MODIFICATION NOTICE

To	IPS Capital Ltd in relation to Global Single Div Stock ETF Umbrella OEIC PLC
Business Identification Number	230740900405
Permitted Activity	- Managing Investments - Managing a Collective Investment Scheme
The address of the Registered Office	55/23 Mangilik El, office 133, Astana, Kazakhstan

THE ASTANA FINANCIAL SERVICES AUTHORITY HEREBY GIVES NOTICE THAT:

The Rule specified in the left-hand column of Table A is modified to the extent shown in the right-hand column of Table A, and the right-hand column of Table A applies to IPS Capital Ltd in relation to Global Single Div Stock ETF Umbrella OEIC PLC In this table, underlining indicates new text and striking through indicates deleted text; otherwise, the Rule remains unaltered.

TABLE A. Modified Rule

AIFC Act

Modified Rule

AIFC Collective Investment Scheme Rules,

Rule 8.2(a)

8.2. Requirement for Fund Administrator

(a) A Fund to which this chapter applies must have an Eligible Custodian ~~and a Fund Administrator, in both cases~~ acceptable to the AFSA. This is subject to the exception to appoint an Eligible Custodian contained in Rule 8.2(b) and Rule 8.2(e).

EFFECTIVE PERIOD

This notice comes into effect on the date of incorporation of the Global Single Div Stock ETF Umbrella OEIC PLC and remains in force for a period of 1 year or until the Fund’s assets under management reach 10,000,000 USD.

INTERPRETATION

Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the AIFC Glossary. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

THIS NOTICE IS ISSUED PURSUANT TO SECTION 9 OF THE FINANCIAL SERVICES FRAMEWORK REGULATIONS BY THE ASTANA FINANCIAL SERVICES AUTHORITY.

AFSA Notice № AFSA-T-OA-2025-0103 from 3 April 2025 On modification of the requirement to have a Fund Administrator under AIFC Collective Investment Scheme Rules