UPDATE IN RELATION TO THE LM MANAGED PERFORMANCE FUND

Please note that KordaMentha, the Trustees of the LM Managed Performance Fund (“the Fund”), have recently shared their 24^th circular with updates on the status and ongoing processes in relation to the upcoming distribution, which they expect to be completed by the end of the first quarter of 2022. We shall provide all clients with holdings in the fund a copy with of the circular for their review and information.

We take this opportunity to remind you that the Company’s accounts are currently still held by a freezing order and as such Court approval is required before any moneys can be paid out of these accounts to clients. Mr Spiteri continues to liaise with the Courts for the authorisation of the payment of client monies. Any payments received by Zenith from the Fund with respect to Nominee accounts are subject to such authorisation before they can be paid out to clients. Once the court provides direction on this matter, we will advise all clients accordingly and provide guidance on the way forward.

For any further information or assistance please do not hesitate to contact us on (+356) 21332200 or via email at info@zenithgroup.mt.