Superficie de viñedo en Castilla-La Mancha

1.1. Definition

The equity of the CIU is represented by parts, without par value, which are referred to as units, and confer identical/different (as applicable) rights upon their holders. 1.2. Form of representation

The units adopt the book-entry form [… or… may be represented by certificates of one or more units] and [… may or not be …] fractioned for the purposes of subscription and redemption.

2. Value of the unit 2.1. Initial value

The value of the unit for the purposes of constitution of the CIU was [...]. 2.2. Value for the purposes of subscription

The value of the unit is:

a) the most recent value published, at the date of the request for subscription; or b) the value published on the working day following the date of the request for

subscription. (In this case it should be expressly stated that the order is placed for an unknown price).

2.3. Value for the purposes of redemption The value of the unit is:

132 b) the value published on the business day following the date of the redemption

order. (In this case it should be expressly stated that the order is placed at an unknown price).

3. Conditions for subscription and redemption 3.1. Periods of subscription and redemption

If applicable, the specific periods for subscription and redemption must be indicated, and also the cut-off time of day for acceptance of the respective transactions in each sales channel.

3.2. Subscriptions and redemptions in securities or kind

a) For exchange-traded UCITS, if applicable, the possibility of subscription or redemption in cash, and also the possibility of redemption in kind, must be indicated.

b) For Special Investment Undertakings, the number of unit-holders and the minimum net asset value should be indicated whenever there are grounds for expectation that the Special Investment Undertaking may not attain the legally established limits.

4. Subscription conditions

4.1. Minimum subscription values

The amount and the number of units should be indicated, distinguishing between initial and subsequent subscriptions. Where there are subscriptions plans, detailed information should be given on their functioning.

4.2. Subscription commissions

The applicable rate (or the applicable rates if there is more than one) and the respective criteria for calculation, specifically in terms of the amounts, must be indicated. In case of exemption, the respective conditions should be expressly indicated.

4.3. Date of effective subscription

If should be clarified that the effective subscription, that is to say, the issuance of a unit, takes place only when the value corresponding to the issue price is incorporated into the assets of the CIU.

5. Redemption conditions 5.1. Redemption commission

The applicable rate (or the applicable rates, if there is more than one), and the respective criteria for calculation, specifically, in terms of the amounts invested or the period of ownership of units in the CIU, must be indicated. In the latter case, the criteria for selection of units to be redeemed must be expressly stated. Any exemption must be the subject of a specific reference.

A statement must be included to the effect that any increase in the redemption commissions or any change in the conditions of their calculation that is adverse to the unit-holder shall only apply to those who became unit-holders after its authorisation.

5.2. Prior notification

The maximum period for settlement of redemption orders must be indicated, and it must be made clear that settlement means payment to the unit-holder of the amount payable (specifically, by credit in bank account).

5.3. Conditions of transfer

If applicable, the conditions for transfer of units of the CIU must be identified. CHAPTER IV - RIGHTS AND DUTIES OF UNIT-HOLDERS

The rights of unit-holders must be clearly indicated, specifically, those which involve:

a) Receiving the simplified prospectus before subscription to the CIU, whatever the means of sale of the CIU;

b) Obtaining the full prospectus, at no charge, from the management entity, the depositary or the placement entities, whatever manner of marketing is used for the CIU;

c) Access to the accounting documents of the CIU, which must be sent without charge to unit-holders who request them;

d) Subscription and redemption of units in accordance with the Law and the conditions contained in the instruments of incorporation of the CIU;

e) Receiving their quota of ownership in the CIU in the event of its liquidation; f) Reimbursement by the management entity for losses suffered, without

prejudice to exercise of the right of indemnity recognised in their favour, under the general terms of the law, whenever -

i. - as a result of errors which may be imputed to the management entity in the process of valuation, and publication of the value of the unit,

ƒ the difference between the amount which should have been calculated in accordance with the rules applicable at the moment of calculation of the value of the unit and the amount actually used in subscriptions and redemptions is equal to or greater than 0.5% of the corrected amount of the value of the unit, in absolute terms, or

ƒ the accumulated value of the error is, in absolute terms, equal to or greater than 0.5% of the adjusted value of the unit calculated on the day of the respective rectification; or

ii. errors occur in the imputation of subscription and redemption transactions as regards the asset value of the CIU, resulting from the untimely processing thereof.

Statement must be made of the fact that the subscription of units implies acceptance of the terms of the instruments of incorporation.

134 CHAPTER V - CONDITIONS OF LIQUIDATION OF THE FUND AND SUSPENSION OF THE ISSUE AND REDEMPTION OF THE UNITS

1. Liquidation of the CIU

a) The conditions for liquidation of the CIU, when carried out on the initiative of the management entity, must be clearly indicated, and the applicable period for the purposes of payment of the proceeds of the liquidation must be expressly stated;

b) It must be stated that the liquidation decision results in immediate suspension of subscriptions and redemptions of the CIU;

c) If applicable, a statement should be included making clear that the participants may not demand liquidation of the CIU.

2. Suspension of issuance and redemption of units

Cases in which the management entity, at its discretion, may suspend transactions of subscription and redemption of units, and their effects, must be clearly indicated.

PART II - INFORMATION REQUIRED UNDER APPENDIX II SPECIFIED IN ARTICLE 64