Shareholder Circular correction

Shareholder Circular correction

With reference to the Circular dated 23 September 2015 regarding the proposed internalisation, the net assets of the Investment Manager, which will be acquired at book value, as at 31 March 2015 should read c.€6,574,228 (not c.€8,596,450 as previously stated) and included €5,771,792 due in respect of performance fees payable to the Investment Manager under the Investment Management Agreement for the year ended 31 March 2015, together with cash of c.€993,054 and other net assets of c.€-190,618 (not c.€1,831,604 as previously stated).

All other terms within the Circular remain as published.