Surrender of Licence by NEF Funds SICAV Ltd
DECEMBER 21, 2012

This notice is to make the general public aware that NEF Funds SICAV Ltd (“the Scheme”) recently requested the Malta Financial Services Authority (“MFSA”) to accept the surrender of the collective investment scheme licence granted in relation to NEF BlueMountain Commodities Fund (“the Sub-Fund”). The MFSA has accepted the Scheme’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 21st December, 2012, the Sub-Fund ceased to be licensed by the MFSA.

MFSA Ref: 71-2012