RBC Migration: Further Information

As recently communicated, the administrator for all the Foord global and international funds will change to RBC Investor & Treasury Services (RBC) from 1 July 2017. This announcement contains further information for investors.

Single Collections Bank Account: Change in Bank Details

From 1 July 2017, Foord will maintain a single set of collections bank accounts with RBC (in US dollars, Singapore dollars, euro and sterling) to receive investor monies for all funds, irrespective of their jurisdiction. The details of these accounts are set out below in the section titled “STANDARD SETTLEMENT INSTRUCTIONS EFFECTIVE 1 JULY 2017”.

Please provide this information to your bank when instructing it to remit the monies via the globally-accepted SWIFT financial messaging service.

The bank accounts currently in use will be closed at the end of June 2017. Any investor monies deposited into the old bank accounts on or after 1 July 2017 may be returned to the sender and may not automatically be transferred to the RBC single collections account for investment.

Dealing Arrangements During Migration to RBC

Investors should continue to send redemption and subscription requests to the current service providers making use of the existing bank accounts until 28 June 2017. Redemption and subscription requests received by JTC, FundBPO and Credit Suisse before the ruling cut-off times on 28 June 2017 will be accepted and settled by the existing service providers.

Dealing will be suspended on 29 and 30 June 2017.

Subscription and redemption requests received by JTC, FundBPO and Credit Suisse after the respective cut-off times on 28 June 2017 until 30 June 2017 midnight, will be forwarded to RBC. RBC will process these requests as of Monday, 3 July 2017.

Subscription and redemption requests received by existing service providers after midnight on 30 June 2017 will not be accepted. Investors will be invited to resend their dealing requests to RBC.

Communications

The revised transaction forms will be published on www.foord.com on Friday, 30 June 2017 but will also be available on request from Foord next week. Please do not submit these forms to existing service providers.

 The contact details of the various agent offices are as follows:

Foord has set up a toll-free hotline to assist with investor queries before, during and after the service provider migration. Investors can access the international toll-free number on +800 6521 1100 after dialling out of their home country (for example, in South Africa investors should dial “00” first). This hotline will operate during office hours in Singapore and South Africa from 19 June until 14 July.

New Investor Numbers

We expect RBC on or after Monday, 3 July to issue statements as at 30 June 2017 to all investors. Please check these statements for accuracy and completeness. These statements will reflect the new investor numbers which should be quoted on all future correspondence.

Standard Settlement Instructions effective 1 JULY 2017

To facilitate the timely processing of payments to RBC Investor & Treasury Services (RBC I&TS) in its capacity as Transfer Agent, please include the necessary information in your Standard Settlement Instructions effective 1 July 2017 as outlined in the table below. Incomplete information may result in processing delays or rejections of payments.

RBC I&TS makes use of correspondent/intermediary banks. Please ensure that full details of the correspondent bank account and the beneficiary (Foord collections account) and the investor’s name as reference are included in all payment instructions.

RBC I&TS will additionally require you to include the following information within your payment instructions to comply with regulations on anti-money laundering and counter-terrorism financing.

* The payment format should be adequate to enable an accuracy check on the payee/beneficiary

AN EXAMPLE OF A USD ‘MT103 SWIFT’ INSTRUCTION:

Note: Field tag 50 should be completed by the remitting bank, providing details of your bank account number and your particulars maintained on its internal records.