OREANDA-NEWS. December 23, 2014. In order to better reflect the value of the underlying assets of the Fund, the Board of Directors of SEB SICAV 1 informs the shareholders that as from 8 January 2015 after 14:00 (estonian time) the pro-cessing of orders will be changed.

Orders received and accepted by the Registrar and Transfer Agent up to 8 January 2015 before 14:00 (estonian time) will be processed on the basis of the unknown Net Asset Value per Share calculated on the next Bank Business Day.

Starting from 9 January 2015, orders received and accepted by the Registrar and Transfer Agent be-fore 14.00 (estonian time) on any Bank Business Day, will be processed on the basis of the unknown Net Asset Value per Share calculated two Bank Business Days later.

Orders/Requests received between 8 January 2015 after 14:00 (estonian time) and 9 January 2015 before 14:00 (estonian time) will fall under the new processing of orders.

During one month following the present publication, shareholders who do not agree with the sug-gested changes, may request redemption of their shares, free of charge.

The prospectus of SEB SICAV 1, dated January 2015, including the above change will be available at the registered office of the Management Company upon request and on the website www.sebgroup.lu.