COMPANY ANNOUNCEMENT
For Immediate Release	26 November 2009
ATLANTIS INTERNATIONAL UMBRELLA FUND
RE: Changes to Trust

    

The Directors of Atlantis Investment Management (Ireland) Limited (the "Manager"), the Manager of Atlantis International Umbrella Fund (the "Trust") wish to announce the following changes to the Trust which will take place with effect from 17 November 2009 (the "Effective Date"):

Addition to List of Recognised Exchanges:

From the Effective Date EASDAQ Europe (European Association of Securities Dealers Automated Quotation) has been added to the list of Recognised Exchanges.

In addition, the following derivative exchanges have been added to the list of Recognised Exchanges:

All derivative exchanges in a Member State of the European Economic Area (European Union, Norway, Iceland, Liechtenstein);

In the United States of America, the 

• American Stock Exchange

• Chicago Stock Exchange

• Chicago Board of Trade

• Chicago Board Options Exchange

• Chicago Mercantile Exchange

• USFE (US Futures Exchange)

• New York Futures Exchange

• New York Board of Trade

• New York Mercantile Exchange

• New York Stock Exchange

• Pacific Exchange

• Philadelphia Stock Exchange

• SWX Swiss Exchange US

In Canada, the

• Montreal Exchange

• Toronto Exchange

In China, the Shanghai Futures Exchange

In Hong Kong, the Hong Kong Futures Exchange

In Japan, the 

• Osaka Securities Exchange

• Tokyo Financial Exchange

• Tokyo Stock Exchange

In Singapore, on the

• Singapore Exchange

• Singapore Commodity Exchange

In Switzerland, on the 

• Swiss Options & Financial Futures Exchange

• EUREX

The Taiwan Futures Exchange;

Kuala Lumpur Options and Financial Futures Exchange;

Jakarta Futures Exchange

Korea Futures Exchange;

Osaka Mercantile Exchange;

Tokyo International Financial Futures Exchange;

Australian Stock Exchange;

Sydney Futures Exchange;

The Bolsa de Mercadorias & Futuros Brazil;

The Mexican Derivatives Exchange (MEXDER):

The South African Futures Exchange.

Changes to the Irish taxation section and the U.K. taxation section of the Prospectus

The Irish taxation section of the Prospectus has been updated and revised in order to take into account the changes to the taxation regime implemented by the Finance Acts 2003 to 2009. 

The UK taxation section of the Prospectus has been updated and revised. It is anticipated that the current 'distributing funds' regime will be replaced with a 'reporting funds' regime from 1 December 2009.

Changes to Atlantis Japan Opportunities Fund, a sub-fund of the Trust:

From the Effective Date Atlantis Japan Opportunities Fund's dividend policy shall read as follows:

"The Fund and each of its Sub-Funds are expected to conform to the requirements of United Kingdom "offshore funds" legislation for the Fund to be certified as a "distributing fund". It is intended that from 1 December 2009 the "distributing fund" regime will be replaced by a new "reporting fund" regime that will not require the distribution of income, although the regulations implementing such changes have not yet been enacted and remain in draft form at the time of writing. The current requirements and changes to the offshore funds regime are summarised in the section entitled "Taxation" in the Prospectus. Any dividend will be declared in June and/or December in each year and paid no later than 21 Business Days thereafter."

Changes to Atlantis India Opportunities Fund, a sub-fund of the Trust:

From the Effective Date Atlantis India Opportunities Fund's dividend policy shall read as follows:

"The Fund and each of its Sub-Funds are expected to conform to the requirements of United Kingdom "offshore funds" legislation for the Fund to be certified as a "distributing fund". It is intended that from 1 December 2009 the "distributing fund" regime will be replaced by a new "reporting fund" regime that will not require the distribution of income, although the regulations implementing such changes have not yet been enacted and remain in draft form at the time of writing. The current requirements and changes to the offshore funds regime are summarised in the section entitled "Taxation" in the Prospectus. Any dividend will be declared in June and/or December in each year and paid no later than 21 Business Days thereafter."

 

Changes to Atlantis China Healthcare Fund, a sub-fund of the Trust:

Distribution Policy

From the Effective Date Atlantis China Healthcare Fund's dividend policy shall read as follows:

"The Fund and each of its Sub-Funds are expected to conform to the requirements of United Kingdom "offshore funds" legislation for the Fund to be certified as a "distributing fund". It is intended that from 1 December 2009 the "distributing fund" regime will be replaced by a new "reporting fund" regime that will not require the distribution of income, although the regulations implementing such changes have not yet been enacted and remain in draft form at the time of writing. The current requirements and changes to the offshore funds regime are summarised in the section entitled "Taxation" in the Prospectus. Any dividend will be declared in June and/or December in each year and paid no later than 21 Business Days thereafter."

Change to Minimum Initial Subscription Amount 

From the Effective Date the minimum subscription in respect of initial applications shall be US$100,000.

Changes to Atlantis Asian Recovery Fund, a sub-fund of the Trust:

From the Effective Date Atlantis Asian Recovery Fund's dividend policy shall read as follows:

"The Fund and each of its Sub-Funds are expected to conform to the requirements of United Kingdom "offshore funds" legislation for the Fund to be certified as a "distributing fund". It is intended that from 1 December 2009 the "distributing fund" regime will be replaced by a new "reporting fund" regime that will not require the distribution of income, although the regulations implementing such changes have not yet been enacted and remain in draft form at the time of writing. The current requirements and changes to the offshore funds regime are summarised in the section entitled "Taxation" in the Prospectus. Any dividend will be declared in June and/or December in each year and paid no later than 21 Business Days thereafter."

Changes to Atlantis China Fund, a sub-fund of the Trust:

Distribution Policy

From the Effective Date Atlantis China Fund's dividend policy shall read as follows:

"The Fund and each of its Sub-Funds are expected to conform to the requirements of United Kingdom "offshore funds" legislation for the Fund to be certified as a "distributing fund". It is intended that from 1 December 2009 the "distributing fund" regime will be replaced by a new "reporting fund" regime that will not require the distribution of income, although the regulations implementing such changes have not yet been enacted and remain in draft form at the time of writing. The current requirements and changes to the offshore funds regime are summarised in the section entitled "Taxation" in the Prospectus. Any dividend will be declared in June and/or December in each year and paid no later than 21 Business Days thereafter."

Change to Minimum Initial Subscription Amount 

From the Effective Date the minimum subscription in respect of initial applications shall be US$250,000.

Changes to Atlantis New China Fortune Fund, a sub-fund of the Trust:

Distribution Policy

From the Effective Date Atlantis New China Fortune Fund's dividend policy shall read as follows:

"The Fund and each of its Sub-Funds are expected to conform to the requirements of United Kingdom "offshore funds" legislation for the Fund to be certified as a "distributing fund". It is intended that from 1 December 2009 the "distributing fund" regime will be replaced by a new "reporting fund" regime that will not require the distribution of income, although the regulations implementing such changes have not yet been enacted and remain in draft form at the time of writing. The current requirements and changes to the offshore funds regime are summarised in the section entitled "Taxation" in the Prospectus. Any dividend will be declared in June and/or December in each year and paid no later than 21 Business Days thereafter."

  

NCB Stockbrokers Limited

Ms Margot McDonagh Phone: +353 1 611 5907

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