MAGNA MENA FUND REACHES 3 YEAR ANNIVERSARY

MAGNA MENA FUND REACHES 3 YEAR ANNIVERSARY AND MANAGER

RECEIVES AAA RATING FROM CITYWIRE

19 May 2014 - Charlemagne Capital is pleased to announce that its Magna MENA Fund has reached its three year anniversary. In conjunction with this, the portfolio adviser, Akhilesh Baveja, has been recognised by Citywire with a AAA rating.

The Fund has delivered top quartile performance within its Morningstar peer group since inception, year to date and across one year and three year time periods achieving consistently strong outperformance versus the S&P Pan Arab Index since its inception.

The Magna MENA Fund aims to deliver long-term capital growth by investing in a focused yet diversified portfolio of MENA (Middle East and North Africa) Securities. Like the other funds within the Charlemagne Magna range, the strategy is to drive returns through a disciplined, bottom up, quality driven approach.

Julian Mayo, Co-CIO of Charlemagne Capital (UK) commented:"Over the past three years the Magna MENA Fund has consistently delivered market beating performance for investors. The depth of our coverage of these markets has also contributed to our Global Emerging Markets strategies.

"The fortunes of the MENA region are improving. 2013 was a strong year for the area and this has continued into 2014 with MSCI moving Qatar and Dubai from Frontier to Emerging Market status from the end of this month. With renewed optimism surrounding the prospects for a number of the Arab transition countries, we are confident that we can continue to produce good returns by investing in well-managed companies in the region."

* Annualized data (EUR / Magna MENA Fund N Class shares Net Returns)

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Enquiries:

Charlemagne Capital

Varda Lotan Tel. 020 7518 2100

Smithfield Consultants Tel. 020 7360 4900

John Kiely

Ged Brumby

N+1 Singer (Nominated Adviser) Tel. 020 7496 3000

Jonny Franklin-Adams

Nick Donovan

Notes to editors:

Charlemagne Capital is a specialist emerging markets asset manager, entirely independent of any other group, with a team of dedicated investment professionals at its heart.

The Company's sole focus is the management of emerging market assets, with a variety of products designed to meet the needs of its clients. Charlemagne has a heavy bias towards equities, though it also has some exposure to property and bonds.

Charlemagne Capital was established in 2000; with its shares traded on the Alternative Investment Market (AIM) in London since 2006. Charlemagne personnel own approximately 35% of the issued share capital of the company.