Swiss Cap Non-Trad - Results of EGM

RNS Number:2101R
Swiss Capital Non-Traditional Funds
31 March 2008

STOCK EXCHANGE ANNOUNCEMENT

For Immediate Release
31 March, 2008

Swiss Capital Non-Traditional Funds

SC Low Volatility Fund (the "Fund")

Re: Results of Extraordinary General Meeting - Change of Name of the Fund,
Change in Investment Policy of the Fund, Change of Liquidity Terms, Change of
Management and Performance Fees

The Directors of the Manager of SC Low Volatility Fund a sub-trust of Swiss
Capital Non-Traditional Funds wish to announce that, the resolutions regarding
amendments to the offering documents and trust deed of the Fund (the "Fund
Documents"), as detailed in a circular sent to shareholders on 6 March 2008,
were passed at an extraordinary general meeting held on 31 March, 2008.

The amendments and new features are fully set out in the "Fund Documents" and
for the convenience of investors the Directors of the Manager announce the
following summary of the principal changes:

(a) The name of the Fund will be changed from SC Low Volatility Fund to SC
Modus Classic Defender Fund;

(b) The investment policy will be materially amended so as to allow the Fund
not only to invest into underlying hedge funds but also to broadly diversify its
investments without limit by buying units of certain other portfolios of the
Swiss Capital Non-Traditional Funds umbrella. The Manager and Swiss Capital
Alternative Investments AG (the "Investment Advisor") believe that by means of
this broader strategy diversification they will be in a better position to
implement a defensive and low volatility investment strategy within the Fund.

(c) The current investment restrictions applicable to the Fund will be
deleted in their entirety and replaced with the restrictions set out in the Fund
Documents. The reason behind this change is to facilitate the change to the
investment policy as set out in (b) above and also to update the restrictions in
line with changes permitted by the Irish Financial Regulator and the Irish Stock
Exchange since the last publication of the Prospectus on 16 November, 2005.

(d) The liquidity terms of the Fund will change. Dealing will remain on a
monthly frequency but the notice periods will change from the current
requirements to at least 65 calendar days prior written notice for all Classes
or at least 35 calendar days prior written notice provided that an early
redemption penalty of up to 2% of NAV can be imposed for this lesser notice
period. The Manager and the Investment Advisor believe that liquidity on these
terms is suitable for the revised investment policy, taking the nature of the
fund-of-funds industry into account.

(e) The management and performance fee models will change to a "give-back"
model whereby the Manager intends to pay-back into the Fund a proportion of any
previously charged performance and management fees where monthly portfolio
draw-downs exceed the levels set out in the Fund Documents. The Manager believes
that with such a compensation model, the interests of the Manager and the
investors are aligned and that the defensive characteristics of the Fund are
underlined.

(f) Appropriate legal and regulatory disclosures have also been updated.

Enquiries:

Davy Amy Leonard +353 1 614 8933

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.

This information is provided by RNS
The company news service from the London Stock Exchange
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