Investor Compensation Scheme

The investment services provided by AEONIC SECURITIES CIF Plc are covered by the Investor Compensation Fund (ICF). The Investor Compensation Fund (ICF) has been established under Article 59(1) and (2) of The Republic of Cyprus Law 144(I)/2007 providing for the Provision of Investment Services, the Exercise of Investment Activities, the Operation of Regulated Markets and other Related Matters (the "Law") as an investor compensation fund for CIF clients that are not credit institutions, and its powers and functions are governed by the provisions of the Law as well as CySEC Directive 144-2007-15 ("Directive") for the Continuation of the Operation and the Operation of the Investor Compensation Fund (ICF).

The purpose of the ICF is to secure the claims of covered clients against the ICF members through the payment of compensation, if the necessary preconditions are fulfilled. Applicants need not be Cypriot citizens. Foreigners residing in Cyprus, as well as Cypriots or foreigners residing abroad, may also apply.

The amount of compensation paid to applicants who are found to be entitled to compensation may be up to twenty thousand euros (€20,000). This coverage applies to all claims of the applicant against a member of the ICF regardless of the number of accounts, currency, and place of provision of the service.

An application to the ICF can be submitted in one of the following two ways:

(a) By completing electronically, the special application form, which can be found on the website of the Cyprus Securities and Exchange Commission.

(b) By submitting a simple letter to the office of the ICF accompanied by all supporting documents.

The letter/application can:

(a) Be sent by post to the address:
- Investor Compensation Fund
- Diagorou 27, 1097 Nicosia, Cyprus

(b) Be delivered in person to the office of the ICF at the address:
- Investor Compensation Fund
- Diagorou 27, 1097 Nicosia, Cyprus

Before submitting any application to the ICF, applicants should study the relevant provisions of the Law and the Directive. The existence of a valid claim by the applicant is a basic precondition for receiving the compensation.