Dear Sir/Madam,

The Association of the Luxembourg Fund Industry, ALFI, is pleased to inform you of its Swiss roadshowtaking place on:

Monday, 30 September ~ Kempinski HotelQuai du Mont-Blanc 191201 Genevawww.kempinski.com

Tuesday, 1 October ~ Marriott HotelNeumuehlequai 428001 Zurichwww.zurichmarriott.com

Note: in Geneva, the plenary sessions will be held in French and in Zurich in German. In both Geneva andZurich, the roundtable on Responsible Investing and the workshops will be held in English.

The roadshow occurs at a watershed moment for the industry, as the long-awaited AlternativeInvestment Fund Managers Directive (AIFMD) finally comes into force. AIFMD promises to change thelandscape for how firms attract and manage their assets. Expert panelists will outline operationalsolutions and techniques that will help asset managers and service providers to succeed in the newenvironment.

Luxembourg, being a world leader in cross-border fund distribution, provides global fund managementfirms with a standard that is recognized and trusted across the globe. The seminars will highlight howthe unequalled distribution expertise available in Luxembourg can best be applied to the AIFMDframework.

The seminars also feature interactive sessions on the continuing opportunities provided by UCITS. TheUCITS brand is today recognised worldwide, and UCITS are the only truly globally-distributedinvestment fund products. As a result, more and more asset managers are establishing UCITS funds inorder to implement their global distribution strategies. Luxembourg, with altogether 2,565 billion euros(at 30th April 2013) in net assets under management, has been a leader in the UCITS market for morethan 20 years now and its endeavour is to repeat this success in the alternatives sphere as well.

The programmes will also include:• A roundtable on Responsible Investing• Interactive workshop sessions on hedge funds, private equity and infrastructure funds and real

estate funds

Expert speakers and panellists have been drawn from the Luxembourg and Swiss fund industries fortheir profile, experience and know-how. The seminars are free of charge to fund professionals andinclude a complementary buffet lunch.

The full programmes can be found on the following pages and also at: www.alfi.lu (events section).

To register, please refer to the personalised registration links in the email or click here(www.alfi.lu upcoming events section).

We look forward to welcoming you.

Yours sincerely,

Camille Thommes, Director General, ALFI

13.30.-13.45 Discours d’ouverture et introduction

H.E. Mr. Jean Faltz, Ambassador of the Grand Duchy of Luxembourg to Switzerland

Marc Saluzzi, President, ALFI

13.45-14.35 Dernières nouvelles sur : • Société de Gestion - substance et restructuration• UCITS V (Rémunération, Régime de Banque Dépositaire, Sanctions)• UCITS VI ( Actifs éligibles, Passeport Banque Dépositaire, Fonds Monétaires, Epargne et Financement à Long Terme)

• Règles de distribution (PRIPS, MIFIDII, rétrocessions)• Taxes (FTT, FATCA)

Modérateur: Charles Muller, Partner, KPMG, LuxembourgPanélistes: Virginie Amoyel-Arpino, Senior Adviser, Société Générale Securities Services, Paris

Martin Bock, Senior Manager, Deloitte, LuxembourgSebastien Danloy, Managing Director, RBC Investor Services Bank S.A., LuxembourgGast Juncker, Partner, Elvinger, Hoss & Prussen, Luxembourg

14.35-15.25 Structuration de fonds d'investissement alternatifs dans le cadre de la directive AIFM -série d'études de cas couvrant Private Equity, Fonds immobiliers et Hedge Funds, en se concentrant sur :• Structuration juridique et réglementaire• Structures existantes • Délégation• Distribution• Directives ESMA

Modérateur: Claude Niedner, Partner, Arendt & Medernach, LuxembourgPanélistes: Axelle Ferey, Director, EY, Luxembourg

Hermann Beythan, Partner, Linklaters LLP, LuxembourgJean-Paul Gennari, CEO, Credit Suisse Fund Services (Luxembourg) S.A.Olivier Carré, Partner, PwC Luxembourg

15.25-15.30 Témoignage:  AIFMD ‐ l'évolution  du cadre réglementaire: le point de vue luxembourgeois Frank Schäfer, Head of Product & Business Development, Credit Suisse Real Estate Asset Management

15.30-16.00 Pause-Café

12.00-13.30 Accueil et déjeuner

12.30-13.15 OptionalResponsible Investing Roundtable (with light lunch during the meeting) -in English• 2013 ALFI/KPMG Responsible Investing Survey Results• EUSEF• LuxFlag Labels• Islamic Funds

Moderator: Jane Wilkinson, Director, KPMG, LuxembourgPanelists: Maria Teresa Zappia, Chief Investment Officer, BlueOrchard, Geneva

Germain Birgen, Head Client Solutions, RBC Investor Services Bank S.A., LuxembourgChristian Hertz, Managing Associate, Linklaters LLP, LuxembourgSachin S. Vankalas, Operations Officer, LuxFlag, Luxembourg

Programme Genève, 30 septembre 2013

12.30-13.15 OptionnelTable Ronde sur l’Investissement Responsable (déjeuner durant la séance) -en Anglais• 2013 ALFI/KPMG Etude / Résultats sur l’investissement responsable en Europe• EUSEF• LuxFlag & Labels• Fonds Islamiques

Modérateur: Jane Wilkinson, Director, KPMG, LuxembourgPanélistes: Maria Teresa Zappia, Chief Investment Officer, BlueOrchard, Geneva

Germain Birgen, Head Client Solutions, RBC Investor Services Bank S.A., LuxembourgChristian Hertz, Managing Associate, Linklaters LLP, LuxembourgSachin S. Vankalas, Operations Officer, LuxFlag, Luxembourg

Programme Genève, 30 septembre 2013

Ateliers simunltanés (en Anglais)

16.00-17.00 Fonds Hedge

• Prime Brokers - Dépositaire, modèles de relations sous la directive AIFM

Modérateur: Luc de Vet, Managing Director, Citco Fund Services (Luxembourg) S.A

Panélistes: Sandrine Leclercq, Counsel, Baker & McKenzie, LuxembourgMartin Dobbins, Managing Director & Country Head Luxembourg, State Street Bank LuxembourgPhilippe Lenges, Partner, Deloitte, Luxembourg

16.00-17.00 Fonds Private Equity, Infrastructure

• Opportunités et impact sur les modèles opérationnels• Impact sur la distribution• Evaluation

Modérateur: Gilbert Schintgen, CEO, UBS Fund Management (Luxembourg) S.A.

Panélistes: Marc Dellmann, Managing Director, UBS Global Asset Management, ZurichGilles Dusemon, Partner, Arendt & Medernach, LuxembourgChristian Hertz, Managing Associate, Linklaters LLP, LuxembourgJean-Christian Six, Partner, Allen & Overy, Luxembourg

16.00-17.00 Fonds Immobiliers

• Opportunités & impact sur les modèles opérationnels

Modérateur: Catherine Rückel, Partner, PwC Luxembourg

Panélistes: Edith Baggott, Vice President, Client service Manager, Brown Brothers Harriman (Luxembourg ) S.A.Anja Grenner, Associate Director, EY LuxembourgJoelle Hauser, Partner, Clifford Chance, LuxembourgStéphane Ries, Head of Business Development, KBL European PrivateBankers S.A., Luxembourg

17.00-18.00 Cocktail

Version 20/08/2013

Programm Zurich 1. Oktober 2013

09.00-09.15 Begrüßung und Einführung (in Deutsch)

H.E. Mr. Jean Faltz, Ambassador of the Grand Duchy of Luxembourg to Switzerland

Marc Saluzzi, President, ALFI

09.15-10.05 Aktuelle Nachrichten zu den OGAW (in Deutsch)

• Verwaltungsgesellschaft - Substanz und Umstrukturierung• UCITS V (Vergütung, Depotbank Regime, Sanktionen)• UCITS VI (Zulässige Vermögenswerte, Depotbank – Europa-Pass, Geldmarktfonds, langfristige

Anlagen und Finanzierung)• Vertriebsregeln (PRIPS, MIFIDII, Retrozessionen)• Steuern (FTT, FATCA)

Moderator: Charles Muller, Partner, KPMG, LuxembourgPanelists: Martin Bock, Senior Manager, Deloitte, Luxembourg

Gast Juncker, Partner, Elvinger, Hoss & Prussen, LuxembourgNikolaus Rummler, Geschäftsführer, IP Concept (Luxembourg) S.A.Tom Weiland, Director, RBC Investor Services Bank S.A., Luxembourg

10.05-10.55 Strukturierung Alternativer Investment Fonds im Rahmen der AIFM-Richtlinie (in Deutsch)- eine Reihe von Fallstudien zu Private Equity, Real Estate & Hedge Fonds:

• Gestzliche & Regulatorische Strukturierung• Bestehende Strukturen• Delegation• Vertrieb• ESMA-Leitlinien

Moderator: Claude Niedner, Partner, Arendt & Medernach, LuxembourgPanelists: Hermann Beythan, Partner, Linklaters LLP, Luxembourg

Kai Braun, Executive, Director, EY, LuxembourgOlivier Carré, Partner, PwC LuxembourgJean-Paul Gennari, CEO, Credit Suisse Fund Services (Luxembourg) S.A

10.55-11.00 Testimonial: AIFMD, die sich verändernden regulatorischen Rahmenbedingungen ‐ Luxemburger

StandpunktFrank Schäfer, Head of Product & Business Development, Credit Suisse Real Estate Asset Management

11.00-11.30 Kaffeepause

7.30-9.00 Ankunft der Teilnehmer und Anmeldung

8.00-08.45 Teilnahme optionalDiskussionsrunde über verantwortliches Investment (mit Frühstück während der Diskussionsrunde) - in Englisch

• 2013 ALFI/KPMG Responsible Investing Umfrageergebnisse• EUSEF• LuxFlag Labels• Islamische Fonds

Moderator: Jane Wilkinson, Director, KPMG Panelists: Maria Teresa Zappia, Chief Investment Officer, BlueOrchard, Geneva

Germain Birgen, Head Client Solutions, RBC Investor Services Bank S.A., LuxembourgChristian Hertz, Managing Associate, Linklaters LLP, LuxembourgSachin S. Vankalas, Operations Officer, LuxFlag, Luxembourg

Programm Zurich 1. Oktober 2013

Parallel stattfindende Seminare (in Englisch)

11.30-12.30 Hedge Fonds Seminar

• Prime Brokers – Depotbank - Relationship Modelle unter AIFMD

Moderator: Luc de Vet, Managing Director, Citco Fund Services (Luxembourg) S.A

Panelists: Sandrine Leclercq, Counsel, Baker & McKenzie, LuxembourgMartin Dobbins, Managing Director & Country Head Luxembourg, State Street Bank LuxembourgPhilippe Lenges, Partner, Deloitte, Luxembourg

11.30-12.30 Private Equity, Infrastructure Funds Seminar

• Chancen & Auswirkungen auf die operativen Set-ups• Neue Vertriebsmodelle• Bewertung

Moderator: Gilbert Schintgen, CEO, UBS Fund Management (Luxembourg) S.A.Panelists: Marc Dellmann, Managing Director, UBS Global Asset Management, Zurich

Gilles Dusemon, Partner, Arendt & Medernach, LuxembourgChristian Hertz, Managing Associate, Linklaters LLP, LuxembourgJean-Christian Six, Partner, Allen & Overy, Luxembourg

11.30-12.30 Real Estate Seminar

• Chancen & Auswirkungen auf die operativen Set-ups

Moderator: Catherine Rückel, Partner, PwC Luxembourg

Panelists: Edith Baggott, Vice President, Client Sevice Manager, Brown Brothers Harriman (Luxembourg) S.A.Anja Grenner, Associate Director, EY LuxembourgJoelle Hauser, Partner, Clifford Chance, LuxembourgStéphane Ries, Head of Business Development, KBL EuropeanPrivate Bankers S.A., Luxembourg

12.30-14.00 Stehbüffet

Version 20/08/2013