MST selects CACEIS as depositary for two closed-end ship funds

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CACEIS will be acting as depositary for the first two mutual ship funds under the German
KAGB investment act. The two closed-end funds, “MS Marguerita” and “MS Tanja”, will
both be managed by “MST AIFM Eins Fondsmanager GmbH”, which is the investment
management company of “MST Mineralien Schiffahrt Spedition und Transport GmbH.”

Matthias M. Ruttmann, Managing Director of MST explained: “We found CACEIS to be a
flexible service provider, keen to seek out solutions for new asset types: Our ships will be
the first of this asset type to be structured in a German AIF. We have put our trust in
CACEIS`s experience in dealing with regulations and launching funds holding new asset
types, so will have a solid framework for the launch of the funds.”

Holger Sepp, Member of the Management Board at CACEIS in Germany added: “When
entering the closed-end funds industry, we clearly committed ourselves to delivering
depository service to all major asset types. We are very proud that MST has put its faith in
CACEIS`s willingness and ability to service its ship AIFs. During the last couple of months,
we have ensured we are fully prepared to handle all relevant requirements for the funds
such as the depository function and relevant legal aspects.”