IMPORTANT: This letter is important and requires your immediate attention. If you have any
questions about the content of this letter, you should seek independent professional financial advice.
18 August, 2016
Source Markets plc (the "Company")
Source Man GLG Europe Plus UCITS ETF (the "Fund")
Share Class: A; ISIN: IE00B59D1459
Dear Shareholder
We are writing to you as a Shareholder in the Fund to inform you that the Board of Directors has,
with regret, determined that, pursuant to Clause 10 Appendix II of the Memorandum & Articles of Association of the Company
(the "M&A"), it is in the best interests of the Shareholders to terminate the Fund as of 21
September, 2016 (the "Termination Date").
The decision of the Board of Directors to terminate the Fund is based on notification from the
Strategy Manager that the Strategy Manager will shortly discontinue the business of the management and maintenance of the
Reference Strategy, such that it will no longer be available to be used by an exchange traded fund.
Therefore, in accordance with the above provisions of the M&A and the Prospectus of the
Company, we hereby give notice of our intention, as Directors of the Company to:
i) cancel the listing of the Fund and the right of
the Fund to be traded on any relevant stock exchanges with effect from close of business on 19 September, 2016;
ii) terminate the Fund with effect from 21 September,
2016,
and to proceed with the compulsory repurchase of all outstanding shares of the Fund.
PROPOSED TIMETABLE
Key
Dates
Event
19 September,
2016
Final Exchange Trade Date (on Secondary Markets where the Shares are listed)
20 September,
2016
Final Dealing Date (on Primary Market)
21 September,
2016
Termination Date - Repurchase Trade Date
28 September,
2016
Repurchase Settlement Date
ADDITIONAL INFORMATION
Requests for repurchase or subscription for shares in the Fund may be made in the usual manner in
accordance with the Prospectus and supplement for the Fund (the "Supplement") until 20 September,
2016.
The following terms and conditions of such compulsory repurchase shall apply as of the Termination
Date:
1. the Fund shall be terminated and the repurchase price for
each Class of Shares of the Fund will be determined by reference to the Net Asset Value of the respective Class of Shares of the
Fund as of the Termination Date. The costs in relation to the termination will be borne by the Manager.
2. no repurchase charge will be applied;
3. the repurchase proceeds will be paid in the Base Currency
(EUR) to all Shareholders;
4. the payment of the repurchase proceeds resulting from the
compulsory repurchase will take place at the latest on 28 September, 2016; and
5. following the payment of the repurchase proceeds in respect
of the Fund, application will be made to the Central Bank of Ireland for the withdrawal of approval of the Fund.
Shareholders who subscribe or repurchase Shares in the Fund on the primary market are entitled to
repurchase their Shares in the Fund in accordance with the Prospectus. Please note that the Company does not charge any
repurchase fee for the sale of Shares in the secondary market. Orders to sell Shares through a stock exchange can be placed via
an authorised intermediary or stockbroker. However, Shareholders should note that orders in the secondary market may incur costs
over which the Company has no control and to which the above disapplication of the repurchase charge does not apply.
Shareholders may obtain the Prospectus, a copy of the Supplement, the key investor information
documents, the latest annual and semi-annual reports and copies of the M&A free of charge from the registered office of the
Manager or the local representatives in the countries where the Company is registered and in Switzerland
at BNP Paribas Securities Services, Paris, succursale de Zurich, Selnaustrasse 16, 8002 Zurich which is the Swiss representative
and paying agent as well as from the German information agent Marcard, Stein & Co AG, Ballindamm 36, 20095 Hamburg, Germany
and where applicable on the website of the Company - www.SourceETF.com.
Any further information in relation to the termination of the Fund may be obtained from the offices
of foreign representatives or by sending an email to invest@SourceETF.com.
Shareholders should consult their own professional advisers as to the specific tax implications of
the termination under the laws of the countries of their nationality, residence, domicile or incorporation.
All capitalised terms used in this notice shall bear the same meaning as the capitalised and
defined terms used in the Prospectus of the Company and in the Supplement of the Fund.
If you have any queries arising from this notice, please call Source on +44 (0)20 3370 1113 or
contact us at invest@SourceETF.com.
Yours sincerely
_________________
For and on behalf of
Source Markets plc