S.L. 386.2 Art. 5Multi class company.

(1) A SICAV may be constituted as a multi class company, if in terms of its memorandum of association, its share capital is, or is capable of being, divided into different classes of shares not constituting any distinct sub-fund.

(2) A multi class company may, with the written approval of the Competent Authority, issue a new class or classes of shares. Such class or classes of shares shall not constitute a distinct sub-fund or sub-funds of the company.

(3) Each class of shares in a multi class company may be denominated in a different currency provided that a class of shares may be denominated only in one currency.

(4) A multi class company may not elect for the segregation of any of its assets and liabilities.