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On 20th September 2017, Asia Frontier Capital Limited received authorisation from the "Commission de Surveillance du Secteur Financier (CSSF)" in Luxembourg to launch the "AFC Asia Frontier Fund (LUX)" under the existing Umbrella Fund "LS Opportunities Fund Sicav-FIS" which is managed by "Limestone Platform AS", Tallinn, Estonia.

The "AFC Asia Frontier Fund (LUX)" will help Asia Frontier Capital Limited to expand its marketing and distribution channels within Europe and especially within the 28-member states of the European Union "EU".

In the future, European onshore institutional and professional investors will have easier access to the unique and award winning investment strategy of the AFC Asia Frontier Fund which invests in the fast growing and developing economies of "Frontier Asia" which consists of countries such as Bangladesh, Cambodia, Iraq, Laos, Maldives, Mongolia, Myanmar (Burma), Pakistan, Papua New Guinea, Sri Lanka and Vietnam.

When asked about expanding into Europe, Thomas Hugger, CEO and Fund Manager of the AFC Asia Frontier Fund commented: "It is symbolic to move into Europe now when Asia Frontier Capital's award winning flagship AFC Asia Frontier Fund celebrates its five year anniversary. Our team's contributions on risk management, asset allocation and stock selection have generated extraordinary performance since the launch of the fund in March 2012. Since the fund's incepiton five and a half year's ago, the fund has achieved an annualized performance of +10.5% p.a. after fees, while it has not had a single negative calendar year."

Marc Faber, editor & publisher of the Gloom, Boom and Doom Report (www.gloomboomdoom.com) and shareholder of Asia Frontier Capital commented: "In general, international investors have far too little exposure to emerging markets and in particular to Asian frontier economies. I believe that European investors should further diversify their investments into fast growing emerging economies and in particular add holdings in Asian frontier economies, which I expect to have a sustainable long term growth going into the next decade".

When asked about the prospects of expanding into Europe, Peter de Vries, Marketing Director at Asia Frontier Capital responded: "Europe is a huge market and the AFC Asia Frontier Fund offers the best in class exposure to the most interesting and fastest growing parts of Asia". De Vries added that AFC is looking to build distribution relationships in Europe and has ambitions to target investors, especially those in Finland, Germany, Sweden, Switzerland and the United Kingdom."

To bring the fund to Europe, Asia Frontier Capital partnered with Limestone Platform, a Luxembourg based independent fund infrastructure created to serve specialist managers and entrepreneurs who wish to retain flexibility and independence while establishing Luxembourg domiciled UCITS or alternative investment funds.

Miika Peura, CEO of Estonia based "Limestone Platform AS" commented: "Limestone is delighted to welcome the first Asian based frontier fund manager to our platform and we are looking to support AFC's success in Europe by offering administrative and distribution support. What sets Limestone apart is true turnkey solutions to our client managers and high level of support services we offer through different stages of fund development. We aim to offer highly cost effective services and at the same time provide objective and efficient guidance throughout a fund's launch and development."