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Baroda Pioneer Asset Management Company Limited is a joint venture between two large and well-established financial services companies - Bank of Baroda and Pioneer Global Asset Management S.p.A. (“Pioneer”).

Baroda Pioneer Mutual Fund is positioned to serve the varied asset management needs of investors in India through a range of equity, debt and money market offerings. Since the formation of the joint venture in 2008, Baroda Pioneer Mutual Fund (“Mutual Fund”) has been working relentlessly to create an operational and servicing platform suited to the needs of investors in India.

Effective November 1, 2017, Pioneer has been merged by way of incorporation, pursuant to Italian law, into its controlling company, UniCredit S.p.A. (“UniCredit”). As a consequence, starting from such date, any rights and obligations of Pioneer have been transferred to UniCredit by operation of law including, inter alia, those relating to the ownership of 51% of the equity share capital of each of Baroda Pioneer Asset Management Company Ltd., investment manager to the Mutual Fund, and Baroda Pioneer Trustee Company Pvt. Ltd., trustee to the Mutual Fund.

Bank of Baroda: In the Indian banking universe, Bank of Baroda occupies a distinct position. Bank of Baroda is a state owned bank with more than 109 years of successful existence. The biggest strength is its uninterrupted profit performance and consistent record in dividend payments. The name inspires confidence among its customers. A consistent track-record, sound financials and its contribution to social sectors and policy-making have given Bank of Baroda a unique place in the Indian banking universe.

UniCredit S.p.A. : Headquartered in Milan, UniCredit is a Pan European Commercial Bank, with a fully plugged in Corporate and Investment Banking, delivering a unique Western, Central and Eastern European network to its extensive client franchise of over 25 million clients. The European banking network of UniCredit includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia and Turkey. UniCredit’s strategic position in Western and Central and Eastern Europe enables it to command one of highest market shares in the region. (Data as of September 30, 2017.)

Note : Unit holders / investors may note that Bank of Baroda has, on December 28, 2017, executed a Share Purchase Agreement with UniCredit, the AMC and the Trustee, to acquire the 51% shareholding of UniCredit in the AMC and Trustee, subject to receipt of requisite regulatory approvals.