Surrender of Licence by Fortelus Capital Management Limited
NOVEMBER 11, 2014

This notice is to make the general public aware that Fortelus Capital Management Limited (“the Company”) recently requested the Malta Financial Services Authority (“MFSA”) to accept the surrender of the Category 2 investment services licence. The MFSA has accepted the Company’s request. This surrender is entirely voluntary and does not arise as a result of any regulatory action taken by the MFSA. Accordingly, with effect from 11 November 2014, the Company ceased to be licensed by the MFSA.

MFSA Ref: 81-2014