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Neptune Africa -U merger details

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group Neptune Investment Management
Fund Name Neptune Africa -U
Type of change Merger
Date merger effective from 3 May 2016
Deadline for investors to switch out if appropriate 29 April 2016
Is the event subject to shareholder approval? Yes
2. Merger details  
Name of the new fund (the fund that the previous fund is being merged into) Neptune Emerging Markets -U
Will the phasing option automatically continue with the new fund replacing the previous fund? Yes
Will the rebalancing option automatically continue with the new fund replacing the previous fund? Yes
Will ongoing direct debit payments automatically be redirected into the new fund? Yes
3. Fund objectives  
Previous fund objective To generate capital growth from investing predominantly in the securities issued by African companies or issued by companies that derive a significant proportion of their income or economic activity from Africa with a view to attaining top quartile performance within the appropriate peer group.
New fund objective To generate capital growth with the potential for income by investing predominantly in emerging market securities, or securities that derive a significant proportion of their income or economic activity from emerging markets, with a view to attaining top quartile performance within the appropriate peer group.
4. Charging structure  
Unbundled Fund  
Previous AMC 0.75%
New AMC 0.75%
Previous TER 1.08%
New TER 1.18%
Previous Reimbursed Rebate Rate(Charge Basis 3) 0.00%
New Reimbursed Rebate Rate (Charge Basis 3) 0.00%

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