Traditional techniques for the global bond portfolio of today Colchester Global Investors Disclaimer Please note the following in respect of Colchester’s regulatory status in Australia: (i) neither Colchester Global Investors Limited ARBN 153 119 763 nor Colchester Global Investors (Singapore) Pte. Ltd ABN 58 159 947 583 holds an Australian financial services licence for the provision of certain financial services, and both entities are exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 in respect of the financial services Colchester provides on the basis that, among other things, it only provides services to “wholesale clients” with the meaning of the Corporations Act 2001; (ii) Colchester Global Investors Limited is authorised and regulated by the Financial Conduct Authority of the United Kingdom under UK the laws of England and Wales, which differ from Australian laws; (iii) Colchester Global Investors (Singapore) Pte. Ltd is regulated by the Monetary Authority of Singapore under Singapore laws, which differ from Australian laws. Therefore, Australian wholesale clients are not necessarily subject to the same types of legal protections or remedies that they would enjoy if Colchester was directly subject to the Corporations Act. A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act 2001. This commonly includes a person or entity: • Who holds an Australian Financial Services License. • Who has or controls at least AUD 10 million (and may include funds held by an associate or under a trust that the person manages). • That is a body regulated by APRA other than a trustee of: (i) a superannuation fund; (ii) an approved deposit fund; (iii) a pooled superannuation trust; or (iv) a public sector superannuation scheme, within the meaning of the Superannuation Industry (Supervision) Act 1993. • That is a body registered under the Financial Corporations Act 1974. • That is a trustee of: (i) a superannuation fund; or (ii) an approved deposit fund; or (iii) a pooled superannuation trust; or (iv) a public sector superannuation scheme within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least AUD10 million. • That is a listed entity or a related body corporate of a listed entity. • That is an exempt public authority. • That is a body corporate, or an unincorporated body, that: (i) carries on a business of investment in financial products, interests in land or other investments; and (ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes. • That is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs. Other important information The material on this website is provided for your general information only and does not constitute the giving of investment advice or an offer to sell or the solicitation of an offer to buy any investment. Whilst the information contained on this website has been given in good faith and every effort has been made to ensure its accuracy, Colchester accepts no responsibility for loss occasioned as a result of reliance placed on any part or content of this website and makes no warranty as to the accuracy of any such information or content. This website and its contents are the property of Colchester Global Investors. You may not reproduce, modify or distribute the content of this website without prior consent from Colchester Global Investors. Your use of this website is governed by these terms and conditions and by progressing beyond the home page you are deemed to accept these terms and conditions. The information provided on this website regarding services offered by Colchester is not directed to any United States person or any person in the United States, any state thereof, or any of its territories or possessions. Information displayed on this website contains material that may be interpreted by the relevant authorities in the country in which you are viewing this website as a financial promotion or an offer to purchase securities. Accordingly the information on this website is only intended to be viewed by persons who fall outside the scope of any law that seeks to regulate financial promotions in the country of your residence or in the country in which the website is being viewed. Examples of such persons may be governmental agencies, persons sufficiently experienced in investment business to appreciate the risks associated with investment services promoted on this site, large corporations and trusts and high net worth individuals. These examples are not country specific, may not be relevant to the country in which the website is being viewed and are provided for illustrative purposes only. If you are uncertain about your position under the laws of the country in which the website is being viewed then you should seek clarification by obtaining legal advice from a lawyer practicing in the country of your residence or in the country in which the website is being viewed before accessing this website. You should always bear in mind that: • the value of investments and any income from them may go down as well as up. You may not get back all of your original investment. • past performance should not be seen as an indication of future performance. • indications of past performance displayed on this website will not necessarily be repeated in the future. • rates of exchange may cause the value of underlying investments to go up or down. • applications to invest in any product referred to on this website must only be made on the basis of the documentation relating to the specific investment. If you are in any doubt about the information contained on this website please contact us via mcsapac@colchesterglobal.com or consult your usual professional financial adviser, if you have one. Opinions and any other information on this website are provided by Colchester for personal use and informational purposes only. No information provided on this website in relation to any product or investment should be construed as advice to you on the suitability or otherwise of that product or investment for you or any other person, such suitability depending on all the circumstances of the person concerned. Nothing contained on the website constitutes investment, legal, tax or other advice nor is it to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision. THE MATERIALS CONTAINED HEREIN ARE NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. The offer and sale of any securities referred to in the information that follows has not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state or other jurisdiction of the United States. Subject to certain exceptions, the securities will not be offered in the United States and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from, or in a transaction not subject to, such registration requirement. No public offering of securities of the Company is being made in the United States. The Securities offered and sold outside the United States are being offered in reliance on Regulation S of the Securities Act. Confirmation of Understanding By clicking the “I UNDERSTAND” button below you confirm that you (1) have read and understood the information set out above, (2) agree to be bound by its terms, (3) are a “wholesale client” as defined in the Corporations Act 2001, (4) are permitted under applicable law and regulation to proceed to the following parts of this website and (5) accept cookies from this website. I UNDERSTAND