Public Notice on Mutual Funds and Unit Trusts Managed by Fund Management Companies Whose Licences Have Been Revoked

‘Ensuring Investor Protection’ SECURITIES AND EXCHANGE COMMISSION Pursuant to Section 122 (2) of the Securities Industry Act, 2016 (Act 929), the Securities and Exchange Commission (SEC) on 8 th November 2019 revoked the licences of 53 Fund Management Companies (“FMCs”). Some of the affected FMCs were managers of Collective Investment Schemes (CIS) in the form of Mutual Funds or Unit Trusts. Please note that the revocation of the licences of the Fund Managers neither affects the valid licences of, nor terminates the Mutual Funds and Unit Trusts that they used to manage. Shareholders and unit holders of these Mutual Funds and Unit Trusts are therefore not included in the ongoing submission of claims. Total number of CIS affected is 18; made up of 13 mutual funds and 5 unit trusts as listed in Appendix A. In accordance with section 88 (6) of the Securities Industry Act, 2019 (Act 929), Boards of Directors (for Mutual Funds) and Trustees (for Unit Trusts) of affected CIS are to ensure that the schemes continue to run in the best interest of shareholders/unit holders by appointing new fund managers to operate the CIS. Investors of affected CIS shall be advised by their respective Boards and Trustees when the fund managers are appointed or any other option taken in accordance with Act 929. Investors may send email to the Agent at revocations@sec.gov.gh or call the following numbers for any clarification: 0302960197 / 8/ 9 0302960208 / 9 /10 0302960023 / 4 0302953518 / 9 BY ORDER OF SECURITIES AND EXCHANGE COMMISSION DATED THE 21ST NOVEMBER, 2019 PUBLIC NOTICE ON MUTUAL FUNDS AND UNIT TRUSTS MANAGED BY FUND MANAGEMENT COMPANIES WHOSE LICENCES HAVE BEEN REVOKED NOTICE NO. SEC/PN/015/11/2019

APPENDIX A – LIST OF AFFECTED COLLECTIVE INVESTMENT SCHEMES NO. NAME OF FUND MANAGER MUTUAL FUND UNIT TRUST 1 All Time Capital Limited All-Time Bond Fund Limited 2 Blackshield Capital Management Limited (formerly Gold Coast Fund Management Limited) Gold Money Market Fund Limited Gold Fund Unit Trust 3 EM Capital Limited EM balanced Unit Trust 4 FirstBanc Financial Services Limited First Fund Limited 5 FirstBanc Financial Services Limited FirstBanc Heritage Fund Limited 6 Galaxy Capital Limited Galaxy Money Market Fund Limited 7 Galaxy Capital Limited Galaxy Balanced Fund Limited 8 Ideal Capital Partners Limited Ideal Sika Fund Limited 9 Intermarket Asset Management Limited (formerly CDH Asset Management Limited) CDH Balanced Fund Limited 10 Liberty Asset Management Limited Freedom Fund Unit Trust 11 McOttley Capital Limited McTrust Unit Trust 12 Nordea Capital Limited Nordea Income Fund Limited 13 Omega Capital Limited Omega Equity Fund Limited 14 Omega Capital Limited Omega Income Fund Limited 15 Sirius Capital Limited Sirius Opportunity Fund Limited 16 Unisecurities Limited Unisecurities Unit Trust 17 Weston Capital Limited Weston Oil and Gas Fund Limited