A statement on Ukraine from Marlborough

All of us at Marlborough are deeply concerned and saddened by the situation in Ukraine.

In addition, we will address the very limited existing exposure that we have to Russian shares and bonds and seek to sell out of these positions. This will be done in a thoughtful, measured way that protects the interests of our investors.

We take our role as stewards of capital very seriously and in the current situation we believe our responsibility to act is absolutely clear.

Richard Goodall – CEO Marlborough (investment manager to the Guernsey-domiciled Marlborough funds)