Important changes to the Ignis UK Property Fund

22 October 2010

The Fund's liquidity range stated in the investment policy was as follows:

"It is expected that liquidity in the Fund will normally range between 0-5%, however, it may fall outside this range from time to time."

Ignis feel it is in unitholders' interest to allow the fund the flexibility to have a larger cash holding. Updating the investment policy allows the manager a wider and more realistic cash parameter and therefore more scope to manage liquidity within the Fund.

The investment policy of the Ignis UK Property Fund has been amended to:

"It is expected that liquidity in the Fund will normally range between 0-20%, however, it may fall outside this range from time to time."

This change did not alter the risk profile of the scheme, nor did it change the schemes nature or purpose.  The change took effect on 11 October 2010.

The change was agreed by the Fund's Trustee and the Financial Services Authority confirmed that the change will not affect the ongoing authorisation of the unit trust.