Notice to the unitholders of SEB Ethical Europe Fund and SEB Europe Fund

We plan to make changes in SEB Ethical Europe Fund and SEB Europe Fund. These changes, described below, will take effect as of 21st November, 2018.

We wish to inform you that on 21 November 2018 sub-fund SEB Fund 1 - SEB Ethical Europe Fund (C-EUR LU0030166333) will be merged into sub-fund SEB Fund 1 - SEB Europe Fund (C-EUR LU0030166507) and will be renamed: SEB Fund 1 - SEB Sustainability Fund Europe (C-EUR LU0030166507).

SEB Sustainability Fund Europe aims to contribute to businesses that contribute to a sustainable environmental development, following the principles as set by the Management Company. The fund does not invest in companies that breach international norms. Further, the fund follows specific exclusion criteria regarding companies whose business activities involve weapons, tobacco, alcohol, commercial gambling and pornography. Additionally, the fund does not invest in companies that extract coal, gas or oil.

Unitholders of both funds who do not wish to be included in the merger are entitled to request the redemption of their shares until 14 November 2018 14.00.

Further information on the Merger is available on the website of SEB investment funds management company www.sebgroup.lu.