Appendix

Frontier Market Open-end Funds as of May 2013

Global Frontier Funds

European Registered

Barings Frontier Markets Fund
Charlemagne Magna New Frontiers Fund
HSBC GIF Frontier Markets
Lloyd George (LG) Frontier Markets Fund
Renaissance Frontier Markets Fund
Sarasin EmergingSar–New Frontiers
Schroder ISF Frontier Markets Equity
Templeton Frontier Markets (Closed to new investors from June 30, 2013.)

U.S. Registered

Harding Loevner Frontier Emerging Markets (HLEMX)
HSBC Frontier Markets Fund (HSFAX)
Morgan Stanley Investment Management's Frontier Emerging Markets (MFMIX)
Templeton Frontier Markets (TFMAX) (Closed to new investors from June 30, 2013.)

Canadian Registered

Templeton Frontier Markets (Closed to new investors from June 30, 2013.)

Emerging European Ex-Russia Funds

European Registered

Aviva Investors European Convergence Fund
Parvest Equity Europe Converging
SEB Eastern Europe ex-Russia Fund
U.S. Global Eastern Europe Fund (EUROX)

U.S. Registered

U.S. Global Investors Eastern Europe Fund

African Funds

European Registered

Alquity Africa
Bellevue Funds African Opportunities
Charlemagne Africa Fund
Coronation Universal Fund–African Frontiers Fund
DWS Africa
Invest AD Emerging Africa Fund
Investec Global Strategy Fund–Africa Opportunities
JP Morgan Funds–Africa Equity
Julius Baer Multistock–Africa Opportunities
Julius Baer Multistock–Northern Africa
Neptune Africa
Nordea–1 African Equity Fund
Renaissance Pan-African Fund
Renaissance Sub-Saharan Fund
Sanlam African Frontier Markets Fund
Silk African Lions
Standard Africa Equity
Templeton Africa Fund
WIOF African Performance Fund

U.S. Registered

Commonwealth Africa Fund (CAFRX)
Nile Pan African Fund (NAFAX)

Middle East and North Africa (MENA) Funds

European Registered

Amundi Funds Equity MENA Fund
Ashmore Emerging Markets Middle East Fund
Barings MENA Fund
Charlemagne Magna MENA Fund
Concord Egypt Fund
Emirates MENA Top Companies Fund
Franklin MENA Fund
JP Morgan Funds–Emerging Middle East Equity Fund
Mashreq Arab Tigers Fund
Schroders ISF–Middle East Fund
Silk Arab Falcons Fund
Silk Road Frontiers Fund
T. Rowe Price Mid-East & African Fund
WIOF Middle East Performance Fund

U.S. Registered

T. Rowe Price Africa & Middle East Fund (TRAMX)