This notice is to make the general public aware that La Valette Funds SICAV p.l.c (“the Scheme”) recently requested the Malta Financial Services Authority (“MFSA”) to accept surrender of the collective investment scheme licence granted in relation to the “La Valette European Bond 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 the 4th December, 2007, the Sub-Fund ceased to be licensed by the MFSA.