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Result of election meeting

SKAGEN's election meeting was held on Thursday 8 March 2018, at the Radisson BLU Atlantic Hotel in Stavanger, Norway. These are the results of the meeting.

Date: 21/03/18

At the election meeting Per Gustav Blom was reelected as Board Member elected by the unit holders for a period of two years until the election meeting in 2020 with 100 percent of the votes.

Aina Haug was reelected as Deputy Board Member elected by the unit holders for a period of two years until the election meeting in 2020 with 100 percent of the votes.

Terje Vareberg was reelected as member of the election committee until the election meeting in 2021 with 100 percent of the votes.

Board of directors

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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