Appointment of Directors

The Board of Directors (the "Board") of the Company wish to announce that Karl Wianecki has been appointed to the Board with effect from 16 August 2016.

Karl Wianecki is chief operating officer of the international business of Goldman Sachs Asset Management ("GSAM"), responsible for all operational aspects of GSAM in EMEA and Asia Pacific. Prior to his current role, Mr. Wianecki served as chief operating officer for GSAM Asia and for GSAM distribution globally. Previously, he was co-treasurer of GSAM, where he was responsible for financing and liquidity risk management. Mr. Wianecki joined GSAM in 2005 as the chief operating officer of the Quantitative Resources Group. Mr. Wianecki joined Goldman Sachs in 2000 as a vice president in the Finance Division and was named managing director in 2007.  Earlier in his career, Mr. Wianecki was an executive director at CIBC World Markets from 1997 to 1999 and a senior vice president at Oppenheimer & Co. from 1991 to 1997. Mr. Wianecki earned a BS in Finance from Bloomsburg University in 1991 and an MBA from New York University in 1997.

Save as disclosed herein, no further information is required to be disclosed in relation to Mr Wianecki under the Irish Stock Exchange's listing requirements for investment funds.

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange