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U X E M B O U R G

MEMORIAL

Journal Officiel

du Grand-Duché de

Luxembourg

MEMORIAL

Amtsblatt

des Großherzogtums

Luxemburg

R E C U E I L D E S S O C I E T E S E T A S S O C I A T I O N S

Le présent recueil contient les publications prévues par la loi modifiée du 10 août 1915 concernant les sociétés commerciales

et par la loi modifiée du 21 avril 1928 sur les associations et les fondations sans but lucratif.

C — N° 2139

3 septembre 2013

SOMMAIRE

Antheal S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

102670

Caspad S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . .

102649

CEB Unialco S.à r.l. . . . . . . . . . . . . . . . . . . . .

102664

Cedrum S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

102665

Circle Printers Europe S.à r.l. . . . . . . . . . . .

102662

Concept-Tech S.A. . . . . . . . . . . . . . . . . . . . . .

102664

Corporate Special . . . . . . . . . . . . . . . . . . . . . .

102665

Dentsply Holdings S.à r.l. . . . . . . . . . . . . . . .

102662

Evertz Europe AG . . . . . . . . . . . . . . . . . . . . . .

102672

F-Dortmunder Str Witten S. à r.l. . . . . . . .

102663

Financière Louis Delhaize Luxembourg

S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102663

Finimvest Seconda . . . . . . . . . . . . . . . . . . . . .

102660

FR Solar Luxco JVCo . . . . . . . . . . . . . . . . . . .

102662

G2B A.G. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102626

GDF SUEZ RE S.A. . . . . . . . . . . . . . . . . . . . . .

102670

GREEN Global Renewable Energy Advi-

sors S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102626

GRP S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102626

Halifax S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102626

Harlock Sàrl . . . . . . . . . . . . . . . . . . . . . . . . . . .

102627

HEDF-DBS S.à r.l. . . . . . . . . . . . . . . . . . . . . . .

102627

HEDF-France, S.à r.l. . . . . . . . . . . . . . . . . . . .

102627

HEDF Spain S.à r.l. . . . . . . . . . . . . . . . . . . . . .

102627

Heli-Europe S.A. . . . . . . . . . . . . . . . . . . . . . . .

102628

H-Hohestr./ Kaiserstr. Dortmund S. à r.l.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102626

Holding Klege S.à r.l. . . . . . . . . . . . . . . . . . . .

102627

Hotex S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102628

Icarus S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . .

102660

ICG Recovery 1, 2008 S.A. . . . . . . . . . . . . . .

102630

ICG Recovery 2, 2008 S.A. . . . . . . . . . . . . . .

102630

Idamante S.àr.l. . . . . . . . . . . . . . . . . . . . . . . . .

102628

ID-Rep International S.A. . . . . . . . . . . . . . . .

102630

IFORP S.à r.l. . . . . . . . . . . . . . . . . . . . . . . . . . .

102630

Ilokis Invest S.A. . . . . . . . . . . . . . . . . . . . . . . .

102660

Incas S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102659

Induservices S.A. . . . . . . . . . . . . . . . . . . . . . . .

102660

Insutrel S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

102670

Interbusiness Europe Management S.A.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102629

International Managing Services S.A. . . . .

102629

Invenergy Canada I S. à r.l. . . . . . . . . . . . . . .

102629

Invenergy Poland Darlowo Holdings S.à r.l.

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102629

Invenergy Poland Renewables S.à r.l. . . . .

102628

KF Luxembourg S.à r.l. . . . . . . . . . . . . . . . . .

102629

Laccolith S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

102671

Lagomar S.A. . . . . . . . . . . . . . . . . . . . . . . . . . .

102671

La Panoramique S.A. . . . . . . . . . . . . . . . . . . .

102671

LaSalle Asia Opportunity III, S.à.r.l. . . . . . .

102631

LaSalle Asia Opportunity II S.à r.l. . . . . . . .

102631

LaSalle JAPAN LOGISTICS II, Sàrl . . . . . .

102632

LaSalle Japan Logistics (JPY) S.à r.l. . . . . . .

102631

Lazard Wealth Management Europe S.à

r.l. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102630

Leviatan Capital S.A. . . . . . . . . . . . . . . . . . . .

102664

Limone S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . .

102670

LogAxes Austria III S.à r.l. . . . . . . . . . . . . . .

102632

LogAxes Austria II S.à r.l. . . . . . . . . . . . . . . .

102632

LuxScan Technologies S.à r.l. . . . . . . . . . . .

102663

Marsh Management Services Luxembourg

S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102649

Merou S.C.I. . . . . . . . . . . . . . . . . . . . . . . . . . . .

102666

Met-Lux Métalliseurs Luxembourgeois

S.A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

102666

Meyket Locations S.à r.l. . . . . . . . . . . . . . . . .

102666

Multi Manager Access . . . . . . . . . . . . . . . . . .

102633

102625

U X E M B O U R G

GREEN Global Renewable Energy Advisors S.A., Société Anonyme.

Siège social: L-6743 Grevenmacher, 6, rue Kummert.

R.C.S. Luxembourg B 147.193.

Statuts coordonnés déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Grevenmacher.

Carlo GOEDERT
Notaire

Référence de publication: 2013096942/12.
(130117552) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

GRP S.à r.l., Société à responsabilité limitée.

Siège social: L-1611 Luxembourg, 41, avenue de la Gare.

R.C.S. Luxembourg B 94.388.

Les comptes annuels au 31 Décembre 2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013096945/9.
(130117277) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

G2B A.G., Société Anonyme.

Siège social: L-9053 Ettelbruck, 45, avenue J.F. Kennedy.

R.C.S. Luxembourg B 129.231.

Der Jahresabschluss zum 31. Dezember 2011 wurde beim Handels- und Gesellschaftsregister von Luxemburg hinter-

legt.

Zwecks Veröffentlichung im Mémorial, Recueil des Sociétés et Associations.

Unterschrift.

Référence de publication: 2013096948/11.
(130117264) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

H-Hohestr./ Kaiserstr. Dortmund S. à r.l., Société à responsabilité limitée.

Siège social: L-1931 Luxembourg, 41, avenue de la Liberté.

R.C.S. Luxembourg B 126.452.

Les statuts coordonnés suivant l'acte n°66771 ont été déposés au registre de commerce et des sociétés de Luxem-

bourg.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013096950/10.
(130117175) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Halifax S.A., Société Anonyme.

Siège social: L-2163 Luxembourg, 40, avenue Monterey.

R.C.S. Luxembourg B 58.782.

Luxembourg.

Pour la société
Un mandataire

Référence de publication: 2013096961/12.
(130117970) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

102626

U X E M B O U R G

Harlock Sàrl, Société à responsabilité limitée unipersonnelle.

Capital social: GBP 344.706,25.

Siège social: L-2163 Luxembourg, 40, avenue Monterey.

R.C.S. Luxembourg B 132.879.

Le bilan de la société au 31/12/2012 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013096951/9.
(130117775) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

HEDF Spain S.à r.l., Société à responsabilité limitée.

Siège social: L-1150 Luxembourg, 205, route d'Arlon.

R.C.S. Luxembourg B 119.287.

Alexie Arnould.

Référence de publication: 2013096963/10.
(130118045) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

HEDF-DBS S.à r.l., Société à responsabilité limitée.

Siège social: L-1150 Luxembourg, 205, route d'Arlon.

R.C.S. Luxembourg B 89.126.

Alexie Arnould.

Référence de publication: 2013096964/10.
(130117199) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

HEDF-France, S.à r.l., Société à responsabilité limitée.

Siège social: L-1150 Luxembourg, 205, route d'Arlon.

R.C.S. Luxembourg B 89.127.

Alexie Arnould.

Référence de publication: 2013096965/10.
(130117201) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Holding Klege S.à r.l., Société à responsabilité limitée.

Capital social: EUR 12.500,00.

Siège social: L-1855 Luxembourg, 44, avenue J.F. Kennedy.

R.C.S. Luxembourg B 143.508.

Extrait du procès-verbal de l'assemblée générale annuelle qui s'est tenue le 28 juin 2013 à 14.00 heures à Luxembourg

- L'Assemblée Générale des Associés décide à l'unanimité de renouveler le mandat de MAZARS Luxembourg au poste

de Réviseurs pour une période arrivant à échéance l'Assemblée Générale des Associés approuvant les comptes au
31.12.2013.

Extrait
FIDUPAR
Signatures

Référence de publication: 2013096967/15.
(130117146) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

102627

U X E M B O U R G

Heli-Europe S.A., Société Anonyme.

Siège social: L-2146 Luxembourg, 63-65, rue de Merl.

R.C.S. Luxembourg B 51.799.

Signature.

Référence de publication: 2013096966/10.
(130118159) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Hotex S.A., Société Anonyme.

Siège social: L-1653 Luxembourg, 2, avenue Charles de Gaulle.

R.C.S. Luxembourg B 125.846.

Les comptes annuels au 31 décembre 2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013096968/9.
(130118060) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Idamante S.àr.l., Société à responsabilité limitée.

Siège social: L-1246 Luxembourg, 4, rue Albert Borschette.

R.C.S. Luxembourg B 152.516.

Les comptes annuels pour la période du 1

janvier au 31 décembre 2012 ont été déposés au registre de commerce

et des sociétés de Luxembourg.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Marc Lamberty
Manager

Référence de publication: 2013096970/12.
(130118215) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Invenergy Poland Renewables S.à r.l., Société à responsabilité limitée.

Siège social: L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 134.122.

Extrait des décisions prises par l'associée unique en date du 18 juin 2013

1. Messieurs Gérard BIRCHEN et Hugo FROMENT ont démissionné de leur mandat de gérant de classe B.
2. Madame Zuzanna ZIELINSKA-ROUSSEAU a démissionné de son mandat de gérante de classe B.
3. Monsieur Vincent REGNAULT, administrateur de sociétés, né à Anderlecht (Belgique), le 4 septembre 1982, de-

meurant professionnellement à L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte, a été nommé comme
gérant de classe B pour une durée indéterminée.

4. Madame Mounira MEZIADI, administrateur de sociétés, née à Thionville (France), le 12 novembre 1979, demeurant

professionnellement à L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte, a été nommée comme gérante
de classe B pour une durée indéterminée.

5. Monsieur Tobias STEMMLER, administrateur de sociétés, né à Neunkirchen/Saar (Allemagne), le 18 juillet 1983,

demeurant professionnellement à L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte, a été nommé comme
gérant de classe B pour une durée indéterminée.

Luxembourg, le 11.7.2013.

Pour extrait sincère et conforme
Pour INVENERGY POLAND RENEWABLES S.àr.l.
Intertrust (Luxembourg) S.A.

Référence de publication: 2013097008/23.
(130117116) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

102628

U X E M B O U R G

Interbusiness Europe Management S.A., Société Anonyme.

Siège social: L-5240 Sandweiler, 4, rue Principale.

R.C.S. Luxembourg B 102.817.

Les comptes annuels au 31 décembre 2011 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Signature.

Référence de publication: 2013096973/10.
(130118089) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

International Managing Services S.A., Société Anonyme.

Siège social: L-2661 Luxembourg, 40, rue de la Vallée.

R.C.S. Luxembourg B 165.416.

Les comptes annuels au 31 décembre 2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013096974/9.
(130117023) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Invenergy Canada I S. à r.l., Société à responsabilité limitée.

Siège social: L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 110.684.

Pour Invenergy Canada I S. à r.l.
Intertrust (Luxembourg) S.A.

Référence de publication: 2013096978/11.
(130117912) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Invenergy Poland Darlowo Holdings S.à r.l., Société à responsabilité limitée.

Siège social: L-1331 Luxembourg, 65, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 164.878.

Pour Invenergy Poland Darlowo Holdings S.à r.l.
Intertrust (Luxembourg) S.A.

Référence de publication: 2013096979/11.
(130117921) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

KF Luxembourg S.à r.l., Société à responsabilité limitée.

Siège social: L-2210 Luxembourg, 38, boulevard Napoléon Ier.

R.C.S. Luxembourg B 127.381.

Il est porté à la connaissance du Registre de Commerce et des Sociétés Luxembourg que le siège social de KF Lu-

xembourg S.àr.l. a été transféré avec effet au 25 février 2013 à l'adresse suivante:

L-2210 Luxembourg, 38 boulevard Napoléon 1

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg, le 28 février 2013.

Pour KF Luxembourg S.àr.l.

Référence de publication: 2013097036/13.
(130117627) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

102629

U X E M B O U R G

ICG Recovery 1, 2008 S.A., Société Anonyme.
Siège social: L-2633 Senningerberg, 6D, roue de Trèves.

R.C.S. Luxembourg B 141.389.

Les comptes annuels au 31 mars 2013 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Un Mandataire

Référence de publication: 2013096984/10.
(130117118) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

ICG Recovery 2, 2008 S.A., Société Anonyme de Titrisation.

Siège social: L-2633 Senningerberg, 6D, route de Trèves.

R.C.S. Luxembourg B 141.383.

Les comptes annuels au 31 mars 2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Un Mandataire

Référence de publication: 2013096985/10.
(130117119) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

ID-Rep International S.A., Société Anonyme.

Siège social: L-1330 Luxembourg, 34A, boulevard Grande-Duchesse Charlotte.

R.C.S. Luxembourg B 64.610.

Le Bilan au 31 décembre 2012 a été déposé au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013096986/9.
(130117317) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

IFORP S.à r.l., Société à responsabilité limitée.

Siège social: L-2714 Luxembourg, 6-12, rue du Fort Wallis.

R.C.S. Luxembourg B 134.737.

Les comptes annuels au 31 décembre 2012 ont été déposés au registre de commerce et des sociétés de Luxembourg.
Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.
Référence de publication: 2013096989/9.
(130117410) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Lazard Wealth Management Europe S.à r.l., Société à responsabilité limitée.

Capital social: EUR 2.000.000,00.

Siège social: L-2320 Luxembourg, 68-70, boulevard de la Pétrusse.

R.C.S. Luxembourg B 162.855.

Extrait des résolutions adoptées par l'associé unique de la Société en date du 2 juillet 2013

En date du 2 juillet 2013, l'associé unique de la Société a décidé de renommer Deloitte Audit, société à responsabilité

limitée dont le siège social est situé au 560, rue de Neudorf, L-2220 Luxembourg et immatriculée au Registre de Com-
merce et des Sociétés de Luxembourg sous le numéro B 67,895, en tant que réviseur d'entreprises agréé de la Société
jusqu'à l'approbation en l'année 2014 des comptes annuels au 31 décembre 2013.

Luxembourg, le 10 juillet 2013.

Pour la Société
Signature

Référence de publication: 2013097047/16.
(130117622) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

102630

U X E M B O U R G

LaSalle Asia Opportunity II S.à r.l., Société à responsabilité limitée.

Capital social: USD 3.025.152,00.

Siège social: L-1931 Luxembourg, 41, avenue de la Liberté.

R.C.S. Luxembourg B 104.880.

EXTRAIT

Il résulte d'une résolution de l'associé unique prise en date du 1

juillet 2013 que:

- Monsieur Kim Woodrow a démissionné de ses fonctions de gérant de la Société avec effet au 1

juillet 2013.

- A été nommé aux fonctions de gérant de la Société avec effet au 1

juillet 2013 et ce pour une durée indéterminée:

* Monsieur Demetri Rackos résidant professionnellement au 200 East Randolph Drive, Chicago IL-60601, Etats-Unis

d'Amérique;

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg.

Pour la société
Un mandataire

Référence de publication: 2013097049/18.
(130117292) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

LaSalle Asia Opportunity III, S.à.r.l., Société à responsabilité limitée.

Capital social: USD 3.025.152,00.

Siège social: L-1931 Luxembourg, 41, avenue de la Liberté.

R.C.S. Luxembourg B 129.090.

EXTRAIT

Il résulte d'une résolution de l'associé unique prise en date du 1

juillet 2013 que:

- Monsieur Kim Woodrow a démissionné de ses fonctions de gérant de la Société avec effet au 1

juillet 2013.

- A été nommé aux fonctions de gérant de la Société avec effet au 1

juillet 2013 et ce pour une durée indéterminée:

* Monsieur Demetri Rackos résidant professionnellement au 200 East Randolph Drive, Chicago IL-60601, Etats-Unis

d'Amérique;

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

Luxembourg.

Pour la société
Un mandataire

Référence de publication: 2013097050/18.
(130117293) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

LaSalle Japan Logistics (JPY) S.à r.l., Société à responsabilité limitée.

Capital social: JPY 2.495.600,00.

Siège social: L-1931 Luxembourg, 41, avenue de la Liberté.

R.C.S. Luxembourg B 102.729.

EXTRAIT

Il résulte d'une résolution de l'associé unique prise en date du 1

juillet 2013 que:

- Monsieur Kim Woodrow a démissionné de ses fonctions de gérant de la Société avec effet au 1

juillet 2013.

- A été nommé aux fonctions de gérant de la Société avec effet au 1

juillet 2013 et ce pour une durée indéterminée:

* Monsieur Demetri Rackos résidant professionnellement au 200 East Randolph Drive, Chicago IL-60601, Etats-Unis

d'Amérique.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

102631

U X E M B O U R G

Luxembourg.

Pour la société
Un mandataire

Référence de publication: 2013097054/18.
(130117290) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

LogAxes Austria II S.à r.l., Société à responsabilité limitée.

Capital social: EUR 6.588.100,00.

Siège social: L-1249 Luxembourg, 2, rue du Fort Bourbon.

R.C.S. Luxembourg B 131.735.

EXTRAIT

Il résulte des résolutions de l'associé unique de la Société prises en date du 8 juillet 2013, que:
- Mme Marine Le Lan, ayant son adresse professionnelle au 2, rue du Fort Bourbon, L-1249 Luxembourg, Grand-Duché

de Luxembourg, a été nommée en tant que gérante de la Société avec effet au 8 juillet 2013.

Le conseil de gérance se compose donc comme suit au 8 juillet 2013:
- Alix VAN ORMELINGEN, Gérante
- Mark PHILLIPS, Gérant
- Marine LE LAN, Gérante
Pour extrait conforme,

A Luxembourg, le 11 Juillet 2013.

Référence de publication: 2013097057/18.
(130117340) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

LogAxes Austria III S.à r.l., Société à responsabilité limitée.

Capital social: EUR 6.336.250,00.

Siège social: L-1249 Luxembourg, 2, rue du Fort Bourbon.

R.C.S. Luxembourg B 135.928.

EXTRAIT

de Luxembourg, a été nommée en tant que gérante de la Société avec effet au 8 juillet 2013.

Le conseil de gérance se compose donc comme suit au 8 juillet 2013:
- Alix VAN ORMELINGEN, Gérante
- Mark PHILLIPS, Gérant
- Marine LE LAN, Gérante
Pour extrait conforme,

A Luxembourg, le 11 Juillet 2013.

Référence de publication: 2013097058/18.
(130117341) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

LaSalle JAPAN LOGISTICS II, Sàrl, Société à responsabilité limitée.

Capital social: JPY 252.500.000,00.

Siège social: L-1931 Luxembourg, 41, avenue de la Liberté.

R.C.S. Luxembourg B 129.011.

EXTRAIT

Il résulte d'une résolution de l'associé unique prise en date du 1

juillet 2013 que:

- Monsieur Kim Woodrow a démissionné de ses fonctions de gérant de la Société avec effet au 1

juillet 2013.

- A été nommé aux fonctions de gérant de la Société avec effet au 1

juillet 2013 et ce pour une durée indéterminée:

* Monsieur Demetri Rackos résidant professionnellement au 200 East Randolph Drive, Chicago IL-60601, Etats-Unis

d'Amérique.

Pour mention aux fins de la publication au Mémorial, Recueil des Sociétés et Associations.

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U X E M B O U R G

Luxembourg.

Pour la société
Un mandataire

Référence de publication: 2013097055/18.
(130117291) Déposé au registre de commerce et des sociétés de Luxembourg, le 12 juillet 2013.

Multi Manager Access, Société d'Investissement à Capital Variable.

Siège social: L-1855 Luxembourg, 33A, avenue J.F. Kennedy.

R.C.S. Luxembourg B 115.445.

In the year two thousand and thirteen, on the eleventh day of June.
Before Us Maître Henri Hellinckx, notary residing in Luxembourg.
Was held an extraordinary general meeting of shareholders of MULTI MANAGER ACCES (hereafter referred to as

the "Company"), a société d'investissement à capital variable having its registered office in L-1855 Luxembourg, 33A,
avenue J.F. Kennedy (R.C.S. Luxembourg B 115445), incorporated under the denomination of UBS Multi Manager Access,
by notarial deed on 30 March 2006, published in the Mémorial C, Recueil des Sociétés et Associations, Number 796 of
20 April 2006. The articles of incorporation have been amended pursuant to a deed of the replaced notary on 1 October
2010, published in the Mémorial C, Recueil des Sociétés et Associations, Number 2520 of 19 November 2010.

The meeting was opened by Mr Benjamin Wacker, bank employee, professionally residing in Luxembourg, in the chair.
The chairman appointed as secretary and the meeting elected as scrutineer Mrs Norma Christmann, bank employee,

professionally residing in Luxembourg.

The bureau of the meeting having thus been constituted, the chairman declared and requested the notary to state:
The Chairman declared and requested the notary to state that:
I The shareholders represented and the number of shares held by each of them are shown on an attendance list signed

by the proxies of the shareholders represented and by the members of the bureau. The said list and proxies initialled "ne
varietur" by the members of the bureau will be annexed to this document, to be registered with this deed.

II. This meeting has been convened by notices containing the agenda published in the Mémorial, in the Tageblatt and

in the Luxemburger Wort on 10 and 27 May 2013.

III. The agenda of the extraordinary general meeting is the following:
I. Amendments to the Articles of Incorporation
1. To replace any reference in the Articles of Incorporation to the Luxemburg law of 20 December 2002 by reference

to the law of 17 December 2010 relating to undertakings for collective investment (the "Law of 2010").

2. To insert reference to the fees payable to the management company in article 10, II, 6) of the Articles of Incorpo-

ration.

3. To amend article 18 of the Articles of Incorporation in order to provide the board of directors of the Company

with the authority to appoint a management company. The new text of article 18 of the Articles of Incorporation will
read as follows:

" Art. 18. Management Company, Investment Advisor. The Board of the Company may appoint a management company.

It may furthermore appoint an investment advisor (hereinafter the «Investment Advisor») who shall supply the Company
with recommendation and advice with respect to the Company's investment policy pursuant to Article 17 hereof."

4. To insert a reference to the management company in article 19 of the Articles of Incorporation on conflicts of

interest.

5. To insert a new article 17.1 into the Articles of Incorporation in order to provide the Company with the authority

to invest up to 100% of the assets of any Subfund in different transferable securities and money market instruments issued
or guaranteed by a Member State of the European Union, one or more of its local public authorities, a non-Member State
of the European Union or public international bodies of which one or more Member States of the European Union are
members, and to perform cross-Subfund investments (within the Company). The new text of Article 17.1 of the Articles
of Incorporation will read as follows:

" 17.1 Risk diversification and Investment restrictions. The Board shall, based upon the principle of spreading of risks,

determine any restrictions which shall be applicable to the investments of the Company and its Subfunds, in accordance
with Part I of the Law of 2010. In particular:

a) The Company may invest up to 100% of the assets of any Subfund, in accordance with the principle of risk-spreading,

in different transferable securities and money market instruments issued or guaranteed by a Member State, one or more
of its local public authorities, a non-Member State of the European Union or public international bodies of which one or
more Member States of the European Union are members, which in principle includes the OECD, unless otherwise
provided for in the sales document; provided that in such event, the Subfund concerned must hold securities from at
least six different issues, but securities from any one issue may not account for more than 30% of the total amount.

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U X E M B O U R G

b) Each Subfund may also subscribe for, acquire and/or hold shares issued or to be issued by one or more other

Subfunds of the Company subject to additional requirements which may be specified in the sales documents, if:

(i) the target Subfund does not, in turn, invest in the Subfund invested in this target Subfund; and
(ii) no more than 10% of the assets of the target Subfunds whose acquisition is contemplated may, pursuant to the

Company's sales prospectus or these Articles of Incorporation, be invested in aggregate in units/shares of other UCITS
or other collective investment undertakings; and

(iii) voting rights, if any, attaching to the relevant securities are suspended for as long as they are held by the Subfund

concerned; and

(iv) in any event, for as long as these securities are held by the relevant Subfund, their value will not be taken into

consideration for the purposes of verifying the minimum threshold of the net assets imposed by the Law of 2010; and

(v) there is no duplication of management/subscription or redemption fees between those at the level of the Subfund

having invested in the target Subfund, and this target Subfund.

c) Provided that they continue to observe the principles of diversification, newly established Subfunds and merging

Subfunds may deviate from the specific risk diversification restrictions mentioned above for a period of six months after
being approved by the authorities respectively after the effective date of the merger.

d) Provided the particular Subfund's investment policy does not specify otherwise, it may invest no more than 10% of

its assets in other UCITS or UCIs or in other Subfunds of the Company.

e) All other investment restrictions are specified in the Company's sales prospectus."
6. To insert a new article 17.2 into the Articles of Incorporation in order to provide the Company with the authority

and to establish Subfunds as master or feeder UCITS within the meaning of article 77 of the Law of 2010.

7. To add the following paragraph to article 11 of the Articles of Incorporation in order to allow the Company, for

Subfunds in the form of a feeder UCITS, to suspend temporarily the determination of the net asset value per share and
the issue, conversion and redemption of shares also whenever certain corporate actions take place on the level of its
master UCITS:

"g) a Subfund in the form of a feeder UCITS, when its master UCITS temporarily suspends, on its own initiative or at

the request of its competent authorities, the redemption, the reimbursement or the subscription of its units; in such a
case the suspension of the calculation of the net asset value at the level of the feeder UCITS will be for a duration identical
to the duration of the suspension of the calculation of the net asset value at the level of the master UCITS."

8. To amend article 23 of the Articles of Incorporation in order to replace the provisions governing the notification

of shareholders with references to the law of 10 August 1915 on commercial companies, as amended.

9. To amend article 24 of the Articles of Incorporation in order to clarify that the Company is authorized to merge

Subfunds with UCITS domiciled in any EU member state.

10. To amend article 10 of the Articles of Incorporation relating to the calculation of the net asset value per share in

order to align it to the current sales prospectus of the Company, which has been approved by the Luxembourg supervisory
commission of the financial sector (the "CSSF"), by

- adding a clause allowing for adjustments to the net asset value of share classes if on any trading day the total number

of subscription and redemption applications for all share classes in a sub-fund leads to a net cash in- or outflow (so-called
"swing-pricing"), and

- restating the section governing the valuation of the assets held by each Subfund to read as follows:
"The value of the assets held by each Subfund is calculated as follows:
a) The value of any cash -either in hand or on deposit -as well as bills and demand notes and accounts receivable,

prepaid expenses, cash dividends and interest declared or accrued as aforesaid and not yet received is deemed to be the
full amount thereof, unless in any case the same is unlikely to be paid or received in full, in which case the value thereof
is arrived at after making such discount as may be considered appropriate in such case to reflect the true value thereof.

b) Securities, derivatives and other investments listed on a stock exchange are valued at the last known market prices.

If the same security, derivative or other investment is quoted on several stock exchanges, the last available quotation on
the stock exchange that represents the major market for this investment will apply.

In the case of securities, derivatives and other investments little traded on a stock exchange and for which a secondary

market among securities traders exists with pricing in line with the market, the Company may value these securities,
derivatives and other investments based on these prices. Securities, derivatives and other investments that are not listed
on a stock exchange, but which are traded on another regulated market which is recognised, open to the public and
operates in a due and orderly fashion, are valued at the last available price on this market.

c) Securities and other investments that are not listed on a stock exchange or traded on any other regulated market,

and for which no reliable and appropriate price can be obtained, will be valued by the Company according to other
principles chosen by it in good faith on the basis of the likely sales prices.

d) The valuation of derivatives that are not listed on a stock exchange (OTC derivatives) is made by reference to

independent pricing sources. In case only one independent pricing source of a derivative is available, the plausibility of the

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U X E M B O U R G

valuation price obtained will be verified by employing methods of calculation recognised by the Company and the auditors,
based on the market value of the underlying instrument from which the derivative is derived.

e) Units or shares of other undertakings for collective investment in transferable securities ("UCITS") and/or under-

takings for collective investment ("UCI") will be valued at their last net asset value. Certain units or shares of other UCITS
and/or UCI may be valued based on an estimate of the value provided by a reliable price provider independent from the
target fund's investment manager or investment adviser (Estimated Pricing).

f) (i) For Sub-funds that are money market funds,
- the value of money market instruments which are not listed on a stock exchange or traded on another regulated

market open to the public is based on the appropriate curves. The valuation based on the curves refers to the interest
rate and credit spread components. The following principles are applied in this process: for each money market instru-
ment, the interest rates nearest the residual maturity are interpolated. The interest rate calculated in this way is converted
into a market price by adding a credit spread that reflects the underlying borrower. This credit spread is adjusted if there
is a significant change in the credit rating of the borrower.

- interest income earned by sub-funds between the Order Date concerned and the respective Settlement Date may

be included in the valuation of the assets of the sub-funds concerned. The asset value per share on a given valuation date
may therefore include projected interest earnings.

(ii) For the other Sub-funds that do not fall under the regulation in subsection f (i), the following regulation shall apply:

For money market instruments, the valuation price will be gradually adjusted to the redemption price, based on the net
acquisition price and retaining the ensuing yield. In the event of a significant change in market conditions, the basis for the
valuation of the individual investments is brought into line with the new market yields.

g) Securities, money market instruments, derivatives and other investments that are denominated in a currency other

than the currency of account of the relevant sub-fund and which are not hedged by means of currency transactions are
valued at the middle currency rate (midway between the bid and offer rate) known in Luxembourg or, if not available,
on the most representative market for this currency.

g) Time deposits and fiduciary investments are valued at their nominal value plus accumulated interest.
h) The value of swap transactions is calculated by an external service provider, and a second independent valuation is

made available by another external service provider. The calculation is based on the net present value of all cash flows,
both inflows and outflows.

In some specific cases, internal calculations based on models and market data available from Bloomberg and/or broker

statement valuations may be used. The valuation methods depend on the respective security and are determined pursuant
to the UBS Global Valuation Policy.

The Company is authorised to apply other generally recognised and auditable valuation criteria in good faith in order

to achieve an appropriate valuation of the net assets if, due to extraordinary circumstances, a valuation in accordance
with the above-mentioned regulations proves to be unfeasible or inaccurate.

In extraordinary circumstances, additional valuations can be carried out over the course of the day. These new va-

luations will then be valid for subsequent issues and redemptions of units.

All valuation regulations and determinations shall be interpreted and made in accordance with generally accepted

accounting principles.

If since the time of determination of the net asset value there has been a material change in the quotations in the

markets on which a substantial portion of the investments of the Company attributable to the relevant Subfund are dealt
in or quoted, the Company may, in order to safeguard the interests of the shareholders and the Company, cancel the
first valuation and carry out a second valuation.

In the absence of bad faith, negligence or manifest error, every decision in calculating the net asset value taken by the

Board or by any bank, company or other organisation which the Board may appoint for the purpose of calculating the
net asset value (the «delegate of the board»), shall be final and binding on the Company and present, past or future
shareholders. "

11. To change the date of the annual general meeting of shareholders to 31 January of each year and to amend article

23 of the Articles of Incorporation accordingly.

12. Miscellaneous.
IV.- A first extraordinary general meeting, convoked upon the notices set forth in the minutes, with the same agenda

as the agenda of the present meeting indicated hereabove, was held on 2 May 2013 and could not validly decide on the
items of the agenda for lack of the legal quorum.

V.- It appears from the attendance list that, out of the 18,195,956 shares in issue, 9 shares are present or represented

at the Meeting. Pursuant to article 67-1(2) of the law of 10 August 1915 on commercial companies, as amended, the
Meeting is regularly constituted and may validly deliberate and decide upon the sole item of the agenda of the Meeting,
whatsoever the represented part of capital.

VI.- As a result of the foregoing, the present Meeting is regularly constituted and may validly decide on the items of

the agenda.

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U X E M B O U R G

After deliberation the meeting unanimously took the following resolutions:

First resolution

The meeting decides to replace any reference in the Articles of Incorporation to the Luxemburg law of 20 December

2002 by the reference to the law of 17 December 2010 relating to undertakings for collective investment (the "Law of
2010").

The Articles of Incorporation will henceforth read as follows:

Title I. Name - Registered office - Duration - Purpose

Art. 1. Name. There exists among the subscribers and all those who may become owners of shares hereafter issued,

a public limited company («société anonyme») qualifying as an investment company with variable share capital («société
d'investissement à capital variable») under the name of Multi Manager Access (hereinafter the «Company»).

Art. 2. Registered Office. The registered office of the Company is established in Luxembourg, Grand Duchy of Lu-

xembourg.

Branches, subsidiaries or other offices may be established either in the Grand Duchy of Luxembourg or abroad (but

in no event in the United States of America, its territories or possessions) by decision of the Board of Directors (herei-
nafter the «Board»).

In the event that the Board determines that extraordinary political, economic or social developments have occurred

or are imminent which would interfere with the normal activities of the Company at its registered office or with the ease
of communication between such office and persons abroad, the registered office may be temporarily transferred abroad
until the complete cessation of these abnormal circumstances; such provisional measures shall have no effect on the
nationality of the Company which, notwithstanding such temporary transfer, will remain a Luxembourg corporation.

Art. 3. Duration. The Company is established for an unlimited period of time. The Company may at any time be

dissolved by a resolution of the shareholders, adopted in the manner required for amendment of these Articles of In-
corporation by law.

Art. 4. Purpose. The exclusive purpose of the Company is to invest the funds available to it in transferable securities

and other assets permitted by law, within the limits of the investment policies and restrictions determined by the Board
pursuant to Article 17 hereof, with the purpose of diversifying investment risks and affording its shareholders the benefit
of the management of the assets of the Company's Subfunds.

The Company may take any measures and carry out any transaction which it may deem useful for the fulfilment and

development of its purpose to the largest extent permitted under the law of 17 December 2010 regarding undertakings
for collective investment or any legislative replacements or amendments thereof (hereinafter the "Law of 2010").

Title II. Share Capital- Shares - Net Asset Value

Art. 5. Share Capital. The capital of the Company shall at any time be equal to the total net assets of all Subfunds of

the Company as defined in Article 10 hereof and shall be represented by fully paid up shares of no par value, divided into
several categories, as the Board may decide to issue within the relevant Subfund.

The Board may decide, in accordance with Article 7, if and from which date shares of different categories shall be

offered for sale, those shares to be issued on terms and conditions as shall be decided by the Board. A portfolio of assets
shall be established for each Subfund of shares or for two or more categories of shares in the manner as described in
article 10 hereof.

Such shares may, as the Board shall determine, be of different classes corresponding to separate portfolios of assets

(each a «Subfund»), (which may as the Board may determine, be denominated in different currencies) and the proceeds
of the issue of shares of each Subfund be invested pursuant to Article 4 hereof for the exclusive benefit of the relevant
Subfund in transferable securities or other assets permitted by law as the Board may from time to time determine in
respect of each Subfund.

With regard to creditors the Fund is a single legal entity the assets of a particular Subfund are only applicable to the

debts, engagements and obligations of that Subfund. In respect of the relationship between the shareholders, each subfund
is treated as a separate entity.

The minimum capital shall be one million two hundred fifty thousand Euro (1,250,000.- EUR) and has to be reached

within six months after the date on which the Company has been authorised as a collective investment undertaking under
Luxembourg law.

The initial capital is three hundred thousand Euro (300,000,- EUR), divided into three thousands (3,000) fully paid up

shares of no par value, which belong to the Subfund Multi Manager Access - European Equities.

The Company has the power to acquire for its own account its shares at any time.

Art. 6. Form of Shares. The Board shall determine whether the Company shall issue shares in bearer and/or in regis-

tered form.

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U X E M B O U R G

Share certificates (hereinafter «the certificates))) of the relevant category of any Subfund will be issued; if bearer

certificates are to be issued, such certificates will be issued with coupons attached, in such denominations as the Board
shall prescribe.

Certificates shall be signed by two directors. Such signatures shall be either manual, or printed, or in facsimile. However,

one of such signatures may be made by a person duly authorised thereto by the Board, in which case, it shall be manual.

The Company may issue temporary certificates in such form as the Board may determine.
All issued registered shares of the Company shall be registered in the register of shareholders (hereinafter the «Re-

gister») which shall be kept by the Company or by one or more persons designated thereto by the Company, and such
register shall contain the name of each owner of registered shares, his residence or elected domicile as indicated to the
Company and the number of registered shares held by him and the amount paid up on each such share.

If bearer shares are issued, registered shares may be converted into bearer shares and bearer shares may be converted

into registered shares at the request of the holder of such shares. A conversion of registered shares into bearer shares
will be effected by cancellation of the registered share certificate, if any, and issuance of one or more bearer share
certificates in lieu thereof, and an entry shall be made in the register of shareholders to evidence such cancellation. A
conversion of bearer shares into registered shares will be effected by cancellation of the bearer certificate, and, if re-
quested, by issuance of a registered share certificate in lieu thereof, and an entry shall be made in the register of
shareholders to evidence such issuance. At the option of the Board, the costs of any such conversion may be charged to
the shareholder requesting it.

Before shares are issued in bearer form and before registered shares shall be converted into bearer form, the Company

may require assurances satisfactory to the Board that such issuance or conversion shall not result in such shares being
held by a non authorised person as defined in Article 9 hereof.

In case of bearer shares, the Company may consider the bearer as the owner of the shares; in case of registered shares,

the inscription of the shareholder's name in the register of shares evidences his right of ownership on such registered
shares. The Company shall decide whether a certificate for such inscription shall be delivered to the shareholder or
whether the shareholder shall receive a written confirmation of his shareholding.

If bearer shares are issued, transfer of bearer shares shall be effected by delivery of the relevant certificates. Transfer

of registered shares shall be effected (i) if certificates have been issued, upon delivering the certificate or certificates
representing such shares to the Company along with other instruments of transfer satisfactory to the Company, and (ii),
if no share certificates have been issued, by a written declaration of transfer to be inscribed in the register of shareholders,
dated and signed by the transferor and transferee, or by persons holding suitable powers of attorney to act therefore.
Any transfer of registered shares shall be entered into the register of shareholders.

Shareholders entitled to receive registered shares shall provide the Company with an address to which all notices and

announcements may be sent. Such address will also be entered into the register of shareholders.

In the event that a shareholder does not provide an address, the Company may permit a notice to this effect to be

entered into the register of shareholders and the shareholder's address will be deemed to be at the registered office of
the Company, or at such other address as may be so entered into by the Company from time to time, until another
address shall be provided to the Company by such shareholder. A shareholder may, at any time, change his address as
entered into the register of shareholders by means of a written notification to the Company at its registered office, or
at such other address as may be set by the Company from time to time.

If any shareholder can prove to the satisfaction of the Company that his share certificate has been mislaid or destroyed,

then, at his request, a duplicate certificate may be issued under such conditions and guarantees (including but not restricted
to a bond issued by an insurance company), as the Company may determine. At the issuance of the new share certificate,
on which it shall be recorded that it is a duplicate, the original certificate in replacement of which the new one has been
issued shall become void.

Mutilated certificates may be cancelled by the Company and replaced by new certificates.
The Company may, at its election, charge to the shareholder the costs of a replacement certificate and all reasonable

expenses incurred by the Company in connection with the issue and registration thereof or in connection with the voiding
of the original certificate.

The Company recognises only one single owner per share. If one or more shares are jointly owned or if the ownership

of such share(s) is disputed, all persons claiming a right to such share(s) have to appoint one single attorney to represent
such share(s) towards the Company. The failure to appoint such attorney implies a suspension of all rights attached to
such share(s).

The Company may decide to issue fractional shares. Such fractional shares shall not be entitled to vote but shall be

entitled to participate in the net assets of the Company on a pro rata basis. In the case of bearer shares, only certificates
evidencing full shares will be issued.

Art. 7. Issue and Conversion of Shares. Issue of shares
The Board is authorised without limitation to issue at any time additional shares of no par value fully paid up, in any

category within any Subfund, without reserving the existing shareholders a preferential right to subscribe for the shares
to be issued.

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U X E M B O U R G

When shares are issued by the Company, the net asset value per share is calculated in accordance with Article 10

hereof. The issue price of shares to be issued is based on the net asset value per share of the relevant category of shares
in the relevant Subfund, as determined in compliance with article 10 hereof plus any additional premium or cost as
determined by the Board and as disclosed in the current prospectus. Any taxes, commissions and other fees incurred in
the respective countries in which Company shares are sold will also be charged.

Shares will only be allotted upon acceptance of the subscription and receipt of payment of the issue price. The issue

price is payable within 5 Luxembourg business days after the relevant Calculation Day. The subscriber will without undue
delay, upon acceptance of the subscription and receipt of the issue price, receive title to the shares purchased by him.

Applications received by the paying agents and the sales agencies during normal business hours on a given Calculation

Day in Luxembourg shall be settled at the issue price calculated on the following Calculation Day in Luxembourg. Appli-
cations can be submitted for payment in the reference currency of the relevant Subfund or in another currency as may
be determined from time to time by the Board.

Applications for the issue and conversion of shares received by the paying agents and sales agencies after the deadline

mentioned above will be settled at the issue price or conversion price calculated on the next following Calculation Day.

The Board may delegate to any duly authorised director, manager, officer or to any other duly authorised agent the

power to accept subscriptions, to receive payment of the price of the new shares to be issued and to deliver them.

The Company at its discretion may accept subscriptions in kind, in whole or in part. However in this case the invest-

ments in kind must be in accordance with the respective Subfund's investment policy and restrictions. In addition these
investments will be audited by the Company's appointed auditor.

The Company may, in the course of its sales activities and at its discretion, cease issuing shares, refuse purchase

applications and suspend or limit in compliance with article 11 hereof, the sale for specific periods or permanently, to
individuals or corporate bodies in particular countries or areas. The Company may also at any time compulsorily redeem
shares from shareholders who are excluded from the acquisition or ownership of Company shares.

Conversion of shares
Any shareholder may request conversion of the whole or part of his shares corresponding to a certain Subfund into

shares of another Subfund, provided that the issue of shares by this Subfund has not been suspended and provided that
the Board may impose such restrictions as to, inter alia, the possibility or the frequency of conversion, and may make
conversion subject to payment of such charge, as it shall determine and disclose in the current prospectus. Shares are
converted according to a conversion formula as determined from time to time by the Board of Directors and disclosed
in the current sales prospectus.

Shareholders may not convert shares of one category into shares of another category of the relevant Subfund or of

another Subfund, unless otherwise determined by the Board of Directors and duly disclosed in the current prospectus.

The Board may resolve the conversion of one or several categories of shares of one Subfund into shares of another

category of the same Subfund, in the case that the Board estimates that it is no longer economically reasonable to operate
this or these categories of shares.

During the month following the publication of such a decision, as described in Article 24 hereafter, shareholders of

the categories concerned are authorised to redeem all or part of their shares at their net asset value - free of charge -
in accordance with the guidelines outlined in article 8.

Shares not presented for redemption will be exchanged on the basis of the net asset value of the corresponding

category of shares calculated for the day on which this decision will take effect.

The same procedures apply to the submission of conversion applications as apply to the issue and redemption of

shares. This conversion will be effected at the rounded net asset value increased by charges and transaction taxes, if any.
However, the sales agency may charge an administrative fee which may be fixed by the Company.

Art. 8. Redemption of Shares. Any shareholder may request the redemption of all or part of his shares by the Company,

under the terms and procedures set forth by the Board in the sales documents for the shares and within the limits provided
by law and these Articles.

Payment of the redemption price will be executed in the reference currency of the relevant Subfund or in another

currency as may be determined from time to time by the Board, within a period of time determined by the Board which
will not exceed 5 business days after the relevant Calculation Day.

The redemption price is based on the net asset value per share less a redemption commission if the Board so decides,

whose amount is specified in the sales prospectus for the shares. Moreover, any taxes, commissions and other fees
incurred in the respective countries in which Company shares are sold will be charged.

If as a result of any request for redemption, the number or the aggregate net asset value of the shares held by any

shareholder would fall below such number or such value as determined by the Board, then the Company may decide that
this request be treated as a request for redemption for the full balance of such shareholder's holding of shares.

Further, if on any Calculation Day redemption and conversion requests pursuant to this article exceed a certain level

determined by the Board in relation to the number of shares in issue in any Subfund, the Board may decide that part or
all of such requests for redemption or conversion will be deferred for a period and in a manner that the Board considers

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to be in the best interests of the relevant Subfund. On the next Calculation Day following that period, these redemption
and conversion requests will be met in priority to later requests.

A redemption request shall be irrevocable, except in case of and during any period of suspension of redemption. Any

such request must be filled by the shareholder in written form (which, for these purposes includes a request given by
cable, telegram, telex or telecopier, or any other similar way of communication subsequently confirmed in writing) at the
registered office of the Company or, if the Company so decides, with any other person or entity appointed by it as its
agent for redemption of shares, together with the delivery of the certificate or certificates for such shares in proper form
and accompanied by proper evidence of transfer or assignment.

The Board may impose such restrictions as it deems appropriate on the redemption of shares; the Board may, in

particular, decide that shares are not redeemable during such period or in such circumstances as may be determined
from time to time and provided for in the sales documents for the shares.

In the event of an excessively large volume of redemption applications, the Company may decide to delay execution

of the redemption applications until the corresponding assets of the Company are sold without unnecessary delay. On
payment of the redemption price, the corresponding Company share ceases to be valid.

All redeemed shares shall be cancelled.
The Company at its discretion may at the request of the investor accept redemptions in kind. In addition these re-

demptions (1) must not have negative effect for the remaining investors and (2) will be audited by the Company's appointed
auditor.

Art. 9. Restrictions on Ownership of Shares. The Company may restrict or prevent the ownership of shares in the

Company by any person, firm or corporate body, namely any person in breach of any law or requirement of any country
or governmental authority and any person which is not qualified to hold such shares by virtue of such law or requirement
or if in the opinion of the Company such holding may be detrimental to the Company, if it may result in a breach of any
law or regulation, whether Luxembourg or foreign, or if as a result thereof the Company may become subject to laws
(including without limitation tax laws) other than those of the Grand Duchy of Luxembourg.

Specifically but without limitation, the Company may restrict the ownership of shares in the Company by any non

authorised persons, as defined in this Article, and for such purposes the Company may:

A.- decline to issue any shares and decline to register any transfer of a share, where it appears to it that such registry

or transfer would or might result in legal or beneficial ownership of such shares by a non authorised person or a person
holding more then a certain percentage of capital determined by the Board («non authorised person»); and

B.- at any time require any person whose name is entered in, or any person seeking to register the transfer of shares

on the register of shareholders, to furnish it with any information, eventually supported by affidavit, which it may consider
necessary for the purpose of determining whether or not beneficial ownership of such shareholder's shares rests in an
authorised person, or whether such registry will result in beneficial ownership of such shares by a non authorised person;
and

C.- decline to accept the vote of any non authorised person at any meeting of shareholders of the Company; and
D.- where it appears to the Company that any non authorised person either alone or in conjunction with any other

person is a beneficial owner of shares, direct such shareholder to sell his shares and to provide to the Company evidence
of the sale within thirty (30) days of the notice. If such shareholder fails to comply with the direction, the Company may
compulsorily redeem or cause to be redeemed from any such shareholder all shares held in the following manner:

(1) The Company shall serve a second notice (the «purchase notice») upon the shareholder holding such shares or

appearing in the register of shareholders as the owner of the shares to be purchased, specifying the shares to be purchased
as aforesaid, the manner in which the purchase price will be calculated and the name of the purchaser.

Any such notice may be served upon such shareholder by posting the same in a registered envelope addressed to such

shareholder at his last address known to or appearing in the books of the Company. The said shareholder shall thereupon
forthwith be obliged to deliver to the Company the share certificate or certificates representing the shares specified in
the purchase notice.

Immediately after the close of business on the date specified in the purchase notice, such shareholder shall cease to

be the owner of the shares specified in such notice and, in the case of registered shares, his name shall be removed from
the register of shareholders, and in the case of bearer shares, the certificate or certificates representing such shares shall
be cancelled.

(2) The price at which each such share is to be purchased (the «purchase price») shall be an amount based on the net

asset value per share as at the Calculation Day specified by the Board for the redemption of shares in the Company next
preceding the date of the purchase notice or next succeeding the surrender of the share certificate or certificates re-
presenting the shares specified in such notice, whichever is lower, all as determined in accordance with Article 8 hereof,
less any service charge provided therein.

(3) Payment of the purchase price will be made available to the former owner of such shares normally in the currency

fixed by the Board for the payment of the redemption price of the shares of the Company and will be deposited for
payment to such owner by the Company with a bank in Luxembourg or elsewhere (as specified in the purchase notice)
upon final determination of the purchase price following surrender of the share certificate or certificates specified in such

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notice and unmatured distribution coupons attached thereto. Upon service of the purchase notice as aforesaid such
former owner shall have no further interest in such shares or any of them, nor any claim against the Company or its
assets in respect thereof, except the right to receive the purchase price (without interest) from such bank following
effective surrender of the share certificate or certificates as aforesaid. Any funds receivable by a shareholder under this
paragraph, but not collected within a period of five years from the date specified in the purchase notice, may not thereafter
be claimed and shall revert to the relevant Subfund. The Board shall have power from time to time to take all steps
necessary to perfect such reversion and to authorise such action on behalf of the Company.

(4) The exercise by the Company of the powers conferred by this Article shall not be questioned or invalidated in any

case, on the ground that there was insufficient evidence of ownership of shares by any person or that the true ownership
of any shares was otherwise than appeared to the Company at the date of any purchase notice, provided in such case
the said powers were exercised by the Company in good faith.

Art. 10. Calculation of Net Asset Value per Share. The net asset value of one Subfund share results from dividing the

total net assets of the Subfund by the number of its shares in circulation. The net assets of each Subfund are equal to the
difference between the asset values of the Subfund and its liabilities. The net asset value per share is calculated in the
reference currency of the relevant Subfunds and may be expressed in such other currencies as the Board may decide.

Referring to Subfunds for which different categories of shares have been issued, the net asset value per share is

calculated for each category of shares. To this effect, the net asset value of the Subfund attributable to the relevant
category is divided by the total outstanding shares of that category.

If on any trading day the total number of subscription and redemption applications for all share classes in a sub-fund

leads to a net cash in-or outflow, the net asset value of the share classes may be adjusted for that trading day. The
maximum adjustment may extend up to a certain percentage (%) of the net asset value (prior to the adjustment). Both
the estimated transaction costs and taxes incurred by the sub-fund may be taken into account and the estimated bid/offer
spread for the assets in which the sub-fund invests may be considered. The adjustment will result in an increase in the
net asset value in the event of a net cash inflow into the sub-fund concerned. It will result in a reduction in the net asset
value in the event of a net cash outflow from the sub-fund concerned. The Board of Directors may lay down a threshold
figure for each sub-fund in the Company's sales documents. This may consist in the net movement on a trading day in
relation to net company assets or to an absolute amount in the currency of the sub-fund concerned. The net asset value
would be adjusted only if this threshold were to be exceeded on a given trading day.

The total net assets of the Company are expressed in EUR and correspond to the difference between the total assets

of the Company and its total liabilities. For the purpose of this calculation, the net assets of each Subfund, if they are not
denominated in EUR, are converted into EUR and added together.

I. The assets of the Subfunds shall include:
1) all cash in hand, receivable or on deposit, including any interest accrued thereon;
2) all bills and notes payable on demand and any account due (including the proceeds of securities sold but not yet

collected);

3) all securities, shares, bonds, time notes, debentures, debenture stocks, subscription rights, warrants, options, and

other securities, money market instruments and similar assets owned or contracted for by the Company;

4) all interest accrued on any interest-bearing assets owned by the relevant Subfund except to the extent that the

same is included or reflected in the principal amount of such asset;

5) the preliminary expenses of the relevant Subfund, including the cost of issuing and distributing shares of the Company,

insofar as the same have not been written off;

6) all other assets of any kind and nature including expenses paid in advance.
The value of the assets held by each Subfund is calculated as follows:
a) The value of any cash -either in hand or on deposit -as well as bills and demand notes and accounts receivable,

b) Securities, derivatives and other investments listed on a stock exchange are valued at the last known market prices.

In the case of securities, derivatives and other investments little traded on a stock exchange and for which a secondary

c) Securities and other investments that are not listed on a stock exchange or traded on any other regulated market,

and for which no reliable and appropriate price can be obtained, will be valued by the Company according to other
principles chosen by it in good faith on the basis of the likely sales prices.

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d) The valuation of derivatives that are not listed on a stock exchange (OTC derivatives) is made by reference to

independent pricing sources. In case only one independent pricing source of a derivative is available, the plausibility of the
valuation price obtained will be verified by employing methods of calculation recognised by the Company and the auditors,
based on the market value of the underlying instrument from which the derivative is derived.

e) Units or shares of other undertakings for collective investment in transferable securities ("UCITS") and/or under-

f) (i) For Sub-funds that are money market funds,
- the value of money market instruments which are not listed on a stock exchange or traded on another regulated

- interest income earned by sub-funds between the Order Date concerned and the respective Settlement Date may

be included in the valuation of the assets of the sub-funds concerned. The asset value per share on a given valuation date
may therefore include projected interest earnings.

(ii) For the other Sub-funds that do not fall under the regulation in subsection f (i), the following regulation shall apply:

g) Securities, money market instruments, derivatives and other investments that are denominated in a currency other

h) Time deposits and fiduciary investments are valued at their nominal value plus accumulated interest.
i) The value of swap transactions is calculated by an external service provider, and a second independent valuation is