The net assets of the Henderson Horizon Fund - Industries of the Future Fund (the “Fund”) have fallen to EUR 2.79 million (US$ 3.85 million) at 31 October 2011. This is below the threshold of US$ 25 million at which the Board of Directors of the Company (the “Directors”) are empowered to liquidate the Fund pursuant to Article 28 of the Articles of Incorporation of the Company. After careful consideration, the Directors have concluded that it is no longer economically viable for the Fund to operate and accordingly they resolved that the Fund will be liquidated. The effective date for the liquidation of the Fund is 31 January 2012 (the “Effective Date”).

The Company currently operates base currency share classes and dealing currencies for each of its Sub-Funds. These dealing currencies are not separate share classes but provide a means to invest in a Sub-Fund in a different currency to the base currency. One of the consequences of this is that the dealing currencies do not have their own unique fund identifiers. From 31 October 2011, the current dealing currencies will no longer be available. The shares currently held in the different dealing currencies will be reclassified as unhedged share classes, separate from the base currency classes. There will be no changes to the base currency share classes.

The Henderson UK Absolute Return Fund forms part of a strategy which will apply an initial charge of 5% on any new investments from 30th November 2011. No concessionary financial terms are available for new investments into this fund from this date.

The Henderson Gartmore United Kingdom Absolute Return Fund forms part of a strategy which will apply an initial charge of 5% on any new investments from 30th November 2011. No concessionary financial terms are available for new investments into this fund from this date.