Ashburton Investments SICAV – Africa Equity Opportunities Fund ("the Fund") – liquidation update

On 12 July 2019, we announced that the Ashburton Investments SICAV – Africa Equity Opportunities Fund would be liquidated on 12 August 2019. We confirm that the liquidation has now taken place and all shareholder holdings in the Africa Equity Opportunities Fund have been redeemed and 95% of the redemption proceeds will be paid to shareholders on 16 August 2019. Due to partial liquidity constraints of the underlying portfolio, the remainder of the redemption proceeds will be paid to shareholders once the balance of assets in the portfolio have been sold and a further update will be posted on the Company News section.