Request for Service Proposal announcement 06.12.2016

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) announces Request for Service Proposal (RFP) for passive equity management in accordance with Chapter 5 of the Law of the Republic of Azerbaijan "On Public Procurements". The benchmark for the proposed equity portfolio is the MSCI World Index.

Investment management firms (“managers”) have to meet the following requirements:

- Having at least $40 billion under the passive equity management as of September 30, 2016;

- Being a registered investment advisor under the US Investment Advisers Act of 1940, or the regulations of the other state in which the manager operates;

- Having at the minimum, a three-year track record managing the proposed product for the period ending September 30, 2016;

- Having a composite performance record should exhibit an annualized tracking error of less than 0.3% against the MSCI World Index over the trailing three-year period;

- Being designated to sign a procurement agreement;

- Possession of free and unlimited disposal right over its property, also payment ability;

- Not being declared bankrupt, its property shouldn’t have been seized, not having any collateral charged and being a legal entity whose activities haven’t been suspended by a court decision;

- Not having any overdue liabilities on taxes or other compulsory payments due to the Republic of Azerbaijan;

- During the last 5 years firm’s professional activity shouldn’t have been suspended by a court decision due to the conviction of falsely stating the professional activity of the firm, its counterparties, employees or its qualification indicators with the purpose of signing a procurement agreement.

To obtain RFP documentation, managers may address below contact persons:

Farhad Zeynalov

Tel: +994 (12) 498 77 53 (ext. 1626)

Leyli Jabbarli

Tel: +994 (12) 498 77 53 (ext. 1622)

Fax: +994 (12) 565 87 55

E-mail:equityrfp@oilfund.az

The proposals have to be sent to the following address not later than 18:00 local time, January 11, 2017:

165 Heydar Aliyev Avenue, Baku, Republic of Azerbaijan, AZ1029