NOTICE to the unitholders of ICICI Pru Fusion Fund, ICICI Pru Equity Opp Fund, ICICI Pru Fusion Fund - Series 3 & ICICI Pru Dynamic Plan

NOTICE is hereby given to all the unitholders of ICICI Prudential Fusion Fund (Fusion), ICICI Prudential Equity

Opportunities Fund (Equity Opportunities) and ICICI Prudential Fusion Fund - Series III (Fusion III) [collectively

referred as merging schemes] that the Trustee of ICICI Prudential Mutual Fund (the Fund) have, in terms of the

enabling provisions of SEBI (Mutual Funds) Regulations, 1996, approved merger of Fusion, Equity Opportunities

and Fusion III with ICICI Prudential Dynamic Plan (Dynamic/surviving scheme) with effect from May 13, 2011.

Investors are requested to note that post merger the features of ICICI Prudential Dynamic shall be as follows:

Type of the scheme: An Open-ended equity fund

Investment objective: ICICI Prudential Dynamic Plan is an open-ended equity scheme seeking to generate capital appreciation by actively investing in equity and equity related

securities. For defensive considerations, the Scheme may invest in debt, money market instruments and derivatives. The investment manager will have the discretion to take aggressive asset calls i.e. by staying 100% invested in equity market/equity related instruments at a given point of time and 0% at another, in which case, the fund may be invested in debt related instruments at its discretion. The AMC may choose to churn the portfolio of the Scheme in order to achieve the investment objective. The Scheme is suitable for investors seeking high

returns and for those who are willing to take commensurate risks. Given the dynamic nature of the investment objective of this scheme and factors such as market volatility and macroeconomic factors, which may at times be unpredictable, there is no assurance that the investment objectives of the Scheme will be met.

Options under the Scheme: Presently, there are three options available under the Scheme viz. Growth Option, Dividend Option and Institutional Option I. Institutional option will be introduced w.e.f May 13, 2011. The Institutional Option will have only Growth sub-option. The maximum expense that can be charged under the institutional option will be upto 2.50% of weekly net assets as per applicable regulations. Dividend Option has dividend payout and dividend reinvestment facilities. Institutional Option I has only Growth sub-option.

Growth Option will be the default option. Dividend reinvestment facility shall be the default facility under the Dividend option.

Minimum Application Amount: Growth and Dividend option: Rs. 5,000/- (plus in multiples of Re. 1/- thereafter) Institutional Option I: Rs. 10,000,000/- (plus in multiples of Re.1/- thereafter). Institutional Option: Rs. 10,000,000/- (plus in multiples of Re.1/- thereafter).

Minimum Additional Application Amount: Growth and Dividend Option: Rs. 500/- (plus in multiples of Re. 1/- thereafter) Institutional Option I: Rs. 10,000/- (plus in multiples of Re.1/- thereafter). Institutional Option: Rs. 10,000/- (plus in multiples of Re.1/- thereafter).

Disclosure of NAV: The NAV will be calculated and disclosed at the close of every Business Day.

Liquidity: Being an open-ended Scheme, Units may be redeemed on every Business Day at NAV based prices subject to the prevailing exit load structure.

Expenses Ratio: Recurring expenses upto 2.50% under all options.

Entry Load: Not Applicable.

Exit Load: a) if the amount sought to be redeemed or switched out is invested for period upto 1 year - 1% of the applicable NAV, b) if the amount sought to be redeemed or switched out is invested for a period

of more than 1 year - Nil.

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.