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Fees applicable to pension savings in SEB Pensija second-pillar pension funds

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Fee SEB Target Group Pension Fund SEB Asset Retention Fund  
Asset management fee* Before 2021 0.65% of the average annual value of pension savings in the account 0,2% of the average annual value of pension savings in the account
From 2021 0.5% of the average annual value of pension savings in the account 0,2% of the average annual value of pension savings in the account  
Company change fee** Up to 0.05% of transferred savings Up to 0.05% of transferred savings

* Asset management fee - The asset management fee is deducted on every working day. Please note that investment returns of pension funds are published net of the management fee.

** Company change fee - The company change fee constitutes the costs deducted from member's savings transferred to another company and related to the closure of member's account and transfer of savings. This fee may not exceed 0.05% of savings transferred on behalf of the member.

Information about the fees charged by other pension savings companies is provided on the following page of the website of the Bank of Lithuania.

The pension savings company does not guarantee the profitability of pension funds. Past performance is not indicative of future results. Investments may both rise and fall in value. You may gain less than originally invested. The state social insurance old-age pension for members of the second pillar of the pension system who conclude pension savings agreements is reduced proportionally according to the procedure laid down in the Law on State Social Insurance Pensions.

Please note that the concluded second-pillar pension savings agreement cannot be terminated, except where a member is entitled to unilaterally terminate the agreement concluded for the first time within 30 calendar days of its conclusion notifying the pension company thereof in writing.