Appropriation of profit is provided for in Article 23 of the Retail Fund’s Articles of Association. This specific article is quoted below.

The Annual General Meeting of shareholders on 25 April 2014 adopted and approved the 2013 financial statements of the Retail Fund. A dividend of € 127.98 (in cash) per share has been paid.

The management of the Fund proposes to the General Meeting of shareholders that a dividend of € 115.68 (in cash) per share be paid. Of the profit for 2014 amounting to € 11.2 million, € 11.2 million will be incorporated in the retained earnings.

The Retail Fund has no significant subsequent events that need to be disclosed.