Website Disclaimer Please read this information carefully before using this website (the 'Site'). By clicking the 'I Accept' button below you agree that you have read and accepted these terms and conditions (the 'Agreement') and the restrictions governing the use of the Site. Egerton Capital (UK) LLP ('Egerton Capital') may suspend your use of this Site immediately if you do not comply with this Agreement. The Site is communicated by and is the property of Egerton Capital, which is a limited liability partnership registered in England and Wales with Registered Number OC382552. Egerton Capital's registered office is at Stratton House, 5 Stratton Street, London, W1J 8LA. Egerton Capital is authorised and regulated by the Financial Conduct Authority. Egerton Capital is also registered with the U.S. Securities and Exchange Commission ("SEC") as a registered investment adviser. 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If you are a person located in any jurisdiction where there are restrictions on the type of person who may access information relating to unregulated Funds then, by selecting 'I AGREE', you will be undertaking, warranting and representing to Egerton Capital, that you are not causing Egerton to breach any of those restrictions by your accessing of those parts of the Site. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Access to any restricted area of this Site requires possession of a valid password and no other person should attempt to gain access to it. You must keep your password confidential. You are solely responsible for maintaining the confidentiality and security of your password. You accept full responsibility for any use of your password. Your right to use the Site is subject to your agreement to abide by this Agreement in its entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Site. At any time and for any reason we may revoke your right to use all or any portion of this Site. Disclosure The information contained on this Site is exempt from the scheme promotion restriction (section 238 of the Financial Services and Markets Act 2000 of the United Kingdom) upon the communication of invitations or inducements to participate in unrecognised collective investment schemes, on the grounds that it is being issued to and/or directed at only the types of person referred to above. The material contained on this Site is issued inside and outside the United Kingdom by Egerton Capital (which is authorised and regulated by the Financial Conduct Authority of the United Kingdom ('FCA') and is issued only to and/or directed only at persons who are professional clients or eligible counterparties for the purposes of the FCA's Conduct of Business Sourcebook (the 'FCA Sourcebook'). Accordingly, the opportunity to invest in the Funds or to participate in any other investments to which this material relates is only available to professional clients or eligible counterparties and this material must not be relied or acted upon by any other persons. Under the rules of the FCA Sourcebook, the Firm is required to include on this Site 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. Please click on the following link to be directed to the section of this Site containing Egerton Capital's Code disclosure statement. Please click on the following link to be directed to the section of this Site containing the Egerton Capital's Pillar 3 disclosure statement. No Offer or Advice This material is provided for information purposes only and does not constitute an invitation or offer to subscribe for or purchase interests in the Funds. The Site is not intended as and is not to be taken as an offer or solicitation with respect to the purchase or sale of any security or interest, nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such solicitation or offer. Any decision to purchase securities or interests with respect to any of the Funds described on this Site must be based solely upon the information contained in the Prospectus. The material contained on the Site is not intended to constitute, and should not be construed as, investment advice. Potential investors in the Funds should seek their own independent financial advice. Egerton neither provides investment advice to, nor receives and transmits orders from, investors in the Funds nor does it carry on any other activities with or for such investors that constitute 'MIFID or equivalent third country business' for the purposes of the rules of the FCA. The Site does not allow visitors to make investments in any of the Funds. If you require additional information, you should contact appropriate Egerton personnel. Risk Notice Egerton Capital wishes to draw your attention to the following. You should appreciate that the value of interests in any Fund, and any income from them, may go down as well as up and that if you choose to invest in any Fund, your capital will be at risk and you may therefore lose some or all of any amount that you choose to invest. Past performance should not be seen as an indication of future performance. Changes in rates of exchange between the base currency and the currency in which the investments of any Fund are denominated may additionally cause the value of the interests to go up or down. The material set out on the Site is provided for convenience and information purposes only and is subject to change without notice. The investments covered in this material may not be dealt on a recognised or designated investment exchange for the purposes of the Financial Services and Markets Act 2000 (the 'Act') and it may therefore be difficult for an investor to dispose of such investments otherwise than by way of redemption or to obtain reliable information about the extent of the risks to which his investment is exposed. 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Governing Law You agree that your use of this Site and any dispute arising from the use of this Site (whether contractual or non-contractual) is governed by and shall be construed in accordance with the laws of England and Wales and you submit to the exclusive jurisdiction of the English courts. If you access the Site from outside the United Kingdom you are responsible for ensuring compliance with local laws relating to access to websites. Privacy, Data Protection & Cookies Egerton Capital is committed to safeguarding the personal information which you may provide to Egerton Capital through this Site and to the extent that any personal information is collected, it will be held in confidence in accordance with the Data Protection Act 1998. You may be asked to provide voluntarily certain personal information details about you in connection with Egerton Capital’s customer registration procedures. Egerton Capital will use this information for administration and other related activities and to ensure compliance with its obligations under the UK regulatory regime. Egerton Capital may disclose this information to its agents and service providers. 16/07/13