The Capital Market Authority has updated and amended these

instructions in order to help Investment Fund Managers to fully comply

with the provisions of the Capital Market Law and its Implementing

Regulations. This also aims to enhance transparency and disclosure in the

Exchange and to assist investors to make their investment decisions based

on complete and clear information.

These Instructions define the fundamental elements that shall be

included in all Investment Funds Announcements.

a. Announcement Website:

• - The Fund Manager’s website.

• - And the Exchange’s website, or any other website available to the public

  according to the controls set out by the Authority (where applicable)

b. The title of the Announcement shall read as follows:

• ” (The Fund Manager’s Name) announces a conflict of interest in (The

  Fund’s Name)”.

c. The Detailed Announcement:

• “(The Fund Manager’s Name) announces a conflict of interest in (The

  Fund’s Name) as follows: (State the details of the conflict of interest as

  approved or endorsed by the Board of Directors of the relevant Fund)”

a. Announcement Website:

• - The Fund Manager’s website.

• - And the Exchange’s website, or any other website available to the public

  according to the controls set out by the Authority (where applicable)

b. The title of the Announcement shall read as follows:

• “Announcement by (The Fund Manager’s Name) regarding (The Fund’s

  Name)'s termination or the end of liquidation period

c. The Detailed Announcement:

• “(The Fund Manager’s Name) announces of (The Fund’s Name)'s

  termination or the end of liquidation period on (**/**/**** H.),

  corresponding to (***/***/*** G)”.

a. Announcement Website:

• - The Fund Manager’s website

• - And or any other website available to the public according to the controls

  set out by the Authority

b. The title of the Announcement shall read as follows:

• “Announcement by (The Fund Manger’s Name) regarding the

  appointment of (name of replacement Custodian) as a Custodian of (The

  Fund’s Name)”

c. The Detailed Announcement:

• “(The Fund Manger’s Name) announces the appointment of (name of

  replacement Custodian) as a Custodian of (The Fund’s Name) as of: day,

  date (**/**/**** H.), corresponding to (**/**/**** G)”

a. Announcement Website:

• - The Fund Manager’s website

• - And the Exchange’s website, or any other website available to the

  public according to the controls set out by the Authority (where

  applicable)

b. The title of the Announcement shall read as follows:

c. “Announcement by (The Fund Manager’s Name) regarding the

distributions of Fund’s dividends to the Unitholders of (The Fund’s

Name)”

d. The Detailed Announcement:

“(The Fund Manager’s Name) announces the distribution of cash

dividends to the Unitholders of (The Fund’s Name) for (the dividends

maturity period) as follows:

• 1. Total distributed dividends... (Currency)

• 2. Cash Distributions shall be based on... (Number of units) outstanding

  units.

• 3. The amounts of dividends distributed is... (Currency) for each unit.

• 4. The distribution ratio is... % of the net asset value as on “day, date

  (**/**/**** H.), corresponding to (**/**/**** G)”

• 5. Cash distribution entitlements to unitholders shall be based on the

  unitholder register on the end of “day, date (**/**/**** H.),

  corresponding to (**/**/**** G.)”

• 6. Distributions will be paid within (number of days).

The Fund Manager would like to remind the unitholders to update their

information with Capital Market Institution, where their accounts are

being held, to ensure the direct deposit of their due distributions”.

a. Announcement Website:

• - The Fund Manager’s website

• - And the Exchange’s website, or any other website available to the

  public according to the controls set out by the Authority (where

  applicable)

b. The title of the Announcement shall read as follows:

• “Announcement by (The Fund Manager’s Name) regarding a change of

  the membership of the Board of Directors of (The Fund’s Name)”

c. The Detailed Announcement:

• “(The Fund Manager’s Name) announces a change in the membership

  of the Board of Directors of (The Fund’s Name) due to

  (resignation/removal/appointment/death) of board member (name of

  member) (membership status: Independent/dependent) from

  (**/**/**** H.), corresponding to (**/**/**** G.). The formation of

  the Board of Directors, after the change, shall be:

  • 1- (name of the member) (membership status:

    Independent/dependent)

  • 2- (name of the member) (membership status:

    Independent/dependent)

  • 3- (name of the member) (membership status:

    Independent/dependent)”

a. Announcement Website:

• - The Fund Manager’s website

• - And the Exchange’s website, or any other website available to the

  public according to the controls set out by the Authority (where

  applicable)

b. The title of the Announcement shall read as follows:

• “Announcement by (The Fund Manager’s Name) regarding an update

  of the terms and conditions of (The Fund’s Name)”

c. The Detailed Announcement:

• “(The Fund Manager’s Name) announces an update of the terms and

  conditions of (The Fund’s Name) as of (***/***/***H) corresponding

  to (**/**/**** G.)”. A summary of the main updated items are as

  follows: (.....................................................)

The updated terms and conditions can be found in the attached file.”