Legal information Legal information Regulatory Disclosures – United Kingdom and the United States of America Arrowgrass Capital Partners LLP (“Arrowgrass UK”) is authorised and regulated by the United Kingdom Financial Conduct Authority ("FCA"). Additionally, in accordance with the requirements of the United States Investment Advisers Act of 1940 ("Advisers Act"), both Arrowgrass Capital Partners (US) LP ("Arrowgrass US") and Arrowgrass UK , together referred to as “Arrowgrass”, are registered as investment advisers with the United States Securities and Exchange Commission (“SEC”). Arrowgrass UK will comply with the Advisers Act with respect to U.S. clients only. The information within this site is issued by Arrowgrass to sophisticated investors who are professional clients or eligible counterparties under the Rules of the FCA and “Accredited Investors” as defined in Regulation D promulgated under the U.S Securities Act 1933, as amended (“the Securities Act”) and “Qualified Purchasers” as defined under the U.S Investment Company Act 1940, as amended (“the Company Act”). Access to this website from certain countries may be restricted by law and you are required to determine that you are permitted to access it. Most if not all of the protections provided by the United Kingdom regulatory system will not apply to investments in the products detailed within this site. The information within this site is unsuitable for any other party who should exit the Website immediately. If you are unsure as to whether or not you qualify, please contact Arrowgrass. The information below further explains the legal and regulatory restrictions in relation to the Arrowgrass website. Please read the Terms carefully which may be subject to change without notice. By accessing any page of this Website, you agree to be bound by the Terms below. If you do not agree to the Terms below, please exit the Website. This page is designed to filter out unsuitable categories of investor from accessing the site and as such Arrowgrass cannot be responsible for any misrepresentations you may make in gaining unauthorised access to the site. These Terms may be amended without notice to you. Your continued use of the Website following any changes will mean that you accept such changes. Content of Web Site By proceeding you agree, so far as this is permitted under the provisions of the UK and US regulatory system, to the exclusion by us of any liability, including without limitation that arising from any loss of profit or any other damage direct or consequential, in respect of any errors and/or omissions by us and/or any relevant third parties in respect of the content. This paragraph will not exclude any liability for, or remedy in respect of, fraudulent misrepresentation. This website is published solely for informational purposes and has no regard to specific investment objectives, financial situation or particular needs of any person. Any opinions or estimates included herein constitute a judgment as of the date of publication and are subject to change without notice. Similarly, any documents or other information included or posted on this website are subject to change, replacement or withdrawal without notice. It is the responsibility of users of this website to ensure they are aware of the current documentation and information published on this website from time to time. No reliance may be placed for any purpose on the information and opinions contained in this website or their accuracy or completeness and no representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in this website. Investment Risk There are significant risks associated with investment in the products outlined in the site. Investment is intended for sophisticated investors who can accept the risks associated with such an investment including a substantial or complete loss of their investment and who have no need for immediate liquidity in their investment. Investments will be subject to strict limitations on transferability and withdrawal. There will be no secondary or public market. The value of investments and any income derived from them can go down as well as up and the value of an investor's investment may be subject to sudden and substantial falls. The loss on realisation may be very high and could result in a substantial or complete loss of investment. Most if not all of the protections provided by the United Kingdom regulatory structure will not apply to investments. Investors should be fully aware of the restrictions on transfer of investments. Some investment positions may be illiquid and investment may be made in non-publicly traded securities. The foregoing list of risk factors is not complete and reference should be made to the relevant Offering Memorandum. An investment may only be made after receiving and reviewing the Offering Memorandum and the risk factors contained therein. You should rely only on the Offering Memorandum in making any decision to invest. Solicitation The site does not constitute and should not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. Persons resident in territories other than the UK should consult their professional financial advisers as to whether they require any governmental or other consents or need to observe any formalities to enable them to invest in any product described in this Website. The provision of the information in this web site does not constitute an offer to purchase or the solicitation of an offer to sell any securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information contained in this site about Arrowgrass UK is not directed to any person in the United States. Advice No information contained within this Website should be construed as investment advice. Taxation Taxation will depend on individual financial circumstances and the country of residence. Unregulated Schemes The product described on the site is an unregulated collective investment scheme. Its promotion or offering in the United Kingdom is restricted to institutions or individuals falling within COBS 4.12, Chapter 4 of the FCA Handbook, and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes (Exemptions) Order 2001). When viewing any area of the site related to this unregulated fund, you confirm that you are authorised to carry out investment business under FSMA or are a person falling within the eligible categories of permitted investors under Rule 4.12, COBS Chapter 4 of the FCA Handbook, and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes (Exemptions) Order 2001). By proceeding you confirm: that you are not a private or retail investor or subject to any jurisdictional restrictions permitting access to information on unregulated collective investment schemes and that you fall within one of the permissible categories under Rule 4.12, COBS Chapter 4 of the FCA Handbook, and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes (Exemptions) Order 2001). Distribution of information contained on this site is strictly prohibited without express permission from Arrowgrass. Pillar 3 Disclosure Please click here if you wish to view the Firm’s Pillar 3 Disclosure Document. Stewardship Code Please click here if you wish to view the Firm’s Statement of Compliance with the UK Stewardship Code. Arrowgrass is committed to industry best practice and is both an HFSB signatory and a member of AIMA. Arrowgrass Capital Partners LLP is a Limited Liability Partnership registered in England and Wales (Partnership Number OC309628 and FCA Firm reference number 413647). Registered office: Level 34, Tower 42, 25 Old Broad Street, London EC2N 1HQ. Arrowgrass Capital Partners (US) LP is a Delaware Limited Partnership with its principal office at 1330 Avenue of the Americas, 32nd Floor, New York, NY 10019 Legal Information © Copyright 2014 Arrowgrass Capital Partners LLP. All rights reserved. Developed by Captec Systems Ltd