The Open-Ended Investment Companies Regulations 2001 No. 1228

Valid from 01/12/2001

SCHEDULE 5 U.K. AUDITORS

Appointment U.K.

6.—(1) The directors of a company, or the company in general meeting, may fill a casual vacancy in the office of auditor. U.K.

(2) While such a vacancy continues, any surviving or continuing auditor or auditors may continue to act.