T E R M S A N D C O N D I T I O N S F O R S E C U R I T I E S T R A D I N G ( S H A R E D E A L ) Valid and effective from 03 July 2015

T E R M S A N D C O N D I T I O N S F O R S E C U R I T I E S T R A D I N G ( S H A R E D E A L ) Valid and effective from 03 July 2015 INDEX 1. INTRODUCTION 2. OUR EXECUTION OF ORDERS 3. PLACING OF ORDERS 4. TRADING SECURITIES 5. LIMIT ORDERS 6. EFFECT OF LIMIT ORDERS 7. OUR RIGHT NOT TO EXECUTE YOUR ORDER 8. CANCELLATIONS 9. COMMUNICATIONS 10. DELIVERY AND PAYMENT (SETTLEMENT) 11. TRADING CHARGES 12. OUR LIABILITY 13. MATERIAL INTERESTS AND CONFLICTS 14. IMPORTANT INFORMATION ABOUT COMPENSATION ARRANGEMENTS 15. STATUTORY RIGHTS 16. LENDING AND BORROWING 17. VARIATION AND AMENDMENTS SCHEDULE 1: SECURITIES MARKETS AVAILABLE TO DANSKE BANK RETAIL CUSTOMERS SCHEDULE 2: RISK WARNINGS SPECIFIC RISK WARNINGS SCHEDULE 3: DANSKE BANK ORDER EXECUTION POLICY SCHEDULE 4: TRADING/BROKERAGE CHARGES PAID BY THE CUSTOMER SCHEDULE 5: SUPPLEMENTAL TERMS & CONDITIONS FOR DEALING IN SHARES OF ARCHITAS MULTI MANAGER INVESTMENTS ICVC II AN OEIC ONLY 1. INTRODUCTION 1.1. Danske Bank is a trading name of Northern Bank Limited. Northern Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (reference 122261). We comply with the FCA s requirements to pay due regard to customers interests and to treat customers fairly. Details of our registration can be found at www.fca.org.uk/register or by contacting the FCA on 08001116768. 1.2. Northern Bank Limited is a wholly owned subsidiary of the Danske Bank A/S. 1.3. We recommend that you read these terms and conditions and if there is anything which you do not understand, then please contact us for clarification. Our contact details are in clause 9. 1.4. In these terms and conditions: Current Account means a current account in your name with the Bank. Danske Bank A/S means our parent company, with its head office at Holmens Kanal 2-12, Copenhagen, authorised by the Danish Financial Supervisory Authority. Sub-Custodian means any sub-custodian appointed by Danske Bank A/S. You(r)(s) means you the customer using the Sharedeal service and, where applicable, your duly authorised representatives and legal personal representatives. We, Us, Our or the Bank means Northern Bank Limited having its registered office address at Donegall Square West Belfast (registered number R568). 1.5. Danske Bank A/S will act as the global sub custodian of your Securities and will be responsible for the execution of all orders on our behalf. This may change and you will be notified in accordance with clause 9. 1.6. The Bank's Securities Trading service ("Sharedeal") is an execution-only service. We are therefore not required to assess the suitability of Sharedeal for you as this is an execution only service. You are not entitled to benefit from the protection of the rules on assessing suitability pursuant to the FCA Rules. We will not advise you on the merits of your investment decisions and do not accept responsibility for the consequences of your decisions or for the suitability of any investment in which you deal through this service. We make no representations and give no warranties as to the performance of any investment you may acquire through this service. 1.7. We may need to obtain information from you and assess the appropriateness of some transactions for you before we can deal on your behalf. This may on occasions result in a delay in our carrying out transactions for you. If you do not (or are unable to) provide us with the information we request or we consider

that the transaction is not appropriate for you, we may not be able to deal on your behalf. 1.8. Most investment decisions and procedures involve risks or other factors of which you should be aware. We have therefore set out in the Schedule 2 to these Terms and Conditions certain risk warnings that relate to the Services. 1.9. These "Terms and Conditions for Securities Trading ( Sharedeal")(the Terms and Conditions) outline the terms which apply when you trade the securities held in your Custody Account and/or the cash held in the Current Account related to your Custody Account through the Bank's Sharedeal service. 1.10. These Terms and Conditions together with the Terms and Conditions for Custody Accounts form the contract between you and us for the provision of the Sharedeal service. The Definitions, the General Terms and the Schedule set out in the Terms and Conditions for Custody Accounts will apply to all securities trades that you undertake pursuant to these Terms and Conditions as if they were set out in full and repeated in these Terms and Conditions. 1.11. If you trade through the Bank's ebanking service, the Terms and Conditions and agreements relating to those services will each apply as appropriate. The Terms and Conditions for Your Current Account will also apply subject to these terms and conditions. Amounts may be paid into and out of your Current Account on your instructions placed in accordance with Clause 3 (Placing of Orders) through any other current account that you hold with us. 1.12. We may change these Terms and Conditions in accordance with clause 19 of Terms and Conditions for Custody Accounts 1.13. The service will currently enable you to trade in the categories of securities listed in Schedule 1. That list may change from time to time without notice to you and a current list will be available on request. If You have any dealings in: R Class Shares in Architas MA Blended Intermediate Fund, R Class Shares in Architas MA Blended Reserve Fund, R Class Shares in Architas MA Blended Moderate Fund or R Class Shares in Architas MA Blended Progressive Fund you should refer to the Supplemental Terms and Conditions for dealing in Shares of Architas Multi-Manager Investments ICVC II An OEIC Only which are set out in Schedule 5. 2. OUR EXECUTION OF ORDERS 2.1. When we receive an order from you, we will generally act in accordance with our Order Execution Policy as amended from time to time. In the absence of any specific instructions from you, we will transmit your order to Danske Bank A/S for execution. 2.2. We are satisfied that Danske Bank A/S has policies and procedures in place which enable it to deliver the best possible result for you upon execution. In particular, Danske Bank A/S will use execution venues that will treat total consideration (price and costs) as the most important factor although other factors (such as speed, likelihood of execution and Page 2 of 16 settlement, size or any other relevant conditions) may also be taken into account. 2.3. We will monitor periodically the effectiveness of our Order Execution Policy and related arrangements for dealing with client orders with a view to achieving the best possible result. Information on our current Order Execution Policy is set out in Schedule 3 to these Terms and Conditions. 2.4. We will execute your order in accordance with the requirements of Clause 4 (Trading Securities) and our Order Execution Policy. 3. PLACING OF ORDERS 3.1. You can place orders through ebanking or by telephone. 3.2. We recommend that you trade through ebanking for the purpose of ensuring that you are quickly identified and that your order is executed correctly and more cost effectively. 3.3. When we have received your order, it is binding for you. 3.4. If you have any dealings in: R Class Shares in Architas MA Blended Intermediate Fund, R Class Shares in Architas Blended Reserve Fund, R Class Shares in Architas MA Blended Moderate Fund or R Class Shares in Architas MA Blended Progressive Fund you should refer to the Supplemental Terms and Conditions for dealing in Shares of Architas Multi-Manager Investments ICVC II An OEIC Only which are set out in Schedule 5. 4. TRADING SECURITIES

4.1. In fulfilling our obligations under Clause 2, and subject to your instructions, we shall take all reasonable steps to obtain the best possible result for you when we transmit orders to Danske Bank A/S for execution, which may act as agent, through a Sub-Custodian, broker or market maker and may choose the currency in which the transaction is settled. 4.2. Clause 2 sets out details of our Order Execution Policy which enables us to act in your best interests when transmitting orders to Danske Bank A/S for execution. We shall charge brokerage in addition to any dealing costs and expenses incurred, in accordance with Clause 11 Trading Charges. 4.3. Your order may be split or aggregated with other orders (including the orders of other Group companies and our and their employees) and may therefore be traded at different prices. Aggregation may on some occasions operate to your advantage and on others to your disadvantage in relation to a particular order. 4.4. Your order will be executed in accordance with the rules and regulations of the relevant market or exchange and all such steps may be taken as may be required or permitted by such rules and regulations and/or by appropriate market practice. 4.5. Your order will ordinarily be executed during the official opening hours of the relevant market. For operational reasons, in certain markets we can only accept trading orders until 4pm. For such markets, where orders are received after 4pm, we will not execute the order before the market re-opens on the next Business Day. 4.6. Your order will lapse if it cannot be executed on the day it is received in the relevant market. However, a limit order may be maintained until an agreed period has expired. 4.7. Danske Bank A/S may not be able to execute an order for some considerable time due to prevailing market conditions (e.g. high volatility/trading volumes or otherwise), the illiquid nature of certain stocks and bonds, delays in order transmission and/or other circumstances beyond its control. 4.8. There may be a significant difference between the indicative price quoted at the time of placing your order and the price at which your order is executed. 5. LIMIT ORDERS 5.1. If you want to buy or sell at a specific price, you may limit the order for a predetermined period of up to 30 calendar days. The order will then be executed when the price reaches the price determined by you. 6. EFFECT OF LIMIT ORDERS 6.1. If you have agreed that your order for securities is to be a limit order, we will execute the transaction only if we can trade at the limit price. However, we may execute part of the order. 7. OUR RIGHT NOT TO EXECUTE YOUR ORDER 7.1. Danske Bank A/S reserves the right not to execute an order where, in their judgment, it is reasonable to do so, for example there are insufficient funds to settle the trade or the security has been suspended or a similar event. Page 3 of 16 8. CANCELLATIONS 8.1. You cannot cancel an instruction that you have given to us using Sharedeal with the exception only of instructions for purchase of shares of Architas Multi-Manager Investments ICVC II. Please see the Supplemental Terms and Conditions for dealing in shares of Architas Multi- Manager Investments ICVC II - An OEIC set out in Schedule 5. 9. COMMUNICATIONS 9.1. All communications between you and the Bank should (unless stated otherwise in the Terms) be conducted in the English Language in writing (including where appropriate by secure e-mail) and directed to us at Danske Bank, Private Banking & Wealth Management, Donegall Square West, Belfast BT1 6JS. 9.2. We may communicate with you by telephone. Note that we may record or monitor calls to confirm details of our conversations, for your protection, to train our staff and to maintain the quality of our service. 10. DELIVERY AND PAYMENT (SETTLEMENT) 10.1. Settlement means the delivery and payment in connection with a securities trade. 10.2. For most securities the settlement date is the second Business Day after the trade date.

10.3. Settlement will take place in accordance with the provisions of the Terms and Conditions for Custody Accounts. 10.4. In addition, in relation to any securities that we acquire for you under these Terms and Conditions for Securities Trading ( Sharedeal ) but for which insufficient funds are available in your Current Account upon settlement, we reserve the right to sell those securities and apply the proceeds towards settlement of your outstanding obligations. Any balance will be credited to your Current Account. 11. TRADING CHARGES 11.1. We charge brokerage for all types of trades at the prices in force from time to time. All brokerage and any applicable dealing costs and expenses from time to time, plus any applicable value added tax or other taxes, will be debited to your Current Account. 11.2. Trading charges are generally lower for trades through ebanking than for trades conducted by telephone. The current prices are shown in the list of trading charges in Schedule 4. 11.3. HM Treasury requires a Stamp Duty Reserve Tax (SDRT) charge to apply to transfers of stock and marketable securities at the applicable rate at the time of the transfer. 12. OUR LIABILITY 12.1. We accept responsibility to you to the extent and subject to the limitations set out in Clause 8of the Terms and Conditions for Custody Accounts (Liability). 12.2. The Terms and Conditions for Custody Accounts will apply to your securities trading activities and we accept additional responsibility, in accordance with and subject to the limitations set out in those terms, in respect of any Loss (as defined in those terms) that is due to the negligence, wilful default, breach of contract or fraud of any third party which is a member of the Danske Bank Group and with or through which we may trade in Securities for you pursuant to these terms and conditions. 13. MATERIAL INTERESTS AND CONFLICTS 13.1. We refer you to clause 23 of the Custody Account Terms & Conditions. 14. IMPORTANT INFORMATION ABOUT COMPENSATION ARRANGEMENTS 14.1. We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation if we are unable to meet our financial obligations. Most types of investment business are covered up to a maximum limit of 50,000. 14.2. For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please ask at your local branch, refer to the FSCS website www.fscs.org.uk or call 0800 6781100 or 020 7741 4100. Please note only compensation related queries should be directed to the FSCS. 14.3. The limits stated in this clause 14 are correct at the time of publication and are subject to change by FSCS. We will notify you of any changes. Page 4 of 16 15. STATUTORY RIGHTS 15.1. Nothing in these Terms will reduce your statutory rights relating to faulty or misdescribed services. For further information about your statutory rights contact your local authority trading standards department or Citizens Advice Bureau. 16. LENDING AND BORROWING 16.1. Securities belonging to you will not be lent to, or deposited by way of collateral by us, with any third party nor will money be borrowed on your behalf by us against your Securities. 17. VARIATIONS AND AMENDMENTS 17.1. We may, for any reason set out in Clause 17.6 below: 17.1.1. introduce a fee or service charge relating to the Service and/or vary the amount, frequency or time for payment of any fees or service charges relating to the Service; 17.1.2. add to, remove, change or impose restrictions on the benefits of the Service; 17.1.3. make any change to these Terms. 17.2. Subject to clause 17.5, where we make a change as set out in Clause 17.1 we will always give you a minimum of 30 days written notice and if you are not happy with the change then you can end your agreement with us without having to pay any extra charges (save charges incurred

or to be incurred in connection with an Order placed by you). 17.3. We may communicate such changes by sending a summary of the proposed changes to you. This summary will contain a reference to our Website, where we will provide detailed information relating to the changes and/or revised terms and conditions. However, if you ask us, we will send you hard copies of the detailed information and/or a copy of the revised terms and conditions. If we have made a major change or a lot of minor changes in any one year, we will provide you with a copy of the new terms and conditions or a summary of the changes. 17.4. Once we have given you notice of the proposed changes, if you do not tell us that you object to the changes, before the date on which they are due to come into effect, then they will take effect on the date indicated. 17.5. In the event of any change in applicable law or regulation, or in other circumstances outside our control, we may change the Terms without notice or give such period of notice as we consider, on reasonable grounds, to be justified. 17.6. The changes referred to in Clause 17.1 will be made for one or more of the following reasons: 17.6.1. by agreement with you; 17.6.2. to reflect the introduction or development of new systems, methods of operation, services or changes in technology provided that the change is a proportionate response to the underlying reason for the change; 17.6.3. to maintain or improve operating conditions or service levels; 17.6.4. to respond proportionately to any change or expected change in market conditions, general banking practice or the cost of providing services to customers (including any charges made by the Global Custodian); 17.6.5. to respond proportionately to legal or regulatory changes. This would include: changes in general law or taxation or decisions of the Financial Ombudsman Service or any regulator, changes in regulatory requirements of the FCA, the PRA or other regulatory body, changes in industry guidance and codes of practice which raise standards of consumer protection; 17.6.6. to ensure that our business as a whole is profitable and competitive and that our product range and charging structure enables us to achieve our business and strategic objectives (which are set internally) - provided that any such change is reasonable and does not result in you being treated unfairly; 17.6.7. to make these Terms fairer or clearer for you; 17.6.8. you make changes and improvements to our products, services or charging structures where the changes are of benefit to you; Page 5 of 16 17.6.9. for any other valid reason which is not specified in this Clause 17.6 provided that the change is a proportionate and reasonable response to the underlying reason for the change. SCHEDULE 1: SECURITIES MARKETS AVAILABLE TO DANSKE BANK RETAIL CUSTOMERS Securities Markets available to Danske Bank Retail customers via ebanking - Nordic Markets (Denmark/Sweden / Norway/Finland) / Republic of Ireland / United Kingdom / France / Germany / Netherlands / Portugal / Spain / Switzerland / USA / Canada. Securities Markets available to Danske Bank Retail customers via Sharedeal - Telephone - all of the above plus - Australia / Austria / Belgium / Hong-Kong / Hungary / Italy /Japan / New Zealand / Poland / Thailand / Bulgaria / Estonia / Iceland / Latvia / Lithuania / Malaysia / Philippines / Romania / Slovenia / South Africa. Other Securities Markets available to Danske Bank Retail customers - only on request - via Sharedeal - Telephone - Croatia / Cyprus / Greece / Indonesia / Israel / Russia / Serbia / Sri Lanka

SCHEDULE 2: RISK WARNINGS Specific Risk Warnings This notice is provided to you, as a Retail customer, in compliance with the rules of the Financial Conduct Authority ("FCA"). Retail customers are afforded greater protections under these rules than other customers. This notice cannot disclose all the risks and other significant aspects of warrants and/or derivative products such as futures, options, and contracts for differences. You should not deal in these products unless you understand their nature and the extent of your exposure to risk. You should also be satisfied that the product is suitable for you in the light of your circumstances and financial position. Certain strategies such as "a spread" position or a "straddle" may be as risky as a simple "long" or "short" position. Although warrants and/or derivative instruments can be utilised for the management of investment risk, some of these products are unsuitable for many investors. Different instruments involve different levels of exposure to risk and in deciding whether to trade in such instruments you should be aware of the following points. 1. GENERAL 1.1. The price of shares and other traded assets and any income from them can go down as well as up. 1.2. It is possible that the value may fall below the original investment and you may not receive back the amount you invested. 1.3. Dividends are not guaranteed and may vary from year to year. 1.4. Young or small companies seeking growth or those in financial difficulty may not pay a dividend at all. 1.5. Shares have greater potential than bonds or cash to cause your capital to lose value. 1.6. Past performance is not necessarily a guide to future performance. There can be no certainty concerning the future performance of your investment return. 1.7. Changes in legal, tax and regulatory regimes, including the bases and reliefs available may occur which may have an adverse effect on the price or value of your assets. 1.8. Fixed interest investments may be purchased above or below their nominal value. For such investments purchased above their nominal value, a capital loss may be incurred on maturity. 2. WARRANTS 2.1. A warrant is a time-limited right to subscribe for shares, debentures, loan stock or government securities and is exercisable against the original issuer of the underlying securities. A relatively small movement in the price of the underlying security results in a disproportionately large movement, unfavourable or favourable, in the price of the warrant. The prices of warrants can therefore be volatile. 2.2. It is essential for anyone who is considering purchasing warrants to understand that the right to subscribe, which a warrant confers, is invariably limited in time with the consequence that, if the investor fails to exercise this right within the predetermined Page 6 of 16 time-scale, the investment becomes worthless. 2.3. You should not buy a warrant unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges 3. OFF EXCHANGE WARRANT TRANSACTIONS 3.1. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate your position, or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what is a fair price. 3.2. If you are entering into an off-exchange transaction you should ensure you have been advised of any risks involved. 4. FUTURES 4.1. Transactions in futures involve the obligation to make, or to take, delivery of the underlying asset of the contract at a future date or, in some cases, to settle the position with cash. They carry a high degree of risk. The 'gearing' or 'leverage' often obtainable in futures trading means that a small deposit or down payment can lead to large losses as well as gains. It also means that a relatively small movement can lead to a proportionately much larger movement in the value of your investment, and this can work against you as well as for you. Futures

transactions have a contingent liability, and you should be aware of the implications of this; in particular the margining requirements, which are set out in paragraph 9. 5. OPTIONS 5.1. There are many different types of options with different characteristics subject to the following conditions: 5.1.1. Buying options involves less risk than selling options because, if the price of the underlying asset moves against you, you can simply allow the option to lapse. The maximum loss is limited to the premium, plus any commission or other transaction charges. However, if you buy a call option on a futures contract and you later exercise the option, you will acquire the future. This will expose you to the risks described under 'futures' (paragraph 4) and 'Contingent Liability Investment Transactions' (paragraph 9). 5.1.2. Writing options: If you write an option, the risk involved is considerably greater than buying options. You may be liable for a margin to maintain your position and a loss may be sustained well in excess of the premium received. By writing an option, you accept a legal obligation to purchase or sell the underlying asset if the option is exercised against you, however far the market price has moved away from the exercise price. If you already own the underlying asset which you have contracted to sell (when the options will be known as 'covered call options') the risk is reduced. If you do not own the underlying asset ('uncovered call options') the risk can be unlimited. Only experienced persons should contemplate writing uncovered options, and then only after securing full details of the applicable conditions and potential risk exposure. 5.1.3. Traditional options: Certain London Stock Exchange member firms under special exchange rules write a particular type of option called a 'traditional option'. These may involve greater risk than other options. Two-way prices are not usually quoted and there is no exchange market on which to close out an open position or to effect an equal and opposite transaction to reverse an open position. It may be difficult to assess its value or for the seller of such an option to manage his exposure to risk. Certain options markets operate on a margined basis, under which buyers do not pay the full premium on their option at the time they purchase it. In this situation you may subsequently be called upon to pay a margin on the option up to the level of your premium. If you fail to do so as required, your position Page 7 of 16 may be closed or liquidated in the same way as a futures position. 6. CONTRACTS FOR DIFFERENCE 6.1. Futures and options contracts can also be referred to as contracts for difference. These can be options and futures on the FTSE 100 index or any other index, as well as currency and interest rate swaps. However, unlike other futures and options, these contracts can only be settled in cash. Investing in a contract for differences carries the same risks as investing in a future or an option and you should be aware of these as set out in paragraphs 4 and 5 respectively. Transactions in contracts for differences may also have a contingent liability and you should be aware of the implications of this as set out in paragraph 9. 7. OFF- EXCHANGE TRANSACTIONS IN DERIVATIVES 7.1. It may not always be apparent whether or not a particular derivative is arranged on exchange or in an off-exchange derivative transaction. You should ensure that it is clear to you if you are entering into an offexchange derivative transaction. While some off-exchange markets are highly liquid, transactions in off-exchange or 'non transferable' derivatives may involve greater risk than investing in on-exchange derivatives because there is no exchange market on which to close out an open position. It may be impossible to liquidate an existing position, to assess the value of

the position arising from an off-exchange transaction or to assess the exposure to risk. Bid prices and offer prices need not be quoted, and, even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what is a fair price. 8. FOREIGN MARKETS 8.1. Foreign markets will involve different risks from the UK markets. In some cases the risks will be greater. On request, we must provide an explanation of the relevant risks and protections (if any) which will operate in any foreign markets, including the extent to which we will accept liability for any default of a foreign firm through whom we deal. The potential for profit or loss from transactions on foreign markets or in foreign denominated contracts will be affected by fluctuations in foreign exchange rates. 9. CONTINGENT LIABILITY INVESTMENT TRANSACTIONS 9.1. Contingent liability investment transactions, which are margined, require you to make a series of payments against the purchase price, instead of paying the whole purchase price immediately. 9.2. If you trade in futures contracts for differences or sell options, you may sustain a total loss of the margin you deposit with your firm to establish or maintain a position. If the market moves against you, you may be called upon to pay substantial additional margin at short notice to maintain the position. If you fail to do so within the time required, your position may be liquidated at a loss and you will be responsible for the resulting deficit. 9.3. Even if a transaction is not margined, it may still carry an obligation to make further payments in certain circumstances over and above any amount paid when you entered the contract. 9.4. Except as specifically provided by the FCA, we may only carry out margined or contingent liability transactions with or for you if they are traded on or under the rules of a recognised or designated investment exchange. Contingent liability investment transactions which are not so traded may expose you to substantially greater risks. 10. LIMITED LIABILITY TRANSACTIONS 10.1. Before entering into a limited liability transaction, you should obtain a formal written statement confirming that the extent of your loss liability on each transaction will be limited to an amount agreed by you before you enter into the transaction. 10.2. The amount you can lose in limited liability transactions will be less than in other margined transactions, which have no predetermined loss limit. Nevertheless, even though the extent of loss will be subject to the agreed limit, you may sustain the loss in a relatively short time. Your loss may be limited, but the risk of sustaining a total loss to the amount agreed is substantial 11. COLLATERAL Page 8 of 16 11.1. If you deposit collateral as security, the way in which it will be treated will vary according to the type of transaction and where it is traded. 11.2. There could be significant differences in the treatment of your collateral depending on whether you are trading on a recognised or designated investment exchange, with the rules of that exchange (and the associated clearing house) applying, or trading offexchange. 11.3. Deposited collateral may lose its identity as your property once dealings on your behalf are undertaken. 11.4. Even if your dealings should ultimately prove profitable, you may not get back the same assets which you deposited, and may have to accept payment in cash. You should ascertain how your collateral will be dealt with. 12. COMMISSION 12.1. Before you begin to trade, you should obtain details of all charges for which you will be liable. If any charges are not expressed in money terms (but, for example, as a percentage of contract value), you should obtain a clear and written explanation, including appropriate examples, to establish what such charges are likely to mean in specific money terms. 12.2. In the case of futures, when charges are applied as a percentage, it will normally be as a percentage of the total contract value, and not simply as a percentage of your initial payment. 13. SUSPENSIONS OF TRADING

13.1. Under certain trading conditions it may be difficult or impossible to liquidate a position. This may occur, for example, at times of rapid price movements if the price rises or falls in one trading session to such an extent that, under the rules of the relevant exchange, trading is suspended or restricted. 13.2. Placing a stop-loss order will not necessarily limit your losses to the intended amounts, because market conditions may make it impossible to execute such an order at the stipulated price. 14. CLEARING HOUSE PROTECTIONS 14.1. On many exchanges, the performance of a transaction by us (or a third party with whom we are dealing on your behalf) is guaranteed by the exchange or clearing house. However, this guarantee is unlikely in most circumstances to cover you, the customer, and may not protect you if we or another party defaults on its obligations to you. 14.2. On request, we must explain any protection provided to you under the clearing guarantee applicable to any on-exchange derivatives in which you are dealing. There is no clearing house for traditional options, nor normally for off-exchange instruments which are not traded under the rules of a recognised or designated investment exchange. 15. INSOLVENCY 15.1. Our insolvency or default, or that of Danske Bank A/S or any Sub-Custodian or brokers involved with your transaction, may lead to positions being liquidated or closed out without your consent. In certain circumstances, you may not get back the actual assets which you lodged as collateral and you may have to accept any available payments in cash. On request, we must provide an explanation of the extent to which we will accept liability for any insolvency of, or default by, other firms involved with your transaction. 16. NON READILY REALISABLE INVESTMENTS 16.1. From time to time we may offer you or deal in investments that are non-readily realisable investments. A non-readily realisable investment is an investment that has a restricted market and it may therefore be difficult to deal in that investment or to obtain reliable information about its value. 17. STRUCTURED CAPTIAL AT RISK 17.1. You may deal in capital at risk products". These products are not derivatives but provide a level of income or growth over a specified investment period that display the following characteristics 17.1.1. you may be exposed to a wide range of negative or positive outcomes in respect of the likelihood of the return of your capital or any part of it; 17.1.2. the return of capital at the end of the investment period is linked by a pre-set formula to the performance of an index, a combination of indices Page 9 of 16 or other factor or combination of factors; 17.1.3. if the investment performance is outside specified limits you may lose some or all of the initial capital invested. 17.2. Therefore: 17.2.1. The return of the initial capital invested at the end of the investment period is not guaranteed and you may receive back less than you originally invested. 17.2.2. A small percentage fall in an index can result in a larger percentage reduction in the amount repaid to you. 17.2.3. Early redemption can result in redemption penalties and a poor return. 17.2.4. Initial capital invested can be placed into high risk investments, such as a non investment grade bond. 17.2.5. The rate of income or growth may depend on specified conditions being met. 17.2.6. You should not enter into the transaction unless you are prepared to lose some or all of the money you have invested. 18. BONDS 18.1. All bonds carry risk their market value can fluctuate and the issuer may default on either income payments or the return of capital. The security of any bond is dependent upon the financial standing of

the provider. Regardless of the bond's pedigree, absolute guarantees of security cannot be given. 19. FOREIGN CURRENCY RISK 19.1. Investing overseas introduces currency risk (the risk that your returns may reduce when converted back into sterling). Changes in the rates of exchange between currencies may cause your investments to go down or up. Should there be a change of currency in any country in which any securities are denominated (for example a move into or out of the Euro), this may impact negatively on your investment return. 20. INVESTMENT IN EMERGING MARKETS 20.1. Emerging markets can be much more volatile than mature economies like the UK. Political risk, currency risk and less rigorous stock market regulation may cause your investments to go down or up. 20.2. Investment in emerging markets may involve a higher than average risk. In addition, companies in emerging markets may not be subject: 20.2.1. to accounting, auditing or financial reporting standards, practices and disclosure requirements comparable to those applicable to companies in major markets; 20.2.2. to the same level of government supervision and regulation of stock exchanges as countries with more advanced securities markets. 21. SMALL COMPANIES 21.1. Smaller companies can be heavily affected by changes in the economy, short term changes in investor preferences and a number of other factors. As a result, they can be more volatile than, say, the larger companies that make up the FTSE indices. 22. STABILISATION 22.1. You should read the explanation below carefully. This is designed to help you understand whether you wish your funds to be invested at all in such investments. 22.2. What is Stabilisation? 22.2.1. Stabilisation enables the market price of a security to be maintained artificially during the period when a new issue of securities is sold to the public. Stabilisation may affect not only the price of the new issue but also the price of other securities relating to it. 22.2.2. The FCA allows stabilisation in order to help counter the fact that, when a new issue comes onto the market for the first time, the price can sometimes drop for a time before buyers are found. 22.2.3. Stabilisation is carried out by a "stabilisation manager" (normally the firm chiefly responsible for bringing a new issue to market). As long as the stabilising manager follows a strict set of rules, he is entitled to buy back securities that were previously sold to investors or allotted to institutions which have decided not to keep them. The effect of this may be to keep the price at a higher level than it would Page 10 of 16 otherwise be during the period of stabilisation. 22.2.4. The Stabilisation Rules: limit the period when a stabilisation manager may stabilise a new issue; fix the price at which he may stabilise in the case of shares and warrants but not bonds; require him to disclose that he may be stabilising but not that he is actually doing so. 22.2.5. The fact that a new issue or a related security is being stabilised should not be taken as any indication of the level of interest from investors, nor of the price at which they are prepared to buy the securities.

SCHEDULE 3: DANSKE BANK ORDER EXECUTION POLICY 1. This Order Execution Policy is provided to you as a Retail client of Danske Bank Private Banking & Wealth Management and is applicable to all investment business provided to you through dealings in Architas Multi- Manager Investments ICVC II (an OEIC) and execution-only trading via our Securities Trading ( Sharedeal ) service. 2. We are required by the Financial Conduct Authority (FCA) to act in accordance with your best interests when we transmit an order to Danske Bank A/S to buy or sell securities on your behalf. 3. We have therefore put in place arrangements which will enable us to ensure that we take all reasonable steps to obtain the best possible result for you, taking into account a number of factors. 4. These factors will include price, costs, speed, likelihood of execution or settlement, size and nature of the order and any other relevant considerations. 5. The importance attached to each of these factors is determined by reference to the characteristics of the client, the client order, the particular financial instrument that is the subject of the order and the execution venue to which the order can be directed. 6. Normally, we deem total consideration (price and costs) to be the most important factor for you. 7. Please note that we will have satisfied our obligation to act in accordance with your best interests, and will not be required to take the above factors into account, if you give us specific instructions on how you would like your order to be dealt with. 8. We transmit all orders for all classes of instrument to Danske Bank A/S for execution. 9. We have reviewed and assessed the Danske Bank A/S Order Execution Policy and are satisfied that Danske Bank A/S has the necessary arrangements in place which enable it to deliver the best possible result for you upon execution. 10. Orders in the various classes of instrument transmitted to Danske Bank A/S for execution are dealt with as follows: 10.1 Equity-orders are transmitted for execution into the following markets where Danske Bank A/S is a trading member of the securities exchange Denmark, Sweden, Norway, Finland (Nordic Markets), Republic of Ireland, Estonia, Latvia and Lithuania (Baltic Markets). 10.2 Equity-orders in a wide range of countries, including United Kingdom, USA, Canada, France, Germany, Netherlands, Portugal, Spain and Switzerland (where Danske Bank A/S is not a trading member of the securities exchange) are primarily executed via 3rd party arrangements with Goldman Sachs International. 10.3 Orders in other securities, for example, government securities, corporate bonds, fixed income are transmitted to Danske Page 11 of 16 Bank Group Wealth Management (a part of Danske Bank A/S) for execution. Danske Bank A/S will execute orders on the basis of prices obtained from business partners quoting prices for the relevant securities. When trading as buyer or seller Danske Bank A/S undertakes to obtain the best possible market price for the specific security. 10.4 Orders in shares or units of collective investment schemes are transmitted to Danske Markets (a Division of Danske Bank A/S) for execution. Orders are collated within Danske Markets and placed directly with the fund operator of the respective fund. In practice as fund operators provide the sole execution venue available for this type of security, we will not be able to take into account all the execution factors detailed above. However we do not consider that the availability of only one execution venue in these circumstances will prevent the best possible result being obtained for you. 11. We are required by the FCA to obtain your prior consent to our Order Execution Policy. Such consent will be deemed to have been received when you first place an order with us after receipt of this Policy. We will monitor and review the effectiveness of this Order Execution Policy and related arrangements. We will notify you of any required changes. In addition, we will review the Danske Bank A/S Order Execution Policy at least annually to ensure that we continue to obtain the best possible result for our retail clients.

Page 12 of 16 SCHEDULE 4: TRADING /BROKERAGE CHARGES PAID BY THE CUSTOMER Shares UK/Republic of Ireland and Nordic Markets (Denmark / Sweden / Norway / Finland) France / Germany / Netherlands / Portugal / Spain / Switzerland / USA / Canada Australia / Austria / Belgium / Hong Kong / Hungary / Italy / Japan / New Zealand / Poland / Thailand / Bulgaria / Estonia / Iceland / Latvia / Lithuania / Malaysia / Philippines / Romania / Slovenia / South Africa Croatia / Cyprus / Greece / Indonesia / Israel / Russia / Serbia / Sri Lanka Telephone ebanking Amount Charge Minimum Charge 0-10,000 1.75% 28 Flat fee 15 10,001 20,000 1.25% Flat fee 15 20,001 40,000 0.50% Flat fee 25 40,001 100,000 0.40% Flat fee 25 100,001 300.000 0.30% Flat fee 50 >300,000 0.30% Not Available 0-10,000 1.75% 40 Flat fee 25 10,001 20,000 1.25% Flat fee 25 20,001 100,000 0.50% Flat fee 40 100,001 300,000 0.50% Flat fee 50 >300,000 0.50% Not Available 0-10,000 1.75% 40 Not Available 10,000 20,000 1.25% Not Available >20,000 0.50% Not Available ON REQUEST ONLY ON REQUEST ONLY ON REQUEST ONLY Not Available

Page 13 of 16 Corporate Bonds / Fixed Income & Government Debt Instruments (GILTS) Telephone ebanking Amount Charge Minimum Charge UK/Ireland 0-40,000 0.250% 28 Flat fee 15 40,001 100,000 0.100% Flat fee 25 100,001 300,000 0.075% Flat fee 50 >300,001 0.075% Not Available Others 1 0-40,000 0.250% 40 Flat fee 25 Collective Funds (OEICS / Unit Trust Funds) Architas Multi-Manager Investments ICVC II (Non ISA only) 40,001 100,000 0.100% Flat fee 40 100,001 300,000 0.075% Flat fee 50 >300,001 0.075% Not Available Telephone / Non Advised ebanking Amount Charge Minimum Charge 0-40,000 0.250% 28 Flat fee 15 40,001 100,000 0.100% Flat fee 25 100,001 300,000 0.075% Flat fee 50 >300,001 0.075% Not Available EXAMPLES: A customer buys 15,000 shares via telephone: A customer buys 15,000 shares via ebanking: Up to 10,000 1.75% 175.00 Flat fee ( 10,000 20,000) 15.00 + 1.25% of 5,000 62.50 Total fee paid 237.50 Total fee paid 15.00 1 Additional foreign charges may apply

Page 14 of 16 S C H E D U L E 5 - S U P P L E M E N T A L T E R M S & C O N D I T I O N S F O R D E A L I N G I N S H A R E S O F A R C H I T A S M U L T I - M A N A G E R I N V E S T M E N T S I C V C I I A N O E I C O N L Y Valid and effective from 01 June 2015 These Terms and Conditions are supplemental to the Terms and Conditions for Securities Trading ( Sharedeal ) and the Terms and Conditions for Custody Accounts and apply to any dealings in shares of Architas Multi-Manager Investments ICVC II, an open-ended investment company with variable capital incorporated with limited liability and registered in England and Wales under registered number IC122 ( the Company ). To the extent that there is any inconsistency between the Terms and Conditions for Securities Trading ( Sharedeal ), the Terms and Conditions for Custody Accounts and these Terms and Conditions, these Terms and Conditions shall prevail. In this section, defined terms shall, unless indicated otherwise, have the meaning assigned to them in the Prospectus for the Company (The Company Prospectus is available on request from Private Banking & Wealth Management, PO BOX 183, Donegall Square West, Belfast, BT1 6JS). We Us and Our means Northern Bank Limited trading as Danske Bank. 1. NOMINEE STRUCTURE 1.1 Any Shares in the Fund(s) of the Company which You choose to purchase will be registered in the name of a nominee appointed by Us. All applications for subscriptions and redemptions of shares in the Company will be made by the nominee appointed by Us. 1.2 The nominee appointed by Us will complete the application, subscription and redemption forms for the Shares in the Fund(s) of the Company. Accordingly, You will not acquire Shares in the Fund(s) of the Company directly and all rights in relation to Shares in the Fund(s) of the Company will be exercisable by the nominee appointed by Us. 2. EXECUTION ONLY 2.1 When You use the Sharedeal service to subscribe for or to redeem Shares in the Fund(s) of the Company We will not advise You on the merit of Your investment decisions and We do not accept responsibility for the consequences of Your decisions or for the suitability of any investment in Shares in the Fund(s) of the Company made by You. 2.2 We make no representations and give no warranties as to the performance of any investment in the Shares in the Fund(s) of the Company. 3. YOUR SUBSCRIPTIONS/REDEMPTIONS 3.1 When using the Sharedeal service You can currently only deal in (i.e. subscribe, redeem or switch between) Shares in the following Funds of the Company: R Class Shares in Architas MA Blended Intermediate Fund R Class Shares in Architas Blended Reserve Fund R Class Shares in Architas MA Blended Moderate Fund R Class Shares in Architas MA Blended Progressive Fund. 3.2 You can subscribe for Shares in the Fund(s) of the Company via Our branch network in Northern Ireland or through Danske Bank s ebanking (This service may be temporarily unavailable when we are carrying out routine maintenance). 3.3 To instruct Us to acquire shares in the Company, You must be a UK resident and must have: a custody account with Danske Bank and a current account with Danske Bank. 3.4 You will receive a contract note to confirm the details of Your subscription/redemption. 3.5 For subscriptions/redemptions via Our branches in Northern Ireland You must sign all subscription/ redemption orders for Shares in the Funds of the Company 3.6 For subscriptions/redemptions via ebanking, on each occasion, You must electronically sign all subscription/redemption orders for Shares in the Company. (Please note this service

may be temporarily unavailable when we are carrying out routine maintenance). 3.7 Fractional Shares in the Fund(s) of the Company of up to four decimal places will be issued in respect of any part of subscription monies insufficient to purchase whole Shares in the Fund(s) of the Company. 4. RESTRICTIONS ON REDEMPTION 4.1 For full details of restrictions on redemptions You should refer to the Company Prospectus. 5. SWITCHING SHARE CLASSES 5.1 Subject to the qualifications set out in the Company Prospectus, You may switch all or some of Your Shares in one Class of a Fund to another Class of Shares in the same Fund or You can switch some all of Your Shares of one Class or Fund ( Original Shares ) to shares of another Fund ( New Shares ). 5.2 When using Sharedeal You can only switch between the Funds and the Classes of Shares in the Funds which are set out above under the heading Your Subscriptions/ Redemptions. 5.3 You must sign both a subscription and a redemption form to take this action in Our branch network Northern Ireland. 5.4 For these purposes, a conversion notice will be treated, firstly, as a redemption request in respect of the Original Shares, such redemption to be processed in accordance with the provisions applicable to redemptions, and as an application form in respect of New Shares, such application to be processed in accordance with the provisions applicable to subscriptions. Accordingly, the switching transaction will be processed within the timeframe ordinarily applicable to a redemption followed by a subscription. 5.5 Switching fees, if any, and further information, are disclosed in the Company Prospectus. Subsequently You will receive two contract notes a subscription note and a redemption note. 6. CUT-OFF TIME FOR SUBSCRIPTIONS/REDEMPTIONS 6.1 The dealing cut-off time is 3.00pm London time on the Business Day preceding the relevant Dealing Day (the Dealing Deadline ). 6.2 Subscription/redemption requests received by Us after the dealing deadline will be processed on the next Dealing Day. For details of the settlement process you should refer to the Company Prospectus. 7. TEMPORARY SUSPENSION OF DEALINGS 7.1 Applications for Shares in the Fund(s) of the Company received during any period when dealings have been temporarily suspended in the circumstances described in the Suspension of Dealings in Shares section in the Company Prospectus will be treated as received on the first Business Day after dealings have recommenced, unless such Page 15 of 16 application has been withdrawn during the period of suspension. 8. PAYMENTS 8.1 All subscription/redemption payments will be made by electronic transfer to/from Your current account. Electronic transfers from Your current account will require cleared funds. 8.2 For subscriptions, We will debit Your current account with the subscription amount and add the Shares in the Fund(s) in the Company to Your custody account on the settlement day. 8.3 For redemptions, We will credit Your current account with the redemption amount and remove the Shares in the Fund(s) in the Company from Your custody account on the settlement day. 9. PRICIING OF THE SHARES 9.1 For full details of how Shares are priced you should refer to the Company Prospectus. 10. CONFIRMATION OF OWNERSHIP 10.1 Contract notes will be issued to you by the close of business on the business day following the relevant Dealing Day. We will, upon request, provide You with information about the status of Your investment. 10.2 We will also forward a statement every six months, which includes Your custody account holdings. 11. TAXATION