Fortis MF announces indirect change in control of AMC

Fortis Mutual Fund has informed that subsequent to a global restructuring of Fortis Group, Fortis Investment Management is now a part of BNP Paribas. There has been an indirect change in the control of Fortis Investment Management and Fortis Trustee. Consequent to this change, Fortis Mutual Fund shall be renamed as BNP Paribas Mutual Fund; the AMC shall be renamed as BNP Paribas Asset Management and the Trustee Company shall be renamed as BNP Paribas Trustee India Pvt Ltd.

As a part of the internal re-organization within the BNP Paribas group, BNP Paribas Investment Partners S.A., 99.83% owned by BNP Paribas, acquired 100% of the capital and voting rights of Fortis Investment Management NV/SA (FIM) from Fortis Bank SA /NA (84.67%) and from BGL BNP Paribas (15.33%) in cash on April 01, 2010. The name of FIM was changed to BNP Paribas Investment Partners BE Holding S.A. on 29 March 2010 and the name of the director's parent company of sponsor was changed from Fortis Investment NL Holding N.V. to BNP Paribas Investment partners NL holding NV on April 6, 2010.

BNP Paribas Investment Partners is the dedicated asset management business line of the BNP Paribas Group. BNP Paribas Investment Partners offers a full range of investment management services to institutional and retail clients around the world. Around 1000 investment professionals work across our network of some 60 investment centers, each of which is a specialist in a particular asset class type of product. With total asset under management of EUR 533 billion as of 30 June 2010, BNP Paribas Investment Partners is the third largest asset MANAGER IN Europe and the ninth largest in the world. In India, this brand would be represented by BNP Paribas Mutual Fund.

On 01 April 2010, the operations of Fortis Investment were merged with those of BNP Paribas Investment Partners. Fortis Investments' investment experts and international locations were a natural and complementary fit with BNP Paribas Investments' partners whose flexible partnership model has proven successful in integrating new expertise in the past. Together, the combined company will provide the investors with an even broader range of investment solutions and even better client service than before.

Accordingly, all existing Schemes of Fortis Mutual Fund shall be renamed as under with effect from Tuesday, October 19, 2010:

BNP Paribas Opportunities FundBNP Paribas Dividend Yield FundFortis Tax Advantage Plan (ELSS) BNP Paribas Tax Advantage Plan (ELSS)BNP Paribas Future Leaders FundFortis Sustainable Development Fund BNP Paribas Sustainable Development FundBNP Paribas Monthly Income PlanBNP Paribas Short Term Income FundFortis Fixed Term Fund -(Series X -X )** BNP Paribas Fixed Term Fund (Series X - X )**

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