UOB AM – United Global Telecoms Fund – Change of Benchmark

Shareholder Notification

UOB Asset Management Ltd (the “Managers”), the managers of the Fund, are writing to inform you that the Fund’s benchmark will be changed to “MSCI ACWI communication Services Sector Index”. Prior to 3 Dec 2018, the benchmark of the Fund was MSCI ACWI Telecoms( formerly known as “MSCI All Countries World Index (ACWI) Telecoms Index”)

The rationale for such change is that the GLobal Industry Classification Standard (“GICS”) has broadened the Telecommunications Services Sector and has renamed it to COmmunication Services to include companies that facilitate communication and offer related content and ifnormation through various media.

Please note that there is no change to investment objective, focus and approach of the Fund.

For more details, please read the shareholder notification.

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