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RETAIL FUNDS | Cesar Tordesillas, Singapore

Lion Global Funds to be terminated

Lion Global Funds will be terminated with effect from 30 April 2011.

As at 31 December 2010, the total net asset value of each Sub-Fund has fallen below S$5million. As a result, the expense ratio of the respective Sub-Funds has been consistently high.

The group believes that at such a high expense ratio, the Sub-Funds will not provide a favourable level of return to its Unitholders, and it would be prejudicial to your interests as a Unitholder for the Sub-Funds to continue operating.

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