Citadele Bank (Estonia)

Investment Funds of CBL Asset Management IPAS to be Merged and Shares of Two Classes to be Issued

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The Council of the Financial and Capital Market Commission of the Republic of Latvia (‘the FCMC’) has authorised a domestic merger of Investment Fund’s ‘CBL Eastern European Fixed Income Funds’ Sub-funds ‘CBL Eastern European Bond Fund – EUR’ and ‘CBL Eastern European Bond Fund – USD’ managed by CBL Asset Management IPAS.

Following the best international practice in the area of investment funds, CBL Asset Management IPAS is the first investment management company established in Latvia, which is going to create an investment fund with classes of shares in different currencies. As a result of the merger more efficient management of the investment portfolio will be ensured. Share-holders of the existing funds are not required to make any activities in connection with these changes. Basically the changes will appear as the renaming of the existing shares only.

Namely, the name of Sub-fund ‘CBL Eastern European Bond Fund – USD’ will be changed to ‘CBL Eastern European Bond Fund’, and the fund created as a result of the merger will issue shares of two classes: R Acc USD and R Acc EUR (hedged). The shares of Sub-fund ‘CBL Eastern European Bond Fund – EUR’ (ISIN LV0000400174) will be exchanged for ‘CBL Eastern European Bond Fund’ R Acc EUR (hedged) Class shares, and the shares of Sub-fund ‘CBL Eastern European Bond Fund – USD’ (ISIN LV0000400125) will be exchanged for ‘CBL Eastern European Bond Fund’ R Acc USD Class shares.

Full text of the notice to investors about the merger of the UCITS proposed by CBL Asset Management IPAS is available at the Management Company’s website www.cblam.lv/lv/investment-funds/bond/eastern-european-usd in Section ‘Documents’.

CBL Asset Management IPAS is a company of AS Citadele banka Group. CBL Asset Management IPAS ensures management of the state-funded pension schemes, management of the funds established by the company and investment portfolio management both for local and international private, corporate and institutional customers.

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