Appendix

Frontier Market Open-end Funds as of May 2013

GLOBAL FRONTIER FUNDS

European Registered

Barings Frontier Markets Fund

Charlemagne Magna New Frontiers Fund

HSBC GIF Frontier Markets

Lloyd George (LG) Frontier Markets Fund

Renaissance Frontier Markets Fund

Sarasin EmergingSar–New Frontiers

Schroder ISF Frontier Markets Equity

Templeton Frontier Markets (Closed to new investors from June 30, 2013.)

U.S. Registered

Harding Loevner Frontier Emerging Markets (HLEMX)

HSBC Frontier Markets Fund (HSFAX)

Morgan Stanley Investment Management's Frontier Emerging Markets (MFMIX)

Templeton Frontier Markets (TFMAX) (Closed to new investors from June 30, 2013.)

Canadian Registered

Templeton Frontier Markets (Closed to new investors from June 30, 2013.)

EMERGING EUROPEAN EX-RUSSIA FUNDS

European Registered

Aviva Investors European Convergence Fund

Parvest Equity Europe Converging

SEB Eastern Europe ex-Russia Fund

U.S. Global Eastern Europe Fund (EUROX)

U.S. Registered

U.S. Global Investors Eastern Europe Fund

AFRICAN FUNDS

European Registered

Alquity Africa

Bellevue Funds African Opportunities

Charlemagne Africa Fund

Coronation Universal Fund–African Frontiers Fund

DWS Africa

Invest AD Emerging Africa Fund

Investec Global Strategy Fund–Africa Opportunities

JP Morgan Funds–Africa Equity

Julius Baer Multistock–Africa Opportunities

Julius Baer Multistock–Northern Africa

Neptune Africa

Nordea–1 African Equity Fund

Renaissance Pan-African Fund

Renaissance Sub-Saharan Fund

Sanlam ...

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