Special announcement on the extension of the suspension of distribution

Dear Clients, Investors,

Aegon Hungary Investment Fund Management Company Limited by Shares (hereinafter referred to as “Company”) hereby informs its investors that the Company submitted an application – with reference to 116.§ (1) of Collective Investment Act. for the extension of the suspension of continuous distribution of the Aegon Russia Equity Investment Fund (hereinafter as “the Fund”) which suspension has been announced on 24 February 2022, with reference to 114. § (1) a) of the Collective Investment Act. The National Bank of Hungary (NBH) accepted the application in its decision No.: H-JÉ-III-20/2022., and allowed to extend the suspension of continuous distribution of the Fund until the reasons for the suspension cease to exist, but no later than 25 March 2023.

The provision of the decision is available at the following link:

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Reason for suspension:

After the Russian-Ukrainian military conflict started the Company has not been able to reach the necessary information to trade on the Russian markets due to the suspension of the Moscow Stock Exchange and the restrictions imposed by the Russian Central Bank, which have made it impossible to access the local equity markets for the Company.

It is not possible to determine the net asset value of the series of the Fund, as the the turnover of more than 10% of the equity capital of the investment funds has been suspended.

Based on the above mentioned decision of the NBH the Company must provide detailed information supported by documents to  the NBH on a monthly basis  confirming the reasons of the suspension, give information about any possible changes and also about the measures made in order to restart the continuous distribution. Furthermore the Company must immediately inform the NBH if the circumstances justifying the suspension have ceased to exist.

Once the reasons for the suspension are gone, the Company shall restart the continuous distribution of the Fund without any delay, and at the same time it shall inform the Investors and the NBH.

The Company informs the NBH as its Supervisory Authority, and the Distributors of the Fund about the above mentioned extension of the suspension of the distribution.

Budapest, 28 March 2022.

Aegon Hungary Investment Fund Management Company Limited by Shares