Website Disclaimer About the Website The website (“Website”) is the property of Marylebone Partners LLP (“MPLLP” or “us”), a limited liability partnership registered in England and Wales with registered number OC381480. MPLLP’s registered office is at 5th Floor, 52-54 Gracechurch Street, London, EC3V 0EH. MPLLP is authorised and regulated by the UK Financial Conduct Authority (“FCA”). This Website provides information about MPLLP and its investment management activities (“Services”). The provision of such information may constitute a financial promotion by MPLLP. The use of this Website is subject to the following terms and conditions (the “Terms”) which you should read carefully. By using this Website, you agree to be legally bound by these Terms. If you do not accept these Terms, please do not use the Website. Distribution of Information The distribution of the information and material on this Website may be restricted by law in certain countries. None of the information is directed at, or in intended for distribution to, or use by, any person or entity in any jurisdiction (by virtue of nationality, place or residence, domicile or registered office) where publication, distribution or use of such information would be contrary to local law or regulation, or would subject MPLLP to any registration or licensing requirements in such jurisdiction. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. If you are a person in a jurisdiction in which such prohibitions apply you must not access this Website. 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 'ACCEPT', you will be undertaking, warranting and representing to MPLLP that you are not causing MPLLP to breach any of those restrictions by your accessing of those parts of the Website. Investor User Categorisation This Website is only intended for Professional Clients, as defined in the EU Markets in Financial Instruments Directive (“MiFID”), or as otherwise permitted by local European Economic Area ("EEA") Member State law (“Professional Client”). Outside the EEA, the Services are only available to Professional Clients or Eligible Counterparties, as defined by the FCA, and in compliance with local law or regulation. This Website is not intended for retail or private investors. In accessing the Website as a Professional Client you will be undertaking, warranting and representing to MPLLP that you are a Professional Client. Please note that MPLLP will be acting in reliance upon your undertaking, warranting and representation and you shall indemnify us and hold us harmless against all claims liabilities, losses, damages, costs and expenses incurred or suffered by us by reason of any breach of such undertaking, warranty and representation. This Website is not intended for distribution in the United States (“US”) or for the account of US persons, as defined in the Securities Act of 1933, as amended, except to persons who are "Accredited Investors", as defined in that Act and "Qualified Purchasers" as defined in the Investment Company Act of 1940, as amended. As a matter of general policy MPLLP will not, and does not intend to conduct, regulated investment activities with any person as a result of their receiving information from the Website, unless they fulfil the relevant investor user categorisations. Access to the Restricted Area of the Website Access to any restricted area of this Website 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 Website is subject to your agreement to abide by the Terms in their entirety, as well as any other rules, procedures, policies, terms or conditions that govern all or any portion of the Website. No Offer The information and material on this Website is intended to be used for information purposes only. None of the information constitutes a public offer of securities under any applicable legislation, or an offer to sell, or a solicitation or an offer to purchase, any financial instruments, including but not limited to MPLLP investment products (“Products”). No Investment Advice This Website is published solely for information purposes and does not constitute investment, legal, tax or other advice. It should not be relied upon in making an investment decision. The Website is not tailored to the needs of any individual investor and does not contain any personal recommendation relating to any MPLLP Product, or any representation that an investment or strategy is suitable or appropriate for your individual circumstances. If any information on this Website refers to a particular tax treatment, the tax treatment described depends on the individual circumstances of each client and may be subject to change in future. Prospective investors should obtain independent investment advice and inform themselves as to applicable legal requirement, exchange control regulations and taxes in their jurisdiction. Transaction by Connected Parties Subject to the provisions of the Product prospectus and other information, connected parties may contract or enter transactions with respect to the Services, or investments, for their respective individual accounts, for the account of someone else. These holdings may, on occasion, constitute a large portion (or majority) of a single investment. There is no requirement (express or implied) on connected parties to maintain positions in investments distributed by MPLLP at any time. Investment Performance Investments can involve significant risk. Past performance is not a guarantee of future performance. The price of investments can go down as well as up and may be affected by changes in the rates of exchange. An investor may not get back the amount invested. For investment in Funds, please refer to the relevant prospectus or offering memorandum for further details of the financial commitments and risk involved in investing in a particular Fund. No Warranty Information contained on this Website has been taken for sources considered by MPLLP to be reliable, however the information is unaudited. No express or implied warranty or representation is given: in relation to any aspect or characteristic of the Website or any information contained in it; as to the accuracy, completeness, availability, timeliness, merchantability or fitness for purpose of any information on the Website, including but not limited to any quotations, news, opinions, commentaries, recommendations, data or pricing; that access to any aspect of the Website will be uninterrupted or free from delays, malfunctions or errors in transmission; as to the future performance of any MPLLP or other investment product; or as to any result or outcome that may be obtained from use of the Website. Any of the information on this Website may be changed, updated or removed without prior notice, however MPLLP is under no obligation to update the information and does not represent that it or any other person will do so. No Liability for Loss or Damage MPLLP (including any of its partners, officers or employees, third party agents and affiliates) will not be liable for any loss or damage of any kind, in whole or in part, howsoever caused, resulting from the use of, reliance upon, failure of or inability access this Website or any linked Website, or resulting from the act or omission of any other party involved in making this Website or the information on it available to you, whether or not the circumstances giving rise to such loss or damage were within the control of MPLLP or MPLLP knew of the possibility or loss or damage arising. The Terms are not intended to exclude or restrict any duty or liability MPLLP may be under the UK regulatory system. Indemnity and Termination You agree to indemnify MPLLP and its affiliates against any losses, claims, liabilities, damages, costs and expenses (including reasonable legal fees) arising from or relating to your: Use of this Website; Breach of any of the Terms or any representation made by you herein; or Violation of any applicable law, statute, regulation or any third party’s rights. The Website and access to it can be terminated at any time, with or without notice, and for any reason. Termination of your access and use of the Website does not relieve you of an obligations arising prior to such termination, or limit any liability that you otherwise may have to MPLLP. Modifications and Additional Terms and Conditions By accepting the Terms, you also agree to be bound by any additional or alternative terms and conditions that apply to individual pages within this Website or individual documents that may be downloaded from this Website, as specified on those pages and documents. Your continued use of this Website shall signify your agreement with and understanding of any additional or modified terms and conditions. If you access a page or document and do not understand, or do not agree to be bound by, any additional or alternative terms and conditions specified, you must cease using that page or document immediately. MPLLP may change the Terms at any time, without further notice to you. Linked Websites This Website may provide addresses or hyperlinks which lead you to other Websites (“Linked Sites”). We have not reviewed nor do we endorse or recommend any products or services offered or information contained on Linked Sites, and disclaim any liability for their content or any consequences of their use. Any web addresses and hyperlinks in this Website are provided solely for convenience and information. Accessing any Linked Sites shall be at your own risk. You must not link this Website to any other Website in such a way as to make it possible for a user to bypass the page containing the Terms and Conditions. Internet Communications In order to maintain the security of its systems, protect its staff and detect fraud and other crimes, MPLLP reserve the right to monitor all internet communications, including web and email traffic, into and out of its domains. Monitoring includes checks for, but not limited to; viruses and other malignant code, criminal activity, and use or content which is unauthorised. Use of Cookies A ‘cookie’ is information that a Website stores on your computer so that it can remember something about you at a later time. Cookies are commonly used on the internet and do not harm your computer. The cookies on this Website are used in conjunction with MPLLP for the purpose of authentication and authorisation. Cookies are also used to record the user’s access configuration and preferences and to act as a flag to help us recognise you and your usage of the Website. They do not include any personal information that others could read and understand about you, such as your name or account numbers. If you do not want us to use cookies when you visit this Website, you can configure your browser not to accept them or opt-out. Please refer to your browser’s help facility for further information. Please note, the use of cookies is fundamental to the operation of this Website, and that opting out or refusal to accept cookies may affect its operation. Copyright and Proprietary Rights Unless otherwise specified, this Website and its content are owned by MPLLP and may contain information, text, graphics, video, software, logos and other materials (“Content”) that are protected by copyright, trademarks, or other proprietary rights. No permission is granted to uploaded, copy, modify, post, frame, amend or distribute Content in any way without obtaining the prior written permission of MPLLP. All intellectual property rights in any part of the world which subsist in the contents of this Website and which belong to MPLLP or MPLLP, save as expressly granted, hereby reserved. Governing Law and Jurisdiction Use of this Website shall be governed by and construed in accordance with English law and any dispute arising in relation to this Website is subject to the jurisdiction of the English courts. ACCEPTDECLINE HOME APPROACH ABOUT US CLIENTS CONTACT Experience, insight and clarity of thought. Marylebone Partners is an independent firm, founded in 2013 to manage the investments of individuals, families, charities, trusts and institutions. We focus on delivering long-term capital growth for our clients, at an attractive rate above inflation. Our approach is built to last because it does not depend on a single individual, strategy, style or regime. We emphasise downside protection, and have built a risk framework to protect our clients from losses. Our team invests with the judgement gained over several market cycles. Our interests are aligned with those of our clients, and we measure success by the outcomes we achieve for them. We have delivered on their investment goals since founding Marylebone Partners in 2013. APPROACH 1st Floor Clearwater House 4-7 Manchester Street London W1U 3AE T +44 (0)20 3468 9910 F +44 (0)20 3468 9912 contacts@marylebonepartners.com Terms & Conditions | Privacy Policy Pillar 3 Disclosure | Shareholder Engagement Policy AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.