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ADCB Fund Assets Transfer

Voting results concerning the proposed Fund Assets Transfer Plan for AL NOKHITA FUND, ADCB ARABIAN INDEX FUND and ADCB MSCI UAE INDEX FUND (the ďFundsĒ)

Background

ADCB sent to all eligible Unit holders in the Fund in April this year formal notices (Notices) seeking the approval of such Unit holders (Unit holders) to the proposed transfer of the Fundsí assets to ADCB SICAV in exchange for the right of the Funds to receive new shares of a corresponding value in the SICAV. The terms and conditions under which transfer may take effect were set in the Fund Assets Transfer Plan attached to each Notice (the Fund Assets Transfer Plan).

The terms of the Fund Assets Transfer Plan were approved in principle by the Fundsí regulator, The Securities and Commodities Authority by letter dated 26 March, 2014 (Consent).

Under the terms of the Consent, ADCB is responsible for sending out Notices to all current Unit holders in the Funds and for receiving all completed voting forms attached to such Notices and counting the votes cast by all such Unit holders. Voting forms were to be returned to ADCB by no later than 3pm, 8 June, 2014.

As an additional requirement under the Consent, ADCBís nominated agent Hadef & Partners is required to verify the votes cast and counted.

The majority outcome of the vote, as counted by ADCB and independently verified by Hadef & Partners on the basis that each unit held by an eligible unit holder represents one vote, was in favour of the Fund Assets Transfer Plan.

Voting Result

The majority outcome of the vote, as counted by ADCB and independently verified by Hadef & Partners on the basis that each unit held by an eligible unit holder represents one vote, was in favour of the Fund Assets Transfer Plan.

Unit holders voted as follows:

Eligible UnitsUnits ForUnits Against% For of Total Eligible Units
Al Nokhitha Fund65,687,337.0834,284,876.441,506,116.8852.19%
ADCB MSCI UAE Index Fund19,752,529.7614,090,801.8995,834.1471.34%
ADCB Arabian Index Fund9,936,807.118,950,690.521,005.7790.08%

Abu Dhabi Commercial Bank P.J.S.C.as Fund Manager of AL NOKHITA FUND, ADCB ARABIAN INDEX FUND and ADCB MSCI UAE INDEX FUND

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