Surrender of Licence by Velocity One Fund SICAV plc
OCTOBER 30, 2008

This notice is to make the general public aware that the Velocity One Fund SICAV plc (“the Scheme”) recently requested the Malta Financial Services Authority (“MFSA”) to accept surrender of the collective investment scheme licence granted in relation to the Scheme. 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 the 23rd October, 2008, the Scheme ceased to be licensed by the MFSA.