VOLUNTARY CANCELLATION CERTIFICATE

Presented to

RAM Active Investments (Europe) SA

Reason for cancellation

offsetting green house gas emissions for and on behalf of RAM (LUX) SYSTEMATIC FUNDS, Sicav

Number of units cancelled
435 CERs
Equivalent to 435 tonne(s) of CO2
Start serial number: IN-5-257895887-2-2-0-6315
End serial number: IN-5-257896321-2-2-0-6315