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Notice to shareholders of SEB SICAV 1 - SEB Emerging Markets Fund

We wish to inform you that in order to better reflect the value of the underlying assets of SEB SICAV 1-SEB Emerging Markets Fund, the processing of orders will be changed as from 8 January 2015 after 15:30 (CET).

We wish to inform you that in order to better reflect the value of the underlying assets of SEB SICAV 1-SEB Emerging Markets Fund, Class C (USD) ISIN LU0037256269, the processing of orders will be changed as from 8 January 2015 after 15:30 (CET).

Orders received and accepted by the Registrar and Transfer Agent up to 8 January 2015 before 15:30 (CET) will be processed on the basis of the unknown Net Asset Value per Share calculated on the next Bank Business Day.

Starting from 9 January 2015, orders received and accepted by the Registrar and Transfer Agent before 15.30 (CET) on any Bank Business Day, will be processed on the basis of the unknown Net Asset Value per Share calculated two Bank Business Days later.

Orders/Requests received between 8 January 2015 after 15:30 (CET) and 9 January 2015 before 15:30 (CET) will fall under the new processing of orders.

During one month following the present publication, shareholders who do not agree with the suggested changes, may request redemption of their shares, free of charge.

The prospectus of SEB SICAV 1, dated January 2015, including the above change will be available at the registered office of the Management Company upon request and on the website www.sebgroup.lu.

Sincerely,
The Board of Directors