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Prospectus

  • Section .Information on the Issuer

  • Section B.Characteristics of the Unit Investment Fund

  • Section C.Funds Regulations
  • Investment declaration

  • Section D.Information on the Issue of Funds Investment Certificates

  • Section E.Information on the Previous Issue of Funds Investment Certificates

  • Section F.Information on Depository Institution

  • Section G.Information on the property independent appraiser

  • Section H.List of Stock Exchanges and OTC Markets, Where Funds Investment Certificates Are Placed

  • Section I.Information on the Custodian

  • Section J.Information on the Auditor

  • Section K.Information on the securities traders who place and redeem Funds investment certificates.

  • Section L.Information on the securities traders servicing the Funds assets.



    PROSPECTUS
    Investment Certificates Issue
    of the Open-End Diversified Unit Investment Fund KINTO-Equity
    of the Open Joint Stock Company ʲNTO
    (public offering)

    Section . Information on the Issuer

    1. Full name: Open Joint Stock Company KINTO
    Short name OJSC ʲNΔ.

    2. Registration Code () 16461855.

    3. Organizational and legal form - open joint stock company

    4. Location - 2 Lysenko St., Kyiv, Ukraine

    5. Tel: (044) 246-73-50

    6. Fax: (044) 235-58-75

    7. Date and the institution of the state registration: registered as a legal entity by the Pechersk District State Administration in Kyiv on 23 March, 1992; Pechersk District State Administration in Kyiv on 21 April, 2008 changed the legal entity state registration Certificate.

    8. Information on the managers:

    Name

    Education

    Qualification

    Direct participation in the statutory fund (%)

    Indirect participation in the statutory fund (%)

    Oksanych Sergiy Mykhailovych

    Higher

    Economist

    28.7485

    1.3173

    Fedorenko Anatoliy Vasyliovych

    Higher

    Economist

    12.8866

    -

    Radzievska Nadiya Victorivna

    Higher

    Economist

    2.9167

    -

    Veremienko Sergiy Mykolaovytch

    Higher

    Economist

    0.2045

    -

    Peter Goldsheider
    (citizen of Austria)

    Higher

    Lawyer

    0.0001

    18.1818

    Lukasevych Vasyl Bogdanovych

    Higher

    Economist

    1.9816

    -

    Moskalenko Svitlana Mykolaivna

    Higher

    Economist

    0.0273

    -

    Shynkevych Yuri Petrovitch

    Higher

    Mechanical Engineer

    1.1448

    2.7279

    Novikov Olexandr Mykolaovitch

    Higher

    Economist

    1.2636

    -

    Vasylyieva Irina Michaylivna

    Higher

    Linguist

    1.0549

    -

    Shuran Oksana Nestirivna

    Higher

    Economist

    2,7279

    1,1448

    Kanevska Natalya Yuhumivna

    Higher

    Philologist

    1,6023


    9. Joint Stock Company Ukrainian Innovation Bank is the founder of the Open-end Open Joint Stock Company ʲNΔ (The Company). The share of the Ukrainian Innovation Bank at the statutory capital of KINTO is 1,01%.

    10. Information on proprietors and the affiliated persons:

    Information on proprietors and KINTO President

    Group

    Full name of legal entity proprietor (shareholder, participant) of declarant or full name individual entity proprietor (shareholder, participant) and manager of declarant

    Registration Code () of

    legal entity proprietor of declarant or identification code of individual entity

    Location of legal entity or passport information of individual entities which information is given in relation to

    A particle is in the chartered capital of KINTO, %

    Proprietors of individual entities *:

    83.99

    Oksanych Sergiy Mykhailovych

    2040704877

    Passport series 873577, Issued in Kiev on 11/12/01

    28.75

    Daniel Goldscheider

    d/i

    Passport series P, AUT, number #H 05195520, issued by Austrian embassy in Zurich on 08/05/01.

    Switzerland, Oberwil,

    Zeughausgass 19. 6300 Zyg.

    18.18

    Fedorenko Anatoliy Vasyliovych

    1800907019

    Passport series 296999, issued in Kyiv on 24/12/99

    12.89

    B

    Proprietors are legal entities:

    16.01

    ATLAS GLOBAL VENTURES, INC

    20 Queen ST West Toronto Ontario Canada

    2.27

    Joint-stock commercial bank Lisbank

    d/i

    31 Artema St., Kyiv

    0.03

    Joint stock company Postup

    d/i

    1 Privokzalna Sqr., Mikolaiv

    0.01

    Closed joint stock company Finance and Credit

    d/i

    27, Getmana St.,

    0.13

    JSC Ukrinbank

    05839888

    01601, 12a Instytutska St., Kyiv

    1.00

    Open joint stock company Oksana Plus

    21561056

    04074, 8 Rezervna St., Kyiv

    0.00

    Joint company Fantom

    d/i

    9 Frunze St., Lugansk

    0.02

    Joint company Diamed

    d/i

    117a Cheluskinciv St., Donetsk

    0.05

    "KINTO Invest, Ltd"

    32915716

    01034, 2/1 Lysenka/Yaroslaviv Val St, Kyiv

    12.50

    Satelit-3 Invest Ltd

    21626465

    04074, 8 Rezervna St., Kyiv

    0.00

    C

    KINTO President:

    Oksanych Sergiy Mykhailovych

    2040704877

    Passport series 873577, Issued in Kiev on 11/12/01

    28.75

    Total

    100.00


    Information on the affiliated persons of founders of KINTO individual entity *

    Full name individual entity founder of declarant and its direct relatives, group of the affiliated persons

    Identification code

    Character of legal entity in relation to which exists tie-up

    Registration Code () of

    legal entity in relation to which exists tie-up

    Full name of legal entity in relation to which exists tie-up

    Location of legal entity in relation to which exists tie-up

    A particle in the chartered capital of the affiliated person %

    Post is in the affiliated person

    1

    Oksanych Sergiy Mykhailovych

    2040704877

    o

    32915716

    "KINTO Invest, Ltd"

    01034, 2/1 Lysenka/Yaroslaviv Val St, Kyiv

    -

    General Director

    2

    Oksanych Sergiy Mykhailovych

    2040704877

    m

    16461855

    Open Joint Stock Company KINTO

    01034, 2/1 Lysenka/Yaroslaviv Val St, Kyiv

    28.75

    President

    * The direct relatives of founder KINTO do not relate control above any legal entities

    ** s securities traders, r independent registrars, m asset management companies, d depositorys, c custodians, t trading platforms, i independent appraisers of property, auditors, o other economic society (if the particle of person or groups of the persons related to it in him exceeds 20%)

    Information on legal entities in which proprietors of KINTO legal entities are take part *

    * Proprietors of KINTO legal entities do not take participating in other legal entities-residents of Ukraine

    Information on the legal entities in which AMC owners legal entities- participate

    , *

    * Legal entities do not carry out control above KINTO.

    Information on persons which own more than 20% the statutory fund of legal entities - founders of KINTO *

    * Legal entities do not carry out control above KINTO.

    Information on legal entities, in what KINTO takes part

    Registration Code () or identification code of the affiliated person

    Character of legal entity in relation to which exists tie-up*

    Registration Code ()

    legal entity in relation to which exists tie-up

    Full name of legal entity in relation to which exists tie-up

    Address of legal entity in relation to which exists tie-up

    A particle is in the chartered capital, %

    1

    16461855

    o

    21465022

    Profit, Ltd

    2/1 Lysenka/Yaroslaviv Val St, Kyiv

    99.9944

    o

    32915716

    "KINTO Invest, Ltd"

    2/1 Lysenka/Yaroslaviv Val St, Kyiv

    80.26

    o

    21561062

    Joint-stock company -3

    18 Chigorina St., Kyiv

    27.00

    s

    35138108

    Fundstore, Ltd

    40 Phrunze St., Kyiv

    20.00

    * s securities traders, r independent registrars, m asset management companies, d depositorys, c custodians, t trading platforms, i independent appraisers of property, auditors, o other economic society (if the particle of person in him exceeds 5%)

    Information on the affiliated persons of KINTO President *

    Name of KINTO President and his direct relatives

    Identification code

    Character of legal entity in relation to which exists tie-up **

    Registration Code () of

    legal entity in relation to which exists tie-up

    Full name of legal entity in relation to which exists tie-up

    Location of legal entity in relation to which exists tie-up

    A particle is in the chartered capital of the linked person %

    Post is in the affiliated person

    1

    Oksanych Sergiy Mykhailovych

    2040704877

    32915716

    "KINTO Invest, Ltd"

    01034, 2/1 Lysenka/Yaroslaviv Val St, Kyiv

    -

    General Director

    2

    Oksanych Sergiy Mykhailovych

    2040704877

    m

    16461855

    Open Joint Stock Company KINTO

    01034, 2/1 Lysenka/Yaroslaviv Val St, Kyiv

    -

    President

    * The direct relatives of KINTO President do not relate control above any legal entities.

    ** s securities traders, r independent registrars, m asset management companies, d depositorys, c custodians, t trading platforms, i independent appraisers of property, auditors, o other economic society (if the particle of person or groups of the persons related to it in him exceeds 20%)

    11. List of investment funds under Companys management:

    - "Dostatok" Fund (Interval Diversified Unit Investment Fund), registration code (вѲ) 221004, Certificate 4 dated 11.03.2003.;

    - "Classical" Fund (Open-end Diversified Unit Investment Fund), registration code (вѲ) 211045, Certificate 45 dated 11.05.2004.;

    - "Narodny" Fund (Interval Diversified Unit Investment Fund), registration code (вѲ) - 221396, Certificate 396 dated 27.06.2006.;

    - KINTO Capital" (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (вѲ) 132073, Certificate 73 dated 05.08.2004.;

    - "KINTO Equity " Fund (Open-end Diversified Unit Investment Fund), registration code (вѲ) 2111312, Certificate 1312 dated 12.03.2009.;

    - Synergy Bond Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (вѲ) - 132100, Certificate 100 dated 22.12.2004.;

    - Synergy Real Estate Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (вѲ) - 132194, Certificate 194 dated 29.07.2005.;

    - Synergy-3 Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (вѲ) - 132354, Certificate 354 dated 14.04.2006.;

    - Synergy-4 Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (вѲ) - 132636, Certificate 636 dated 03.05.2007.;

    - Synergy-5 Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (вѲ) - 132808, Certificate 808 dated 15.10.2007.;

    - Synergy-7 Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (вѲ) - 1321029, Certificate 1029 dated 11.04.2008.

    Section B. Characteristics of the Unit Investment Fund

    1. Name Open-End Diversified Unit Investment Fund KINTO Equity (The Fund).

    2. Registration code (вѲ) 2111312.

    3. Date and the Number of the Certificate on receiving registration code (вѲ) March 12, 2009, 1312.

    4. Achievement of the Funds activity standards up to 12 September 2009.

    5. On the date of making a decision on approval of the Fund Prospectus the Supervisory Board has not been elected.

    Section C. Funds Regulations

    These Regulations for the Open-End Diversified Unit Investment Fund KINTO Equity of the Open Joint Stock Company KINTO (Regulations) are based on the following Ukrainian laws: On Securities and Stock Exchange, On the National Depositary System and Electronic Transactions With Securities in Ukraine, On Collective Investment Institutions (unit and corporate investment funds) and Rulings by the State Securities and Stock Market Commission (Commission). These Regulations aim to regulate creation and functioning of the Open-End Diversified Unit Investment Fund KINTO Equity of the Open Joint Stock Company KINTO (the Fund).

    1. Information on the unit investment Fund and Fund;s investment certificates.

    1.1. Name of the Fund:

    1.1.1. Full name of the Fund Open-End Diversified Unit Investment Fund KINTO Equity

    1.1.2. Short name: ODUIF KINTO Equity

    Full name and short name of the Fund are aquivallent

    1.2. Type of the Fund - Open-End.

    1.3. Kind of the Fund Diversified.

    1.4. The Fund is considered as established from the date of its registration in the institutes of collective investment State register.

    1.5. Face Value UAH 1 000 (one thousand)

    1.6. Form of issuance of the Funds investment certificates Nominal Shares.

    1.7. Form of the Funds investment certificates Non-documentary.

    2. Information on the asset management company:

    2.1. Full name Open Joint Stock Company KINTO (the Company)

    2.2. Registration Code () 16461855

    2.3. Location - 2/1 Lysenka/Yaroslaviv Val St, Kyiv, Ukraine

    2.4. Series, number and date of the License to engage in the professional activities on the stock - asset management activity AB No. 416672, expires 27.01.2011 .

    2.5. President Oksanych Sergiy Mykhailovych

    2.6. Tel: (044) 246-73-50

    2.7. Fax: (044) 235-58-75

    2.8. E-mail: knto@knto.com.

    3. Procedure for Establishing, Responsibilities, Activities and Composition of the Funds Supervisory Board

    3.1. The Funds Supervisory Board (Supervisory Board) is composed of 3 (three) members elected from the number of Funds investors (Investors). The Supervisory Boards objective is to supervise the Funds investment declaration implementation, safekeeping of the Funds assets, registration of the nominal securities owners, Funds audit and Funds assets valuation.

    3.2. Any Funds investor could be elected as a member of the Supervisory Board in case he (she) owns not less than 1 000 (one thousand) investment certificates of the Fund.

    3.3. Among those, who meet the criteria mentioned in paragraph 3.2 of these Regulations, the priority-driven right to become members of the Supervisory Board have those Investors, who own the largest number of the Funds investment certificates.

    3.4. The Supervisory Board is elected annually.

    3.5. The Company on the date of January 20 decides on the Investors, who, according to the paragraph 3.2. of these Regulations have the right to enter the Funds Supervisory Board, and within 5 (five) working days from the mentioned date sends to these Investors by the recommended letter a proposal to become member of the Funds Supervisory Board.

    3.6. The answers on proposal to enter the Supervisory Board are accepted by the Company during 15 (fifteen) working days from the date despatched of this proposal, mentioned in paragraph 3.5. of these Regulations.

    3.7. The Company within five working days (starting from the expiry date of the accepting answers on proposals to enter the Supervisory Board) sends by the recommended letter to those, from whom answers were received:

    - Notification that the Investor has become a member of the Supervisory Board;

    or

    - Notification that according to the paragraph 3.1. and 3.3. of these Regulations the Investor has not become a member of the Supervisory Board.

    3.8. The Company sends invitations not later than 10 (ten) working days before the Boards meeting to be held.

    3.9. An article on elections of the Fund Supervisory Boards Head and a Secretary is required to be on the first Fund Supervisory Board meetings agenda. An article on elections of the Head of the Supervisory Board is required to be the first point on the Board meetings agenda.

    3.10. All Supervisory Boards members present at the meeting elect the Head of the Funds Supervisory Board though a majority. The Head of the Supervisory Board could be re-elected anytime.

    3.11. The Head of the Supervisory Board organizes Boards work, calls meetings of the Supervisory Board, presides over Boards meetings and keeps minutes. If the Head of the Supervisory Board could not participate at the Boards meeting, another Supervisory Boards member acts on behalf of the Head according to the decision taken by the members of the Board.

    3.12. Meeting of the Funds Supervisory Board could also be called on the request of a member of the Supervisory Board, an auditor (auditing company), Funds custodian or the Company itself. An initiator, who called the Fund Supervisory Boards meeting, is required to inform members of the Board by a written letter specifying date, time, location and agenda of the Boards meeting in not less than 10 (ten) working days.

    3.13. The Fund Supervisory Board is authorized to take decisions on the agenda issues only if two thirds of Boards members are present at the meeting.

    3.14. Fund Supervisory Boards terms of reference include:

    - Elections of the Head and Secretary of the Supervisory Board;

    - Ratification of amendments suggested by the authorized Companys body to the Funds Regulations.

    - Ratification of amendments to the Funds investment certificates issue prospectus;

    - Approval of decision on discontinuing agreements with the custodian, registrar and auditor (auditing company);

    3.15. Each Fund Supervisory Boards member has one vote during the Boards meeting.

    3.16. Majority present at the meeting makes Fund Supervisory Boards decisions. The vote of the Head of the Funds Supervisory Board or his representative is conclusive.

    3.17. Minutes of the Fund Supervisory Boards meeting should be finalized in no more than 5 (five) working days after the meeting was held. Minutes should include the following information about the meeting:

    - Location and date;

    - List of attendees;

    - Agenda;

    - Issues to be voted on, vote results and decisions taken. The Head and a Secretary of the Board sign the Fund Supervisory Boards Minutes.

    3.18. The Funds investor could participate at the Supervisory Board directly or act through a representative, authority of whom should be confirmed in accordance with the current legislative norms.

    3.19. If, as a result of alienation of the Supervisory Boards members Funds investment certificates, the number of his/her investment certificates has become less than the number mentioned in the paragraph 3.2 of these Regulations, such a member of the Fund Supervisory Board loses his/her membership. At the same time, the number of Boards members is less than required in the item 3.1 of these Regulations, so the Fund Supervisory Boards meeting could not be held until the minimum required number of members of the Supervisory Board is reached. The Companys Supervisory Board temporarily acts as the Funds Supervisory Board until the Funds Supervisory Board is formed.

    4. The Procedure of the Net Asset Value and Investment Certificates Placement (Redemption) Price Determination.

    4.1. The Fund's net asset value is determined according to the procedure stipulated by the "Regulations on determination of collective investment institutions net asset value" (unit and corporate investment funds) (Regulations). In case the changes are made to these Regulations or in case the regulative acts on changes in the procedure of net assets value determination are approved, the net value of the Fund's assets is determined according to the requirements of legislature in force and corresponding regulative documents.

    4.2. In calculating the Fund's net asset value, the market value of the Fund's securities traded at more than one organized market is valued by the lowest of the last quotations, determined at each market for previous year, taking into account the criteria set by the Regulations.

    4.3. Securities, the circulation of which has been terminated, are included in the Fund's net asset value calculation at the rate of 75% of their book value.

    4.4. In calculating the Fund's net asset ordinary value, equity is valued by the Company:

    4.4.1. At the price of the last market transaction, if it simultaneously complies with the following requirements:

    4.4.1.1 Total sum of the transaction was not less than UAH 5,000 (five thousand);

    4.4.1.2. The transaction was accomplished in no more than 30 (thirty) calendar days before the valuation was made;

    4.4.1.3. The total volume of market transactions for 30 (thirty) calendar days that precede the day of the transaction completion was not less than UAH 10,000 (ten thousand);

    4.4.2. At the last book value - in all other cases.

    4.5. When calculating the net asset value of the Funds assets, the valuation of fixed-income securities is made by the Company:

    4.5.1. At the price of the last market transaction, if it simultaneously meets the following requirements:

    4.5.1.1. The transaction was completed at the day when the valuation was made;

    4.5.1.2. The transaction amount is not less than UAH 10,000 (the thousand);

    4.5.1.3. Total amount of market transactions during 30 (thirty) calendar days which precede the day of the transaction completion was not less than UAH 100,000 (a hundred thousand);

    4.5.2. In all other cases by the formula:

    where:

    V- Calculated value of the security;
    j- Payment (coupon, dividend, depreciation etc) in period j;
    N- Nominal or depreciated value of the security;
    dj- Number of days until the 1st, 2nd.k payment, from the date of calculation;
    dn- Number of days until the maturity (redemption) of the security;
    yM- Yield to maturity, calculated by the formula:

    where:

    P last market transaction price (if this transaction meets the requirements stipulated in items 4.5.1.2. and 4.5.1.3. of the Regulation) or the price of purchase of the security (in case of absence of market transactions or if those do not meet the mentioned requirements );

    Ci payment (coupon, dividend, depreciation etc) in period i;

    di number of days until the 1st, 2nd.n payment, from the date of calculation.

    4.6. In calculating the Fund's net asset value calculated value of the Stock marcet's instrumens by the formula:

    , where:

    V calculated value of the security;

    P price of purchase of the security;

    R price of the maturity (redemption) of the security;

    di number of days from the date of purchase of the security until the date of calculation;

    d number of days from the date of purchase of the security until the maturity (redemption) of the security.

    4.7. The company calculates the net asset value of the Fund:

    - Before the Commission recognizes the Fund as such that meets the minimum asset requirements set up for unit investment funds by current legislature at the end of the last working day of the calendar month and when the Company is requested by the Commission to submit the report on the Funds activities;

    - After the Commission recognizes the Fund as such that meets minimal capital requirements at the end of each working day.

    - Before the Commission recognizes the Fund as such that meets the requirement on the minimal capital requirements at the end of the last working day of the calendar month and when the Company is requested by the Commission to submit the report on the ICI securities placement;

    After the Commission recognizes the Fund as such that meets the minimum assets requirements at the end of each working day, preceding the day of taking applications on placement and redemption of the Funds securities, at the end of the last working day of the calendar month, quarter, year, in case the Company is changed and the fund is liquidated.

    4.8. Before the Commission recognizes the Fund as such that meets the minimum asset requirements, the placement of the Funds investment certificates is performed by the Company at their nominal value.

    4.9. After the Commission recognizes the Fund as such that meets the minimum asset requirements, the placement and redemption of the Funds investment certificates is performed by the Company at their calculated value.

    4.10. The calculated value of the investment certificate is determined as the ratio of the Funds total net asset value to the number of the Funds investment certificates outstanding on the date of calculation.

    4.11. The value of the Fund's investment certificates acquired by the investor (redeemed from the investor) is determined on the basis of the calculated value of the Fund's investment certificates on the day when the investor submits application (for acquiring or redeeming Fund' investment certificates).

    5. The Procedure of Determination of Company's Fee and Covering the Expenses Incurred by the Fund

    5.1. Companys fee is determined depending on the net asset value of the Fund.

    5.2. The Companys Fee is accrued and is paid out monthly by cash assets.

    5.3. Determination of the net asset value for calculation of the Companys fee is made on the basis of information on average monthly net asset value of the Fund as of the end of the last working day of the corresponding month.

    5.4. Finalization of the Companys annual fee is made on the basis of the average annual net asset value calculation taking into account average monthly net asset value estimates.

    5.5. Companys fee may not exceed 5 (five) percent of annual average Fund's net asset value.

    5.6. Management Fee is3.0% of the Funds average Net Asset Value (NAV)

    5.7. Other fees and expenses paid from the Fund's assets:

    - Fee to the Fund's custodian;

    - Fee to the Fund's registrar;

    - Fee to the Fund's auditor;

    - Fee to securities traders;

    - Operating expenses incurred in connection to the functioning of the Fund, including:

    - Registration services (state duties and other similar services);

    - Payment for bank servicing;

    - Notary services;

    - Payment for publications of the required information on the Fund's activities;

    - Informational services (payment for acquiring information regarding the issuers in the securities of which the Fund has allocated or plans to allocate its assets; payment for other information required for collective investment);

    - Advertising services associated with circulation of the Fund's securities;

    - Expenses for servicing the Fund's participants and circulation of securities, including expenses on the interest payments for loans, received by the Company to purchase securities (taking into consideration limitations set up by the current Ukrainian legislature).

    5.8. Expenses specified in item 5.7 of the Regulations (except Companys management fee, taxes and other obligatory payments, stipulated by the law) may not exceed 5 (five) percent of annual average Fund's net asset value during the fiscal year.

    5.9. In case the Company in its own account pays expenses related to the redemption of investment certificates when the Fund is incapable to do this. The associated with the redemption costs should be covered at the expense of the Funds assets later.

    5.10. The Company at its own account pays for other expenses and expenses exceeding the amount specified by legislation.

    6. Procedure and Terms of the Investment Certificates Redemption by the Company

    6.1. The requirement of the Funds investment certificates owner (The Owner) to sell Funds investment certificates is submitted in a form of the Application on the sale of the Funds investment certificates (Application).

    6.2. Application is submitted by the Owner directly to the Company or securities trader - an agent on the placement and redemption of the Fund investment certificates (the Agent) list of which could be found at the Funds prospectus. The Agent acts on behalf, on account and in the interests of the Company.

    6.3. Application is irrevocable.

    6.4. Applications are accepted daily starting from the day when the Commission recognizes the Fund as such that meets the minimum assets requirements specified by the law for unit investment funds.

    6.5. The agreement on the redemption of investment certificates is concluded with the owner simultaneously with the acceptation of the Application.

    6.6. Settlement with the Owner is made during 7 (seven) working days from the day when the mentioned above agreement was concluded with the Owner on the Owners direct request.

    6.7 Settlements with Investor are made through the bank transfer on the Investors bank account or through the transfer from the Agents cash desk. In case the Investor during the term mentioned in p.6.6. of these Regulations does not contact the Company to receive the payment in the mentioned timeframe, payment will be deposited with the notarys office (private notary) at the Investors expense by the time when the notary will transfer payment to the Investor.

    6.8. Redemption of Funds investment certificates is made at the same price for all investors. The price is determined for the day when the Owner submitted the Application compliant with the net asset value.

    6.9. The redemption price is decreased by the amount equalling agents commission specified in the Prospectus. If the settlement with the Investor is made through the Agents cash desk, Agents commission will increase by the amount of the banks fee for the cash withdrawal.

    7. Investment targets.
    Investment targets are determined in the Fund's Investment Declaration, which is a constituent part to the Regulations (See: Investment Declaration, Attachment 1 to the Regulations).

    Attachement 1
    to the Regulations
    of the Open-End Diversified
    Unit Investment Fund KINTO Equity
    of the Open Joint Stock Company ʲNTO


    INVESTMENT DECLARATION
    of the Open-End Diversified Unit Investment Fund
    KINTO Equity
    of the Open Joint Stock Company ʲNTO

    1. Full name of the fund - Open-End Diversified Unit Investment Fund KINTO Equity.

    2. The Fund was founded according to the decision of the general shareholders meeting of the Open Joint Stock Company KINTO (Minutes No.3 dated 9 April, 2008).

    3. The objective of the Fund's activity is raising funds from investors and increasing the value of capital through collective investment activities.

    4. The Funds assets comprise securities (Ukrainian and foreign, state securities guaranteed by the Cabinet of Ministers of Ukraine and municipal) and money market funds, including funds in foreign currency, bank metals.

    5. Assets are invested according to the following proportions:

    no less than 10% monetary funds on separate bank deposits;

    no less than 50% ordinary shares.

    6. The Fund assets may not include:

    - Securities issued by the Company, custodian, registrar, the Fund's audit company and their affiliated persons;

    - Securities of foreign countries and foreign legal entities allowed to be traded at less than two major foreign stock exchanges or trading-informational systems, the list of which is determined by the State Securities and Stock Market Commission;

    - Securities of other collective investment institutions;

    - Derivatives, unless stipulated otherwise by regulative acts of the State Securities and Stock Market Commission;

    - Real estate, alienation of which is prohibited by Ukrainian legislature.

    7. Structure of the Funds assets should correspond to all requirements stipulated by the current legislature on the structure of assets of the diversified unit investment fund.

    8. During the asset management process, the Company adheres to all requirements stipulated by the current legislature on the structure of assets of the diversified unit investment fund.

    Section D. Information on the Issue of Funds Investment Certificates

    1. Total value of the Funds investment certificate - UAH 250,000,000 (two hundred and fifty million).

    2. Number of the Funds investment certificates - 250,000 (two hundred fifty thousand).

    3. Nominal value of the Funds investment certificate - UAH 1000 (one thousand).

    4. Form of the Funds investment certificates non-documentary.

    6. Beginning of placement 14. 05.09.

    7. The planned selling rate of Funds investment certificates:

    Before the Commission recognizes the Fund as such that meets the requirement on the minimal capital requirements - at their nominal value;

    After the Commission recognizes the Fund as such that meets the minimum assets requirements (written notice) - at the price calculated on the Funds total net asset value per one security paper outstanding.

    at the price, which is based on the Funds net asset value per, but not less than the securities nominal value.

    The calculated value of the investment certificate is determined as the ratio of the Funds total net asset value to the number of the Funds investment certificates outstanding on the date of calculation.

    The price of the Funds securities is increased only by the amount of the Agents commission;

    8. Calculated Funds net asset value is offered for public attention at the Companys official web site www.kinto.com.

    9. The investor can buy investment certificates at the following address:

    - Kyiv, 2/1 Lysenka/Yaroslaviv Val St; The calculated value of the investment certificate is determined as the ratio of the Funds total net asset value to the number of the Funds investment certificates outstanding on the date of calculation.

    - Lviv, 42 Saharova St, f. 317;

    - Lviv, 78 Saharova St;

    - Mukolaiv, 1a Dekabristov St;

    - Dnipropetrovsk, 13 Luvarna St;

    - Zaporijie, 91 Gogoly St;

    - Donetsk, 48 Universitetskay St;

    - Cherkassy, 37 B. Vushnevetskogo;

    - Dnipropetrovsk, 48 Komsomolska St.

    10. The procedure of shares placement and payment:

    10.1. Agent is responsible for the placement of the Funds investment certificates.

    The placement of the securities is made by Agents listed in Section K of the regulation

    10.2. A person who is willing to purchase Funds investment certificates (Investor) should submit an Application on the investment certificates purchase (Application on purchase) directly or through the representative, who acts on behalf of the Investor according to the appropriately formalized power of attorney, to the Agent and on the address mentioned above.

    10.3. Applications on purchase are accepted each working day from 1300pm to 1700pm. The

    10.4. Right after the Application for purchase is accepted, the Company signs an Agreement with the Investor on the Funds Investment Certificates Purchase. If the Investor is married at the time when the Agreement is concluded, the Investors spouse should give his (her) consent on signing the mentioned Agreement. Such a consent should be presented in the written form:

    - Simple written form (Investors spouse should be physically present during the Agreement singing process);

    - Notarized written form (presence of the Investors spouse is not required during the process of signing the Agreement). The requirements to the spouses written consent could be found at the Agreement on purchase.

    10.5. While purchasing Funds investment certificates, the Investor is joining the Fund while signing an Agreement on the investment certificates purchase on the following conditions:

    1) The Investor transfers payment for Funds investment certificates to the Company. Funds received from the Investor are allocated on the stock market on the companys discretion according to the directions described at the Investment Declaration;

    2) The Investor gives his (her) consent to the Company to manage Funds assets by signing an Agreement on Purchase of Funds Investment Certificates. Funds assets are comprised of securities and cash, which form the pool of money created as a result of collective investment;

    3) The Companys authority on owning and managing Funds assets are specified at the Agreement on purchase, Funds Regulations and current legislative norms;

    4) Sale of all Funds investment certificates owned by the Investor relieves the Investor from any legal responsibility to the Company;

    10.6. The payment for Funds investment certificates is made by the Investor by paying to the Agents cash-desk or by bank transfer

    10.7. The payment for Funds investment certificates is made by the Investor:

    - In case of the payment in cash: on the date of the corresponding Agreement conclusion;

    - In case of the non-cash payment: not later then during the next working day following the day of signing an Agreement.

    10.8. The Investors name is entered into the register of the Funds investment certificates owners during 7 calendar days from the day the payment for investment certificates was made.

    11. There is no restriction towards minimal amount of the Funds investment certificates that the Investor may purchase.

    12. The Agent's Commission increases the price of the Fund's securities placement (decreases the redemption price) by 1% (one percent).

    13. Rights of Funds investment certificates Owners:

    - Hand over Funds investment certificates for redemption;

    - Become a member of the Funds Supervisory Board according to the Funds Regulations.

    14. Notification on the Funds investment confiscates issue is done by publishing the registered Prospectus in the official printed edition of the State Securities and Stock market Commission within the terms stipulated by current legislature.

    15. The funds attracted from the Funds investment certificates may not be used to cover the Companys losses.

    16. If the Commission declares the issue of the Funds investment certificates invalid, the Company takes the responsibility to return collected money to investors in the time frame that is specified by the law.

    Section E. Information on the Previous Issue of Funds Investment Certificates

    The placement of the investment certificates is done for the first time.

    Section F. Information on the Depository Institution

    - Name Interregional Stock Union;

    - Code 24917996;

    - Location 01032, Kiev, 7b Vetrova St;

    - Phone (044)238-61-92;

    - Fax (044)238-61-94;

    - , ˳糿 189728 as of 07.11.06 .;

    - Term of the License valid until 07.11.16.

    Section G. Information on the property independent appraiser

    The Investment Declaration does not stipulate investments in real estate.

    Section H. List of Stock Exchanges and OTC Markets, Where Funds Investment Certificates Are Placed

    Funds investment certificates are not placed on the stock exchange or over-the-counter market.

    Section I. Information on the Custodian

    - Name Ukrsotsbank;

    - Code 00039019;

    - Location 29, Kovpaka Str., Kyiv;

    - Phone (044) 230-32-43;

    - Fax (044) 230-32-57;

    - Series, number and date of issue of the License on securities issuance and circulation AB 376969 as of 13.10.07;

    - Term of the License valid until 13.10.12.

    Section J. Information on the Auditor

    - Name Auditing Company Ukraudit XXI;

    - Code 22964908;

    - Location 3 Nekrasivska Str, Kyiv;

    - Phone (044) 235-78-58;

    - Fax (044) 235-78-55;

    - Number and date of issuance of the registration certificate 0701; dated 26.01.01;

    - Term of the Certificate 15.12.10;

    - Number and date of issuance of the Certificate about including to the register the auditor to conduct verifications of public accountants of the financial institutions on professional stock market - 120, Certificate AB 000105 dated 22.02.07;

    - Term of the Certificate - 15.12.10.

    Section K. Information on the securities traders who place and redeem Funds investment certificates.

    - Name - "KINTO", Ltd".

    - Code - 19263860.

    - Location - 2/1 Lysenka/Yaroslaviv Val Str., Kyiv.

    - Telephone - (044) 246-37-31.

    - Series, number and date of issue of the License on securities issuance and circulation - 189785 dated 20.11.06.

    - Term of the License - until 09.09.10.

    2. Name Basis;

    Code 19358916;

    Location 61002, 88 Sumska Str., Kharkiv;

    Phone / Fax (057) 714-28-70/714-28-70;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity underwriting 376978 as of 16.10.07, Term of the License valid until 16.10.2012;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity - brokerage 376976 as of 16.10.07, Term of the License valid until 16.10.2012.

    3. Name MAXIMUM-KAPITAL;

    Code 35501976;

    Location 79012, - Lviv, 42 Saharova Str;

    Phone / Fax (032) 242-36-07;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: underwriting 393875 as of 30.01.08, Term of the License valid until 30.01.13;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 393873 as of 30.01.08, Term of the License valid until 30.01.13.

    4. Name KREDOBANK;

    Code 09807862;

    Location 79026, Lviv, 78 Saharova Str;

    Phone / Fax (032) 297-27-79/297-27-48;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: underwriting 376651 as of 19.10.07, Term of the License valid until 20.10.12;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 376649 as of 19.10.07, Term of the License valid until 20.10.12.

    5. Name Fundstore;

    Code 35138108;

    Location 04080, Kiev, 40 Phrunze Str;

    Phone / Fax (044) 229-37-14;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: underwriting 393935 as of 21.02.08, Term of the License valid until 20.09.12;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 393934 as of 21.02.08, Term of the License valid until 20.09.12.

    6. Name KVADRO;

    Code 24997771;

    Location 49000, Dnipropetrovsk, 13 Luvarna Str;;

    Phone / Fax (056) 370-17-25/234-18-77;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: underwriting 456890 as of 19.01.09, Term of the License valid until 19.01.14;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 376679 as of 16.10.07, Term of the License valid until 16.10.12.

    7. Name Stock company Pilot;

    Code 25479222;

    Location 69002, Zaporijie, 91 Gogoly Str;

    Phone / Fax (061) 220-80-90/214-99-35;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: underwriting 440397 as of 17.11.08, Term of the License valid until 16.10.12;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 440395 as of 17.11.08, Term of the License valid until 16.10.12.

    8. Name Donfinservice;

    Code 32757972;

    Location 83050, Donetsk, 48 Universitetskay Str;

    Phone / Fax (062) 337-09-39/337-35-20;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: underwriting 189920 as of 02.02.07, Term of the License valid until 02.02.12;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 189918 as of 02.02.07, Term of the License valid until 02.02.12.

    9. Name Finance company Delta;

    Code 35158559;

    Location 18000, Cherkassy, 37 B. Vushnevetskogo Str;

    Phone / Fax (0472) 33-09-41/33-09-42;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: underwriting 397887 as of 16.04.08, Term of the License 16.04.13;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 318468 as of 26.06.07, Term of the License valid until 26.06.12.

    10. Name Evrobroker;

    Code 32781036;

    Location 49022, . Dnipropetrovsk, 2 Molodogvardeyska St.

    Phone / Fax (0562) 31-69-81;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: underwriting 318020 as of 07.02.07, Term of the License valid until 07.02.12;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 318019 as of 07.02.07, Term of the License valid until 07.02.12.

    Section L. Information on the securities traders servicing the Funds assets.

    1. Name ʲN, Ltd;

    Code 19263860;

    Location 01034, Kyiv, 2/1 Lysenko/Yaroslaviv Val str.;

    Phone / Fax (044) 246-37-31;

    Series, number and date of issue of the License on securities issuance and circulation 189785 as of 20.11.06, Term of the License valid until 09.09.10.

    2. Name Satelit-3;

    Code 21626465;

    Location 04074, Kyiv, 7b Vetrova Str.;

    Phone / Fax (044) 246-74-34;

    Series, number and date of the License to engage in the professional activities on the stock securities trading activity: brokerage 376625 as of 16.10.07, Term of the License valid until 16.10.12.

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    Kinto, Investment & Securities in Ukraine
    Disclaimer
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    Kyiv, Ukraine 04070
    Tel.: +380 (44) 462-5377, 462-5140

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