IMPORTANT:TheStockExchangeof HongKongLimited(“SEHK”),HongKongExchanges andClearingLimited(“HKEx”),HongKongSecuritiesClearingCompanyLimited(“HKSCC”)andtheSecuritiesandFuturesCommission (“SFC”) take no responsibility for the contents of this Announcement, make norepresentationastoitsaccuracyorcompletenessandexpresslydisclaimanyliabilitywhatsoeverforanyloss howsoever arising from or in reliance upon the whole or any part of the contents of thisAnnouncement.SFCauthorisationisnotarecommendationorendorsement ofaschemenordoesitguaranteethecommercialmeritsofaschemeoritsperformance.Itdoesnotmeantheschemeissuitableforallinvestorsnorisitanendorsementofitssuitabilityforanyparticularinvestororclassofinvestors.Commerz Funds Solutions S.A.(the “Manager”)accepts fullresponsibility forthe accuracy of theinformationcontainedinthisAnnouncementandconfirms,havingmadeallreasonableenquiries,thattothebestofitsknowledgeandbelieftherearenootherfactstheomissionofwhichwouldmakeanystatementmisleading.IfyouareinanydoubtaboutthecontentsofthisAnnouncement,youshouldseekindependentprofessionalfinancialadvice.Investmentinvolvesriskswhichmayresultinsignificantlossasthereisnoguaranteeoninvestmentreturns. ComStage1DivDAXUCITS ETF(the“Sub-Fund”) (asub-fundofComStage1,anumbrellaSondervermgenUCITSestablishedinGermanyandauthorised underSection104oftheSecuritiesandFuturesOrdinance(Cap571)ofHongKong) StockCode:3177HK NOTICETOUNITHOLDERS LatePublicationoftheDividendAnnouncementfortheSub-FundCommerzFundsSolutionsS.A.,asmanageroftheSub-Fund,iswritingtoinformyouthatduetodelayinpublishingadividendannouncementbeforetheex-dividenddateof17August2016,tradinginthesharesoftheSub-Fund(StockCode:3177HK)washaltedwitheffectfrom1:38pmon18August2016attherequestoftheManager.Wesubsequentlymadealatepublicationofthedividendannouncementon18August2016andtradingwasresumedat9:00amon19August2016afterthereleaseofthedividendannouncement.This incident was caused by the Manager’s oversight of certainaspects of local reportingformalitiesontheStockExchangeofHongKongandmiscommunicationbetweentheManagerandvariouspartiesinvolvedoverthetimingofthepublicationofthedividendannouncement.Asaresult,thedividendannouncementwasnotdisseminatedinatimelyandefficientmanner andresultedinthetradinghaltoftheSub-Fund. TheManager apologizesforanynegativeimpact causedbythe incidentmentionedabove. Sincetheincidentwehaveengagedexternalcounseltoconducttrainingtostaffon5October 2016,sothereisabetter understandingofthelocalrulesand implementedtighterinternal controlswithenhancedworkingproceduresbothinternallyandwithourcustodianstoprevent theoccurrenceofsuchasituation. Ifyouhaveanyqueriesorconcernsregardingtheabove,pleasecontactusat15Floor,Lee GardenOne,33HysanAvenue,CausewayBay,HongKong (telephonenumber:+8523988 0867). CommerzFundsSolutionsS.A. 18November2016