Dear Shareholders,

Following the closure of the Cairo Stock Exchange on 30 January 2011 the Board of Directors of World Investment Opportunities Funds (“the Company”) decided, in accordance with article 22 of the articles of incorporation of the Company, to suspend the calculation of the net asset value of the sub-funds WIOF African Performance Fund and WIOF Eastern Mediterranean Performance Fund which held assets in Egyptian securities. Following the re-opening of the Cairo Stock Exchange, the suspended orders were re-valued on 24 March 2011, which was the first Valuation Day following the end of the suspension period.

World Investment Opportunities Funds