March 24, 2017 Transamerica Funds Denver, Colorado 80202 Transamerica Partners Funds Group II Denver, Colorado 80202 Ladies and Gentlemen:Agreement and Plan of Reorganization • June 8th, 2017 • Transamerica Funds
This opinion is furnished to you pursuant to paragraph 8.7 of the Agreement and Plan of Reorganization (the “Agreement”), dated as of March 10, 2017, by and among Transamerica Funds, a Delaware statutory trust (the “Acquiring Entity”), on behalf of its series Transamerica Mid Cap Value Opportunities (the “Acquiring Fund”), and Transamerica Partners Funds Group II, a Massachusetts business trust (the “Acquired Entity”), on behalf of its series Transamerica Partners Institutional Mid Value (the “Acquired Fund”). All capitalized terms not otherwise defined herein have the meanings ascribed to them in the Agreement. The Agreement also contemplates other similar transactions involving the Acquired Entity and the Acquiring Entity on behalf of their respective series listed on Exhibit A thereto. References herein to “Acquiring Fund Shares” refer only to Acquiring Fund Shares of the Acquiring Fund, and references herein to “Acquired Fund Shares” and “Acquired Fund Shareholders” refer only to A
