LGT Dynamic Protection Sub-Fund

The investment objective of the Sub-Fund is to generate capital gains primarily in phases of elevated uncertainty across financial markets while preserving capital under normal market conditions. The Directors expect that the Net Asset Value per Share of the Sub-Fund will have low to very high volatility and the level of volatility may vary significantly over time. There can be no assurance that the Sub-Fund will achieve its investment objective and investment results may vary substantially on a monthly, quarterly and annual basis, and over the course of a market cycle.