Aberdeen Global - Hozam Plaza

NOTES TO THE FINANCIAL STATEMENTS CONTINUEDA charge payable to the Global Distributor of up to 1% of the Net Asset Value of the Shares being switched may be made.In the case of Emerging Markets Infrastructure Equity, Brazil Bond and Brazil Equity, investors (with the exception of holders of Class C Shares),may exchange their Shares for another Class of Share in Emerging Markets Infrastructure Equity, Brazil Bond and Brazil Equity with the priorconsent of the Global Distributor and provided (where appropriate) they have a suitable agreement in place with the Investment Manager orone of its Associates and/or they qualify as an Institutional Investor and comply with the minimum investment requirements (and additionallyin respect of Class N these Shares may only be acquired by fund of funds type undertakings for collective investment in the form of unit trustsor corporate type funds, which are distributed primarily in Japan). Holders of Class C Shares of Emerging Markets Infrastructure Equity, BrazilBond and Brazil Equity may not exchange their Shares for Shares of another Class within Emerging Markets Infrastructure Equity, Brazil Bondand Brazil Equity. Shares in the same Class may be exchanged between Accumulation and Distribution Shares within the same Class of Shareof Emerging Markets Infrastructure Equity, Brazil Bond and Brazil Equity. Investors in Emerging Markets Infrastructure Equity, Brazil Bond andBrazil Equity may not exchange their Shares for Shares of the same or another Class in any other Fund. Similarly, Shareholders of any otherFund may not exchange their Shares for any Class of Share in Emerging Markets Infrastructure Equity, Brazil Bond and Brazil Equity.In the case of Frontier Markets Equity, investors may exchange their Shares for another Class of Share in Frontier Markets Equity with the priorconsent of the Global Distributor and provided they enter into a Frontier Markets Equity Share Purchase Agreement with the InvestmentManager or one of its Associates.Shares in the same Class may be switched between Accumulation and Distribution Shares within the same Class of Share of Frontier MarketsEquity. Investors in Frontier Markets Equity may not exchange their Shares for Shares of the same or another Class in any other Fund. Similarly,Shareholders of any other Fund may not exchange their Shares for any Class of Share in Frontier Markets Equity.3.11 Dilution adjustmentFrequent subscriptions and redemptions can potentially have a dilutive effect on the Fund’s NAV per share and be detrimental to the longterm investors as a result of the transaction costs that are incurred by the Fund in relation to the trades undertaken by the InvestmentManager.As detailed in the Prospectus the Board of Directors’ current policy through delegation to the Investment Managers’ Investor ProtectionCommittee (“IPC”) is normally to impose a dilution adjustment to the NAV of each Class of Shares, as follows:• a dilution rate is applied whenever net subscriptions or redemptions exceeds 5% of the total net asset value on a dealing day, or any otherthreshold determined by the Board of Directors (having considered prevailing market conditions).• for Brazil Bond all capital transactions are dilutable.The dilution adjustment will be recorded in the relevant Fund’s NAV and becomes part of the relevant Fund’s NAV.The dilution adjustment is a percentage adjustment applied to each share class in a Fund on a dealing day determined on the basis ofestimates of any dealing charges (including commission and/or other costs) and/or any bid/offer spread that the Board of Directors believesare appropriate to take into account in respect of that Fund. Such dealing charges will reflect costs and liabilities not included in thecalculation of the NAV of the relevant class.A periodical review is undertaken in order to verify the appropriateness of the dilution factor being applied. The NAV per share disclosed in thefinancial statements excludes any year end dilution adjustments but is adjusted for the items disclosed in note ‘1.3 Presentation of financialstatements’.4 EXPENSES4.1 Administration feesAdministration fees will not exceed 0.05% per annum (plus VAT, if any) of the NAV of the Company as determined on the last dealing day ofeach month with a minimum amount payable of £32,500 per annum.4.2 Custodian feesThe Custodian Bank receives a safekeeping fee based on the market value of the stock involved and where it is registered, which will notexceed 2% per annum (plus VAT, if any) of the net assets of the Company as determined on the last dealing day of the month.The custodian also receives transaction fees based on the number of transactions made by each Fund and reasonable out of pocket expenses.4.3 Distribution feesClass B and Class C shares are subject to an annual distributor fee of 1% in lieu of an initial sales charge. These fees are accrued daily and paidmonthly in arrears.212 Aberdeen Global