FNW BlackRock UK Special Situations Life Fund

The aim of the Fund is to provide a return on investor's investment (generated through an increase in the value of the assets held by the Fund) (gross of fees) over the long term (5 or more consecutive years beginning at the point of investment) by investing in shares of companies incorporated or listed in the UK. In seeking to achieve its investment objective, the Fund will invest at least 70% of its total assets in the equities (i.e. shares) and equity related investments (i.e. other investments whose value is related to equities) of companies incorporated or listed in the UK and will aim to invest at least 50% of its total assets in small or medium sized companies. Small and medium sized companies are companies which are not constituents of the FTSE 100 Index at the time of the Fund’s investment.