Closing Mirror Fund

Default Mirror Fund

Mirror Fund Name and Code

L59 - Fidelity Sterling Cash Fund

M65 - Ninety One GS Sterling Money

Investment Objective of the underlying fund

The fund aims to provide a return in line with money market rates, with capital security and liquidity being Primary considerations. *The fund will invest at least 70% in UK Pounds Sterling denominated Money Market Instruments, reverse repurchase agreements and deposits. *The fund has the freedom to invest in other assets permitted under the EU Money Market Fund regulation and ancillary liquid assets.

The fund aims to give holders of the relevant Shares access to income at wholesale Eurocurrency market interest rates in Sterling. The fund seeks to achieve its objective by investing in short-term deposits and other short-term financial instruments available on the Eurocurrency markets and on the relevant domestic markets (where interest is earned free of withholding tax). The deposits shall have a maximum maturity of six months and certificates of deposit and other short term financial instruments (including bank acceptances, commercial paper, liquid short-term debt securities including treasury bills, bonds, floating rate notes and other debt securities) shall have a maximum residual maturity of twelve months.

Ongoing Charges Figure (OCF) of the underlying fund

0.66%

0.62%

Risk profile (determined by FPIL for Reference only)*

1

1