Place of settlement changes for Jyske International Fund range

Effective

Trade date 11 December 2017 with settlement date 13 December 2017

Jyske Bank A/S has announced that the settlement of the Jyske Invest International fund range can no longer take place on the Euroclear platform from 13 December 2017. This follows Euroclear Bank's decision to discontinue the servicing of open-ended mutual funds on its core custody platform.
Order Issuers (OIs) using Creation accounts will be impacted as follows (the changes are described for ISO 15022 format but also applies to ISO 20022 format):

• For orders in Jyske Invest International funds in non-DKK NAV currency:
  Based on a decision by Jyske Bank A/S, OIs must indicate the NAV currency the order is to be placed in, in the MT502 to Clearstream Banking¹ in subsequence B3, field :11A::DENO (currency of denomination).
  The settlement currency of the order must be EUR in subsequence B, field :11A::FXIB/FXIS (currency to buy or currency to sell).
• For orders placed with Jyske Bank A/S as Order Handling Agent (OHA), the settlement details information provided in the order confirmation MT515, subsequence D1, will change as follows:

•  For OIs that did not opt for automatic generation of settlement instructions by Vestima, settlement of orders in Jyske Invest International funds must be instructed as described in the Creation Market Guide for Denmark.

Note: For settlement instructions in Jyske Invest International funds, in subsequence E1, settlement parties, only the BIC identifier code (:95P:) or proprietary identifier code (:95R:) can be used to indicate the delivering or receiving party that interacts with the place of settlement (DEAG/REAG).

Cutover

These settlement details apply as of trade date 11 December 2017 and settlement date 13 December 2017.

Further information

For further information, please contact Vestima Customer Service.

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.