Aberdeen Investment Funds ICVC - Aberdeen Asset Management

Provision of Administration services
The Manager employs the company shown below to provide part of the administration services to each Fund.
International Financial Data Services (UK) Limited is a company limited by shares and incorporated in England and Wales on 10
December 1991 with its Registered Office at IFDS House, St Nicholas Lane, Basildon, Essex, SS16 5FS. It is authorised and regulated
by the FSA.
Provision of Fund Accounting services
The Manager employs the company below to provide fund accounting services to each Fund.
BNP Paribas Fund Services UK Limited is a company limited by shares and incorporated in England and Wales on 8 January 1997
with its Registered Office at 55 Moorgate, London, EC2R 6PA. It is authorised and regulated by the FSA.
Conflicts of Interest
The Depositary or any associate of the Depositary, or of any Investment Adviser may (subject to the COLL Sourcebook) hold
money on deposit from, lend money to, or engage in stocklending transactions in relation to the Company, so long as the services
concerned are provided at arm’s length terms.
The Depositary, the ACD or any Investment Adviser or any associate of any of them may sell or deal in the sale of property to the
Company or purchase property from the Company provided the applicable provisions of the COLL Sourcebook are applied and
observed.
Subject to compliance with the COLL Sourcebook the ACD may be party to or interested in any contract, arrangement or
transaction to which the Company is a party to or in which it is interested. The ACD is entitled at its own discretion to determine the
terms of its appointment as such, and consequently to amend the terms of the Service Agreement referred to on page 36.
The Depositary, the ACD, or any Investment Adviser or any associates of any of them will not be liable to account to the Company
or any other person, including the holders of shares or any of them, for any profit or benefit made or derived from or in connection
with:
(a)
(b)
(c)
their acting as agent for the Company in the sale or purchase of property to or from the Funds; or
their part in any transaction for the supply of services permitted by the COLL Sourcebook; or
their dealing in property equivalent to any owned by (or dealt in for the account of) the Company.
Liability and Indemnity
With the exceptions mentioned below:
• the ACD, the Depositary and the Auditors are each entitled under the Instrument of Incorporation of the Company to be
indemnified against any loss, damage or liability incurred by them in or about the execution of their respective powers and
duties in relation to the Company; and
• the ACD and the Depositary are, under the terms of their respective agreements with the Company, exempted from any
liability for any loss or damage suffered by the Company.
The above provisions will not, however, apply in the case of:
• any liability which would otherwise attach to the ACD or the Auditors in respect of any negligence, default, breach of duty
or trust in relation to the Company;
• any liability on the part of the Depositary for any failure to exercise due care and diligence in the discharge of its functions;
• any breach by the ACD or the Depositary of their respective obligations under the Financial Services And Markets Act 2000
or any rules made under or in pursuance of that Act.
Rebate of Fees; Commission
The ACD may at its sole discretion rebate its initial, or annual management charge in respect of any application for, holding of,
shares. Similarly the Company may rebate or waive its charges in relation to any exchange of shares. A proportion of the initial
charge may be rebated to the introducer (the investor’s financial intermediary) in the form of commission payment. The investor
should check with the intermediary the amount of commission he has received.
Best execution
Details of the ACD’s Execution Policy are available to investors free of charge from the ACD’s head office.
Aberdeen Investment Funds ICVC Prospectus November 2011 75