Surrender of Licence by Garanti Funds SICAV plc in respect of the Turkish Garanti Euro Capital Growth Fund.
MARCH 08, 2007

This notice is to make the general public aware that Garanti Funds SICAV plc (“the Scheme”) recently requested the Malta Financial Services Authority (“MFSA”) to accept surrender of the collective investment scheme licence granted in relation to the Turkish Garanti Euro Capital Growth Fund (“the Sub-Fund”). The MFSA has accepted the Scheme’s request. This surrender is entirely voluntary and does not arise as a result of any regulatory action taken by the MFSA. Accordingly, with effect from 8th March, 2007 the Scheme and the Sub-Fund ceased to be licensed by the MFSA.