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Cost Imposed on the Fund

Sum Manager Fee Authorized Participant Fee Trustee Fee General Administrator Fee

Others

Sum

Redemption commission

    • 0.35

      % per annum

    • 0.10

      % per annum

    • 0.03

      % per annum

    • 0.04

      % per annum

    • 0.006

      % per annum

    • 0.526

      % per annum

Every three months

(3)

For reasons.

Notes

1. “Others” refer to ordinary and repetitive disbursements, including securities trading expenses. The rate is based on the rate in the immediately preceding fiscal year (October 11, 2004 through October 10, 2005). 2. Actual fees and costs to be borne by the Investors are subject to change according to changes in other costs, re-investment of gains or changes in remuneration, etc.

2. Taxes

1) Taxation on the Fund

The withholding tax on the income gains from the Fund is refunded and thus, the Fund does not pay any tax on investment gains.

  • 2)

    Taxation on the Beneficiaries:

    • Taxes on taxable income payable to the beneficiaries are withheld upon termination of the Fund’s term, payment date of dividend, and the date of redemption.

    • Tax rate on income:

¾ Individual investors: 15.4% of income (including the resident tax) ¾ Corporations: 14% (None in case of tax exempt corporations)

  • 3.

    Procedures of Purchase/Redemption

  • 1)

    Purchase of shares of the Fund:

  • Purchase of the shares on the Korea Exchange

¾

Any individual or corporate investor wishing to purchase the shares of this Fund

can do so at the desired point of time or market price during the open hours of

the

Korea

Exchange.

The

payment

procedure

purchase of common stocks (purchase price is paid

is the same with that and the shares delivered

for on

the

3rd

business

day

from

the

date

of

purchase).

  • Purchase of the shares through Authorized Participants (Request for Creation of

the Fund)

¾ Request for purchase of the shares: Authorized Participants ¾ Corporate investors wishing to purchase the shares of the Fund by creation of the Fund (an individual investor may not purchase shares through creation of the Fund) may do so by paying in securities and/or cash corresponding to the Creation Unit or its multiple through the Authorized Participant to the Fund and obtaining the asset manager’s approval.

5

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