Amendment of the Prospectus

AS LHV Varahaldus hereby notifies of amendments to the Prospectus and the Key Investor Information Document of LHV Persian Gulf Fund. Amendments to the Prospectus come into effect as of June 1, 2014. The amended documents are available on the hereby website.

The reference to the additional cut-off time when submitting subscription and redemption orders for Class B Units via AS LHV Pank has been removed. Information on the members of the Supervisory Board and the business names of the Intermediaries have been updated.