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SKAGEN’s vote at GCL Poly EGM

SKAGEN voted against one proposal at the extraordinary general meeting in GCL Poly on 26 November 2015.

Date: 29/01/16

At the meeting SKAGEN voted, on behalf of SKAGEN Kon-Tiki, SKAGEN Vekst and SKAGEN Focus which are shareholders in the company, against one proposal related to a re-authorization of a share option scheme, as the proposal does not include any performance criteria and may be issued below market price.

SKAGEN held 265 million shares at the time of the meeting. This was equal to 1.2 percent of the company.

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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