The following 7 mutual funds managed by Avaron Asset Management AS will be added to the list on January 29th, 2010. Basic data of the funds: Name of the mutual fund: Avaron Emerging Europe Small Cap Fund A Code: AVAAEVEF Fund type: Equity fund ISIN code: EE3600090049 Minimum investment: Service fees: Subscription: 2% Redemption: 1.5% Management (p.a.): 1,75% per year Custodian (p.a.): 15% of return that exceeds 5% per year Registration country: Estonia Share price currency: original currency -EEK, in Fund Centre -EEK Name of the mutual fund: Avaron Emerging Europe Small Cap Fund B Code: AVBAEVEF Fund type: Equity fund ISIN code: EE3600090056 Minimum investment: Service fees: Subscription: 0% Redemption: 0% Management (p.a.): 1,25% per year Custodian (p.a.): 15% of return that exceeds 8% per year Registration country: Estonia Share price currency: original currency -EEK, in Fund Centre -EEK Name of the mutual fund: Avaron Emerging Europe Small Cap Fund C Code: AVCAEVEF Fund type: Equity fund ISIN code: EE3600102901 Minimum investment: Service fees: Subscription: 2% Redemption: 1.5% Management (p.a.): 1,25% per year Custodian (p.a.): 10% of return that exceeds the 12-month Euribor rate Registration country: Estonia Share price currency: original currency -EEK, in Fund Centre -EEK Name of the mutual fund: Avaron Balkan Fund A Code: AVABALKF Fund type: Equity fund ISIN code: EE3600090064 Minimum investment: Service fees: Subscription: 2% Redemption: 1.5% Management (p.a.): 1,75% per year Custodian (p.a.): 15% of return that exceeds 5% per year Registration country: Estonia Share price currency: original currency -EEK, in Fund Centre -EEK Name of the mutual fund: Avaron Balkan Fund B Code: AVBBALKF Fund type: Equity fund ISIN code: EE3600090072 Minimum investment: Service fees: Subscription: 0% Redemption: 0% Management (p.a.): 1,25% per year Custodian (p.a.): 15% of return that exceeds 8% per year Registration country: Estonia Share price currency: original currency -EEK, in Fund Centre -EEK Name of the mutual fund: Avaron Balkan Fund C Code: AVCBALKF Fund type: Equity fund ISIN code: EE3600102893 Minimum investment: Service fees: Subscription: 2% Redemption: 1.5% Management (p.a.): 1,25% per year Custodian (p.a.): 10% of return that exceeds the 12-month Euribor rate Registration country: Estonia Share price currency: original currency -EEK, in Fund Centre -EEK Name of the mutual fund: Investment Fund Avaron Private Portfolio B Code: AVBIFAPP Fund type: Balanced fund ISIN code: EE3500100922 Minimum investment: Service fees: Subscription: 0% Redemption: 0% Management (p.a.): 1,25% per year Custodian (p.a.): 10% of return that exceeds the 12-month Euribor rate Registration country: Estonia Share price currency: original currency -EEK, in Fund Centre -EEK The Fund Centre is an environment for publishing fund performance information that is jointly administered by the Tallinn, Riga and Vilnius stock exchanges. The Fund Centre includes funds which are publicly offered in at least one of the Baltic countries. http://nasdaqomx.com/balticmarket/fundcenter NASDAQ OMX Tallinn Market Services +372 6 408 800