On banning some operations of management company

On 19 June 2014, the Bank of Russia took a decision to ban some operations carried out by the Management Company Eurotrust LLC, namely, administration of assets which constitute the closed-end mutual fund rent Agrocapital including the bonus payments to the beneficial owner and (or) fulfiilment of obligations on transactions with the assets abovementioned with the exception of bonus payments to the specialised depositary, registrar, audit company, and fund appraiser as well as obligatory payment expenses established in accordance with Russian law as regards the fund assets or connected with operations with the said assets, expenses resulting from the fund estate property insurance, expenses resulting from maintenance (exploitation) and guarding of buildings, constructions, structures, and premises which constitute the fund assets, and maintaining them in a proper order in accordance with the agreements signed before this order was received. The Bank of Russia also banned the proceeds payments from fund assets trust management.

This decision is based on the actions of the management company by the trust management of the unit investment fund which might threaten the rights and legal interests of investment unit owners.

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23.06.2014 00.00.00