CORRECTION: On Amendments to prospectuses of funds managed by "Citadele Asset Management" IPAS

| Source: Citadele Asset Management

„Citadele Asset Management” IPAS (hereinafter – Company) hereby announces that the amendments to the prospectuses of Company’s managed investment funds were approved during the Executive Board meeting held on November 21, 2013 .

Effective December 16, 2013, amendments reflecting changes in the composition of the Funds’ Investment Committees were made to the following investment funds:  OIF „Citadele Russian Equity Fund”, OIF „Citadele Caspian Sea Equity Fund”, OIF „Citadele Ukrainian Equity Fund”, OIF "Citadele Baltic Sea Equity Fund" .

Fund Investment Committees will include a new member - Igors Lahtadirs, who has more than 6 years of experience in asset management industry and holds a CFA  charter.