BankInvest Pension Europaeiske Aktier (the Fund) is a Denmark-based investment fund. It is engaged in making specialty investments in companies listed on the European stock exchanges. As of December 31, 2011, most of the Fund�s investments were located in the United Kingdom (24%), Switzerland (19%), France (15%), Germany (10%) and the United States (6%), among others, and it primarily invested in such sectors, as durable consumer goods (19%), finance (16%), healthcare (14%), industry (11%) and energy (11%), among others. As of June 13, 2012, the Fund�s investment portfolio comprised the shares of Roche Holdings (5.07%), Royal Dutch Shell (4.82%), Philip Morris International Inc (4.74%), Nestle SA (4.34%) and Novartis AG (3.52%), among others. BankInvest Pension Europaeiske Aktier is a division of Investeringsforeningen BankInvest, an investor association based in Denmark.