DATE: August 25th 2015

Due to the stablization of economic conditions in Greece, Euro Pacific Bank has adjusted margin rates on the specified instruments below.

Margins will be reviewed periodically as developments in market conditions unfold.

CFD INDEX

Instrument	Current Margin	New Margin	Change
AUS200.I	4%	2%	-2%
DJI.I	4%	2%	-2%
NAS100.I	4%	2%	-2%
SP500.I	4%	2%	-2%
DAX.I	5%	3%	-2%
FTSE100.I	4%	2%	-2%
AEX.I	5%	3%	-2%
CAC40.I	5%	3%	-2%
JP225.I	3%	5%	-2%
SMI.I	5%	4%	-1%

FX

Instrument	Current Margin	New Margin	Change
EUR	4%	3%	-1%
GBP	3%	2%	-1%
USD	3%	2%	-1%
CHF	8%	5%	-3%

For any questions about these changes please contact the Bank by phone, or email, or contact your banker.