final hk cover letter eng 05736140 20090908

Allianz Global Investors Hong Kong Limited 21st Floor, Cheung Kong Center 2 Queen’s Road Central, Hong Kong Phone : +852 2238 8000 Fax : +852 2877 2566 www.allianzglobalinvestors.com.hk

9 September 2009 Dear Investor PIMCO Funds: Global Investors Series plc (the “Company”)

- CommoditiesPLUS TM Strategy Fund - Developing Local Markets Fund

- Diversified Income Fund - Emerging Local Bond Fund - Emerging Markets Bond Fund - EuriborPLUS Fund - Euro Bond Fund - Global Bond Fund - Global High Yield Bond Fund - Global Investment Grade Credit Fund - Global Real Return Fund - High Yield Bond Fund - Low Average Duration Fund - StocksPLUS TM Fund - Total Return Bond Fund (each a “Fund” and collectively the “Funds ”)

Please find attached a notice to shareholders of the Company in relation to the consolidation of Class E and Class H Retail of the Funds. Please note that the other funds referred to in the attached supplement but which are not included in the list of Funds above are currently not authorized for sale to the public in Hong Kong and are not available to Hong Kong investors. The Hong Kong Country Supplement to the Prospectus will be updated to reflect the consolidation of Class E and Class H Retail. If you wish to obtain a copy of the updated offering documents of the Company, which will be available on or about 31 October 2009, please feel free to contact us directly at our office or the intermediary through which you usually deal with your investment in the Company. If you have any questions about this letter and the attached notice, please consult your financial advisor or contact us at (852) 2238 8000. Allianz Global Investors Hong Kong Limited Hong Kong Representative

Allianz Global Investors Hong Kong Limited

CM\SUGO\ .. \05708070.doc Directors: William R. Benz (U.S.), David M. Kennedy, Michael J. Meagher, Joseph V. McDevitt (U.S. and U.K.), Craig A. Dawson (U.S.). Registered in Ireland: Company Registration Number 276928; Registered Office as above. PIMCO Funds: Global Investors Series plc is an umbrella type investment company with variable capital and segregated liability between sub-funds.

PIMCO Funds: Global Investors Series plc Styne House Upper Hatch Street Dublin 2 Ireland IMPORTANT : This document requires your immediate attention. If you have any questions about the content of this document, you should seek independent professional advice. All terms used in this document have the same meanings as in the Prospectus. 4 September 2009 To: Holders of Class H Retail shares of PIMCO Funds: Global Investors Series plc (“GIS”) Re: Conversion of shares to Class E shares Dear Shareholder: We are writing to inform you of an important change to your investment in GIS. In October 2008, GIS issued a supplement to the prospectus amending the dealing deadline for Class H Retail shares such that it is the same as for other share classes of the company. Effectively, this means that Class H Retail shares have substantially the same characteristics as E Classes, the Company’s other share class aimed at retail investors. Given the similarity of the share classes, and in order to maximise the benefits for investors of enhanced economies of scale, the Directors of GIS have decided to consolidate the holdings of Class H Retail shares with the equivalent Class E share. There will be no change to the fees or dealing arrangements as a result of this transfer. At close of business on 30 October 2009, your holding in Class H Retail shares will be exchanged for the equivalent value of Class E shares in the same fund. Class H Retail shares will henceforth cease to exist. A confirmation of the number of Class E shares allotted will be issued the following day. A copy of the supplement to the prospectus issued in respect of the transaction is enclosed. If you have any further questions, please contact your appointed PIMCO account manager or financial intermediary. Thank you for your continued support of PIMCO funds. Yours faithfully,

Signed by Joseph V. McDevitt For and on behalf of PIMCO Funds: Global Investors Series plc

PI

MC

O F

UN

DS:

Glo

bal I

nves

tors

Ser

ies p

lc

An

umbr

ella

type

ope

n-en

ded

inve

stm

ent c

ompa

ny w

ith v

aria

ble

capi

tal a

nd w

ith s

egre

gate

d lia

bilit

y be

twee

n Fu

nds

inco

rpor

ated

w

ith li

mite

d lia

bilit

y un

der t

he la

ws

of Ir

elan

d w

ith re

gist

ered

num

ber 2

7692

8.

SUPP

LE

ME

NT

TO

TH

E P

RO

SPE

CT

US

3 Se

ptem

ber,

2009

Thi

s su

pple

men

t is

sup

plem

enta

l to,

for

ms

part

of

and

shou

ld b

e re

ad in

con

junc

tion

with

and

in

the

cont

ext

of t

he p

rosp

ectu

s fo

r PI

MC

O F

unds

: G

loba

l In

vest

ors

Seri

es p

lc (

the

“Com

pany

”)

date

d 11

Jun

e, 2

007

(the

“Pr

ospe

ctus

”) a

s am

ende

d fr

om ti

me

to ti

me.

The

Dire

ctor

s of t

he C

ompa

ny w

ish

to in

form

the

Shar

ehol

ders

and

pro

spec

tive

inve

stor

s in

the

Com

pany

of

the

fol

low

ing

amen

dmen

ts a

ffec

ting

the

Com

pany

’s P

rosp

ectu

s w

ith e

ffec

t fr

om t

hat

date

of

this

Su

pple

men

t.

Cap

italis

ed te

rms u

sed

here

in sh

all h

ave

the

mea

ning

s attr

ibut

ed to

them

in th

e Pr

ospe

ctus

.

1.

Com

puls

ory

Exc

hang

e of

Sha

res

With

eff

ect f

rom

the

30 O

ctob

er, 2

009

(the

“Eff

ectiv

e D

ate”

) th

e D

irect

ors

have

dec

ided

to a

men

d th

e Pr

ospe

ctus

to re

flect

a p

ower

aff

orde

d to

them

und

er th

e A

rticl

es o

f Ass

ocia

tion

whi

ch w

ill a

llow

for t

he

Com

pany

to c

ompu

lsor

ily e

xcha

nge

Shar

es o

f on

e cl

ass

in a

Fun

d fo

r Sh

ares

of

any

clas

s of

the

sam

e Fu

nd w

ithou

t the

impo

sitio

n of

any

add

ition

al c

harg

e to

Sha

reho

lder

s of

the

rele

vant

Fun

d. A

ccor

ding

ly,

the

follo

win

g ch

ange

s sha

ll be

mad

e to

the

Pros

pect

us:

In th

e se

ctio

n he

aded

“H

OW

TO

EX

CH

AN

GE

SH

AR

ES”

the

follo

win

g pa

ragr

aph

will

be

adde

d af

ter

the

seco

nd la

st p

arag

raph

:-

“The

Com

pany

may

com

puls

orily

exc

hang

e al

l or

any

Sha

res

of o

ne c

lass

in

a Fu

nd (

the

“Orig

inal

Sha

re C

lass

”) f

or P

artic

ipat

ing

Shar

es o

f an

y cl

ass

of t

he s

ame

Fund

(th

e “S

elec

ted

Shar

e C

lass

”) b

y no

t les

s th

an fo

ur w

eeks

' not

ice

expi

ring

on a

Dea

ling

Day

to h

olde

rs o

f Sha

res

in t

he O

rigin

al S

hare

Cla

ss.

No

com

puls

ory

exch

ange

will

be

mad

e if

it w

ould

res

ult

in t

he

Shar

ehol

der h

oldi

ng a

num

ber o

f Sha

res

of e

ither

the

Orig

inal

Sha

re C

lass

or t

he S

elec

ted

Shar

e C

lass

of a

val

ue w

hich

is le

ss th

an th

e M

inim

um H

oldi

ng fo

r the

rele

vant

Fun

d an

d C

lass

. No

fee

is c

harg

ed f

or c

ompu

lsor

y ex

chan

ges

of a

ny S

hare

s of

one

cla

ss i

n a

Fund

and

a c

ompu

lsor

y ex

chan

ge w

ill n

ot b

e ef

fect

ed if

it re

sults

in a

n in

crea

se o

f fee

s to

Sha

reho

lder

s. Th

e C

ompa

ny o

r its

del

egat

e sh

all

dete

rmin

e th

e nu

mbe

r of

Sha

res

of t

he S

elec

ted

Shar

e C

lass

to

be i

ssue

d on

ex

chan

ge in

acc

orda

nce

with

the

form

ula

as o

utlin

ed a

bove

.”

2.

Rev

ised

Sha

re C

lass

Off

erin

g

With

eff

ect

from

the

Eff

ectiv

e D

ate

the

Dire

ctor

s ha

ve d

ecid

ed t

o in

voke

the

pow

er a

ffor

ded

to t

hem

un

der

the

Arti

cles

of

Ass

ocia

tion

and

com

puls

orily

exc

hang

e al

l Sh

ares

of

the

Cla

ss H

Ret

ail

in e

ach

Fund

for S

hare

s of t

he E

Cla

sses

in th

e sa

me

Fund

. Sim

ulta

neou

sly,

the

Cla

ss H

Ret

ail w

ill b

e te

rmin

ated

. A

ccor

ding

ly, t

he fo

llow

ing

chan

ges w

ill b

e m

ade

to th

e Pr

ospe

ctus

with

eff

ect f

rom

the

Effe

ctiv

e D

ate:

All

refe

renc

e to

Cla

ss H

Ret

ail w

ill b

e de

lete

d fr

om th

e Pr

ospe

ctus

.

The

tabl

e of

sha

re c

lass

es c

onta

ined

on

page

4 o

f th

e Pr

ospe

ctus

is h

ereb

y am

ende

d by

del

etin

g it

in it

s en

tiret

y an

d re

plac

ing

it w

ith th

e fo

llow

ing:

“T

his P

rosp

ectu

s con

stitu

tes a

n of

ferin

g of

the

follo

win

g sh

are

clas

ses:

In

stitu

tiona

l Cla

sses

In

vest

or C

lass

es

E C

lass

es

Inst

itutio

nal

Inst

itutio

nal C

AD

(Hed

ged)

In

stitu

tiona

l CH

F (H

edge

d)

Inst

itutio

nal C

HF

(Unh

edge

d)5

Inst

itutio

nal E

UR

(Hed

ged)

In

stitu

tiona

l EU

R (U

nhed

ged)

In

stitu

tiona

l GB

P (H

edge

d)

Inst

itutio

nal G

BP

(Unh

edge

d)

Inst

itutio

nal N

OK

(Hed

ged)

In

stitu

tiona

l NZD

(Hed

ged)

In

stitu

tiona

l SEK

(Hed

ged)

In

stitu

tiona

l SG

D (H

edge

d)

Inst

itutio

nal U

SD (U

nhed

ged)

1 In

stitu

tiona

l USD

(Hed

ged)

3

Inve

stor

In

vest

or C

HF

(Hed

ged)

In

vest

or E

UR

(Hed

ged)

In

vest

or G

BP

(Hed

ged)

In

vest

or N

OK

(Hed

ged)

In

vest

or U

SD (U

nhed

ged)

1 In

vest

or U

SD (H

edge

d)2

Cla

ss E

C

lass

E C

HF

(Hed

ged)

C

lass

E E

UR

(Hed

ged)

C

lass

E E

UR

(Unh

edge

d)4

Cla

ss E

GB

P (H

edge

d)

Cla

ss E

HK

D (H

edge

d)

Cla

ss E

SG

D (H

edge

d)

Cla

ss E

USD

(Unh

edge

d)1

Cla

ss E

USD

(Hed

ged)

2

Adm

inis

trat

ive

Cla

sses

H

Cla

sses

Z

Cla

sses

A

dmin

istra

tive

Adm

inis

trativ

e C

HF

(Hed

ged)

A

dmin

istra

tive

EUR

(Hed

ged)

A

dmin

istra

tive

GB

P (H

edge

d)

Adm

inis

trativ

e U

SD (U

nhed

ged)

1 A

dmin

istra

tiveU

SD (H

edge

d)2

Cla

ss H

Inst

itutio

nal

Cla

ss H

Inst

itutio

nal E

UR

(H

edge

d)

Cla

ss H

Inst

itutio

nal U

SD

(Unh

edge

d)1

Cla

ss H

Inst

itutio

nal U

SD

(Hed

ged)

2

Z C

lass

Z

Cla

ss E

UR

(Hed

ged)

Z

Cla

ss G

BP

(Hed

ged)

1 A

vaila

ble

for G

loba

l Bon

d Fu

nd o

nly.

2 P

revi

ousl

y av

aila

ble

for

the

All

Ass

et F

und

only

. Th

e A

ll A

sset

Fun

d ha

s be

en t

erm

inat

ed w

ith n

o re

mai

ning

inve

stor

s and

no

furth

er su

bscr

iptio

ns b

eing

acc

epte

d in

that

Fun

d.

3 UK

Ste

rling

Low

Ave

rage

Dur

atio

n Fu

nd o

nly.

Pre

viou

sly

avai

labl

e fo

r the

All

Ass

et F

und.

4 A

vaila

ble

for D

evel

opin

g Lo

cal M

arke

ts F

und

and

Emer

ging

Loc

al B

ond

Fund

onl

y.

5 Ava

ilabl

e fo

r Glo

bal R

eal R

etur

n Fu

nd o

nly.

In

the

sec

tion

head

ed “

KE

Y I

NFO

RM

AT

ION

RE

GA

RD

ING

SH

AR

E T

RA

NSA

CT

ION

S”,

the

sum

mar

y ta

bles

will

be

dele

ted

in th

eir e

ntire

ty a

nd re

plac

ed w

ith th

e fo

llow

ing:

-

“The

fol

low

ing

outli

nes

sum

mar

y in

form

atio

n re

latin

g to

the

purc

hase

and

sal

e of

sha

res

of th

e C

ompa

ny. P

leas

e re

fer

to o

ther

sec

tions

of

this

Pro

spec

tus

for

addi

tiona

l det

ail r

elat

ing

to th

ese

polic

ies.

In

stitu

tiona

l C

lass

es

Inve

stor

C

lass

es

Adm

inis

trativ

e C

lass

es

Cla

ss H

In

stitu

tiona

l E

Cla

sses

Z

Cla

sses

Dea

ling

Day

s D

aily

D

aily

D

aily

D

aily

D

aily

D

aily

D

ealin

g D

eadl

ine

4.00

p.m

.

Irish

Tim

e

4.00

p.m

.

Irish

Tim

e

4.00

p.m

.

Irish

Tim

e

4.00

p.m

. Iri

sh T

ime6

4.00

p.m

. Iri

sh T

ime6

4.00

p.m

.

Irish

Tim

e

Exch

ange

C

harg

e N

one

Non

e N

one

1%1

1%1

Non

e

Min

imum

In

itial

S

ubsc

riptio

n2

USD

10 m

illion

U

SD5

mill

ion

USD

5

milli

on

USD

5

milli

on

US

D5,

0003

U

SD50

m

illion

Min

imum

H

oldi

ng2

USD

500,

0004

USD

500,

000

USD

500,

000

USD

500,

000

USD

5,00

03

USD

20

milli

on

Prel

imin

ary

Cha

rge5

Max

. 5%

M

ax. 5

%

Max

. 5%

M

ax. 5

%

Max

. 5%

M

ax. 5

%

Red

empt

ion

Cha

rge

Non

e N

one

Non

e N

one

Non

e N

one

Valu

atio

n P

oint

9.

00 p

.m. I

rish

Tim

e 9.

00 p

.m.

Irish

Tim

e 9.

00 p

.m.

Irish

Tim

e 9.

00 p

.m. I

rish

Tim

e 9.

00 p

.m.

Irish

Tim

e 9.

00 p

.m.

Irish

Tim

e

1 An

Exc

hang

e C

harg

e w

ill b

e im

pose

d w

hich

may

not

exc

eed

1% o

f th

e su

bscr

iptio

n pr

ice

for

the

tota

l nu

mbe

r of

Sha

res

in t

he F

und

rece

ivin

g th

e ex

chan

ge.

Plea

se r

efer

to

“How

to

Exc

hang

e S

hare

s” f

or

Exc

hang

e C

harg

e in

form

atio

n re

latin

g to

Cla

ss H

Inst

itutio

nal a

nd E

Cla

sses

.

2 O

r eq

uiva

lent

in th

e re

leva

nt s

hare

cla

ss c

urre

ncy.

The

Dire

ctor

s or

thei

r de

lega

te m

ay w

aive

the

min

imum

in

itial

sub

scrip

tion

and

min

imum

hol

ding

.

3 O

r eq

uiva

lent

in

the

rele

vant

sha

re c

lass

cur

renc

y as

app

ropr

iate

if

inve

sted

thr

ough

an

inte

rmed

iary

om

nibu

s ac

coun

t. U

SD

50,0

00 if

inve

sted

dire

ctly

thro

ugh

NS

CC

Fun

dSer

ve.

4

US

D50

0,00

0 or

its

equ

ival

ent

in t

he r

elev

ant

Sha

re C

lass

cur

renc

y in

agg

rega

te w

ith a

min

imum

of

US

D10

0,00

0 or

its

equi

vale

nt in

the

rele

vant

Sha

re C

lass

cur

renc

y pe

r Fun

d, a

s ap

prop

riate

.

5 N

o Pr

elim

inar

y C

harg

e is

pay

able

if s

ubsc

ribin

g di

rect

ly th

roug

h th

e A

dmin

istra

tor.

If su

bscr

ibin

g th

roug

h an

in

term

edia

ry,

at t

he d

iscr

etio

n of

the

Man

ager

, a

Prel

imin

ary

Cha

rge

of u

p to

5%

of

the

amou

nt o

f th

e in

vest

men

t in

the

Fund

may

be

adde

d to

the

amou

nt p

ayab

le in

resp

ect o

f the

sub

scrip

tion.

The

Pre

limin

ary

Cha

rge

is p

ayab

le to

fina

ncia

l int

erm

edia

ries

appo

inte

d by

a D

istri

buto

r or d

irect

ly to

the

Man

ager

. Inv

esto

rs

wis

hing

to a

vail

of n

omin

ee s

ervi

ces

shou

ld n

ote

that

a s

epar

ate

fee

may

be

paya

ble

to th

e pr

ovid

er o

f suc

h no

min

ee s

ervi

ces.

6 Fo

r C

lass

H in

stitu

tiona

l and

E C

lass

es th

e D

ealin

g D

eadl

ine

is 4

.00p

.m. I

rish

time

on th

e D

ealin

g D

ay fo

r ap

plic

atio

ns w

hich

are

mad

e di

rect

ly to

the

Adm

inis

trato

r and

5.0

0 p.

m. H

ong

Kong

Tim

e on

a D

ealin

g D

ay

for a

ll ot

her a

pplic

atio

ns”

In th

e se

ctio

n he

aded

“M

anag

emen

t and

Adm

inis

trat

ion”

the

para

grap

h un

der t

he s

ub-h

eadi

ng “

Hon

g K

ong

Rep

rese

ntat

ive

” is

del

eted

in it

s ent

irety

and

repl

aced

with

the

follo

win

g:

“T

he M

anag

er h

as a

ppoi

nted

Alli

anz

Glo

bal

Inve

stor

s H

ong

Kon

g Li

mite

d (f

orm

erly

Alli

anz

Dre

sdne

r A

sset

Man

agem

ent H

ong

Kon

g Li

mite

d) to

act

as

its r

epre

sent

ativ

e in

Hon

g K

ong

in

rela

tion

to t

he t

rans

mis

sion

of

appl

icat

ions

and

req

uest

s fo

r su

bscr

iptio

ns,

rede

mpt

ions

and

ex

chan

ges

of S

hare

s an

d th

e re

ceip

t an

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oney

s in

res

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d Fu

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sum

mar

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Gen

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rmat

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).

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he s

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nfor

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und

er t

he s

ub-h

eadi

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“Reg

istr

atio

ns”

the

para

grap

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aded

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ong

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Reg

istra

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is d

elet

ed in

its e

ntire

ty a

nd re

plac

ed w

ith th

e fo

llow

ing:

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Com

pany

cur

rent

ly o

ffer

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nstit

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f Sh

ares

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inve

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epre

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ativ

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In

the

sec

tion

head

ed “

Gen

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Inf

orm

atio

n” u

nder

the

sub

-hea

ding

s “R

egis

trat

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” th

e pa

ragr

aph

head

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Sing

apor

e Re

gistr

atio

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del

eted

in it

s ent

irety

and

repl

aced

with

the

follo

win

g:

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lass

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nstit

utio

nal

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es o

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omm

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ro B

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atio

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re re

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Secu

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d Fu

ture

s A

ct 2

001

(Cha

pter

289

of t

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tute

s) (“

SFA

”). D

etai

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fer

of C

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th

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ngap

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Rep

rese

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Th

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th

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#28

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-

APPENDIX 1 BASE CURRENCY OF FUNDS AND SHARE CLASS NET ASSET VALUE DENOMINATION (Currency references relate to the currency in which the respective Class will be offered)

Fund B

ase

Cur

renc

y

Inst

.

Inst

. C

AD

(Hed

ged)

Inst

. C

HF

(Hed

ged)

Inst

. C

HF

(Unh

edge

d)

Inst

. EU

R

(Hed

ged)

Inst

. EU

R

(Unh

edge

d)

Inst

. G

BP

(Hed

ged)

Inst

. G

BP

(Unh

edge

d)

Inst

. N

OK

(Hed

ged)

Inst

. N

ZD(H

edge

d)

Inst

. SE

K

(Hed

ged)

Inst

. SG

D

(Hed

ged)

Inst

. U

SD

(Hed

ged)

Inst

. U

SD

(Unh

edge

d)

CommoditiesPLUS

Strategy USD USD CHF EUR EUR GBP GBP

Developing Local

Markets USD USD CHF EUR EUR GBP GBP

Diversified Income USD USD CHF EUR EUR GBP Emerging Local Bond USD USD EUR EUR GBP GBP Emerging Markets Bond USD USD CHF EUR EUR GBP

Euro Bond EUR EUR CHF EUR GBP USD

Euro Credit EUR EUR CHF EUR GBP USD

Euro Liquidity Fund EUR EUR Euro Long Average Duration EUR EUR CHF EUR GBP USD

Euro Real Return EUR EUR CHF EUR GBP USD

EuriborPLUS EUR EUR CHF EUR GBP USD Euro Ultra Long Duration EUR EUR CHF EUR GBP USD

FX Strategies EUR EUR EUR GBP GBP

Global Advantage USD USD CHF EUR EUR GBP

Global Bond USD USD CHF EUR EUR GBP NOK NZD SEK USD

Global Bond Ex-US USD USD CHF EUR EUR GBP

Global High Yield Bond USD USD CHF EUR EUR GBP NOK Global Investment Grade Credit USD USD CHF EUR EUR GBP

Global Multi-Asset USD USD CHF EUR EUR GBP

Global Real Return USD USD CHF CHF EUR EUR GBP

High Yield Bond USD USD CAD CHF EUR EUR GBP SGD

Low Average Duration USD USD CHF EUR EUR GBP Mortgage-Backed Securities USD USD EUR EUR GBP

StocksPLUS USD USD CHF EUR EUR GBP

Total Return Bond USD USD CHF EUR EUR GBP

UK Corporate Bond GBP GBP EUR USD UK Fundamental EquityPLUS GBP GBP EUR EUR

UK Sterling Inflation-Linked GBP GBP CHF EUR EUR USD

UK Sterling Investment Grade Credit GBP GBP CHF EUR EUR USD

UK Sterling Long Average Duration GBP GBP CHF EUR EUR USD

UK Sterling Low Average Duration GBP GBP CHF EUR USD

UK Total Return Bond GBP GBP CHF EUR EUR USD

Unconstrained Bond USD USD CHF EUR EUR GBP

US Dollar Liquidity USD USD

Fund B

ase

Cur

renc

y

Inv.

Inv.

C

HF

(Hed

ged)

Inv.

EU

R

(Hed

ged)

Inv.

G

BP

(Hed

ged)

Inv.

N

OK

(H

edge

d)

Inv.

U

SD

(Hed

ged)

Inv.

U

SD

(Unh

edge

d)

CommoditiesPLUS Strategy USD USD CHF EUR GBP

Developing Local Markets USD USD CHF EUR GBP

Diversified Income USD USD CHF EUR GBP

Emerging Local Bond USD USD EUR GBP

Emerging Markets Bond USD USD CHF EUR GBP

Euro Bond EUR EUR CHF GBP USD

Euro Credit EUR EUR CHF GBP USD

Euro Liquidity EUR EUR

Euro Long Average Duration EUR EUR CHF GBP USD

Euro Real Return EUR EUR CHF GBP USD

EuriborPLUS EUR EUR CHF GBP USD

Euro Ultra Long Duration EUR EUR CHF GBP USD

FX Strategies EUR EUR GBP

Global Advantage USD USD CHF EUR GBP

Global Bond USD USD CHF EUR GBP NOK USD

Global Bond Ex-US USD USD CHF EUR GBP

Global High Yield Bond USD USD CHF EUR GBP

Global Investment Grade Credit USD USD CHF EUR GBP

Global Multi-Asset USD USD CHF EUR GBP

Global Real Return USD USD CHF EUR GBP

High Yield Bond USD USD CHF EUR GBP

Low Average Duration USD USD CHF EUR GBP

Mortgage-Backed Securities USD USD EUR GBP

StocksPLUS USD USD CHF EUR GBP

Total Return Bond USD USD CHF EUR GBP

UK Corporate Bond GBP GBP EUR USD

UK Fundamental EquityPLUS GBP GBP EUR

UK Sterling Inflation-Linked GBP GBP CHF EUR NOK USD UK Sterling Investment Grade Credit GBP GBP CHF EUR NOK USD

UK Sterling Long Average Duration GBP GBP CHF EUR NOK USD

UK Sterling Low Average Duration GBP GBP CHF EUR NOK USD

UK Total Return Bond GBP GBP CHF EUR NOK USD

Unconstrained Bond USD USD CHF EUR GBP NOK


Fund

Bas

e C

urre

ncy

Adm

in.

Adm

in.

CH

F (H

edge

d)

Adm

in.

EUR

(H

edge

d)

Adm

in.

GB

P (H

edge

d)

Adm

in.

USD

(H

edge

d)

Adm

in.

USD

(U

nhed

ged)


Developing Local Markets USD USD CHF EUR GBP


Emerging Local Bond Fund USD USD EUR GBP

Emerging Markets Bond USD USD CHF EUR GBP







EuroStocksPLUS Total Return EUR EUR CHF GBP USD


FX Strategies EUR EUR GBP


Global Bond USD USD CHF EUR GBP USD

Global Bond Ex-US USD USD CHF EUR GBP









Total Return Bond USD USD CHF EUR GBP



UK Sterling Inflation-Linked GBP GBP CHF EUR USD

UK Sterling Investment Grade Credit GBP GBP CHF EUR USD

UK Sterling Long Average Duration GBP GBP CHF EUR USD


UK Total Return Bond GBP GBP CHF EUR USD

Unconstrained Bond USD USD CHF EUR GBP


Fund

Bas

e C

urre

ncy

Cla

ss H

In

stitu

tiona

l

Cla

ss

H

Inst

. EU

R (H

edge

d)

Cla

ss

H

Inst

. U

SD (H

edge

d)

Cla

ss

H

Inst

. U

SD (U

nhed

ged)

CommoditiesPLUS Strategy USD USD EUR

Developing Local Markets USD USD EUR

Diversified Income USD USD EUR

Emerging Local Bond USD USD EUR

Emerging Markets Bond USD USD EUR

Euro Bond EUR EUR USD

Euro Credit EUR EUR USD


Euro Long Average Duration EUR EUR USD

Euro Real Return EUR EUR USD

EuriborPLUS EUR EUR USD

EuroStocksPLUS Total Return EUR EUR USD

Euro Ultra Long Duration EUR EUR USD

FX Strategies EUR EUR

Global Advantage USD USD EUR

Global Bond USD USD EUR USD

Global Bond Ex-US USD USD EUR

Global High Yield Bond USD USD EUR

Global Investment Grade Credit USD USD EUR

Global Real Return USD USD EUR

Global Multi-Asset USD USD EUR

High Yield Bond USD USD EUR

Low Average Duration USD USD EUR

Mortgage-Backed Securities USD USD EUR

StocksPLUS USD USD EUR

Total Return Bond USD USD EUR



UK Sterling Inflation-Linked GBP GBP EUR USD

UK Sterling Investment Grade Credit GBP GBP EUR USD

UK Sterling Long Average Duration GBP GBP EUR USD

UK Sterling Low Average Duration GBP GBP EUR USD

UK Total Return Bond GBP GBP EUR USD

Unconstrained Bond USD USD EUR


Fund

Bas

e C

urre

ncy

E C

lass

E

Cla

ss C

HF

(Hed

ged)

E C

lass

EU

R

(Hed

ged)

E C

lass

EU

R

(Unh

edge

d)

E C

lass

G

BP

(Hed

ged)

E

Cla

ss S

GD

(H

edge

d)

E C

lass

USD

(H

edge

d)

E C

lass

USD

(U

nhed

ged)

E C

lass

HK

D

(Hed

ged)


Developing Local Markets USD USD CHF EUR EUR GBP


Emerging Local Bond Fund USD USD EUR EUR GBP

Emerging Markets Bond USD USD CHF EUR GBP SGD








FX Strategies EUR EUR GBP USD


Global Bond USD USD CHF EUR GBP USD

Global Bond Ex-US USD CHF EUR GBP









Total Return Bond USD USD CHF EUR GBP SGD



UK Sterling Inflation-Linked GBP GBP CHF EUR USD

UK Sterling Investment Grade Credit GBP GBP CHF EUR USD

UK Sterling Long Average Duration GBP GBP CHF EUR USD


UK Total Return Bond GBP GBP CHF EUR USD

Unconstrained Bond USD USD CHF EUR GBP


Fund

Base Currency

Z Class

Z Class EUR (Hedged)

Z Class GBP (Hedged)

Com

mod

ities

PLU

S

Stra

tegy

U

SD

U

SD

E

UR

G

BP

Dev

elop

ing

Loca

l

Mar

kets

U

SD

U

SD

E

UR

G

BP

Div

ersi

fied

Inco

me

US

D

US

D

EU

R

GBP

Emer

ging

Loc

al

Bond

U

SD

U

SD

E

UR

G

BP

Emer

ging

Mar

kets

Bond

U

SD

U

SD

E

UR

G

BP

Euro

Bon

d EU

R

EUR

GBP

Euro

Cre

dit

EUR

EU

R

G

BP

Euro

Liq

uidi

ty F

und

EUR

EU

R

Euro

Lon

g A

vera

ge

Dur

atio

n

EUR

EU

R

G

BP

Euro

Rea

l Ret

urn

EU

R

EUR

GBP

Eurib

orP

LUS

EU

R

EUR

GBP

Euro

Sto

cksP

LUS

To

tal R

etur

n EU

R

EUR

GBP

Euro

U

ltra

Long

D

urat

ion

EUR

EU

R

G

BP

FX S

trate

gies

EU

R

EUR

GBP

Glo

bal

Adv

anta

ge

Fund

U

SD

U

SD

E

UR

G

BP

Glo

bal B

ond

US

D

US

D

EU

R

GBP

Glo

bal B

ond

Ex-

US

U

SD

U

SD

E

UR

G

BP

Glo

bal H

igh

Yiel

d Bo

nd

US

D

US

D

EU

R

GBP

Glo

bal I

nves

tmen

t G

rade

Cre

dit

US

D

US

D

EU

R

GBP

Glo

bal M

ulti-

Ass

et

US

D

US

D

EU

R

GBP

Glo

bal R

eal R

etur

n U

SD

U

SD

E

UR

G

BP

Hig

h Yi

eld

Bon

d U

SD

U

SD

E

UR

G

BP

Low

Av

erag

e D

urat

ion

US

D

US

D

EU

R

GBP

Mor

tgag

e-Ba

cked

Se

curit

ies

US

D

US

D

EU

R

GBP

Stoc

ksP

LUS

US

D

US

D

EU

R

GBP

Tota

l Ret

urn

Bon

d U

SD

U

SD

E

UR

G

BP

UK

Cor

pora

te B

ond

GB

P

GB

P

EU

R

U

K F

unda

men

tal

Equi

tyPL

US

G

BP

G

BP

E

UR

UK

Ste

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Infla

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Link

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GB

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GB

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EU

R

UK

Ste

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In

vest

men

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de

Cre

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GB

P

GB

P

EU

R

UK

Ste

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Lon

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urat

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GB

P

GB

P

EU

R

UK

Ste

rling

Low

Av

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GB

P

GB

P

EU

R

UK

Tot

al R

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nd

GB

P

GB

P

EU

R

Unc

onst

rain

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ond

GB

P

GB

P

EU

R

US

Dol

lar L

iqui

dity

U

SD

U

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The

Dire

ctor

s of P

IMC

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unds

: Glo

bal I

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Ser

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lc w

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nam

es a

ppea

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the

Pros

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ccep

t res

pons

ibili

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r the

in

form

atio

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in th

is S

uppl

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kno

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and

belie

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irect

ors (

who

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ens

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form

atio

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in th

is d

ocum

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s in

acco

rdan

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e fa

cts a

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oes n

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mit

anyt

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like

ly to

aff

ect t

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port

of su

ch in

form

atio

n.

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omm

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Allianz Global Investors Hong Kong Limited 21st Floor, Cheung Kong Center 2 Queen’s Road Central, Hong Kong Phone : +852 2238 8000 Fax : +852 2877 2566 www.allianzglobalinvestors.com.hk

Allianz Global Investors Hong Kong Limited

18 September 2009 Dear Investor PIMCO Funds: Global Investors Series plc (the “Company”) - CommoditiesPLUS TM Strategy Fund

- Developing Local Markets Fund - Diversified Income Fund - Emerging Local Bond Fund - Emerging Markets Bond Fund - EuriborPLUS Fund - Euro Bond Fund - Global Bond Fund - Global High Yield Bond Fund - Global Investment Grade Credit Fund - Global Real Return Fund - High Yield Bond Fund - Low Average Duration Fund - StocksPLUS TM Fund - Total Return Bond Fund (each a “Fund” and collectively the “Funds ”)

Please find attached a supplement to the prospectus of the Company in relation to the unified fee arrangement. Please note that the other funds referred to in the attached supplement but which are not included in the list of Funds above are currently not authorized for sale to the public in Hong Kong and are not available to Hong Kong investors. If you wish to obtain a copy of the updated Hong Kong offering documents of the Company, which will be available on or about 31 October 2009, please feel free to contact us directly at our office or the intermediary through which you usually deal with your investment in the Company. If you have any questions about this letter and the attached supplement, please consult your financial advisor or contact us at (852) 2238 8000. Allianz Global Investors Hong Kong Limited Hong Kong Representative

1

PIMCO FUNDS: Global Investors Series plc

An umbrella type open-ended investment company with variable capital and with segregated liability between Funds incorporated with limited liability under the laws of Ireland with registered number 276928.

SUPPLEMENT TO THE PROSPECTUS

16 September, 2009

This supplement is supplemental to, forms part of and should be read in conjunction with and in the context of the prospectus for PIMCO Funds: Global Investors Series plc (the “Company”) dated 11 June, 2007 (the “Prospectus”) as amended from time to time.

The Directors of the Company wish to inform the Shareholders and prospective investors in the Company of the following amendments affecting the Company’s Prospectus with effect from that date of this Supplement.

Capitalised terms used herein shall have the meanings attributed to them in the Prospectus.

1. Revised Fees and Expenses Structure

With effect from 00.01 a.m. on 31 October, 2009 (Irish time) (the “Effective Date”) the Directors have simplified the fee and expense structure of the Company by paying the Manager a single fixed Management Fee out of which shall be paid the fees of the Investment Advisers, the fees of the Administrator and Custodian, and certain other expenses which shall include the fees of Paying Agents (and other local representatives) in jurisdictions where the Funds are registered.

As a result of this change it is no longer necessary to operate the expense limitation procedure and expense limits in relation to the Institutional Classes, Investor Classes, Administrative Classes and E Classes which have been operated by the Manager to date. Accordingly, as outlined below under the heading “Changes to Material Contracts” the Operational Expense Limitation Agreement between the Company and PIMCO LLC dated 26th March 2003 (as amended) has been terminated.

However, in order to manage the effect of certain limited operational expenses that are not covered by the proposed Management Fee, the Company proposes to introduce a new expense limitation provision whereby the Manager may waive, reduce or reimburse all or any portion of its Management Fee to ensure that the effect of establishment costs and Directors’ fees (which are not covered by the Management Fee) on any Fund’s expense levels does not exceed a predetermined level (with the proviso that the Manager may recoup any amounts waived, reduced or reimbursed within a 36 month period provided that total expenses, including such recoupment, do not exceed the predetermined level.)

Accordingly, the Prospectus shall be amended as follows:

1.1 The heading “Advisory Fee” in the Table of Contents shall be removed in its entirety.

1.2 In the section headed “DEFINITIONS”, the definition of “Advisory Fee” shall be deleted in its entirety.

1.3 In the section headed “DEFINITIONS”, the following new definition shall be inserted:

2

“Management Fee means the management fee payable to the Manager as set forth in the section entitled “FEES AND EXPENSES”.

1.4 The eighth paragraph of the sub-section entitled “All Asset Fund” under the heading “Fund Summaries” contains reference to an “Advisory Fee”. As the All Asset Fund terminated on 31 May, 2009 this paragraph shall be deleted in its entirety.

1.5 The twelfth paragraph of the sub-section entitled “Global Multi-Alpha Fund” under the heading “Fund Summaries” contains reference to an “Advisory Fee”. As the Global Multi-Alpha Fund terminated on 13 March, 2009 this paragraph shall be deleted in its entirety.

1.6 The twelfth paragraph of the sub-section entitled “Global Multi-Asset Fund” under the heading “Fund Summaries” shall be deleted in its entirety and replaced with the following:

The Fund may invest in Class Z shares of other Funds of the Company. Investment is not permitted in Funds which invest in other Funds of the Company. The maximum aggregate management fees that may be charged by the Underlying Funds in which the Fund will invest is 5% of their aggregate Net Asset Value.

1.7 The final paragraph in the section entitled “FUND TRANSACTIONS AND CONFLICTS OF INTEREST” shall be deleted in its entirety and replaced with the following:

The Manager may at its complete discretion, from time to time enter into arrangements with banks, financial intermediaries or large institutional shareholders to offset the Management Fee incurred by virtue of their investment in the Company. Any obligations arising from such arrangements will be met from the Manager’s own resources.

1.8 The section of the Prospectus entitled “Fees and Expenses” shall be deleted in its entirety and replaced with the following:

“FEES AND EXPENSES

Fees Payable to the Manager The fees payable to the Manager as set out below shall not exceed 2.50% per annum of the Net Asset Value of each Fund. Management Fee The Manager, in respect of each Fund and as detailed below, provides or procures investment advisory, administration, custody and other services in return for which each Fund pays a single Management Fee to the Manager. The Management Fee for each Fund is accrued on each Dealing Day and is payable monthly in arrears. The Manager may pay the Management Fee in full or in part to the Investment Advisers in order to pay for the investment advisory and other services provided by the Investment Advisers and in order for the Investment Advisers to pay for administration, custody and other services procured for the Funds by the Manager. (a) Investment Advisory Services On behalf of the Company, the Manager provides and/or procures investment advisory services. Such services include the investment and reinvestment of the assets of each Fund. The fees of the Investment Advisers (together with VAT, if any thereon) will be paid by the Manager from the Management Fee.

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(b) Administration and Custody Services On behalf of the Company, the Manager provides and/or procures administration and custody services. Such services include administration, transfer agency, fund accounting, custody and sub-custody in respect of each Fund. The fees and expenses of the Administrator and Custodian (together with VAT, if any thereon) will be paid by the Manager from the Management Fee, or by the Investment Advisers. (c) Other Services and Expenses On behalf of the Company, the Manager provides and/or procures certain other services. These may include listing broker services, paying agent and other local representative services, accounting, audit, legal and other professional adviser services, company secretarial services, printing, publishing and translation services, and the provision and co-ordination of certain supervisorial, administrative and shareholder services necessary for operation of the Funds. Fees and any ordinary expenses in relation to these services (together with VAT, if any thereon) will be paid by the Manager, or by the Investment Advisers on behalf of the Manager, from the Management Fee. Such fees and expenses will include country registration costs, paying agent and local representative costs, costs incurred in relation to preparing, translating, printing, publishing and distributing the Prospectus, annual and semi-annual reports and other notices and documents to Shareholders, expenses of the publication and distribution of the Net Asset Value, costs of maintaining a listing of Shares on the Irish Stock Exchange, costs in connection with obtaining and maintaining a credit rating for any Funds or Classes or Shares, expenses of Shareholders meetings, insurance premia (such as Directors and Officers and Errors and Omissions policy premia), ordinary professional fees and expenses, annual audit fees, Companies Registration Office filing fees and other routine statutory and regulatory fees, and ordinary expenses incurred by PIMCO and PIMCO Europe Ltd. in the provision of additional supervisorial services to the Company, which services may include assistance and advice given in the preparation of annual and semi-annual reports, Prospectus updates, oversight of third party service providers’ share transfer operations and assisting with arranging shareholder and board meetings. The Company shall bear the cost of any value added tax applicable to any fees payable to the Manager or any value added tax applicable to any other amounts payable to the Manager in the performance of its duties. The Funds will bear other expenses related to their operation that are not covered by the Management Fee which may vary and affect the total level of expenses within the Funds including, but not limited to, taxes and governmental fees, brokerage fees, commissions and other transaction expenses, costs of borrowing money including interest expenses, establishment costs, extraordinary expenses (such as litigation and indemnification expenses) and fees and expenses of the Company’s independent Directors and their counsel. The Management Fee for each class of each Fund (expressed as a per annum percentage of its Net Asset Value) is as follows:

Fund

Inst’l, Inv,

Admin, Classes

(%)

Class H Inst’l

(%)

Class E

(%)CommoditiesPLUS™ Strategy ......................................................... 0.74 0.91 1.64

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Developing Local Markets................................................................

0.85 1.02 1.70

Diversified Income............................................................................

0.69 0.86 1.59

Emerging Local Bond .......................................................................

0.89 1.06 1.74

Emerging Markets Bond ...................................................................

0.79 0.96 1.69

EuriborPLUS.....................................................................................

0.40 0.57 1.15

Euro Bond .........................................................................................

0.46 0.63 1.36

Euro Credit........................................................................................

0.46 0.63 1.36

Euro Liquidity...................................................................................

0.25 0.42 0.60

Euro Long Average Duration............................................................

0.46 0.63 1.36

Euro Real Return...............................................................................

0.46 0.63 1.36

Euro Ultra-Long Duration.................................................................

0.46 0.63 1.36

FX Strategies.....................................................................................

0.65 0.82 1.50

Global Advantage .............................................................................

0.70 0.87 1.60

Global Bond ......................................................................................

0.49 0.66 1.39

Global Bond Ex-US ..........................................................................

0.49 0.66 1.39

Global High Yield Bond ...................................................................

0.55 0.72 1.45

Global Investment Grade Credit .......................................................

0.49 0.66 1.39

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Global Multi-Asset............................................................................

0.95 1.12 2.15

Global Real Return ...........................................................................

0.49 0.66 1.39

High Yield Bond ...............................................................................

0.55 0.72 1.45

Low Average Duration......................................................................

0.46 0.63 1.36

Mortgage-Backed Securities .............................................................

0.46 0.63 1.36

StocksPLUS™ .................................................................................

0.55 0.72 1.45

Total Return Bond.............................................................................

0.50 0.67 1.40

UK Corporate Bond ..........................................................................

0.46 0.63 1.36

UK Fundamental EquityPLUS..........................................................

0.84 1.01 1.74

UK Sterling Inflation-Linked............................................................

0.46 0.63 1.36

UK Sterling Investment Grade Credit...............................................

0.46 0.63 1.36

UK Sterling Long Average Duration ................................................

0.46 0.63 1.36

UK Sterling Low Average Duration .................................................

0.46 0.63 1.36

UK Total Return Bond......................................................................

0.46 0.63 1.36

Unconstrained Bond..........................................................................

0.90 1.07 1.70

US Government Money Market........................................................

0.18 0.35 0.53

The All Asset, Asian Inflation Response, Euro Bond II, EuroStocksPLUSTM Total Return, Global Multi-Alpha, UK Sterling CorePLUS and UK Sterling Ultra-Long Duration Funds have been

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terminated, with no remaining investors and no further subscriptions being accepted in those Funds. Accordingly, no Management Fee is stated above for those Funds. The Management Fee attributable to the Class H Institutional and Class E share classes is generally higher than the Management Fee attributable to the other share classes. From this higher fee the Manager may pay for the expense of distribution, intermediary and other services rendered to Shareholders in these share classes of the Funds directly or indirectly by distributors or broker-dealers, banks, financial intermediaries, or other intermediaries. Given the fixed nature of Management Fee, the Manager, and not Shareholders, takes the risk of any price increases in the cost of the services covered by the Management Fee and takes the risk of expense levels relating to such services increasing above the Management Fee as a result of a decrease in net assets. Conversely, the Manager, and not Shareholders, would benefit from any price decrease in the cost of services covered by the Management Fee, including decreased expense levels resulting from an increase in net assets. Z Classes Management Fee Due to the nature of the Z Class offering and in an effort to avoid the duplication of fees, the Management Fee for the Z Classes will be set at 0% per annum. Investment in other Collective Investment Schemes linked to the Manager If a Fund acquires units of another collective investment scheme which is managed, directly or indirectly, by the Manager or any affiliate of the Manager with which it is linked by way of common management or control or by way of a direct or indirect stake of more than 10% of the capital or votes, the Fund may not be charged any subscription, conversion or redemption fees in connection with the Fund’s investment in the other collective investment scheme. If a Fund invests in shares of any other Fund of the Company, the investing Fund may not charge a Management Fee in respect of that portion of its assets invested in the other Fund of the Company save that it may do so if the investing Fund’s investment is restricted to a zero Management Fee share class of the other Fund (such as the Company’s Z Class shares). In addition, this restriction will not prevent the Manager from charging a Management Fee to the investing Fund if the Manager is charging such fee for onward transmission to an unaffiliated party as remuneration for asset allocation services in relation to a Fund for which the service of such a party is used. Service Fee The Service Fee which applies to the Investor Classes only is paid to the Manager and may be used to reimburse broker-dealers, financial intermediaries, or other intermediaries that provide services in connection with the distribution and marketing of Shares and/or the provision of certain shareholder services or the administration of plans or programmes that use Fund Shares as their funding medium, and to reimburse other related expenses. The services are provided directly by the Manager or indirectly through broker-dealers, financial intermediaries, or other intermediaries to all Shareholders of the Investor Classes. The same services apply to all Shareholders of the Investor Classes for the fees levied. These services may include responding to Shareholder inquiries about the Funds and their performance; assisting Shareholders with purchases, redemptions and exchanges of Shares; maintaining individualised account information and providing account statements for Shareholders; and maintaining other records relevant to a Shareholder’s investment in the Funds. Plans or programmes that use Fund Shares as their funding medium may include unit-linked insurance products and pension, retirement or savings plans maintained by employers. All Shareholders in the Investor Classes will receive services pursuant to agreements entered into with financial intermediaries with whom those Shareholders have a servicing relationship. The Service Fee is calculated on the basis of 0.35% per annum of the Net Asset Value of each Fund attributable to the

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Investor Classes. The Service Fee is paid out of the Net Asset Value attributable to the Investor Classes except in relation to the US Government Money Market Fund and the Euro Liquidity Fund which attract a Service Fee of 0.125% per annum of the Net Asset Value of those Funds. The Service Fee for each Fund is accrued on each Dealing Day and is payable monthly in arrears. The Manager may retain for its own benefit in whole or in part any Service Fee not payable to broker-dealers, financial intermediaries or other intermediaries. Trail Fee The Trail Fee which applies to Administrative Class Shares is paid to the Distributor for personal services rendered to Shareholders of the Funds and the maintenance of Shareholder accounts, including compensation to, and expenses (including telephone and overhead expenses) of, financial consultants or other employees of participating or introducing brokers, certain banks and other financial intermediaries who assist in the processing of purchase or redemption requests or the processing of dividend payments, who provide information periodically to Shareholders showing their positions in a Fund’s Shares, who forward communications from the Company to Shareholders, who render ongoing advice concerning the suitability of particular investment opportunities offered by the Funds in light of the Shareholders’ needs, who respond to inquiries from Shareholders relating to such services, or who train personnel in the provision of such services. The services are provided directly by the Distributor or indirectly through brokerdealers, banks, financial intermediaries, or other intermediaries to all Shareholders of Administrative Class Shares. The Trail Fee is calculated on the basis of 0.50% per annum of the Net Asset Value of each Fixed Income Fund, except in relation to the US Government Money Market Fund and the Euro Liquidity Fund which attract a Trail Fee of 0.25% per annum of the Net Asset Value of those Funds, 0.50% per annum of the Net Asset Value of each Strategic Markets Fund, and 0.75% per annum of the Net Asset Value of each Equity Fund attributable to the Administrative Class Shares. The Trail Fee for each Fund is accrued on each Dealing Day and is payable monthly in arrears. The Distributor may retain for its own benefit in whole or in part any Trail Fee not payable to broker-dealers, banks, financial intermediaries or other intermediaries. Establishment Costs The cost of establishing each of the below Funds and the preparation and printing of the relevant supplemental prospectus in relation thereto and the date on which each Fund was approved by the Financial Regulator are each set out below as follows: Fund Date of Approval Balance of

Establishment Costs as at 30 June 2009

CommoditiesPLUS™ Strategy Fund 24 August 2006 USD 20,906.98 Euro Ultra Long Duration Fund 13 October 2006 EUR 4,093.09 FX Strategies Fund 23 April 2007 EUR 9,332.56 Mortgage-Backed Securities Fund 23 April 2007 USD 16,338.79 UK Sterling Low Average Duration Fund

16 August 2006 GBP 6,204.97

Unconstrained Bond Fund 5 December 2008 USD 44,602.20 Global Multi-Asset Fund 27 February 2009 USD 47,917.60 Global Advantage Fund 3 April 2009 USD 59,309.52 UK Total Return Bond Fund 23 April 2009 GBP 42,616.05

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The above costs will be amortised over the first five years of each Fund’s operation or such other period as the Directors may determine. The cost of establishing any subsequent Fund will be charged to the relevant Fund and such costs will be subject to the Expense Limitation provisions noted below. Directors’ Remuneration The Articles provide that the Directors shall be entitled to a fee by way of remuneration at a rate to be determined from time to time by the Company. The aggregate fee paid to each independent Director shall not exceed EUR40,000 in each year. In addition, each independent Director will be reimbursed for any reasonable out-of-pocket expenses. Other Charges Details of any Preliminary Charge payable on a subscription for Shares (if any) and/or any Redemption Charge payable on redemption of Shares (if any) payable on redemption of Shares (if any) and/or any Exchange Charge payable on the exchange of Shares (if any) are set out in respect of the Shares of each Fund in “Key Information Regarding Share Transactions.” Expense Limitation (including Management Fee Waiver and Recoupment) The Manager has agreed with the Company, pursuant to the Management Agreement between the Company and the Manager dated 28th January, 1998 as amended, to manage total annual fund operating expenses for any Class of Fund, by waiving, reducing or reimbursing all or any portion of its Management Fee, to the extent that (and for such period of time that) such operating expenses would exceed, due to the payment of establishment costs and pro rata Directors’ fees, the sum of such Class of such Fund’s Management Fee (prior to the application of any applicable Management Fee waiver), any Service or Trail fees, as applicable, and other expenses borne by such Fund’s share Class not covered by the Management Fee as described above (other than establishment costs and pro rata Directors’ fees), plus 0.0049% per annum (calculated on a daily basis based on the NAV of the Fund). In any month in which the Management Agreement is in effect, the Manager may recoup from a Fund any portion of the Management Fee waived, reduced or reimbursed pursuant to the Management Agreement (the “Reimbursement Amount”) during the previous 36 months, provided that such amount paid to the Manager will not 1), exceed 0.0049% per annum of the Class of the applicable Fund’s average net assets (calculated on a daily basis); 2) exceed the total Reimbursement Amount; 3) include any amounts previously reimbursed to the Manager; or 4) cause any Class of a Fund to maintain a net negative yield. Regarding Share Transactions Your financial adviser may charge you additional fees or commissions other than those disclosed in this Prospectus. Please speak with the financial adviser through whom you have purchased Shares if you have questions about these additional fees or commissions. Fee Increases The rates of fees for the provision of services to any Fund or Class may be increased within the maximum level stated above so long as at least 2 weeks written notice of the new rate(s) is given to Shareholders of the relevant Fund or Class.” 2. Changes to Material Contracts In light of the above changes to the fees of the Company a number of the material contracts of the Company have been amended. Accordingly, the following changes shall be made to the Prospectus: In the section headed “GENERAL INFORMATION” under the sub-heading “Material Contracts”, section (g) relating to the amended Operational Expense Limitation Agreement dated 26th March, 2003, as amended, and section (d) relating to the Services Agreement dated 29th August,

9

2002, as amended, are deleted while the first paragraph of section (b) relating to the Custodian Agreement is revised in its entirety as follows:-

“(b) The Custodian Agreement between the Custodian, the Company and the Manager dated 30 October, 2008 as supplemented on 16 September, 2009 (and as may be amended from time to time between the Company, the Manager and the Custodian) under which the Custodian was appointed as custodian of the Company's assets. The Custodian Agreement may be terminated by any party on 90 days written notice or forthwith by notice in writing in certain circumstances such as the insolvency of any party or unremedied breach after notice provided that the Custodian shall continue to act as custodian until a successor custodian approved by the Financial Regulator is appointed by the Company or the Company's authorisation by the Financial Regulator is revoked.”

The Directors of PIMCO Funds: Global Investors Series plc whose names appear in the Prospectus accept responsibility for the information contained in this Supplement. To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure such is the case) the information contained in this document is in accordance with the facts and does not omit anything likely to affect the import of such information.

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