NOTIFICATION OF TRANSFORMATION

            Dear Clients,

          From its very establishment, UBB Asset Management has one mission – to be an innovative and responsible partner, putting you and your objectives at the center of each one of our solutions. As a part of the KBC Belgium group, we have established ourselves as leaders in the Bulgarian financial market and we will continue our development, keeping the interests of our clients as our main priority.

The situation in Bulgaria and around the world has significantly changed in recent years. Base interest rates are around or below zero, putting pressure on interest rates on deposits and bond yields and market dynamics has intensified as a result of the pandemic. This made us reconsider our approach to investing your funds so that they continue to work as efficiently as possible in the future.

We have the pleasure to inform you that we are about to take this much-needed step forward in order to continue to increase the quality and efficiency of our products and services: UBB Asset Management will restructure the mutual funds UBB Platinum Euro Bond, UBB Balanced Fund, UBB Premium Equity, UBB Patrimonium Land, UBB Global Farm Invest, UBB Global Child Fund, UBB Global Growth, and UBB Global Dividend („Restructuring Funds“) through merger into the mutual fund UBB Platinum Bonds („Accepting Fund“).

As a next step, the mutual fund UBB Platinum Bonds (the „Accepting Fund“) will change its name to MF UBB Platinum Bulgaria and will be transformed into a supply fund. As a supply fund it will raise funds in Bulgaria and will invest at least 85% of them in the Belgian mutual fund Horizon Platinum Portfolio (“Main Sub-Fund”), managed by KBC Asset Management N.V., Belgium.

The investment policy of Horizon Platinum Portfolio has been adapted to the new challenges under the conditions of low interest rates and in order to increase the potential for profitability the portfolio shares will be increased to the target rate of 30% and the target rate for bonds will be 70%. In order to provide added value with a local effect, the fund plans to actively invest in Bulgaria and Eastern Europe in support of the local market.

MF UBB Platinum Bulgaria (“Supply fund”) maintains a defensive profile, which means that it will be suitable for both clients with defensive and with dynamic profiles. The transformation expenses will be borne entirely by KBC Asset Management N.V., Belgium.

Please read the Information for Shareholders, in which we have provided a detailed description of the changes for the holders of each of the converting funds, including benefits, expenses and risks. The document Information for Shareholders can be found at www.ubbam.bg, in the News section and can be downloaded on electronic media as a PDF file. At the same place you can also find additional information about the Funds Transformation and the Transformation of MF UBB Platinum Bulgaria into a supply scheme, as well as an updated Document with key information for investors, updated prospectus and Rules of MF UBB Platinum Bulgaria.

If you believe that the new fund MF UBB Platinum Bulgaria does not fully meet your objectives, you can transfer your investments until 04.11.2021 to another fund which is distributed by United Bulgarian Bank AD (UBB AD), or you can sell the shares you own in the above said restructuring funds without any additional fees. If you do not exercise your right of redemption by 04.11.2021, you should keep in mind that after 12.11.2021 your shares in the above-mentioned restructuring funds will be automatically transferred and replaced by shares of UBB Platinum Bulgaria.

Shareholders can obtain free of charge hard copies of both the Information for Shareholders document itself, and additional information about Restructuring and Transformation, in case they prefer this method of receiving information, in all branches and offices of the distributor UBB AD.

In case of any questions, the experts of our distributor UBB AD are at your disposal.

Notification of Transformation

Investors Information

Key Information for Investors UBB Platinum Bulgaria Mutual Fund