 63 63

Simulated Emerging Markets Model 33.40 56.26 6.97 11.10 12.35 78.97

Lipper %’tile Ranking 8 8 7 5 7 7

Global Emerging Markets Median 24.53 45.47 -0.31 5.33 7.84 45.91

MSCI Emerging Markets (NR) 27.13 48.28 2.58 7.93 9.91 60.42

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YTD 1 year 2 years 3 years 5 yearsAnnualised

since inceptionCumulative

since inception

Emerging Markets -0.49 13.13 44.45 10.28 7.59 8.39 52.64

MSCI Emerging Markets -3.53 12.96 41.67 8.23 7.23 8.67 54.75

MSCI Emerging Markets Value -2.78 13.45 43.08 10.16 9.09 10.53 69.18

Lipper Q’tile Rank 1 1 1 1 1 2 2

Global Growth 0.64 8.13 40.19 4.46 -0.84 4.60 35.50

MSCI World -0.93 8.18 27.17 3.48 -1.12 3.10 22.92

MSCI World Value 0.12 6.53 27.57 2.40 -2.13 2.76 20.16

EAFE Focus -0.01 9.04 40.95 7.94 1.68 7.20 57.12

MSCI EAFE -2.28 5.29 26.31 0.62 -1.87 4.58 33.76

MSCI EAFE Value -1.17 3.18 26.68 0.04 -2.76 3.96 28.74

MASAM Strategies: Past Performance

The above track records are comprised of the Ignis Global Growth Fund (a UK domiciled unit trust which is not registered for distribution outside the UK) , the Ignis InternationalEmerging Markets Select Value Fund and Ignis EAFE portfolio (please note this is not a regulated fund available for investment), versus the appropriate benchmarks all priced at closeof business.

Source : Internal and DataStream as at 31/03/11. All returns are in EUR and Gross of fees. Excluding Year To Date and cumulative figures, all returns are annualised as at month end.

The Ignis Global Growth Fund launched on 07/05/87. The Global Equity strategy applicable from 01/07/04. The Ignis International Emerging Markets Fund launched on 19/12/05. TheEmerging Markets strategy applicable from 01/01/06. Until December 2010 the fund was able to invest up to 20% in developed market stocks, this is in the process of being reduced.

The Ignis EAFE Portfolio launched on 30/09/04. The EAFE strategy applicable from 01/10/04.

Lipper Peer Group ranking compares each of the funds net of fees relative to the relevant Peer Group net of fees, in Euros priced at 12 noon and is for indicative purposes only.

Past Performance is not a guide to the future. The value of capital and any income from it can fall as well as rise and is not guaranteed. Performance is shown for demonstrationpurposes only.

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Summary

• Transparent, repeatable process

• Discipline provided by quantitative screening

• Process successfully used in portfolios for more than 20 years

• Long-term track record of outperformance

• High conviction portfolio

• Alpha driven by market selection

• Value and mean reversion style within markets

A different approach to managing emerging market equities

20

Biographies

21

Global Equity Team

James Smith, Head of Global FundsInvestment experience: 25 yearsWith Ignis: 8 yearsMBA, ASIP

After graduating with an MBA from Edinburgh University in 1984, James became an equity portfolio manager forSchroders in London. From 1987 to 1992 he was a senior portfolio manager at Murray Johnstone, responsible for globalfunds for North American clients. In 1992 he co-founded Blairlogie Capital Management which was backed and majority-owned by PIMCO, and was Chief Investment Officer until Blairlogie was acquired by Ignis in 2001. James is part of thebroad asset allocation committee while he is also responsible for regional equity allocation and his role includes managingGlobal/EAFE/Emerging Markets funds. He has a BSc in Economics from London University and is an Associate of the UKSociety of Investment Professionals and a Fellow of the Chartered Insurance Institute.

Iain McMillan, Investment AnalystInvestment experience: 4 yearsWith Ignis: 4 yearsBA (Hons)

Iain graduated form Glasgow Caledonian University in 2006 with a BA Honours degree in Financial Services. He joinedIgnis Asset Management in September 2006 as a trainee Investment Manager in the Global Funds team. His dutiesinclude the checking and input of data into the MASAM quantitative model used for market and sector allocation. In 2009Iain completed the Chartered Financial Analyst examinations, and is working towards his Charter.

Ross McFarlane, Investment ManagerInvestment experience: 24 yearsWith Ignis: 4 yearsBSc

Ross graduated from Strathclyde University in 1983 with a BSc in Mathematics. He worked for three years at StandardLife as a trainee actuary, before joining Murray Johnstone, initially as an investment analyst for US equities, then as aportfolio manager for Japan equities. It was during this time that Ross and James Smith first worked together.

In 1992 he joined Blairlogie Capital Management, with responsibility for the firm’s equity investments in Japan and abroad range of Asian markets. He was there until 2001 when Blairlogie was acquired by Ignis. Subsequently, he becamepart of Ignis’ Japan equity team, with responsibility for sector analysis and portfolio management.

Ross left Ignis in 2006 to join Russell Investments as portfolio manager for their Japan equity multi-manager funds, wherewe has responsible for all aspects of fund construction. In addition to the multi-manager funds he managed Japan equityportfolios. He has been investing in Japan since 1988, making him one of the longest serving practitioners in Japaneseequities. He rejoined Ignis in December 2010.

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Appendices

23

Appendix 1: Fund Profile

Currency share class

Class Unit Type ISIN Bloomberg Ticker Management Fee

€ AAccumulation IE00B0S5R505 - 1.5%

Distribution IE00B0S5R612 - 1.5%

€ IAccumulation IE00B0S5QZ30 BREMKIA ID 0.75%

Distribution IE00B0S5R059 - 0.75%

Domicile:Legal form:Launched:Business year:Base currency (share currencies):Valuation:Dealing time:Sales registration:Benchmark:

Ireland (SICAV)UCITS III16th Dec 200531st MarchEuro (€, GBP, USD)Daily; 12noon (GMT)11am (GMT)AUT, BEL, FRA, FIN, DEU, GGY, ITA, IRL, JEY, LUX, NLD, NOR, ESP, SWE, CHE, GBRMSCI Emerging Markets (Net Total Return)

24

“Value?! Emerging Markets are all about growth stocks…”

0.9

1

1.1

1.2

1.3

1.4

1.5

1.6

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Value vs. Growth

MSCI EM Value / MSCI EM Growth

Source: Datastream, graph internally produced.

Appendix 2: Value vs. Growth

25

“Top down?! In Emerging Markets you have to dig deep to win big…”

0.9

0.95

1

1.05

1.1

1.15

1.2

1.25

1.3

1.35

1.4

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Large Cap vs. Small Cap

MSCI EM Large Cap / MSCI EM Small Cap

Source: Datastream, graph internally produced.

Appendix 3: Large Cap vs. Small Cap

26

27

Appendix 4: Delta 1 - Investment Products

Source: Internal. *Weight sourced from Datastream and represents the index weight of each country within MSCI Emerging Markets as at February 2011, and is for indicative purposes only. The availability of Delta 1 products is the primary consideration. Cost, liquidity, and tracking error relative to MSCI are additional factors taken into account when deciding on the most appropriate method of investment. 27

Weight* Futures ETF's MSCI OPALS

Argentina 0.0% ●

Brazil 14.2% ● ● ●

Chile 1.7% ●

China 6.8% ● ● ●

Colombia 0.8% ●

Czech Republic 0.4% ●

Egypt 0.4% ●

Hong Kong 11.0% ● ● ●

Hungary 0.4% ●

India 7.2% ● ●

Indonesia 2.3% ● ●

Israel 0.0% ●

Malaysia 3.0% ● ● ●

Mexico 4.7% ● ● ●

Morocco 0.2%

Peru 0.7% ●

Philippines 0.5% ●

Poland 1.8% ● ●

Russia 7.3% ● ● ●

Singapore 0.0% ● ● ●

South Africa 7.5% ● ● ●

South Korea 14.3% ● ● ●

Taiwan 11.8% ● ● ●

Thailand 1.6% ● ● ●

Turkey 1.5% ● ●

∑ 100%

Product Index Coverage 93.5% 98.6% 85.0%

Cross-product Index Coverage 99.8%

Appendix 5: Chronology of MASAM

1988 Developed Market MASAM platform, created at Murray Johnstone Investment Management

1992 Blairlogie Capital Management formed, and SEC registration gained

1992 Emerging Market MASAM added to Investment Platform

1993 MASAM approach marketed and sold to institutional clients

2000 Regional Sector approach adopted as supplement to Country Model in developed markets

2001 Blairlogie Capital bought by Ignis Asset Management

2003 Decision to extend role of regional sector MASAM from supplement, to driver of investment decisions

2004 Model portfolio established to examine ‘full cycle’ power of MASAM; country, sector and stock selection in DM

2004 Decision to take back responsibility for stock selection after impressive model results

2010 Process continues to be employed across a range of strategies - Global, EAFE, World x UK, Emerging Markets

28

29

Appendix 6: MASAM Outperformance Generation Record

29

Important note: The outperformance shown above is calculated by comparing the equally-weighted mean return of the top group of MASAM versus the MSCIEmerging Markets index. This is not a “back test”. These were actual monthly rankings during the period. The top group “portfolio” was rebalanced monthly andexcludes transaction costs. The purpose of this slide is simply to demonstrate the consistency and value added from MASAM as a selection tool over a long period oftime. It is not our suggestion that we will have an equally-weighted portfolio nor that we would achieve such large “alpha”. That would be impractical due to factorssuch as liquidity, trading costs, rebalancing issues and an unacceptably high TE. In our view none of this detracts from our belief that MASAM is a tried and testedselection tool which can be used to generate alpha on a consistent basis.

MSCI EM % Model % Outperformance %

1990 -13.76 4.81 18.57

1991 55.97 98.42 42.45

1992 9.05 -3.75 -12.80

1993 71.26 92.97 21.71

1994 -8.67 23.99 32.66

1995 -6.94 2.37 9.31

1996 3.92 41.93 38.01

1997 -13.41 25.03 38.44

1998 -27.52 -35.64 -8.12

1999 63.70 56.33 -7.37

2000 -31.80 -29.61 2.19

2001 -4.91 9.28 14.19

2002 -7.97 18.29 26.26

2003 51.59 79.15 27.56

2004 22.45 29.11 6.66

2005 30.31 21.90 -8.41

2006 29.18 44.21 15.03

2007 36.49 42.79 6.30

2008 -54.48 -55.00 -0.52

2009 74.48 83.59 9.11

2010 16.36 26.74 10.38-20.00

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10

"A

lph

a" %

Re

turn

MASAM Model Outperformance

Appendix 7: Data Sourcing

• MASAM data is drawn from a long list of reputable and well-known data vendors

– MSCI, IFC, IBES, Consensus Economics and Starmine

• The quality of emerging market information has improved steadily since MASAM was first designed in 1988, but it is still not perfect

• Therefore we still crosscheck and “clean”* the data where necessary so we have as fair and accurate a basis for market selection as possible

• We supplement the quantitative MASAM screen with a qualitative aspect utilising the fund manager’s expertise

*Although our data vendors are usually reliable we naturally cross check for errors, and make occasional adjustments to any outliers which may distort the overall ranking process. For example,should the Price/Book (relative to history) ratio of a stock be excessive, either positively or negatively, we apply a default value to reduce the net impact of this stock specific metric on theoverall country.

30

Disclosure

31

This presentation has promotional purposes and is intended as a summary. It does not constitute an invitation, offer, solicitation or recommendation to purchase or sell shares in the Fund. It is onlyintended for distribution to Investment Professionals. Distribution of this presentation and the offering of shares in certain jurisdictions may be restricted by law and accordingly persons into whosepossession this presentation comes are required to inform themselves about and to observe such restrictions. The views expressed do not constitute investment advice. This presentation does not formany part of any contract for the sale or purchase of any investment.

Subscriptions in the Funds are only valid if made on the basis of the current Prospectus, the Supplement to the Prospectus, the most recent financial reports and the Simplified Prospectus which areavailable on our website www.ignisasset.com/international

Tax assumptions and reliefs depend upon an investor’s particular circumstances and may change if those circumstances or the law change. Potential investors must consult their financial & tax advisersbefore purchasing or selling shares in the Fund.

The Ignis Global Growth Unit Trusts are UK-domiciled and are not registered for sales outside the UK.

The Fund is currently registered for sale in the following countries, Austria, Belgium, France, Finland, Germany, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden, Switzerland and the UK. Copies ofall relevant scheme documentation can be obtained free of charge from the locally appointed paying agents. Austrian Paying Agent: Bank of Austria, Creditanstalt, 9991/AMG, PO Box 35, A-1011 Vienna;Belgium Paying Agent: Fastnet Belgium SA, B-1000 Brussels, Avenue de Port 86C, b320; French Paying Agent: Société Générale SA, 29 Boulevard Haussmann, F-75009 Paris; German Information Agent:Société Générale SA, Frankfurt Branch, Mainzer Landstr. 36, D-60325 Frankfurt; Luxembourg Paying Agent: Société Générale, 11 Avenue Emile Reuter, L-2420 Luxembourg; Netherlands Paying Agent:ING Bank NV, Van Heenvlietlaan 220, Location Code BV.06.01, NL-1083 CN Amsterdam; Spanish Paying Agent: RBC Dexia Investor Services España SA, Fernando el Santo 20, ES-Madrid; Swedish PayingAgent: SEB Merchant Banking, Securities Services, Global Funds, RA6, Rissnelden 110, SE-106 40 Stockholm, Sweden; Swiss Representative: First Independent Fund Services Ltd., Klausstrasse 33, CH-8008Zurich. Paying Agent in Switzerland is NPB Neue Privat Bank AG, Limmatquai 1, P.O. Box, CH-8022 Zurich.

Performance data does not take into account the commissions and costs incurred on the issue and redemption of shares in the Fund. The value of an investment and the income from it can fall as well asrise and you may not get back the amount originally invested. Past performance does not guarantee future returns.Exchange rate movements may cause the value of overseas investments to fluctuate. The use of independent ratings is not a recommendation to buy and is not a guide to future returns.

Ignis International Funds plc is an open-ended investment company with variable capital incorporated in Ireland with registered number 410033 Registered Office: 1 Grand Canal Square, Grand CanalHarbour, Dublin 2, Ireland. Authorised and regulated by the Irish Financial Regulator. It is established in Ireland with the purpose of providing a range of UCITS compliant investment funds for distributionto investors across Europe. This document has been issued by Ignis Investment Services Limited on behalf of Ignis International Funds plc. Registered in Scotland Number SC101825. Registered Office:50 Bothwell Street Glasgow G2 6HR. Authorised and regulated in the United Kingdom by the Financial Services Authority.Ignis Alternative Funds plc is an open ended investment company with variable capital incorporated in Ireland with registered number 410031 established as an umbrella fund with segregated liabilitybetween sub-funds. Registered Office: 1 Grand Canal Square, Grand Canal Harbour, Dublin 2. Authorised and regulated by the Irish Financial Regulator.Ignis Asset Management is the trading name of the Ignis Asset Management Limited group of companies which includes Ignis Asset Management Limited, *Ignis Investment Services Limited and *IgnisFund Managers Limited. Issued by Ignis Investment Services Limited. Registered in Scotland Number SC101825. Registered Office: 50 Bothwell Street, Glasgow G2 6HR

*Authorised and regulated by the Financial Services Authority.