Rule Changes in Funds Managed by UB Fund Management Company Ltd

Regulation concerning funds has been updated regarding liquidity management tools. Because of this, the Board of Directors of UB Fund Management Company Ltd decided on 13 February 2026 to amend the rules of its funds as described in more detail below. The Finnish Financial Supervisory Authority confirmed the rules for mutual funds on 25 February 2026 and approved the rule changes for special investment funds on 2 March 2026. The updated rules will enter into force on 9 April 2026.

In the funds mentioned below, the rules have been amended to include additional liquidity management tools so that Section 7 of the rules now includes a redemption restriction, and Section 8 now allows the fund to charge investors a so-called anti-dilution levy in connection with subscriptions or redemptions:

•    UB Asia Real Estate Equity (UCITS)
•    UB Emerging Markets Infra Fund (UCITS)
•    UB Europe Real Estate Equity (UCITS)
•    UB Global Real Estate Equity (UCITS)
•    UB Infra Fund (UCITS)
•    UB North America Real Estate Equity (UCITS)
•    UB Finland Fund (UCITS)

In the funds mentioned below, the rules have been amended to include additional liquidity management tools so that Section 7 of the rules has been amended to include the extension of the notice period as a liquidity management tool, and Section 8 now allows the charging of a so-called anti-dilution levy to unit holders in connection with subscriptions or redemptions:

•    UB Timberland Fund (AIF)
•    UB Nordic Property Fund (AIF)
•    UB Finnish Properties (AIF)
•    UB Renewable Energy Fund (AIF)
•    UB Nordic Forest Fund IV Feeder Fund (AIF)

In addition to the above, in UB Renewable Energy Fund (AIF) and UB Nordic Forest Fund IV Feeder Fund (AIF), redemption restrictions have also been added to Section 7 as a liquidity management procedure.

For all the above-mentioned funds, Section 9, which deals with the suspension of subscriptions and redemptions, has been clarified. A requirement has been added that subscriptions must also be suspended if redemptions are suspended.

At the same time, technical amendments have been made to the rules. These do not materially affect the operation of the funds or the rights of unit holders. No action is required from unit holders. The updated fund rules are available on the United Bankers Group website at: https://www.unitedbankers.se in the attachments for each fund.