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Prospectus


  • Section A. Information on the issuer
  • Section B. Information on the asset management company
  • Section C. Regulations
    Investment declaration
  • Section D. Information on the announced issuance of the Fund's shares
  • Section E. Information on the registrar
  • Section F. Information on the independent property appraiser
  • Section G. List of trading platforms where the Fund’s shares were or are sold
  • Section H. Information on the Custodian
  • Section I. Information on the auditor
  • Section J. Information on the securities trader

    Approved by
    KINTO, Ltd.
    Lisence on securities issuance and
    circulation: ÀÂ ¹189785 dated 20.11.2006

    PROSPECTUS
    Open Joint Stock Company
    Closed-End Non-Diversified Corporate
    Investment Fund «Synergy-7»
    (public offering)

    Section A. Information on the issuer

    1. Name:

    Full - Open Joint Stock Company Closed-end Non-Diversified Corporate Investment Fund "Synergy-7";

    Short - "Closed-end non-diversified corporate investment fund "Synergy-7", OJSC; (the "Fund").

    2. Registration Code (ªÄÐÏÎÓ) – 35744353.

    3. Location - 01034, 2/1 Lysenka/Yaroslaviv Val St, Kyiv.

    4. Tel/fax: (044)246-73-50/235-58-75.

    5. Registered as a legal entity by the Shevchenivsky District State Administration in Kyiv on February 18, 2008.

    6. Number and Date of state registration as a Fund (ªÄвѲ) - ¹1029, 11 April 2008.

    7. Registration Code (ªÄвѲ) - 1321029.

    8. Fulfillment of the Fund’s activity standards: until October 11, 2008.

    9. Activity - collective investment aimed at getting profit from attraction of investors’ funds into securities of other issuers and corporate rights.

    10. Objective - carrying out collective investment.

    11. Registered statutory fund in accordance with the Fund’s Charter – UAH 250 700,000,00 (two hundred and fifty million seven hundred thousand).

    12. Paid-up statutory fund in accordance with the Fund’s Charter – UAH 700,000,00 (seven hundred thousand)

    13. Termination date – 18 May 2013.

    14. Date of the beginning of settlements with shareholders - no later than 17 November 2013.

    15. Information on the Chairman and Fund's Supervisory Board:

    Name

    Passport details

    Education

    Qualification

    Ovcharenko Volodymir Viktorovich

    Passport series CH ¹770983, Issued in Kiev on 16/04/98

    High

    Engineer-physicist

    Ragozina Larysa Sergiivna

    Passport series ÑÍ ¹423117, issued in Kyiv, 25.02.97

    High

    Design engineer

    Temper Olexsandr Mykhaylovich

    Passport series ÑÍ ¹56206, Issued in Kiev 12/12/95

    High

    Mechanical Engineer

    16. List of founders holding over 5 per cent of the Fund’s statutory capital: “KINTO Invest” Ltd., Registration Code (ªÄÐÏÎÓ) - 32915716.

    17. Information on the affiliated persons:

    - “KINTO Invest” Ltd., Registration Code (ªÄÐÏÎÓ) – 32915716;

    - Closed joint stock company “Ukrainian ecological insurance company”, Registration Code (ªÄÐÏÎÓ) – 30729278;

    - Open joint stock company “Closed-End Non-Diversified Corporate Investment Fund “KINTO Capital”, Registration Code (ªÄÐÏÎÓ) – 32980900;

    - OJSC, Closed-end Non-Diversified Corporate Investment Fund “Synergy Bond” Fund registration code (ªÄÐÏÎÓ) - 132100;

    - Open joint stock company “KINTO”, Registration Code (ªÄÐÏÎÓ) – 16461855;

    - Ovcharenko Volodymir Viktorovich, Passport series CH ¹770983, issued in Kiev on 16/04/98.,

    Section B. Information on the asset management company

    1. Name:

    Full - "KINTO", Open Joint Stock Company;

    Short - "KINTO", OJSC, ("Asset Management Company").

    2. Registration Code (ªÄÐÏÎÓ) - 16461855.

    3. Organizational and legal form - open joint stock company.

    4. Location, address - 26 Lesya Ukrainka Bld., Kyiv.

    5. Tel/fax: (044) 246-73-50/585-41-28.

    6. E-mail: kinto@kinto.com.

    7. Date and authority of state registration - registered by the Executive Committee of Pechersk Administration on 23 March, 1992, re-registered by Pechersk State Administration on 8 January, 2003.

    8. Information on the managers:

    Name

    Direct participation in the statutory fund (%)

    Indirect participation in the statutory fund (%)

    Oksanych Sergiy Mykhailovych

    -

    -

    Fedorenko Anatoliy Vasyliovych

    -

    Radzievska Nadiya Victorivna

    -

    Veremienko Sergiy Mykolaovytch

    -

    -

    Peter Goldsheider
    (citizen of Austria)

    -

    -

    Lukasevych Vasyl Bogdanovych

    -

    -

    Moskalenko Svitlana Mykolaivna

    -

    Novikov Olexandr Mykolaovitch

    Yakovenko Ihor Valentynovych

    -

    Vasylyieva Irina Michaylivna

    -

    -

    9. Asset Management Company manages assets of such funds:

    - "Dostatok" Fund (Interval Diversified Unit Investment Fund), registration code (ªÄÐÏÎÓ) - 221004;

    - "Classical" Fund (Open-end Diversified Unit Investment Fund), registration code (ªÄÐÏÎÓ) - 211045;

    - "Narodny" Fund (Interval Diversified Unit Investment Fund), registration code (ªÄÐÏÎÓ) - 221396;

    - “KINTO Capital" (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (ªÄÐÏÎÓ) – 132073;

    - “Synergy Bond” Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (ªÄÐÏÎÓ) - 132100;

    - “Synergy Real Estate” Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (ªÄÐÏÎÓ) - 132194;

    - “Synergy-2” Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund) registration code (ªÄÐÏÎÓ) - 132143;

    - “Synergy-3” Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (ªÄÐÏÎÓ) - 132354;

    - “Synergy-4” Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (ªÄÐÏÎÓ) - 132354;

    - “Synergy-5” Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (ªÄÐÏÎÓ) - 132808;

    - “Synergy-7” Fund (OJSC, Closed-end Non-Diversified Corporate Investment Fund), registration code (ªÄÐÏÎÓ) - 1321029

    Section C. Regulations

    Approved by
    The OJSC Closed-End
    Non-Diversified Corporate
    Investment Fund "Synergy-7"
    Constituent Assembly meeting
    (Minutes No.1 dated 11 February, 2008)

    REGULATIONS
    Open Joint Stock Company
    Closed-End Non-Diversified Corporate
    Investment Fund «Synergy-7»

    1. Information on the Corporate Investment Fund

    1.1. Name of the Fund:

    1.1.1. Full:

    - In Ukrainian - ³äêðèòå àêö³îíåðíå òîâàðèñòâî "Çàêðèòèé íåäèâåðñèô³êîâàíèé êîðïîðàòèâíèé ³íâåñòèö³éíèé ôîíä "Ñèíåðã³ÿ-7";

    - In Russian - Îòêðûòîå àêöèîíåðíîå îáùåñòâî "Çàêðûòûé íåäèâåðñèôèöèðîâàííûé êîðïîðàòèâíûé èíâåñòèöèîííûé ôîíä "Ñèíåðãèÿ-7";

    - In English - Open Joint Stock Company "Closed-End Non-Diversified Corporate Investment Fund "Synergy-7" ("the Fund").

    1.2. Short:

    - In Ukrainian – ÂÀÒ “ÇÍÊ²Ô “Ñèíåðã³ÿ-7”;

    - In Russian – ÎÀÎ “ÇÍÊÈÔ “Ñèíåðãèÿ-7”;

    - In English – OSJC “CNCIF “Synergy-7”.

    1.2. Date and Number of the Fund's registration certificate as a legal entity – February 18, 2008, number of Fund’s registration – 1 074 102 0000 028890.

    1.3. Registration Code (ªÄÐÏÎÓ) - 35744353.

    1.4. Location - 01034, 2/1 Lysenka/Yaroslaviv Val St, Kyiv.

    1.5. Term - 5 (five) years and 3 (three) months starting from the date of the Fund's state registration as a legal entity.

    1.6. Initial statutory fund - UAH 700,000 (seven hundred thousand).

    1.7. Total nominal value of the first issue - UAH 700,000 (seven hundred thousand).

    1.8. Number of shares first issued - 70 (seventy).

    1.9. Nominal value of one share - UAH 10,000 (ten thousand).

    1.10. The form of share issue – documentary.

    1.11. Date and number of the first issuance certificate - March 18, 2008, No 1079.

    2. Information on the Fund's founders

    The Fund Founders are:

    - "KINTO Invest Ltd.", location: Ukraine, 01034, 2/1 Lysenka/Yaroslaviv Val St., Kyiv, Registration Code (ªÄÐÏÎÓ) - 32915716;

    - Open joint stock company “Oksana Plus”, Registration Code (ªÄÐÏÎÓ) – 21561056;

    3. Change of asset management company

    3.1. The asset management company ("The Company") is changed in case of:

    - Approval by the Fund's general shareholders meeting (“General meeting”) of the decision on the early termination of contract with the asset management Company ("Contract on asset management");

    - Decision of the Company to terminate activity on collective investment institutions asset management;

    - Termination or cancellation by the State Securities and Stock Market Commission ("the Commission") of the Company's license on professional stock market activity: collective investment institutions asset management;

    - Company's liquidation.

    3.2. In case the Company is changed, all operations required for termination of the Contract on asset management and fulfilment of obligations stipulated by the Contract on asset management should be implemented. When the Company is changed, all measures stipulated by current legislature and the Contract on asset management aimed at protecting the Fund's shareholders' (“Shareholder”) rights should be taken. In case the regulative acts of the Commission on the procedure on change of the Company on asset management come into force after the Regulations are approved, the change is implemented in keeping with the requirements of the given regulatory acts.

    4. Change of the Fund's custodian

    4.1. The Fund's custodian ("the Custodian") is changed in the case of:

    - Approval by the General meeting of the decision on the early termination of contract with the Custodian servicing the Fund's assets;

    - Decision of the Custodian to terminate the securities custodian depository activity;

    - Termination or cancellation by the State Securities and Stock Market Commission ("the Commission") of the Custodian's license on professional stock market activity: securities custodian depository activity;

    - Custodian's liquidation.

    4.2. In case of the Custodian's change, all operations required for termination of the Contracts between the Fund and the Custodian and fulfilment of obligations stipulated by these Contracts should be implemented. When the Custodian is changed, all measures stipulated by current legislature and the above Contracts aimed at protecting the shareholders rights and timely transfer of assets to new custodian should be taken. In case the regulative acts of the Commission on the procedure of Custodian's change come into force after the Regulations are approved, the change is implemented in keeping with the requirements of the given regulatory acts.

    5. The procedure on determination of the net asset value of the Fund and the Fund's shares placement (redemption) price.

    5.1. 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) approved by the Decision of the State Securities and Stock Market Commission as of 2 July 2002, No. 201 ("Regulations"). In case the changes are made to this Regulation or in case the regulative acts on changes in the procedure of collective investment institutions 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.

    5.2. The Fund's net asset value does not include the value of securities, the issuance registration of which has been cancelled in accordance with the procedure established by legislature.

    5.3. 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.

    5.4. In calculating the Fund's net asset value, common shares are valued by the Company:

    5.4.1. at the price of the last market transaction, if it simultaneously meets the following requirements:

    5.4.1.1. the amount of this transaction made up at least UAH 5,000 (five thousand);

    5.4.1.2. this transaction was made not more than 30 (thirty) calendar days before the day of valuation;

    5.4.1.3. the total amount of market transactions during 30 (thirty) calendar days preceding the day of valuation makes up at least UAH 10,000 (ten thousand);

    5.4.2. at the price of the last book value- in other cases.

    5.5 In calculating the Fund's net asset value, the fixed income securities are valued by the Company:

    5.5.1. at the price of the last market transaction, if it simultaneously meets the following requirements:

    5.5.1.1. this transaction is made on the day of valuation;

    5.5.1.2. the amount of this transaction made up at least UAH 10,000 (ten thousand);

    5.5.1.3. the total amount of market transactions during 30 (thirty) calendar days preceding the day of valuation makes up at least UAH 100,000 (one hundred thousand);

    5.5.2. in other cases - by the formula:

    ,

    where:

    V- Calculated value of the security;

    Ñj- Payment (coupon, depreciation , dividend 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, or offer (issuer’s offer for redemption of bonds before maturity), if such offer exists. Such yield is calculated at the day of market transaction or including such security to the Fund’s assets (in case of absence of market transactions or if those do not meet the requirements mentioned in pp. 5.5.1.2. and 5.5.1.3. of this Regulation) by the formula:

    ,

    where:

    P – last market transaction price (if this transaction simultaneously meets the requirements stipulated in items 5.4.1.2. and 5.4.1.3. 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, depreciation, dividend, etc) in period i;

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

    5.6. In calculating the Fund's net asset value, the calculated value of the money market instruments is calculated by the formula:

    ,  

    where:

    V – calculated value of the security;

    P – purchase price of the security;

    R – redemption price of the security;

    di – number of days from the date of purchasing the security until the date of calculation;

    d – number of days from the date of purchasing the security until the maturity (redemption) of the security

    5.7. A market transaction is a transaction made on the organized market, and the price of which at the moment of its execution is between the highest bid and lowest ask registered on this market.

    5.8. The Company calculates the net asset value of the Fund:

    - before the decision of the Commission about recognition the Fund as such, that satisfies the demands about the minimum amount of assets – at the end of the last working day of the quarter and for presenting a report to Commission about the results of the placement of ICI securities

    - after the decision of the Commission about recognition the Fund as such, that satisfies the demands about the minimum amount of assets – at the end of the working day prior to the day of receiving applications for the Fund‘s shares placement, quarterly and when the Fund is liquidated.

    5.9. Until the Commission takes a decision about recognition the Fund as such, that satisfies the demands about the minimum amount of assets, the Company places the Fund’s shares at their nominal value.

    5.10. After the Commission takes a decision about recognition the Fund as such, that satisfies the demands about the minimum amount of assets, the Company places and redeems the Fund’s shares at their calculated value but no less than their nominal value.

    5.11. The calculated value of the Fund's shares is determined by the ratio of the Fund's total net asset value to the number of the Fund's shares outstanding on the date of calculation.

    5.12. The value of the Fund's shares acquired by the investor (except for the case stipulated by item 5.9 of the Regulations) is determined by calculated value of the Fund's shares on the day the Investor submits application for acquiring the Fund' shares.

    6. The procedure of determination the Company's fee and covering the expenses incurred by the Fund.

    6.1. The Company receives the Fee equal to 2.5 (two and a half) percent of the Fund's net asset value per annum.

    6.2. The Company 's Fee is accrued and paid out monthly by transferring the corresponding amount.

    6.3. Determination of the net asset value for calculation of the Company’s fee is made on the basis of information on average monthly net asset value ICI as of the end of the last working day of the corresponding month, attested by the custodian. The Company's fee is adjusted annually at the end of the fiscal year on the basis of information on average monthly net asset value ICI.

    6.4. On the decision of the Fund's Supervisory Board, after completion of the Fund's term the Company can receive a bonus. Bonus is paid in case if the Fund’s received profit for the fiscal year exceeds expected profitability benchmark (Profitability benchmark), set up in the Fund’s Investment declaration, that is coerced in Addition 1. The amount of this bonus is 15 percent of the difference between actual profit, which Fund received for the corresponding fiscal year, and expected profit of the Fund, which it was supposed to receive next to its expected Profitability benchmark..

    6.5. Other fees and bonuses 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 with the functioning of the Fund, including:
    - Registration services (state duties and other similar services);
    - Manufacturing of forms for the Fund's securities;
    - Payment for banking services;
    - 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);
    - Rental payments;
    - Advertising services associated with circulation of the Fund's securities;
    - Expenses for servicing the Fund's participants and circulation of securities.

    6.6. Expenses specified in item 6.5 of the Regulations may not exceed 5 (five) percent of the Fund's annual average net asset value during the fiscal year, calculated according to regulatory acts of the Commission.

    6.7. The Company, from its own account, pays for other expenses and expenses exceeding the amount specified in item 6.6 of the Regulations.

    7. The procedure of Fund's profit distribution.

    7.1. During the Fund's term the profit received by the Fund is not distributed among the shareholders.

    7.2. No dividend will be accrued or paid out.

    8. Procedure and terms of the shares redemption.

    8.1. On Fund’s termination shares are redeemable at the calculated price based on the net asset value on the date of the decision to terminate Fund’s activity adjusted by estimate of costs of the Fund’s termination commission.

    8.2. If the net asset value after the asset sale is increased comparing to the net asset value calculated on the date of the decision to terminate Fund’s activity, the calculation is done at the following value.

    8.3. If the net asset value after asset sale is decreased by no more than 10% comparing to the net asset value calculated on the date of the decision to terminate Fund’s activity, the settlement is done at the net asset value calculated after the asset sale; if it is decreased by more than 10 % comparing to the net asset value calculated on the date of the decision to terminate Fund’s activity, the settlement is done at nominal value, but no less than the net asset value calculated after asset sale.

    9. 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).

    10. Minimum value of contracts (agreements) involving the Fund's assets subject to approval by the Fund's Supervisory Board.

    The contracts on the Fund's assets exceeding 50,000 (fifty thousand) minimum wages at the date of signing the contract (or the equivalent in foreign currency) are subject to approval by the Fund's Supervisory Board.

    Attachment 1
    to the Regulations
    of the Open Joint Stock Company
    Closed-End Non-Diversified Corporate
    Investment Fund "Synergy-5"

    INVESTMENT DECLARATION
    Open Joint Stock Company
    Closed-End Non-Diversified Corporate
    Investment Fund «Synergy-7»

    1. Full name of the Fund - Open Joint Stock Company, “Closed-End Non-Diversified Corporate Investment Fund "Synergy-7".

    2. The Fund was founded according to the decision of the Open Joint Stock Company, Closed-End Non-Diversified Corporate Investment Fund "Synergy-7" Constituent Assembly meeting (Minutes No.1 dated February 11, 2008).

    3. The objective of the Fund's activity is maximum appreciation of capital through medium-term investment in Ukrainian equities with growth potential higher than market average.

    4. The Fund's assets may comprise:

    - Securities of the Ukrainian issuers;

    - Cash, including foreign currency;

    - Other assets provisioned by current legislature of Ukraine.

    5. The Fund’s asset structure should meet the following requirements:

    - The securities value in the Fund’s ownership should constitute not less than 70 (seventy) percent of the Fund’s average annual asset value;

    - The shares value in the Fund’s ownership should constitute not less than 50 (fifty) percent of the Fund’s average annual asset value;

    - The securities value in the Fund’s ownership not quoted at a stock exchange or trading-informational system should not constitute more than 50 (fifty) percent of the Fund’s average annual asset value;

    - The Fund may not purchase or additionally invest in the securities issued by any one issuer the amount to exceed 10 (ten) percent of the Fund's average annual asset value.

    - Restrictions and prohibitions set by the current legislature for non-diversified corporate investment funds.

    6. Restrictions stipulated by item 5 of the Investment declaration are implemented in 6 (six) months after the date of the Fund's registration in the Unified state register of collective investment institutions.

    7. While making a decision on purchasing the shares, the Investor must consider the following risks:

    - Economic risks, including general not favourable economic development, inflation, general low liquidity of the securities market in Ukraine;

    - Negative changes in legislation, including changes in tax regulations (cancellation of tax benefits, etc);

    - Introduction of state of emergency, nationalization procedure, expropriation, new regulative acts about banking activity and securities circulation (which change conditions of securities and/or money circulation), cancellation or abeyance of the Asset management company or custodian licence, military operations, natural disasters, acts of civil disobedience, mass rallies, strikes, lock-outs, limitations on cash payments and on cashless settlements, imposed by banks, actions of state and local powers, actions of any state officials, emergence of any other events and/or juridical facts, that substantially influence on profitability of operations on Ukrainian stock market;

    - Special risks of the Fund as institutional investor, including risks connected with insufficient protection of the minority shareholders rights, limited access to the information on the companies the securities of which are included in the Fund's portfolio, the risk of a possible bankruptcy, nationalization or re-privatization of company the securities of which are in the Fund's portfolio;

    - Man-caused and natural calamities.

    8. Profitability benchmark (the hurdle rate) is established at the level National Bank of Ukraine weighted average Discount Rate

    Section D. Information on the announced issuance of Fund's shares

    1. Information on the issuance of the Fund’s shares for initial statutory fund:

    1.1. Total nominal value of the Fund’s shares – UAH 700,000,000 (seven hundred thousand)

    1.2. Number of shares – 70 (seventy)

    1.3. Nominal value of one share – UAH 10,000,000 (ten thousand).

    2. Information on the announced issuance of Fund’s shares:

    2.1. Total nominal value of the Fund’s shares to be placed – UAH 250,000,000 (two hundred fifty million).

    2.2. Total number of Fund’s shares to be placed – UAH 25,000 (twenty five thousand)

    2.3. Nominal value of one Fund’s share – UAH 10,000 (ten thousand)

    2.4. Type of the Fund’s shares: documentary

    2.5. Form of issuance of the Fund’s shares: nominal

    2.6. The planned selling rate of Fund’s shares:

    - before the State Securities and Stock Market Commission (Commission) takes the decision about the recognition of the Fund as such that satisfies the demands about the minimum amount of ICI assets – par value;

    - after the Commission take the decision about the recognition of the Fund as such that satisfies the demands about the minimum amount of the assets at the price of Fund’s net asset value calculated per one Fund’s share in circulation, but not less than nominal value.

    - the price at which the Fund’s shares are placed can be increased only by the amount of the commission fee for the agent placing the shares.

    2.7. The shares are sold at the address: Lysenko/Yaroslaviv Val St., 2/1.

    2.8. Date of beginning of placement of the shares – 27/05/08

    2.9. Date of the end of placement of the shares – 27/05/09

    2.10. The procedure of shares placement and payment:

    1. The placement of the Fund’s shares is done by the agent on placement and buy-back of shares (Agent). The information on the Agent is in this Prospectus.

    2. The person wishing to purchase the Fund’s shares (Investor) submits application to purchase the shares of the Fund (Application).

    3. The submitted application is irrevocable.

    4. In the case of simultaneous submission of applications to purchase shares by the shareholder registered in the Register of shares owners prior to the placement of shares of this issue, and the shareholder who purchased the shares of this issue, or the person who is not a shareholder, the shareholder already registered in the Register of the Fund’s shares owners prior to the placement of shares of this issue has the pre-emptive right, subject the availability of shares; after this, the application by the shareholder who purchased shares of the Fund of this issue is satisfied, subject to the availability, or a person who is not the Fund’s shareholder (subject to the availability).

    5. The applications are accepted on the -th, 8-th, 14-th, 20-th and 26-th day of each month during the period of the Fund’s shares placement.

    6. The investor must pay for the shares within the five working days from the day of submitting Application.

    7. The investor should pay for the shares by direct payment to the cash desk of the issuer or by bank transfer at the Fund current account ¹ 26501000564201 at OJSC "AGROKOMBANK", MFO 322302.

    8. Investor is registered in the Register of shares owners within 7 days from the date of payment for shares.

    2.11. The term, procedure and address of the place of dividend payment – the dividends are not accrued and pald.

    2.12. The rights of the Fund’s shares owners (Fund’s shareholders):

    - to take part in Fund’s management by the procedure set up by the Fund’s Charter and Current legislation of Ukraine.

    - to exit the Fund following the established order by means of alienation (including sale on the secondary market) of the Fund’s shares.

    - to receive information on the Fund’s activity (the Fund must provide shareholder with the annual reports, reports on the Fund’s activity, and Minutes of Annual Shareholders meetings at his request)

    - to present, pledge, sell or by other not prohibited by current legislation of Ukraine way without any limitations alienate all shares of the Fund or part thereof

    - other rights stipulated y the Fund’s Charter and current legislation of Ukraine.

    2.13. If the Commission recognizes the issue of the Fund’s shares as such that has not taken place, the Fund must return to the investors the money, attracted by shares placement within the term set up by the current legislation. The renunciation of the Fund’s shares is not allowed.

    Section E. Information on the registrar

    1. Name - "NOTADA", Ltd.

    2. Code ªÄÐÏÎÓ - 19116308.

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

    4. Telephone - (044) 246-73-51.

    5. Series, number and date of issue of the License on the activity to register owners of ordinary shares - ÀÂ ¹189805 dated 29.11.06.

    6. Term of the License - until 12.10.10.

    Section F. Information on the property independent appraiser

    The Investment Declaration does not stipulate investments in real estate.

    Section G. List of trading platforms where the Fund’s shares were or are sold

    Fund’s shares were not and are not sold at the regulated stock market.

    Section H. Information on the Custodian

    1. Name – OJSC "AGROKOMBANK".

    2. Code ªÄÐÏÎÓ -21570492

    3. Location – 9a, Dymytrova St., Kyiv

    4. Telephone - (044) 205-41-78, 205-41-80.

    5. Fax - (044) 205-41-80.

    6. Series, number and date of issue of the License on the depository activity of the custodian - ÀÂ ¹376955 dated 19.10.2007 .

    7. Term of the License - until 20.10.2012 .

    Section I. Information on the auditor

    1. Name - Private auditing company "KONTO".

    2. Code ªÄÐÏÎÓ - 22919063.

    3. Location – Gor’kogo St., 122/72, Kyiv.

    4. Telephone - (044) 247-48-72.

    5. Number and date of issuance of the registration certificate - ¹0449 dated 30.03.01.

    6. Term of the Certificate - 02.03.11.

    7. Term of the registration certificate – until 02.03.11

    Section J. Information on the securities trader

    1. Name - "KINTO, Ltd".

    2. Code ªÄÐÏÎÓ - 19263860.

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

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

    5. Series, number and date of issue of the License on securities issuance and circulation - ÀB ¹189785 dated 20.11.06.

    6. Term of the License - until 09.09.10.

      
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