ANNOUNCING PORTFOLIO MANAGER AND MANAGEMENT COMPANY CHANGE

The Portfolio Manager was Commerzbank AG London Branch and is now Lyxor International Asset Management (‘LIAM’). LIAM is a wholly owned subsidiary of Société Générale Group.

The Management Company was Commerz Fund Solutions S.A. (CFS) and is now Lyxor Funds Solutions S.A. (LFS). LFS is a wholly owned subsidiary of LIAM.

Further details about the Management Company and the Portfolio Manager can be found in the Fund brochure, which can be accessed from the link below:

www.structuredproductsfund.com/fund-literature

These changes have occurred as a result of the purchase of Commerzbank’s Equity Markets & Commodities business by Société Générale.

Please note that you should see virtually no difference to the day to day running of the fund, and the Fund’s total expense ratio (TER ) will not alter as a result of these changes.

Please contact your consultant, if you have any further questions.