First addendum to the ‘details of the Royal Skandia investment-linked funds’...

Ref – ADD01/2013

First addendum to the ‘details of the Royal Skandia investment-linked funds’ brochureThis addendum should be read and issued in conjunction with the principal brochure (comprising the product brochure, ‘details of the Royal Skandia investment-linked funds’ brochure) and Product Key Facts Statement of the respective products (the Managed Savings Account, Managed Pension Account, Managed Capital Account and Executive Wealthbuilder Account).

The new investment-linked funds below have been launched with effect from 17 April 2013. The contents of the ‘details of the Royal Skandia investment-linked funds’ brochure) (SK3908/INT12-0298/January 2013) which applies to the abovementioned products are updated as below accordingly.

The headers of the second last and last columns of the table ‘list of investment-linked funds – charges’ on pages 4 to 6 will be changed to ‘External Annual Management Charges (based on the value of the underlying fund)’ and ‘Royal Skandia Annual Management Charge (based on the value of the investment-linked fund)’ respectively.

The following details are appended to the table ‘list of investment-linked funds – charges’ on page 6:

Royal Skandia Investment-Linked Fund Name Sector

ExternalAnnual Management Charges (based on the value of theunderlying fund)

Royal SkandiaAnnual Management Charge (based on the value of theinvestment-linked fund)

1. RS USD Aberdeen Asian Local Currency Short Duration Bond

Global Fixed Interest 1.00% 1%

2. RS USD Aberdeen Global Asia Pacific Equity

Asia Pacific Excluding Japan

1.75% 1%

3. RS USD Eastspring Investments Dragon Peacock

Global Emerging Markets 1.75% 1%

4. RS USD Eastspring Investments Indonesia Equity


5. RS USD First State China Growth Asia Pacific Excluding Japan

2.00% 1%

6. RS USD Franklin High Yield Global Fixed Interest 1.20% 1%

7. RS USD Franklin Technology Specialist 1.50% 1%

8. RS USD Henderson Horizon China Asia Pacific Excluding Japan

1.20% 1%

9. RS USD Invesco Asia Consumer Demand Asia Pacific Excluding Japan

1.50% 1%

10. RS USD Invesco Asia Infrastructure Asia Pacific Excluding Japan

1.50% 1%

11. RS USD Invesco Emerging Local Currencies Debt


12. RS USD Investec Emerging Markets Local Currency Debt





13. RS USD Investec Latin American Corporate Debt


14. RS USD Investec Latin American Equity Global Emerging Markets 1.50% 1%

15. RS USD JPMorgan India Asia Pacific Excluding Japan

1.50% 1%

16. RS USD JPMorgan Global Consumer Trends

Global Equities 1.50% 1%

17. RS USD Templeton Emerging Markets Bond Global Fixed Interest 1.50% 1%

18. RS USD Templeton Frontier Markets Global Emerging Markets 2.10% 1%

19. RS USD Templeton Global Total Return Global Fixed Interest 1.05% 1%

The following paragraphs are appended to the section ‘fund management groups’ on page 12:

First State InvestmentsEstablished - 1988 First linked to Royal Skandia – 2003

First State Investments is the international operation of Colonial First State Global Asset Management (‘CFSGAM’), the specialist asset management business of the Commonwealth Bank of Australia. CFSGAM is one of the largest Australian-based investment managers with offices in Sydney, Melbourne, Auckland, London, Edinburgh, Paris, Frankfurt, New York, Hong Kong, Singapore, Jakarta and Tokyo.

First State Investments offers a range of product solutions to institutional and retail investors globally across a diverse range of asset classes, including Australian equities, global equities, Asia Pacific and global emerging markets, global resources, global property securities, global listed infrastructure securities, global fixed interest and credit, emerging market debt, short term investments, direct property and infrastructure investments.

Their approach to investment is driven by a commitment to providing the best possible outcomes over the long term for investors. To achieve this, First State ensures their interests are aligned with investors and uphold a culture of always acting in clients’ best interests.

Henderson Global Investors Established - 1934 First linked to Royal Skandia – 1998

Established in 1934, Henderson is a leading global asset management firm. The company provides its individuals, private banks, third party distributors, insurance companies, pension funds, government bodies, investment trusts, charities and corporate entities with access to skilled investment professionals representing a broad range of asset classes, including equities, fixed income, property and private capital. Henderson is one of Europe’s largest investment managers, manage more than US$99.8 billion and employ around 1,060 members of staff worldwide, of which 287 are investment professionals. (as at 30 June 2012).

Headquartered in London, Henderson sets up offices in Amsterdam, Edinburgh, Frankfurt, Luxembourg, Madrid, Milan, Paris, Vienna and Zurich, Chicago and Hartford in the USA as well as Beijing, New Delhi, Hong Kong, Singapore and Tokyo. It is wholly owned by Henderson Group plc, which is dual listed on the London Stock Exchange and the Australian Securities Exchange, and is a constituent of the FTSE 250 and S&P/ASX 200 indices.

The following paragraphs are appended to the section ‘self select’ on page 42:

1. RS USD Aberdeen Asian Local Currency Short Duration Bond 1,2,3 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Aberdeen Global Asian Local Currency Short Duration Bond Fund (A2 Share), a sub fund of Aberdeen Global, a Luxembourg registered SICAV managed by Aberdeen Global Services S.A

The aim of the underlying fund is to achieve long-term total return by investing at least two-thirds of the assets in short duration local Asian currency denominated debt and debt-related securities issued by governments, supranational institutions or government related bodies domiciled in Asia; and/or companies that have their registered office in Asia; and/or companies which have the preponderance of their business activities in Asia; and/or holding companies that have the preponderance of assets in companies with their registered office in Asia.

2. RS USD Aberdeen Global Asia Pacific Equity 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Aberdeen Global Asia Pacific Equity Fund (A2 Share), a sub fund of Aberdeen Global, a Luxembourg registered SICAV managed by Aberdeen Global Services S.A.

The aim of the underlying fund is to achieve long-term total return by investing at least two-thirds of the assets in equities and equity-related securities of companies with their registered office in Asia Pacific countries (excluding Japan); and/or of companies which have the preponderance of their business activities in Asia Pacific countries (excluding Japan); and/or of holding companies that have the preponderance of their assets in companies with their registered office in Asia Pacific countries (excluding Japan).

3. RS USD Eastspring Investments Dragon Peacock 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Eastspring Investments Dragon Peacock Fund (A USD), a sub-fund of Eastspring Investments, an open-ended investment company registered in Luxembourg, managed by Eastspring Investments (Singapore) Limited.

The aim of the underlying fund is to maximize long-term total return by investing primarily in equity and equity related instruments of corporations, which are incorporated in, or listed in, or operating principally from, or carrying on significant business in, or derive substantial revenue from, or whose subsidiaries, related or associated corporations derive substantial revenue from, the People's Republic of China (PRC) and the Republic of India. The investments of the underlying fund include, but are not limited to, listed securities in the Recognised Markets, depository receipts, including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), debt securities convertible into common shares, preference shares and warrants.

4. RS USD Eastspring Investments Indonesia Equity 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Eastspring Investments Indonesia Equity Fund (A USD), a sub-fund of Eastspring Investments, an open-ended investment company registered in Luxembourg, managed by Eastspring Investments (Singapore) Limited.

The aim of the underlying fund is to maximize long-term total return by investing primarily in equity and equity-related securities of companies, which are incorporated, listed in or have their area of primary activity, in Indonesia. The underlying fund may also invest in depository receipts, including American Depository Receipts (ADRs) and Global Depository Receipts (GDRs), debt securities convertible into common shares, preference shares and warrants.

5. RS USD First State China Growth 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the First State China Growth Fund (Class I Acc USD) ), a sub fund of First State Global Umbrella Fund plc, an Irish authorised Investment Company managed by First State Investments (Hong Kong) Limited.

The aim of the underlying fund is to achieve long term capital appreciation by investing primarily in securities issued by companies with either assets in, or revenues derived from the People's Republic of China that are listed, traded or dealt in on regulated markets in China, Hong Kong, Taiwan, the US or in a member state of the OECD.

6. RS USD Franklin High Yield 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Franklin High Yield Fund (A Acc USD), a sub fund of Franklin Templeton Investment Funds, a Luxembourg registered SICAV managed by Franklin Advisers, Inc.

The aim of the underlying fund is to earn a high level of current income and seeks capital appreciation when consistent with its principal objective, by principally investing either directly or through the use of financial derivative instruments, in fixed income debt Securities of US or Non-US issuers.

7. RS USD Franklin Technology 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Franklin Technology Fund (A Acc USD), a sub fund of Franklin Templeton Investment Funds, a Luxembourg registered SICAV managed by Franklin Advisers, Inc.

The aim of the underlying fund is to achieve capital appreciation by investing at least two-thirds of its assets in equity securities of US and non US companies expected to benefit from the development, advancement and use of technology and communication services and equipment.

8. RS USD Henderson Horizon China 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Henderson Horizon China Fund (A2 Share), a sub fund of the Henderson Horizon Fund, a Luxembourg authorised SICAV managed by Henderson Fund Management (Luxembourg) S.A.

The aim of the underlying fund is to seek long-term capital appreciation through investment in securities listed primarily in China, Hong Kong and Taiwan. The underlying fund may also invest in companies incorporated elsewhere that have significant assets, business, production, trading activity or other interests in China, Hong Kong or Taiwan.

9. RS USD Invesco Asia Consumer Demand 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Invesco Asia Consumer Demand Fund (A Acc USD), a sub fund of Invesco Funds, a Luxembourg domiciled SICAV managed by Invesco Management S.A.

The aim of the underlying fund is to achieve long-term capital appreciation by investing at least 70% of the total assets of the underlying fund in equity securities of Asian companies whose business is likely to benefit from, or is related to growth in domestic consumption in Asian economies, excluding Japan.

10. RS USD Invesco Asia Infrastructure 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Invesco Asia Infrastructure Fund (A Acc USD), a sub fund of Invesco Funds, a Luxembourg domiciled SICAV managed by Invesco Management S.A.

The aim of the underlying fund is to achieve long-term capital growth from investments in a diversified portfolio of Asian securities of issuers which are predominantly engaged in infrastructure activities.

11. RS USD Invesco Emerging Local Currencies Debt 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Invesco Emerging Local Currencies Debt Fund(A Dist USD), a sub fund of Invesco Funds, a Luxembourg domiciled SICAV managed by Invesco Management S.A.

The aim of the underlying fund is to achieve long-term capital growth and high income. The underlying fund will invest at least two thirds of its total assets (after deduction of ancillary liquid assets) in a flexible allocation of cash, debt securities (including corporate bonds, and bonds issued by supranational organisations) and financial derivative instruments which are denominated in the currency of emerging market countries.

12. RS USD Investec Emerging Markets Local Currency Debt 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Investec Emerging Markets Local Currency Debt Fund (A Share), a sub fund of the Investec Global Strategy Fund, a Luxembourg domiciled SICAV managed by Investec Asset Management Limited.

The aim of the underlying fund is to provide income and generate capital gains over the long term, primarily through investment in public sector, sovereign and corporate bonds issued by emerging market borrowers. These securities will be primarily denominated in the currencies of emerging market countries.

13. RS USD Investec Latin American Corporate Debt 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Investec Latin American Corporate Debt Fund (A Share), a sub fund of the Investec Global Strategy Fund, a Luxembourg domiciled SICAV managed by Investec Asset Management Limited.

The aim of the underlying fund is to achieve a high level of income, with the opportunity for capital gain, from a diversified portfolio of fixed and floating rate securities issued by Latin American governments and institutions, companies incorporated in Latin America and companies incorporated outside of Latin America but which carry out a significant proportion of their operations (more than 50%) in Latin America and/or companies incorporated outside of Latin America which are controlled by entities established in Latin America.

14. RS USD Investec Latin American Equity 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Investec Latin American Equity Fund (A Share), a sub fund of the Investec Global Strategy Fund, a Luxembourg domiciled SICAV managed by Investec Asset Management Limited.

The aim of the underlying fund is to achieve long term capital growth primarily through investment in equities or equity-related securities of companies incorporated in Latin America, companies incorporated outside of Latin America but which carry out a significant proportion (more than 50%) of their operations in Latin America and/or companies incorporated outside of Latin America which are controlled by entities established in Latin America.

15. RS USD JPMorgan India 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan India Fund (A Share), a sub fund of JPMorgan Funds, a Luxembourg domiciled SICAV managed by JPMorgan Asset Management (Europe) S.à.r.l.

The aim of the underlying fund is to provide long-term capital growth by investing primarily in Indian companies.

16. RS USD JPMorgan Global Consumer Trends 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan Global Consumer Trends Fund (A Acc USD), a sub-fund of JPMorgan Funds, a Luxembourg domiciled SICAV managed by JPMorgan Asset Management (Europe) S.a.r.l.

The aim of the underlying fund is to provide long-term capital growth by investing primarily in companies benefiting from

consumer driven opportunities, globally.

17. RS USD Templeton Emerging Markets Bond 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Templeton Emerging Markets Bond Fund (A Acc USD), a sub fund of Franklin Templeton Investment Funds, a Luxembourg registered SICAV managed by Franklin Advisers, Inc.

The aim of the underlying fund is to maximize total investment return, consisting of a combination of interest income, capital appreciation and currency gains by investing principally in a portfolio of fixed and floating rate debt securities and debt obligations issued by governments and government- related issuers or corporate entities located in developing or emerging market countries.

18. RS USD Templeton Frontier Markets 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Templeton Frontier Markets Fund (A Acc USD), a sub fund of Franklin Templeton Investment Funds, a Luxembourg registered SICAV managed by Templeton Asset Management Ltd.

The aim of the underlying fund is to achieve long-term capital appreciation by investing principally in equity securities of companies incorporated and/or having their principal business activities in the frontier markets countries across the market capitalisation spectrum.

19. RS USD Templeton Global Total Return 1,2,3,4 US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Templeton Global Total Return Fund (A Acc USD), a sub fund of Franklin Templeton Investment Funds, a Luxembourg registered SICAV managed by Franklin Advisers, Inc.

The aim of the underlying fund is to maximise total investment return consisting of a combination of interest income, capital appreciation, and currency gains by investing principally in a portfolio of fixed and/or floating rate debt securities and debt obligations issued by government and government- related issuers or corporate entities worldwide.

Skandia International, part of the wealth management business of Old Mutual plc, is the international group of companies which provides offshore and cross-border investment solutions.

www.skandiainternationalhk.com

Calls may be monitored and recorded for training purpose and to avoid misunderstandings.

Investment involves risks. For details of the underlying fund including the risk factors, fees and charges, please refer to the respective prospectus of the underlying fund which is made available from the financial adviser in the first instance or at our Hong Kong office.

Royal Skandia’s Hong Kong Office: 24th Floor, Henley Building, 5 Queen’s Road Central, Hong Kong Phone: + 852 3552 5888 Fax: +852 3552 5889 E-mail: [email protected]: www.skandiainternationalhk.com

Authorised by the Insurance Authority of Hong Kong to carry on long term business

Royal Skandia Life Assurance Limited is registered in the Isle of Man under number 24916C. Registered and Head Office: Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. Phone: +44 (0) 1624 655 555 Fax: +44 (0) 1624 611 715Authorised by the Isle of Man Insurance and Pensions Authority.

Royal Skandia is a member of the Association of International Life Offices.

SK9054/INT13-0327/April 2013

– ADD01 2013

2013 4 17SK8239 / INT12-0481/January 2013

4 6 —

6 —

1. 1.00% 1%

2. 1.75% 1%

3. 1.75% 1%

4. 1.50% 1%

5. 2.00% 1%

6. 1.20% 1%

7. 1.50% 1%

8. 1.20% 1%

9. 1.50% 1%

10. 1.50% 1%

11. 1.50% 1%

12. 1.50% 1%

13. 1.50% 1%

14. 1.50% 1%

15. 1.50% 1%

16. 1.50% 1%

17. 1.50% 1%

18. 2.10% 1%

19. 1.05% 1%

12

19882003

Colonial First State Global Asset Management (CFSGAM) CFSGAM

19341998

1934

9981,060 287 2012 6 30

Henderson Group plc Henderson Group plc 250 ASX200

42

1. (1,2,3) * * *

(A2 Share)Aberdeen Global Services S.A SICAV

2/3

2. (1,2,3,4) * * *

(A2 Share)Aberdeen Global Services S.A SICAV

2/3

3. (1,2,3,4) * * *

(A USD) Eastspring Investments (Singapore) Limited

ADRGDR

4. (1,2,3,4) * * *

(A USD)Eastspring Investments (Singapore) Limited

ADR GDR

5. (1,2,3,4) * * *

(Class I Acc USD)

6. (1,2,3,4) * * *

(A Acc USD)Franklin Advisers, Inc. SICAV

7. (1,2,3,4) * * *


8. (1,2,3,4) * * *

(A2 Share)Henderson Fund Management (Luxembourg) S.A. SICAV

9. (1,2,3,4) * * *

(A Acc USD)

Invesco Management S.A. SICAV

70%

10. (1,2,3,4) * * *

(A Acc USD)Invesco Management S.A. SICAV

11. (1,2,3,4) * * *

(A Dist USD)Invesco Management S.A. SICAV

12. (1,2,3,4) * * *

(A Share)Investec Asset Management Limited SICAV

13. (1,2,3,4) * * *


50%

14. (1,2,3,4) * * *


50%

15. (1,2,3,4) * * *

(A Share) JPMorgan Asset Management (Europe) S.à.r.l. SICAV

16. (1,2,3,4) * * *

(A Acc USD)JPMorgan Asset Management (Europe) S.a.r.l SICAV

17. (1,2,3,4) * * *


18. (1,2,3,4) * * *

(A Acc USD)Franklin Asset Management Ltd. SICAV

19. (1,2,3,4) * * *


Skandia International Old Mutual plc


5 24 + 852 3552 5888 +852 3552 5889

[email protected] www.skandiainternationalhk.com

Royal Skandia Life Assurance Limited 24916C Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles.

+44 (0) 1624 655 555 +44 (0) 1624 611 715

(Isle of Man Insurance & Pensions Authority)

(Association of International Life Offices)

SK9054/INT13-0327/April 2013

Ref – ADD02/2013

Second addendum to the ‘details of the Royal Skandia investment-linked funds’ brochure This addendum should be read and issued in conjunction with the principal brochure (comprising the product brochure, ‘details of the Royal Skandia investment-linked funds’ brochure and its First Addendum (ADD01/2013) issued in April 2013) and Product Key Facts Statement of the respective products (the Managed Savings Account, Managed Pension Account, Managed Capital Account and Executive Wealthbuilder Account).

The new investment-linked funds below have been launched with effect from 23/05/2013.The contents of the ‘details of the Royal Skandia investment-linked funds’ brochure) (SK3908/INT12-0298/January 2013) which applies to the above mentioned products are updated as below accordingly.

The following details are appended to the table ‘list of investment-linked funds – charges’ on page 6 (after perusal of the First Addendum (ADD01/2013) to the ‘details of the Royal Skandia investment-linked funds’ brochure):

Royal Skandia Investment-Linked Fund Name

Sector



1. RS USD Baring ASEAN Frontiers Asia Pacific Excluding Japan - Equities

1.25% 1%

2. RS USD BlackRock Emerging Markets Local Currency Bond

Fixed Interest - Global 1.00% 1%

3. RS USD Fidelity China Consumer Asia Pacific Excluding Japan - Equities

1.50% 1%

4. RS USD Fidelity Global Dividend Global - Equities 1.50% 1%

5. RS USD Franklin Gold & Precious Metals Commodity & Energy - Other

1.50% 1%

6. RS USD Franklin Mutual Global Discovery Global – Equities 1.50% 1%

7. RS USD Franklin Natural Resources Commodity & Energy - Other

1.50% 1%

8. RS USD Invesco PRC Equity Asia Pacific Excluding Japan - Equities

2.00% 1%

9. RS USD Schroder ISF Global Climate Change Equity

Global - Equities 1.50% 1%

10. RS USD Schroder ISF Global High Yield Fixed Interest - Global 1.00% 1%

11. RS USD Schroder ISF QEP Global Active Value

Global - Equities 1.25% 1%


1. RS USD Baring ASEAN Frontiers (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Baring ASEAN Frontiers Fund (class A), a sub fund of Baring International Umbrella Fund, a unit trust authorised in Ireland, managed by Baring International Fund Managers (Ireland) Limited.

The aim of the underlying fund is to achieve long-term capital growth in the value of assets by investing in companies in Asia which the managers believe will benefit from the economic growth and development of the region.

2. RS USD BlackRock Emerging Markets Local Currency Bond (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the BlackRock Emerging Markets Local Currency Bond Fund (class A), a sub fund of BlackRock Global Funds, a Luxembourg registered SICAV managed by BlackRock (Luxembourg) S.A.

The aim of the underlying fund is to maximise total return. The underlying fund invests at least 70% of its total assets in local currency denominated fixed income transferable securities issued by governments and agencies of, and companies domiciled or exercising the predominant part of their economic activity in, emerging markets.

3. RS USD Fidelity China Consumer (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Fidelity China Consumer Fund (class A), a sub fund of Fidelity Funds, a Luxembourg registered SICAV managed by FIL Investment Management (Luxembourg) S.A.

The aim of the underlying fund is to achieve long-term capital growth through investing primarily in equity securities of companies having their head office or exercising a predominant part of their activities in China or Hong Kong. These companies are involved in the development, manufacture or sales of goods or services to consumers in China.

4. RS USD Fidelity Global Dividend (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Fidelity Global Dividend Fund (class A), a sub fund of Fidelity Funds, a Luxembourg registered SICAV managed by FIL Investment Management (Luxembourg) S.A

The aim of the underlying fund is to achieve income and long term capital growth principally through investments in income producing equity securities globally.

5. RS USD Franklin Gold & Precious Metals (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Franklin Gold and Precious Metals Fund (class A), a sub fund of Franklin Templeton Investment Funds, a Luxembourg registered SICAV managed by Franklin Advisers Inc.

The aim of the underlying fund is to achieve capital appreciation by investing principally of its net assets in the securities of companies around the world that mine, process or deal in gold and other precious metals such as platinum, palladium and silver.

6. RS USD Franklin Mutual Global Discovery (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Franklin Mutual Global Discovery Fund (class A), a sub fund of Franklin Templeton Investment Funds, a Luxembourg registered SICAV managed by Franklin Mutual Advisers, LLC.

The aim of the underlying fund is to achieve capital appreciation by investing in common stock, preferred stock and debt securities convertible or expected to be convertible into common or preferred stock of companies of any

nation as well as in sovereign debts and participations in foreign government debts that the investment manager believes are available at market prices less than their intrinsic value.

7. RS USD Franklin Natural Resources (1,2,3,4) US$/ €*/ £*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Franklin Natural Resources Fund (class A), a sub fund of Franklin Templeton Investment Funds, a Luxembourg registered SICAV managed by Franklin Advisers Inc.

The aim of the underlying fund is to provide investors with capital appreciation and current income by investing primarily in equity securities issued by companies that are involved in natural resources and related businesses. These companies may be of any size and located in any country, including emerging markets.

8. RS USD Invesco PRC Equity (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Invesco PRC Equity Fund (class A), a sub fund of Invesco Funds Series 5, a unit trust authorised in Ireland, managed by Invesco Global Asset Management Limited.

The aim of the underlying fund is to achieve long-term capital growth by investing in transferable securities of companies with substantial exposure to mainland China.

9. RS USD Schroder ISF Global Climate Change Equity (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Schroder ISF Global Climate Change Equity (class A), a sub fund of Schroder International Selection Fund, a Luxembourg registered SICAV managed by Schroder Investment Management (Luxembourg) S.A.

The aim of the underlying fund is to provide capital growth primarily through investment in equities securities of worldwide issuers which will benefit from efforts to accommodate or limit the impact of global climate change.

10. RS USD Schroder ISF Global High Yield (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Schroder ISF Global High Yield (class A), a sub fund of Schroder International Selection Fund, a Luxembourg registered SICAV managed by Schroder Investment Management (Luxembourg) S.A.

The aim of the underlying fund is to provide a return of capital growth and income primarily through investment in a portfolio of bonds and other fixed and floating rate securities denominated in various currencies and issued by governments, government agencies, supra-national and corporate issuers worldwide.

11. RS USD Schroder ISF QEP Global Active Value (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Schroder ISF QEP Global Active Value (class A), a sub fund of Schroder International Selection Fund, a Luxembourg registered SICAV managed by Schroder Investment Management (Luxembourg) S.A.

The aim of the underlying fund is to provide a total return primarily through active investment in a diversified value style biased portfolio of equity and equity related securities of companies worldwide.







Royal Skandia Life Assurance Limited is registered in the Isle of Man under number 24916C. Registered and Head Office: Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. Phone: +44 (0) 1624 655 555 Fax: +44 (0) 1624 611 715 Authorised by the Isle of Man Insurance and Pensions Authority.


SK9055/INT13-0328/May 2013

ADD02/2013

(SK8239/INT12-0481/January 2013) 2013 4(ADD01/2013)

2013 5 23

6 (ADD01/2013 )

1. 1.25% 1%

2. 1.00% 1%

3. 1.50% 1%

4. 1.50% 1%

5. 1.50% 1%

6. 1.50% 1%

7. 1.50% 1%

8. 2.00% 1%

9. 1.50% 1%

10. 1.00% 1%

11. 1.25% 1%

42

1. (1,2,3,4) * * *

ABaring International Fund Managers (Ireland) Limited

2. (1,2,3,4) * * *

A(SICAV) BlackRock (Luxembourg) S.A.

70%

3. (1,2,3,4) * * *

A(SICAV) FIL Investment Management (Luxembourg) S.A.

4. (1,2,3,4) * * *

A(SICAV) FIL Investment Management (Luxembourg) S.A.

5. (1,2,3,4) * * *

A(SICAV) Franklin Advisers Inc.

6. (1,2,3,4) * * *

A(SICAV) Franklin Mutual Advisers, LLC

7. (1,2,3,4) * * *

A(SICAV) Franklin Advisers Inc.

8. (1,2,3,4) * * *

AInvesco Global Asset Management Limited

9. (1,2,3,4) * * *

A(SICAV) Schroder Investment Management (Luxembourg) S.A.

10. (1,2,3,4) * * *


11. (1,2,3,4) * * *


Skandia International Old Mutual plc


5 24+ 852 3552 5888 +852 3552 5889 [email protected]

Royal Skandia Life Assurance Limited 24916CSkandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles

+44 (0) 1624 655 555 +44 (0) 1624 611 715 (Isle of Man Insurance and Pensions Authority)


SK9055/INT13-0328/May 2013

Ref – ADD03/2013

Third addendum to the ‘details of the Royal Skandia investment-linked funds’ brochure This addendum should be read and issued in conjunction with the principal brochure (comprising the product brochure, ‘details of the Royal Skandia investment-linked funds’ brochure (SK3908/INT12-0298/January 2013) and its First and Second addenda (ADD01 and ADD02/2013) issued in April and May 2013) and Product Key Facts Statement of the respective products (the Managed Savings Account, Managed Pension Account, Managed Capital Account and Executive Wealthbuilder Account). Due to merger of the underlying funds of BNP Paribas L1 with the relevant underlying funds of PARVEST on 21 May 2013, the underlying funds and names of the Royal Skandia BNP Paribas L1 investment-linked funds have been changed as follows.

The relevant Royal Skandia investment-linked funds listed in the first column of the table ‘list of investment-linked funds – charges’ on page 5 of the ‘details of the Royal Skandia investment-linked funds’ brochure and as supplemented by its First and Second addenda have been changed as follows: Existing name of Royal Skandia investment-linked fund

New name of Royal Skandia investment-linked fund

RS USD BNP Paribas L1 Bond Best Selection World Emerging

RS USD Parvest Bond Best Selection World Emerging

RS EUR BNP Paribas L1 Equity Russia RS EUR Parvest Equity Russia RS USD BNP Paribas L1 Equity World Emerging RS USD Parvest Equity World Emerging RS EUR BNP Paribas L1 Equity World Materials RS EUR Parvest Equity World Materials RS EUR BNP Paribas L1 Equity World Utilities RS EUR Parvest Equity World Utilities The relevant contents under the section ‘self select’ on pages 28 and 29 are changed as follows. 1. On page 28, the title and first sub-paragraph in respect of RS USD BNP Paribas L1 Bond Best Selection

World Emerging are deleted and replaced by the contents as underlined below. The second sub-paragraph remains unchanged:

RS USD Parvest Bond Best Selection World Emerging 1,2,3,4 US$/£*/€*/HK$* The Royal Skandia investment-linked fund invests solely in the PARVEST Bond Best Selection World Emerging, a sub-fund of PARVEST, a Luxembourg-registered SICAV managed by BNP Paribas Investment Partners Luxembourg S.A. The objective of the underlying fund is to increase asset value in the medium term. The underlying fund invests at least 2/3 of its assets in a limited number of bonds and debt securities or other securities issued by emerging countries defined as non OECD countries prior to 1 January 1994 together with Turkey or by companies characterised by a strong financial structure and/or potential for profitable growth that have their registered offices or conduct a majority of their business activities in these countries, as well as in derivative financial instruments on this type of asset. The remaining portion, namely a maximum of 1/3 of its assets, may be invested in any other transferable securities, money market instruments, derivative financial instruments or cash, and up to 10% of its assets in other UCITs or UCIs.

2. On page 28, the title and first sub-paragraph in respect of RS EUR BNP Paribas L1 Equity Russia are

deleted and replaced by the contents as underlined below. The second sub-paragraph remains unchanged:

RS EUR Parvest Equity Russia 1,2,3,4 €/US$*/£*/HK$* The Royal Skandia investment-linked fund invests solely in the PARVEST Equity Russia, a sub-fund of PARVEST, a Luxembourg registered SICAV managed by BNP Paribas Investment Partners Luxembourg S.A. The aim of the underlying fund is to increase asset value in the medium term. The underlying fund invests at least 2/3 of its assets in shares or other securities of companies that have their registered offices or conduct the majority of their business activities in Russia and in derivative financial instruments on this type of asset. The remaining portion, namely a maximum of 1/3 of its assets, may be invested in any other transferable securities, money market instruments, derivative financial instruments or cash, provided that the investments in debt securities of any kind do not exceed 15% of its assets and up to 10% of its assets in other UCITs or UCIs. 3. On page 28, the title and first sub-paragraph in respect of RS USD BNP Paribas L1 Equity World

Emerging are deleted and replaced by the contents as underlined below. The second sub-paragraph remains unchanged:

RS USD Parvest Equity World Emerging 1,2,3,4 US$/£*/€*/HK$* The Royal Skandia investment-linked fund invests solely in the PARVEST Equity World Emerging, a sub-fund of PARVEST, a Luxembourg-registered SICAV managed by BNP Paribas Investment Partners Luxembourg S.A. The aim of the underlying fund is to increase asset value in the medium term. The underlying fund invests at least 2/3 of its assets in shares or other securities of companies that have their registered offices or conduct the majority of their business activities in emerging countries defined as non OECD countries prior to 1 January1994 together with Turkey, and in financial derivative instruments on this type of asset. The remaining portion, namely a maximum of 1/3 of its assets, may be invested in any other transferable securities, money market instruments, financial derivative instruments or cash, provided that the investments in debt securities of any kind do not exceed 15% of its assets and up to 10% of its assets in other UCITs or UCIs.

4. On page 29, the title and first sub-paragraph in respect of RS EUR BNP Paribas L1 Equity World Materials are deleted and replaced by the contents as underlined below. The second sub-paragraph remains unchanged:

RS EUR Parvest Equity World Materials 1,2,3,4 €/US$*/£*/HK$* The Royal Skandia investment-linked fund invests solely in the PARVEST Equity World Materials, a sub-fund of PARVEST, a Luxembourg-registered SICAV managed by BNP Paribas Investment Partners Luxembourg S.A. The aim of the underlying fund is to increase asset value in the medium term. The underlying fund invests at least 2/3 of its assets in shares or other securities of companies that conduct the majority of their business activities in the materials sector (e.g. among others, in building and packaging materials, base chemicals, metals, forestry, paper etc.) and related or connected sectors, as well as in derivative financial instruments on this type of asset. The remaining portion, namely a maximum of 1/3 of its assets, may be invested in any other transferable securities, money market instruments, derivative financial instruments or cash, provided that the investments in debt securities of any kind do not exceed 15% of its assets and up to 10% of its assets in other UCITs or UCIs. 5. On page 29, the title and first sub-paragraph in respect of RS EUR BNP Paribas L1 Equity World

Utilities are deleted and replaced by the contents as underlined below. The second sub-paragraph remains unchanged:

RS EUR Parvest Equity World Utilities 1,2,3,4 €/US$*/£*/HK$* The Royal Skandia investment-linked fund invests solely in the PARVEST Equity World Utilities, a sub fund of PARVEST, a Luxembourg registered SICAV managed by BNP Paribas Investment Partners Luxembourg S.A.

The aim of the underlying fund is to increase asset value in the medium term. The underlying fund invests at least 2/3 of its assets in shares or other securities of companies that conduct the majority of their business activities in the local authorities services sector and in related or connected sectors and in derivative financial instruments on this type of asset. The remaining portion, namely a maximum of 1/3 of its assets, may be invested in any other transferable securities, money market instruments, derivative financial instruments or cash, provided that the investments in debt securities of any kind do not exceed 15% of its assets and up to 10% of its assets in other UCITs or UCIs.


www.skandiainternationalhk.com Calls may be monitored and recorded for training purpose and to avoid misunderstandings.





Royal Skandia is a member of the Association of International Life Offices. SK9069/INT13-0341/June 2013

– ADD03/2013

SK8239 / INT12-0481/January 2013 2013 4 5ADD01 ADD02/2013

L1 PARVEST 2013 5 21 L1

5 —

L1

L1 L1 L1 L1

28-29

1. 28 L1

1,2,3,4

* * *

— BNP Paribas Investment Partners Luxemburg S.A. SICAV

2/3 1994 1 1

1/3 10% UCITS UCI

2. 28 L1

1,2,3,4

* * *

BNP Paribas Investment Partners Luxemburg S.A. SICAV

2/3

1/3 15% 10% UCITS UCI

3. 28 L1

1,2,3,4

* * *


2/3 1994 1 1

1/3 15% 10%

UCITS UCI 4. 29 L1

1,2,3,4

* * *


2/3

1/3 15%

10% UCITS UCI

5. 29 L1

1,2,3,4

* * *


2/3

1/3 15% 10% UCITS UCI

Skandia International Old Mutual plc www.skandiainternationalhk.com

5 24

+ 852 3552 5888 +852 3552 5889 [email protected]


Royal Skandia Life Assurance Limited 24916C

Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. +44 (0) 1624 655 555 +44 (0) 1624 611 715



SK9069/INT13-0341/June 2013

Ref – ADD04/2013

Fourth addendum to the ‘details of the Royal Skandia investment-linked funds’ brochure This addendum should be read and issued in conjunction with the principal brochure (comprising the product brochure, ‘details of the Royal Skandia investment-linked funds’ brochure and its First, Second and Third Addenda (ADD01, ADD02 and ADD03/2013) issued in 2013) and Product Key Facts Statement of the respective products (the Managed Savings Account, Managed Pension Account, Managed Capital Account and Executive Wealthbuilder Account).

The new investment-linked funds below have been launched with effect from 21 June 2013. The contents of the ‘details of the Royal Skandia investment-linked funds’ brochure) (SK3908/INT12-0298/January 2013) which applies to the abovementioned products are updated as below accordingly.

The following details are appended to the table ‘list of investment-linked funds – charges’ on page 6 (after perusal of the First, Second and Third Addenda (ADD01, ADD02 and ADD03/2013) to the ‘details of the Royal Skandia investment-linked funds’ brochure):




1. RS USD JPMorgan Global Natural Resources

Commodity & Energy 1.50% 1%

2. RS USD JPMorgan Highbridge Statistical Market Neutral

Specialist 1.50% 1%

3. RS USD JPMorgan Emerging Middle East Equity


4. RS USD JPMorgan Emerging Europe, Middle East and Africa Equity


5. RS USD JPMorgan Global High Yield Bond


6. RS USD JPMorgan Emerging Markets Debt


7. RS USD JPMorgan Asia Pacific Income Asia Pacific Excluding Japan

1.50% 1%


1. RS USD JPMorgan Global Natural Resources (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan Global Natural Resources Fund (class A), a sub fund of JPMorgan Funds, a Luxembourg registered SICAV managed by JPMorgan Asset Management (Europe) S.à.r.l.

The aim of the underlying fund is to provide long-term capital growth by investing primarily in natural resources companies, globally, many of which are in the early stages of exploration.

2. RS USD JPMorgan Highbridge Statistical Market Neutral (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan Highbridge Statistical Market NeutralFund (class A), a sub fund of JPMorgan Investment Funds, a Luxembourg registered SICAV managed by JPMorgan Asset Management (Europe) S.à.r.l.

The aim of the underlying fund is to provide a total return in all market environments in excess of the return on short-term instruments, through a market neutral strategy. Derivatives will be used where appropriate to gain exposure primarily to European and US equity securities.

3. RS USD JPMorgan Emerging Middle East Equity (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan Emerging Middle East Equity Fund (class A), a sub fund of JPMorgan Funds, a Luxembourg registered SICAV managed by JPMorgan Asset Management (Europe) S.à.r.l.

The aim of the underlying fund is to provide long-term capital growth by investing primarily in companies of the emerging markets of the Middle East region.

4. RS USD JPMorgan Emerging Europe, Middle East and Africa Equity (1,2,3,4) US$/ €*/ £*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan Emerging Europe, Middle East and Africa Equity Fund (class A), a sub fund of JPMorgan Funds, a Luxembourg registered SICAV managed by JP Morgan Asset Management (Europe) S.à.r.l.

The aim of the underlying fund is to provide long-term capital growth by investing primarily in companies of the emerging markets of central, eastern and southern Europe, Middle East and Africa.

5. RS USD JPMorgan Global High Yield Bond (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan Global High Yield Bond Fund (class A), a sub fund of JPMorgan Investment Funds, a Luxembourg registered SICAV managed by JPMorgan Asset Management (Europe) S.à.r.l.

The aim of the underlying fund is to achieve a return in excess of global bond markets by investing primarily in global below investment grade corporate debt securities, using financial derivative instruments where appropriate.

6. RS USD JPMorgan Emerging Markets Debt (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan Emerging Markets Debt Fund (class A), a sub fund of JPMorgan Funds, a Luxembourg registered SICAV managed by JPMorgan Asset Management (Europe) S.à.r.l.

The aim of the underlying fund is to achieve a return in excess of the bond markets of emerging countries by investing primarily in emerging market debt securities, including corporate securities and securities issued in local currencies, using financial derivative instruments where appropriate.

7. RS USD JPMorgan Asia Pacific Income (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the JPMorgan Asia Pacific Income Fund (class A), a sub fund of JPMorgan Funds, a Luxembourg registered SICAV managed by JPMorgan Asset Management (Europe) S.à.r.l.

The aim of the underlying fund is to provide income and long term capital growth by investing primarily in income generating securities of countries in the Asia Pacific region (excluding Japan).









SK9135/INT13-0457/June 2013

– ADD04/2013

SK8239/INT12-0481/January 2013 2013ADD01 ADD02 ADD03/2013

2013 6 21

6 — (ADD01 ADD02 ADD03/2013)

1. 1.50% 1%

2. 1.50% 1%3. 1.50% 1%4. 1.50% 1%5. 0.85% 1%6. 1.15% 1%7. 1.50% 1%

42

1. (1,2,3,4) * * *

A JPMorgan Asset Management (Europe) S.à.r.l. SICAV

2. (1,2,3,4) * * *

AJPMorgan Asset Management (Europe) S.à.r.l. SICAV

3. (1,2,3,4) * * *


4. (1,2,3,4) * * *

AJPMorgan Asset Management (Europe) S.à.r.l. SICAV

5. (1,2,3,4) * * *


6. (1,2,3,4) * * *


7. (1,2,3,4) * * *


Skandia International Old Mutual


5 24+ 852 3552 5888 +852 3552 5889

[email protected]


+44 (0) 1624 655 555 +44 (0) 1624 611 715



SK9135/INT13-0457/June 2013

Ref – ADD05/2013

Fifth addendum to the ‘details of the Royal Skandia investment-linked funds’ brochureThis addendum should be read and issued in conjunction with the principal brochure (comprising the product brochure, ‘details of the Royal Skandia investment-linked funds’ brochure and its First to Fourth Addenda (ADD01, ADD02, ADD03 and ADD04/2013) issued in 2013) and Product Key Facts Statement of the respective products (the Managed Savings Account, Managed Pension Account, Managed Capital Account and Executive Wealthbuilder Account).

The new investment-linked funds below have been launched with effect from 4 September 2013. The contents of the ‘details of the Royal Skandia investment-linked funds’ brochure) (SK3908/INT12-0298/January 2013) which applies to the abovementioned products are updated as below accordingly.

The following details are appended to the table ‘list of investment-linked funds – charges’ on page 6 (after perusal of the First to Fourth Addenda (ADD01, ADD02, ADD03 and ADD04/2013) to the ‘details of the Royal Skandia investment-linked funds’ brochure):




1. RS EUR BlackRock GF Euro Reserve Money 0.45% 1%

2. RS USD Alquity Africa Global Emerging Markets - Equities

1.90% 1%

The following paragraph is appended to the section ‘fund management groups’ on page 12:

Alquity Investment Management Established – 2010 First linked to Royal Skandia – 2012

Alquity Investment Management is a vibrant and fast growing investment management company with a difference. Their business model combines altruism with sustainable equity management to generate long-term attractive returns for investors, while positively transforming the lives of people in the areas in which we invest.

Alquity’s investment process is orientated towards bottom-up stock selection, based on a fundamental analysis of companies, underpinned by a strong validation discipline and overlaid by a rigorous sector and country analysis. Core to Alquity’s investment belief is an appreciation of how environmental, social and governance (ESG) factors can help identify risks and opportunities, traditionally ignored by mainstream financial analysis. To ensure the implementation of this approach, Alquity has adopted the international standards for business framework set up by the United Nations Global Compact to our investment process.

Alquity does not simply sell funds. They offer a completely new model of investment in emerging markets and a philosophy that redefines what is understood by “long-term gain”. A minimum of 25% of Alquity’s revenue from net management fees is channeled into humanitarian projects. Initially these projects are linked to micro-finance, with the aim of creating 100,000 jobs by the fifth year of the fund and then 100,000 jobs a year thereafter.

Therefore profit is not the only return. The bottom line is also a lifeline. Attractive Returns, Sustainable Investment and Transforming Lives: three core principles forming a virtuous circle where both our investors and the economies in which they invest benefit.

All figures as at 28 February 2013.


1. RS EUR BlackRock GF Euro Reserve (3) €

The Royal Skandia investment-linked fund invests solely in the BlackRock Euro Reserve Fund (class A), a sub fund of BlackRock Global Funds, a Luxembourg registered SICAV managed by BlackRock (Luxembourg) S.A.

The aim of the underlying fund is to maximise current income consistent with preservation of capital and liquidity. The underlying fund invests at least 90% of its total assets in investment grade fixed income transferable securities denominated in Euro and Euro cash. The weighted average maturity of the underlying fund’s assets will be 60 days or less.

2. RS USD Alquity Africa (1,2,3,4) US$/ £*/ €*/ HK$*

The Royal Skandia investment-linked fund invests solely in the Alquity Africa Fund (class M), a sub fund of Alquity SICAV, a Luxembourg registered SICAV managed by Lemanik Asset Management S.A.

The aim of the underlying fund is to provide long term capital appreciation by investing principally in (i) securities listed on regulated markets of African countries; or (ii) securities listed on regulated markets outside the African continent provided that the relevant companies realized more than 50% of their revenue and/or profit in the African continent.


Skandia International, part of the wealth management business of Old Mutual Wealth, is the international group of companies which provides offshore and cross-border investment solutions.



Royal Skandia’s Hong Kong Office: 24th Floor, Henley Building, 5 Queen’s Road Central, Hong Kong Phone: + 852 3552 5888 Fax: +852 3552 5889 E-mail: [email protected]




SK9194/INT13-0545/September 2013

– ADD05/2013

SK8239/INT12-0481/January 2013 2013ADD01 ADD02 ADD03 ADD04/2013

2013 9 4

6 — (ADD01 ADD02 ADD03 ADD04/2013)

1. 0.45% 1%

2. Alquity 1.90% 1%

12

Alquity2010

2012

Alquity

AlquityAlquity

ESGUnited Nations Global Compact

AlquityAlquity 25%

100,000 100,000

Alquity

2013 2 28

42

1. (3)

(class A)SICAV BlackRock Luxembourg S.A.

90%60

2. Alquity (1,2,3,4) * * *

Alquity (class M) Alquity SICAVSICAV Lemanik Asset Management S.A.

(i)(ii) 50%

Skandia International Old Mutual Wealth


5 24+ 852 3552 5888 +852 3552 5889

[email protected]


+44 (0) 1624 655 555 +44 (0) 1624 611 715



SK9194/INT13-0545/September 2013

Ref – ADD06/2013-14 Sixth addendum to the ‘details of the Royal Skandia investment-linked funds’ brochure This addendum should be read and issued in conjunction with the principal brochure (comprising the product brochure, ‘details of the Royal Skandia investment-linked funds’ brochure and its First to Fifth addenda (ADD01, ADD02, ADD03, ADD04 and ADD05/2013) issued in 2013) and Product Key Facts Statement of the respective products (the Managed Savings Account, Managed Pension Account, Managed Capital Account and Executive Wealthbuilder Account). The following investment-linked funds are not available for selection. Those investment-linked funds and the relevant contents on the page numbers of the ‘details of the Royal Skandia investment-linked funds’ brochure (SK3908/INT12-0298/January 2013) and the relevant addendum listed below are deleted accordingly. The following investment-linked funds and the relevant contents on the page numbers of the ‘details of the Royal Skandia investment-linked funds’ brochure, or of the item number in the addendum listed below are deleted.

Investment-linked fund name Deletion of the relevant contents contained in the ‘details of the Royal Skandia investment-linked funds’ brochure or its relevant addendum

1. RS EUR BlackRock GF Continental European Flexible

Page 5, 25 and 26

2. RS USD BNY Mellon Continental European Equity

Page 5, 29 and 30

3. RS USD Fidelity Asian Aggressive Page 5 and 30

4. RS USD JPMorgan Highbridge Statistical Market Neutral

Item 2 in ADD04/2013

5. RS USD Martin Currie GF Global Resources

Page 6 and 40

Investment involves risks. For details of the underlying fund including the risk factors, fees and charges, please refer to the respective prospectus of the underlying fund which is made available from the financial adviser in the first instance or at our Hong Kong office. Skandia International, part of the wealth management business of Old Mutual Wealth, is the international group of companies which provides offshore and cross-border investment solutions. www.skandiainternationalhk.com Calls may be monitored and recorded for training purpose and to avoid misunderstandings. Royal Skandia’s Hong Kong Office: 24th Floor, Henley Building, 5 Queen’s Road Central, Hong Kong Phone: + 852 3552 5888 Fax: +852 3552 5889 E-mail: [email protected] Authorised by the Insurance Authority of Hong Kong to carry on long term business Royal Skandia Life Assurance Limited is registered in the Isle of Man under number 24916C. Registered and Head Office: Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. Phone: +44 (0) 1624 655 555 Fax: +44 (0) 1624 611 715 Authorised by the Isle of Man Insurance and Pensions Authority. SK9331/INT13-0798/ February 2014

http://www.skandiainternationalhk.com/mailto:[email protected]

參考編號 – ADD06/2013-14 「萊斯基亞投資相連基金詳情」刊物之附錄六

本附錄文件應與相關產品（理財儲蓄計劃、理財退休金計劃、理財資產計劃及靈變儲蓄計劃）的主要推銷刊物（包括

產品刊物及《萊斯基亞投資相連基金詳情》刊物及其首份、第二、第三、第四及第五份附錄）及產品資料概要一併閱

讀及派發。

下列投資相連基金已不提供作選擇。刊載於下列《萊斯基亞投資相連基金詳情》刊物(SK8239/INT12-0481/January 2013)頁數及附錄內的項目關於該等投資相連基金及其內容已相應刪除。

刊載於下列《萊斯基亞投資相連基金詳情》刊物頁數及附錄的項目內投資相連基金及其有關內容經已刪除。

投資相連基金名稱從《萊斯基亞投資相連基金詳情》刊物或其附錄刪除的有關內容頁

碼或項目編號

1. 萊斯基亞歐元貝萊德全球基金歐陸靈活股票基金

第5及第25頁

2. 萊斯基亞美元紐約銀行美倫歐洲大陸股票投資基金

第5、第29及第30頁

3. 萊斯基亞美元富達亞洲進取基金第5及第30頁

4. 萊斯基亞美元摩根高橋市場中立統計基金

附錄四（ADD04/2013）內項目2

5. 萊斯基亞美元 Martin Currie GF 環球資源基金

第6及第40頁

投資涉及風險。有關相關基金的詳情，如風險因素、收費及費用等，請參閱相關基金各自的發售章程。有關章程可向專業理財顧問或在我們的香

港辦事處索取。

Skandia International是隸屬Old Mutual Wealth的財富管理業務之一，是提供離岸及跨境投資方案的國際集團公司。 www.skandiainternationalhk.com 為供培訓用途及避免誤解，對話內容可能會被監聽或錄音。萊斯基亞香港辦事處：香港中環皇后大道中5 號衡怡大廈24 樓電話：+ 852 3552 5888 傳真： +852 3552 5889 電子郵箱：[email protected] 獲香港保險業監督授權經營長期業務。 Royal Skandia Life Assurance Limited於馬恩島註冊，註冊編號為24916C。註冊辦事處及總辦事處： Skandia House, King Edward Road, Onchan, Isle of Man, IM99 1NU, British Isles. 電話： +44 (0) 1624 655 555 傳真： +44 (0) 1624 611 715 獲馬恩島保險及公積金監管機構(Isle of Man Insurance & Pensions Authority)認可及監管。萊斯基亞是國際人壽保險公司協會(Association of International Life Offices)成員。 SK9331/INT13-0798/Feburary 2014

http://www.skandiainternationalhk.com/mailto:[email protected]

details of theRoyal Skandiainvestment-linked funds

This document was last reviewed in January 2013. Please con rm with your nancial adviser that this is the most up-to-date document for your product or servicing needs.

Important information• The relevant product is an investment-linked assurance scheme (‘ILAS policy’). It is a life assurance policy issued

by Royal Skandia Life Assurance Limited (‘Royal Skandia’). Your investments are subject to the credit risks of Royal Skandia.

• The contributions you pay towards your ILAS policy, and any investments made by Royal Skandia in the underlying funds you selected, will become and remain the assets of Royal Skandia. You do not have any rights or ownership over any of those assets. Your recourse is against Royal Skandia only.

• The contributions you pay, after deduction of any applicable fees and charges of your ILAS policy, will be invested by Royal Skandia in the underlying funds you selected. Your ILAS policy value will be calculated by Royal Skandia based on the performance of your selected underlying funds.

• Due to the various fees and charges levied by Royal Skandia on your ILAS policy, the return on your ILAS policy as a whole may be lower than the return of the underlying funds you selected.

• The investment-linked funds available under the relevant product can have very different features and risk profiles. Some may be of high risk.

Explanatory notesYou should be aware that the products offered by Royal Skandia are investment-linked life assurance policies and you will be investing in the life assurance policy. Royal Skandia offers a range of Royal Skandia investment-linked funds from which you can select as your investment choice, and these Royal Skandia investment-linked funds in turn invest into the relevant underlying investments.

Your policy will be allocated units in the Royal Skandia investment-linked funds chosen by you, and the value of your policy will be linked to the performance of the investment choice you select and hence your investments are subject to the performance of the underlying investments. However, as you are investing in a life assurance policy and not investing in the underlying investments, please note that those units are purely notional and you have no legal or bene cial interest in the Royal Skandia investment-linked funds or the underlying investments.

In line with the above, please note that any phrase “Royal Skandia investment-linked fund” utilised or referred to throughout this document merely represents an investment choice you can select, which will be used to calculate the value of your policy. It should not be construed to mean a fund generally structured as a unit trust or mutual fund as referred to in the usual context.

contents

premier provider of investment choices introduction 1

lump sum investment 1

re¯ular investment 1

Royal Skandia 1

breadth of investment opportunities 2

your investments 3

ran¯e of investment-linked funds 4

list of investment-linked funds – char¯es 4

fund mana¯ement ¯roups 7

investment-linked fund information currency details 13

speci c risk 13

other risk warnin¯s 13

unit prices 14

varyin¯ the unit price 14

deferrin¯ transactions 14

termination of a Royal Skandia investment-linked fund 14

the Royal Skandia investment proposition 15

the Royal Skandia MultiMana¯er investment choices 16

MultiMana¯er 17

¯lossary of investment terms 22

self select 23

further information 43

1

premier provider of investment choicesintroductionThis brochure explains the investment choices available to you through Royal Skandia's investment products. You should read it in conjunction with the relevant product brochure, as together these form part of the Principal Brochure.

You can invest in Royal Skandia's investment-linked funds through the following tax-ef cient products:

lump sum investment• Managed Capital Account

• Executive Wealthbuilder Account

re¯ular investment• Managed Capital Account

• Managed Pension Account

• Managed Savings Account

• Executive Wealthbuilder Account

Royal SkandiaRoyal Skandia is a company within Skandia International. Skandia International, part of the wealth management business of Old Mutual plc, is the international group of companies which provides offshore and cross-border investment solutions.

Originating in South Africa in 1845, the Old Mutual Group has a balanced portfolio of businesses offering asset management, life assurance, banking and general insurance services in 33 countries, primarily in South Africa, Europe, Latin America, Asia and North America. Old Mutual is listed on the London and Johannesburg Stock Exchanges, amongst others.

Being part of Old Mutual makes Skandia International a key division of one of the largest life assurers in Europe, with a strong nancial base. The Old Mutual Group has funds under management of £263.3 billion*, serving more than 12 million customers.

We recognise the importance of providing innovative, exible investment solutions and local support to our customers. Therefore, we opened our branch of ces in Hong Kong in 1991 and Singapore in 2008 as our Asia hubs. We have local, dedicated teams with a wealth of experience, local market knowledge and international exposure. You can be assured that you are investing with a company that truly understands the needs of international investors.

* As at 30 September 2012, source: Old Mutual

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By following our successful MultiManager approach to investment, you can bene t from the expertise of some of the world's nest fund managers.

Our products provide you with a range of investment-linked funds, offering exposure to a wide range of markets, managers and asset types.

Fund managers need to be selected and monitored to ensure they remain at the top of their game, and replaced when they do not.

With this in mind, we offer you a range of leading fund management groups carefully selected based on their expertise and performance.

You can also tailor your investment choices across asset types and geographical sectors.

breadth of investment opportunities

There are many other advantages of investing with Royal Skandia.

You can:

• bene t from any potential opportunities offered by stock market investment while avoiding the administrative burden of managing a directly held portfolio

• access award-winning investment management expertise and performance

• choose from a wide range of investment-linked funds, some of which may not normally be available to private investors

• switch your investment between the range as your investment objectives change

• access investments which bene t from tax-free growth, except for certain investment income which may be subject to a tax deduction in its country of origin. (Please seek professional advice regarding your own particular tax circumstances)

• reduce personal risk by spreading investments across a larger number of shares owned collectively by the investment-linked fund compared to direct investment

• bene t from reduced costs – share dealing on an individual basis can be costly

• monitor your investments by following the prices on our website www.skandiainternationalhk.com.

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Through investment in a Royal Skandia product, you can bene t from the knowledge and professionalism of a leading life assurance company, plus the investment expertise of top fund management groups.

You are investing into an investment-linked life assurance policy but not directly into the Royal Skandia investment-linked funds/assets nor the underlying investment.

You can select from the Royal Skandia investment-linked fund range for your policy. The value of bene ts payable in a policy is based on the performance of the Royal Skandia investment-linked funds, less any applicable charges.

The Royal Skandia investment-linked funds contained in this document are authorised for marketing in Hong Kong. The authorisation by the Securities and Futures Commission is not a recommendation or endorsement of the investment-linked fund nor does it guarantee its commercial merits or performance. It does not mean the investment-linked fund is suitable for all investors nor it is an endorsement of its suitability for any particular investor or class of investors.

your investments

Whatever investment-linked funds you choose to invest in, you should be aware that, as a Royal Skandia policyholder, you will not own units in the Royal Skandia investment-linked funds or in the underlying investments. You have no legal or bene cial interest in the Royal Skandia investment-linked funds or underlying investment.

Royal Skandia has established thorough monitoring procedures to ensure that the performance of the Royal Skandia investment-linked funds matches the performance of the relative underlying investments as closely as possible.

However, the performance of the Royal Skandia investment-linked funds will not entirely match that of the underlying investment because of Royal Skandia’s charges and Royal Skandia’s investment process.

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Royal Skandia offers a comprehensive range of investment-linked funds, designed to meet your speci c needs, all of which are available to Royal Skandia policyholders.

The table on pages 4 to 6 sets out the applied charges. These charges are re ected in the price of the units. For details of any other charges which apply to speci c Royal Skandia contracts, and which are taken by cancellation of units, please refer to the relevant product brochure.

For Royal Skandia investment-linked funds which are invested 100% into the underlying fund whose manager is referred to within the name, the external Annual Management Charge speci ed refers to the Annual Management Charge which is applied by the appropriate fund manager. This charge is re ected in the price of the investments which Royal Skandia purchase.

ran¯e of investment-linked funds

For other Royal Skandia investment-linked funds which may be invested in a range of investments including underlying funds, the external Annual Management Charge speci ed refers to the typical charge which could be applied by the appropriate fund managers whose investments Royal Skandia purchase. The actual fee may change on a daily basis depending on where the underlying investments are invested.

The table also lists the Annual Management Charge deducted by Royal Skandia, which is also re ected within the pricing.

For details of the underlying funds including their fees and charges, please refer to the respective offering documents of the underlying funds.

Past performance is not necessarily a guide to future performance, and the value of investment-linked insurance policy is not guaranteed as the prices of units may fall as well as rise. Where an investment-linked fund holds investments in another currency, or where the denomination of the product is different to the underlying investment, there may be additional risks because of exchange rate uctuations.

Investment involves risks. You should always seek the advice of your professional adviser before making investment decisions.

Depending on the nature of any changes, Royal Skandia will use best endeavours to give you advance notice of between one and three months, or shorter as agreed by the relevant regulator.

list of investment-linked funds – char¯es

Royal Skandia Investment-linked Fund Name Sector

External AnnualManagement Charges

Royal SkandiaAnnualManagementCharge

MultiManager

RS USD Aggressive Flexible Managed up to 2.50% 1%

RS USD Balanced Balanced Managed up to 2.50% 1%

RS USD Cautious Cautious Managed up to 2.50% 1%

RS GBP Deposit Money 0.00% 1%

RS HKD Deposit Money 0.00% 1%

RS USD Deposit Money 0.00% 1%

RS USD Diversifi ed Managed Flexible Managed up to 2.50% 1%

RS USD Global Fixed Interest Blend Global Fixed Interest up to 2.50% 1%

RS USD Global Real Estate Securities Property up to 2.50% 1%

RS SEK Swedish Equity Europe Excluding UK up to 2.50% 1%

RS GBP UK Index Tracker UK All Companies up to 2.50% 1%

RS GBP US Index Tracker North America up to 2.50% 1%

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self select

RS USD Aberdeen Global Chinese Equity Asia Pacifi c Excluding Japan 1.75% 1%

RS USD Aberdeen Global Emerging Markets Equity Global Emerging Markets 1.75% 1%

RS USD Aberdeen Global Technology Specialist 1.75% 1%

RS USD AXA World Funds Framlington Health Global Equities 1.75% 1%

RS USD Baring China Select Asia Pacifi c Excluding Japan 1.50% 1%

RS USD Baring Eastern Europe Global Emerging Markets 1.50% 1%

RS GBP Baring Europe Select Trust Europe Including UK 1.50% 1%

RS USD Baring Global Aggregate Bond Global Fixed Interest 0.75% 1%

RS GBP Baring Global Emerging Markets Global Emerging Markets 1.50% 1%

RS USD Baring Global Emerging Markets Global Emerging Markets 1.50% 1%

RS USD Baring Global Resources Commodity and Energy 1.50% 1%

RS USD Baring Global Select Global Equities 1.50% 1%

RS USD Baring High Yield Bond Global Fixed Interest 1.00% 1%

RS USD Baring Hong Kong China Asia Pacifi c Excluding Japan 1.25% 1%

RS GBP Baring Korea Trust Asia Pacifi c Excluding Japan 1.50% 1%

RS USD BlackRock GF China Asia Pacifi c Excluding Japan 1.50% 1%

RS EUR BlackRock GF Continental European Flexible Europe Excluding UK 1.50% 1%

RS USD BlackRock GF Global Allocation Specialist 1.50% 1%

RS USD BlackRock GF Global Equity Global Equities 1.50% 1%

RS USD BlackRock GF India Asia Pacifi c Excluding Japan 1.50% 1%

RS USD BlackRock GF Latin American Global Emerging Markets 1.75% 1%

RS USD BlackRock GF New Energy Commodity and Energy 1.75% 1%

RS GBP BlackRock GF United Kingdom UK All Companies 1.50% 1%

RS USD BlackRock GF US Flexible Equity North America 1.50% 1%

RS USD BlackRock GF World Bond Global Fixed Interest 0.85% 1%

RS USD BlackRock GF World Energy Commodity and Energy 1.75% 1%

RS USD BlackRock GF World Gold Commodity and Energy 1.75% 1%

RS USD BlackRock GF World Healthscience Global Equities 1.50% 1%

RS USD BlackRock GF World Mining Commodity and Energy 1.75% 1%

RS USD BNP Paribas L1 Bond Best Selection World Emerging Global Fixed Interest 1.50% 1%

RS EUR BNP Paribas L1 Equity Russia Global Emerging Markets 1.75% 1%

RS USD BNP Paribas L1 Equity World Emerging Global Emerging Markets 1.75% 1%

RS EUR BNP Paribas L1 Equity World Materials Global Equities 1.50% 1%

RS EUR BNP Paribas L1 Equity World Utilities Commodity and Energy 1.50% 1%

RS USD BNY Mellon Asian Equity Asia Pacifi c Excluding Japan 2.00% 1%

RS USD BNY Mellon Continental European Equity Europe Excluding UK 2.00% 1%

RS USD BNY Mellon Global Bond Global Fixed Interest 1.00% 1%

RS USD Eastspring Investments Asian Bond Global Fixed Interest 1.25% 1%

RS USD Eastspring Investments Asian Infrastructure Equity Asia Pacifi c Excluding Japan 1.50% 1%

RS USD Fidelity Asian Aggressive Asia Pacifi c Excluding Japan 1.50% 1%

RS USD Fidelity China Focus Asia Pacifi c Excluding Japan 1.50% 1%

RS GBP Fidelity Emerging Europe, Middle East and Africa Global Emerging Markets 1.50% 1%

RS GBP Fidelity Global Financial Services Global Equities 1.50% 1%

RS GBP Fidelity Global Health Care Global Equities 1.50% 1%

RS GBP Fidelity Global Industrials Global Equities 1.50% 1%

RS GBP Fidelity India Focus Global Emerging Markets 1.50% 1%

RS USD Fidelity Latin America Global Emerging Markets 1.50% 1%

RS GBP Fidelity Sterling Bond UK Fixed Interest 0.75% 1%

RS USD Franklin India Asia Pacifi c Excluding Japan 1.50% 1%

RS USD Franklin MENA Global Emerging Markets 2.00% 1%

RS USD Franklin Mutual Beacon North America 1.50% 1%

RS USD Franklin US Equity North America 1.50% 1%

RS USD Franklin US Government Global Fixed Interest 0.95% 1%

RS USD Franklin US Opportunities North America 1.50% 1%

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RS GBP GAM Star Continental European Equity Europe Excluding UK 1.50% 1%

RS USD GAM Star US All Cap Equity North America 1.60% 1%

RS USD HSBC GIF Brazil Equity Global Emerging Markets 1.75% 1%

RS USD HSBC GIF BRIC Markets Equity Global Emerging Markets 1.50% 1%

RS USD HSBC GIF Chinese Equity Asia Pacifi c Excluding Japan 1.50% 1%

RS USD HSBC GIF Climate Change Global Equities 1.50% 1%

RS EUR HSBC GIF Euroland Equity Europe Excluding UK 1.50% 1%

RS USD HSBC GIF Global Emerging Markets Equity Global Emerging Markets 1.50% 1%

RS USD HSBC GIF Hong Kong Equity Asia Pacifi c Excluding Japan 1.00% 1%

RS USD HSBC GIF Indian Equity Global Emerging Markets 1.50% 1%

RS USD HSBC GIF Korean Equity Asia Pacifi c Excluding Japan 1.50% 1%

RS USD HSBC GIF Russia Equity Global Emerging Markets 1.75% 1%

RS USD HSBC GIF Singapore Equity Asia Pacifi c Excluding Japan 1.00% 1%

RS USD HSBC GIF Thai Equity Asia Pacifi c Excluding Japan 1.50% 1%

RS GBP HSBC GIF UK Equity UK All Companies 1.50% 1%

RS USD INVESCO ASEAN Equity Asia Pacifi c Excluding Japan 1.00% 1%

RS USD INVESCO Asia Balanced Specialist 1.25% 1%

RS USD INVESCO Asia Opportunities Equity Asia Pacifi c Excluding Japan 1.00% 1%

RS USD INVESCO Asian Equity Asia Pacifi c Excluding Japan 1.50% 1%

RS USD INVESCO Bond Global Fixed Interest 0.50% 1%

RS USD INVESCO Emerging Markets Equity Global Emerging Markets 1.50% 1%

RS USD INVESCO Global Healthcare Specialist 1.50% 1%

RS USD Investec GS Continental European Equity Europe Excluding UK 1.50% 1%

RS USD Investec GS Global Dynamic Global Equities 1.00% 1%

RS USD Investec GS Global Energy Commodity and Energy 1.50% 1%

RS USD Investec GS Global Gold Commodity and Energy 1.50% 1%

RS USD Investec GS Global Natural Resources Commodity and Energy 1.50% 1%

RS USD Investec GS Global Strategic Equity Global Equities 1.50% 1%

RS USD JPMorgan ASEAN Asia Pacifi c Excluding Japan 1.50% 1%

RS USD JPMorgan Australia Asia Pacifi c Excluding Japan 1.50% 1%

RS USD JPMorgan Eastern Smaller Companies Asia Pacifi c Excluding Japan 1.50% 1%

RS USD JPMorgan Greater China Asia Pacifi c Excluding Japan 1.50% 1%

RS USD JPMorgan Hong Kong Asia Pacifi c Excluding Japan 1.50% 1%

RS USD JPMorgan Korea Asia Pacifi c Excluding Japan 1.50% 1%

RS USD JPMorgan Pacifi c Securities Asia Pacifi c Including Japan 1.50% 1%

RS USD JPMorgan Taiwan Asia Pacifi c Excluding Japan 1.50% 1%

RS USD JPMorgan Thailand Asia Pacifi c Excluding Japan 1.50% 1%

RS USD JPM America Equity North America 1.50% 1%

RS USD Martin Currie GF Global Resources Commodity & Energy 1.50% 1%

RS USD Parvest Equity Brazil Global Emerging Markets 1.75% 1%

RS USD Pictet Timber Specialist 1.60% 1%

RS USD Pictet Water Commodity & Energy 1.60% 1%

RS USD Schroder Global Corporate Bond Global Fixed Interest 0.75% 1%

RS USD Templeton Asian Growth Asia Pacifi c Excluding Japan 1.85% 1%

RS USD Templeton BRIC Global Emerging Markets 2.10% 1%

RS USD Templeton Emerging Markets Global Emerging Markets 2.10% 1%

RS USD Templeton Emerging Markets Smaller Companies Global Emerging Markets 2.10% 1%

RS USD Templeton Global Global Equities 1.50% 1%

RS USD Templeton Global Bond Global Fixed Interest 1.05% 1%

RS GBP Threadneedle American North America 1.50% 1%

RS GBP Threadneedle Dollar Bond Global Fixed Interest 1.00% 1%

RS GBP Threadneedle Latin America Global Emerging Markets 1.50% 1%

RS GBP Threadneedle Strategic Bond UK Fixed Interest 1.25% 1%

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Aberdeen AssetMana¯ementEstablished – 1983First linked to Royal Skandia – 2000

Aberdeen Asset Management is a global investment management group, managing assets for both institutional and retail clients.

Their clients access their investment expertise in equities, xed income, property and alternatives solutions. They invest worldwide and follow a predominantly long-only approach, based on fundamentally sound investments. Their mission is to deliver strong fund performance across diverse asset classes in whi

First addendum to the ‘details of the Royal Skandia investment-linked funds’...

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