Seligson & Co OMX Helsinki 25 Exchange Traded Fund invests in the companies
included in the OMX Helsinki 25 equity index. Two of the companies that have
been and still are included in the index, Nordea and TeliaSonera, are domiciled
in Sweden. Tax has been withheld in Sweden on the dividend payments of these
two companies.

Due to a change in legislation, Finnish mutual funds shall be refunded the
withholding taxes on dividends which have been withheld in Sweden against the
EU law.

The Swedish authorities have today confirmed that refund payments have been
made to Seligson & Co OMX Helsinki 25 Exchange Traded Fund. The amount due to
the Fund, payable in two instalments - according to the information received -
will be SEK 6,210,275 (circa EUR 690,000). The refunded amount will be included
in the Fund’s Net Asset Value today and the effect on the Net Asset Value
calculated by the current amount of outstanding shares and using the current
exchange rate is approximately EUR 0.13 per share.

Seligson & Co Fund Management Company has also claimed for the Fund refunds of
such Swedish withholding taxes related to the same companies that were not
included in the amounts stated above. The maximum amount of these claims is
approximately EUR 276,000. These refunds will be included in the Fund’s Net
Asset Value as soon as the refunds have been received by the Fund or the
information regarding the payments of refunds has been confirmed.

Queries: Mari Rautanen, tel. +358 (0)9 6817 8224, email:
[email protected]


Seligson & Co Fund Management Company Plc


Ari Kaaro, Managing Director, email: [email protected], Phone +358 (0)9
6817 8217