REPORT OF THE BOARD OF THE IRISH

STOCK EXCHANGE

CANCELLATION NOTICE

Irish Stock Exchange

28 Anglesea Street

Dublin 2

5th July 2012

Listing and trading of the under mentioned securities has been cancelled with effect from 5th July 2012.            

JUBILEE ABSOLUTE RETURN FUND PCC LIMITED

Jubilee Absolute Equity Fund

Class A Sterling Shares - May 2008 GG00B2RJ9V79

Class A USD Shares - Oct 2010 GG00B4NJFX92

Investment Fund

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.