European Fund Administration S.A. (EFA) is an independent company servicing investment funds, unit-linked insurance products, private equity funds, real estate funds, hedge funds and funds of hedge funds. EFA is one of the leaders of the outsourcing market in Luxembourg, Europe’s largest fund center. EFA’s range of services includes: Net Asset Value calculation, bookkeeping and portfolio valuation, transfer agent and registrar services, fiscal services, compliance and risk management, performance measurement and attribution, domiciliation and reporting solutions. EFA is present in Luxembourg and in Paris (via EFA France). More information is available at www.efa.eu. EFA's shareholders are KBL European Private Bankers S.A., Banque de Luxembourg S.A., Banque et Caisse d’Epargne de l’Etat, Oddo & Cie and EFA Partners S.A.