STRATEGY MANAGEMENT PORTFOLIO AWARDS INFO CITIZENSHIP CONTACT US TERMS & CONDITIONS The pages on this website are published by Marwyn Investment Management LLP (“Marwyn”). Please read these conditions of use carefully, as by using the website you will be taken to have agreed to be bound by them. Marwyn reserves the right to vary the conditions of use at any time and will post any variations here. You are advised to review the conditions of use on a regular basis, as you will be deemed to have accepted variations if you continue to use the website after they have been posted. INVESTMENTS The information contained on this website is directed at and is only available to persons normally resident for tax purposes in the UK. The information on this website does not constitute a prospectus and is not an offer to buy or sell, or a solicitation of any offer to buy or sell securities or any other products or services or otherwise deal in these or enter into a contract with Marwyn in relation to any Marwyn product mentioned on this site in any jurisdiction outside of the UK. No regulatory approvals have been sought in relation to the information provided, and it should not be relied upon in connection with any investment decision. Persons resident in territories other than the UK should consult their professional advisers as to whether they require any governmental or other consents or need to observe any formalities to enable them to invest in any Marwyn product mentioned on this site. The past performance of Marwyn and any other entity referred to on this website cannot be relied upon as an indicator of future returns. The value of investments and the income from them may fall as well as rise and is not guaranteed. Consequently you may not receive back the amount originally invested. No statements made on the website constitute a guarantee, projection or prediction of the future and actual events may differ significantly. The website includes forward-looking statements that represent Marwyn’s opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realised. These statements may be identified by the use of words like “estimate,” “expect,” “may,” “will,” “should,” “seek,” and similar expressions. The forward-looking statements reflect Marwyn’s views and assumptions with respect to future events as of the date of they are published on the website and are subject to risks and uncertainties. Actual and future results and trends could differ materially from those described by forward-looking statements due to various factors, including those beyond Marwyn’s ability to control or predict, and you should not place reliance on such statements. Statements contained on the website (including those relating to current and future market conditions and trends in respect thereof) that are not historical facts are based on Marwyn’s current expectations, estimates, projections, opinions and/or beliefs. Any reference to any product or service which has been or may be provided by Marwyn’s or any other company does not amount to a promise that such product or service will be available at any time. Changes to or improvements in such products or services may be made at any time without notice. REGULATION Marwyn Capital LLP and Marwyn Investment Management LLP (together “Marwyn”) are authorised and regulated by the Financial Conduct Authority (“FCA”) in the UK. Marwyn Capital LLP’s FCA registration number is 440146. Marwyn Investment Management LLP’s registration number is 440137. You can view the FCA register here: http://www.fsa.gov.uk/register/home.do. You can contact Marwyn by e-mail to ir@marwyn.com or by post to Marwyn’s registered office at 11 Buckingham St, London WC2N 6DF. Marwyn Captial LLP’s VAT registration number is 891 49 17 85 Marwyn Investment Management LLP’s VAT registration number is 894 25 68 76. Marwyn’s clients are the funds it manages – Marwyn Value Investors LP, Marwyn Value Investors Limited, Marwyn Value Investors (Unlisted Feeder) Limited and Marwyn Value Investors (pte) Limited (“the Funds”). No other person, whether or not involved in a transaction with Marwyn, should expect to be treated as a client by Marwyn and no employee or other person associated with Marwyn has the authority to represent otherwise. Marwyn will not provide any investment services to any person other than the Funds and/or advise any person other than the Funds on the merits of, and/or make any recommendation to a person other than the Funds in relation to, the terms of any transaction. Therefore, neither Marwyn nor any member of the Marwyn group (including its affiliates and its or their members, directors, officers and employees) is responsible for providing you with protections afforded to its clients, and you should seek your own independent legal, investment and tax advice. The website (which is not password protected) is intended to provide information about Marwyn and its approach to companies seeking investment. Nothing on this website is intended to be, nor should anything be construed as, a promotion of any of the Funds, or any other fund managed by Marwyn or an invitation to any person to invest in those funds. These funds (other than Marwyn Value Investors Limited) are unregulated collective investment schemes and are not available to the general public; investment in them is subject to regulatory restrictions. There is no recognised market for dealing in these funds and therefore it may be difficult for an investor to sell an interest in the funds or to obtain reliable information as to its value or the extent of the risks to which it is exposed. This website is communicated for the purposes of section 21 of the UK Financial Services and Markets Act 2000 (which concerns financial promotions) by Marwyn Investment Management LLP. None of the statements on this website excludes or restricts any duty or liability that Marwyn has under the Regulatory System (as defined in the FCA Rules). As a result of money laundering and other regulations, additional documentation for identification purposes may be required when you make your investment. Accuracy and Content of Information Whilst every reasonable precaution has been taken to ensure the accuracy, security and confidentiality of information available at the time of publication through the Marwyn website, no representation or warranty (including liability towards third parties), expressed or implied, is made as to its accuracy, reliability or completeness. Expressions and opinions on this website represent the views of Marwyn which may be subject to change without notice. These views are provided for information purposes only and should not be construed as constituting investment, legal, tax or other advice nor be relied upon in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. NO WARRANTY The information and opinions contained on the website are provided without any warranty of any kind, either expressed or implied, to the fullest extent permissible pursuant to applicable law. Marwyn further assumes no responsibility for, and makes no warranties that, functions contained on the website will be uninterrupted or error-free, that defects will be corrected, or that the website or the servers that make it available will be free of viruses or other harmful components. LIABILITY WAIVER Under no circumstances, including, but not limited to, negligence, shall Marwyn be liable for any indirect, special or consequential damages or loss of profit that result from the access or use of, or the inability to access or use, the materials on the website. Linked Sites and Third Party Information Marwyn has not reviewed any websites which link to the website, and is not responsible for the contents of off-site pages or any other websites linked or linking to the website. Following links to any off-site pages or other websites shall be entirely at your own risk and Marwyn cannot be held liable for any loss or damage you incur as a result thereof. Content and information provided by third parties is identified clearly where it appears. Marwyn publishes the content received as supplied and is not responsible for its accuracy or timeliness. You must take appropriate steps to verify this information before acting upon it. COPYRIGHT AND TRADEMARKS Copyright trademarks, database rights, patents and all similar rights on this website are owned by Marwyn Investments Group Limited. You may download or print a hard copy of individual pages and/or sections of the website, provided that you do not remove any copyright or other proprietary notices. Any downloading or other copying from the website will not transfer title to any software or material to you. You may not reproduce (in whole or part), transmit (by electronic means or otherwise), modify, link or use for any public or commercial purpose the website without the prior permission of Marwyn Investments Group Limited. Nothing on the website shall be construed as granting any licence or right to use any image, trademark, service mark or logo. Marwyn Investments Group Limited reserves all rights with respect to copyright and trademark ownership of all material on the website, and will enforce such rights to the full extent of applicable law. DATA PROTECTION Marwyn takes the privacy of its customers very seriously and is concerned to protect personal data. Please click here to view Marwyn’s Privacy Policy. TELEPHONE RECORDING In order to maintain the quality of our services and for the protection of our customers, telephone conversations may be recorded. In particular, telephone conversations will be recorded when orders and instructions relating to share dealing are given. APPLICABLE LAW AND JURISDICTION These conditions of use are governed by the laws of England and Wales and you agree that the English courts shall have exclusive jurisdiction in any dispute. To the extent that any part of these conditions of use is found to be invalid, unlawful or unenforceable by any court of competent jurisdiction, such part shall to that extent be severed from the remaining terms, all of which shall remain in full force and effect as permitted by law. FURTHER INFORMATION The Firm is regulated by the FCA and is required to comply with the FCA’s Remuneration Code. Further detail regarding the Firm’s remuneration policy is contained in its Pillar 3 Remuneration Disclosure available here. Under Rule 2.2.3R of the FCA’s Conduct of Business Sourcebook, the Firm is required to include on this website a disclosure about the nature of its commitment to the UK Financial Reporting Council’s Stewardship Code (the “Code”) or, where it does not commit to the Code, its alternative investment strategy. The Firm’s UK Stewardship Code disclosure can be found here. Affiliates, directors, officers and/or employees of Marwyn may have holdings in Marwyn investment products or may otherwise be interested in transactions effected in investments mentioned on this website. Complaints should be addressed to the Compliance Officer at Marwyn Investment Management LLP at the address shown below. In addition, complaints may be addressed directly to the Financial Ombudsman, South Quay Plaza, 183 Marsh Wall, London E14 9SR. If you are in any doubt about the information contained on this website please call us on 020 7004 2719 or consult your professional financial adviser, if you have one. Issued by Marwyn Investment Management LLP regulated by the FCA, registered office 11 Buckingham St, London WC2N 6DF. MARWYN INVESTMENT MANAGEMENT LLP | 11 BUCKINGHAM STREET | LONDON WC2N 6DF | +44 20 7004 2700 TERMS & CONDITIONS | PRIVACY ©2015 Marwyn. All rights reserved.