NESTOR-Africa: Notification of liquidation proceeds

Unit class V: The liquidation proceeds as at 30 October 2020 amount to EUR 501.547726 per unit and will be paid out with a value date of 8 December 2020.

Unit class B: The liquidation proceeds as at 30 October 2020 amount to EUR 80.303806 per unit and will be paid out with a value date of 8 December 2020.

NESTOR Investment Management S.A.
3, rue Gabriel Lippmann L-5365 Munsbach
R.C.S. Luxembourg B 45.832 NESTOR Fund (Umbrella)
Notice to Unitholders of the Sub-Fund:

NESTOR Africa Fund
Unit Class B ISIN LU0407232692
Unit Class V ISIN LU1433073878
("Sub-Fund")

NESTOR Investment Management S.A., the management company of the fund "NESTOR Fonds" ("Management Company"), which as a fonds commun de placement ø compartiments multiples is subject to the provisions of Part I of the Law of 17 December 2010 on Undertakings for Collective Investment, hereby notifies the liquidation of the Sub-Fund and the payment of the liquidation proceeds:

The Sub-Fund was liquidated as at 30 October 2020.

Unit Class V:
The liquidation proceeds as at 30 October 2020 amount to EUR 501.547726 per unit and will be paid with value date 8 December 2020.

Unit class B:
The liquidation proceeds as at 30 October 2020 amount to EUR 80.303806 per unit and will be paid out with value date 8 December 2020.

Once the payment has been made, the liquidation procedure will be fully completed.

Munsbach, December 2020
NESTOR Investment Management S.A.