On 23 March 2020, the Malta Financial Services Authority ("MFSA” or “the Authority”) has imposed the following regulatory action against AIS Capital Management Investment Fund SICAV P.L.C. (“AIS”):

a) The Authority has found AIS to be in breach of a number requirements related to Corporate Governance and Compliance emanating from Part BI of the Investment Services Rules for Professional Investors Funds hereinafter referred to as “The Rules”. The identified deficiencies relate to the requirements under: SLC 1.23, SLC1.29, SLC 1.88 and SLC 1.89 of the Rules. Additionally, the Authority has decided that AIS has demonstrated a lack of cooperation in terms of the requirements stipulated under Article 13(1)(ii)(b) of the Investment Services Act (“ISA”). The Company has therefore failed to comply with the Investment Services Act (“ISA”) and the Investment Services Rules under the ISA.

b) The MFSA has decided to cancel AIS’s collective investment scheme licence in terms of Article 7(3)(b) and 7(3)(d) of the Investment Services Act.