Opal Funds (Ireland) plc - Scheme of Reorganisation

Please be advised that the merger and transfer of the assets of the two sub-funds of Opal Funds (Ireland) plc to Deutsche Bank (PAM) SICAV - Absolute Diversified was completed on 1st September 2008.

Enquiries about your new shareholdings should now be directed to the Administrator and Transfer Agent of the Deutsche Bank (PAM) SICAV, Banque Privée Edmond de Rothschild Europe, on +352 24 88 2693. Alternatively please contact the Opal broker desk on +44 808 100 1166 or e-mail us at enquiries@opalfunds.com