Disclaimer

This web site has been prepared for informational purposes only, and it does not represent an offer to purchase or subscribe the shares. CEEREF assume no liability for the correctness or accuracy of the given information and it may be subject to change at any time, without notice. Each CEEREF Sub Fund has its own portfolio of real estate securities and other assets and liabilities separated from the portfolios of securities and other assets, as well as, liabilities of the other Sub Funds. The value of shares and the return they generate can go down as well as up. Changes in market conditions and exchange rates can cause a drop or increase in the share value. Past performance does not guarantee the same results in the future. Because of the special risks associated with investing in emerging markets, Sub Funds which invest in such real estate securities should be considered speculative. Investors in such Sub Funds are advised to consider carefully the special risks of investing in emerging market securities. Before investing in any CEEREF Sub Fund investors should contact CEEREF and refer to all relevant documents relating to the particular Sub Fund(s), including the Management Regulations and other published information. CEEREF is not authorised for public offering and is an unregulated scheme established under the Law of Securitisation Funds in Luxembourg dated March 2004.