Change of Investment Policy to underlying fund of J74/R173 Investec GS Global Strategic Equity

14 November 2016

We have been informed by Investec of a change to the Investment Policy of the underlying fund into which J74/R173 Investec GS Global Strategic Equity invests, effective from 30 November 2016.

Within the underlying fund’s prospectus the Investment Policy will be amended as stated below:

“The Sub-Fund may use derivatives for the purposes of hedging onlyand/or efficient portfolio management.”

For further details, please select from the options below the appropriate letter for you.

Client letter for Singapore Investors

Client letter for Rest of World Investors

All other details of the underlying funds and the Friends Provident International funds remain unchanged.

Should you have any questions regarding this change, please contact International Funds & Investments.