STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release                                                                                                                   2 July, 2012

 Traditional Funds plc (the "Company")

Re: Change of Name of Share Classes

The Directors of the Company wish to announce that with effect from, 2 July 2012, the names of certain share classes in various sub-funds of the Company have been changed, as per below:

Change to Subscription/Redemption Cut-Off Times

The Directors also wish to advise with effect from 2 July 2012, the subscription and redemption cut-offs in respect of the Thames River Emerging Asia Fund and the Thames River Global Emerging Markets Fund has been changed from 4.00pm (Dublin time) to 3.00pm (Dublin time).  The slightly earlier subscription cut-off time is intended to assist the investment of the subscription amounts before closure of the Relevant Funds' markets.

Distribution policy changes

The distribution policy for the Distributing Shares in the following Sub-Funds is being altered in order to reflect changing from the UK distributor status taxation rules to the UK reporting fund rules - Thames River European Absolute Return Fund, Eastern European Fund, Thames River Global Emerging Markets Fund, Thames River Emerging Asia Fund, Thames River Water and Agriculture Absolute Return Fund and Thames River Global Emerging Markets Absolute Return Fund.

UK distributor status required even quite small amounts of net income received by a Sub-Fund to be paid out to Shareholders as a dividend, but UK reporting fund rules give more discretion to the Directors to allow income to accumulate in a Sub-Fund for the benefit of Shareholders. This enables the Directors to consider other relevant factors, such as the cost to the Sub-Fund of making the distribution payments, when deciding whether or not to make a distribution. 

Shareholders holding Distributing Shares in the above-mentioned Sub-Funds should note the amended distribution policy outlines that the Directors do not anticipate that the Fund will generate an amount of income sufficient to pay a dividend to the holders of Distributing Shares of the Fund.  However, if sufficient income is generated in any financial year the Directors have discretion to pay such amount as a dividend as they consider to be appropriate, relative to the costs of making such distribution. Any such dividends are paid annually on or after the end of the financial year.

Enquiries:

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.