Surrender of Licence by Thybo Investment Management (Malta) Limited
AUGUST 03, 2018

This notice is to make the general public aware that Thybo Investment Management
(Malta) Limited (“the Company”) requested the Malta Financial Services Authority
(“MFSA”) to accept the surrender of its Category 2 Investment Services Licence. The
MFSA has accepted the Company’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 3 August 2018, the Company ceased to be licensed by the MFSA.

MFSA Ref: 68-2018