BACIT Limited (the "Company")                         
     (a closed-ended collective investment company incorporated under the laws of  
                        Guernsey with registered number 55514)                     

                            Disclosure of home member state                        

                                    18 January 2015                                

    The Company announces that the UK is its home state as required by DTR 6.4.2. 

    Company website:        www.bacitltd.com

    Enquiries:
    Northern Trust International Fund Administration Services (Guernsey) Limited
    Email:  rb235@ntrs.com
    Tel:       +44 (0) 1481 745189