DISCLAIMER IMPORTANT INFORMATION AND TERMS OF USE OF THE WEBSITE This website is issued in the United Kingdom by Ferox Capital LLP (“Ferox”), 16 Berkeley Street, London W1J 8DZ United Kingdom registration number OC349411. Ferox is authorised and regulated in the conduct of its investment business by the FCA (FCA no. 511342). Information in this website and any Funds referenced on it are only directed at and available to persons who are professional clients and eligible counterparties for the purposes of the Financial Conduct Authority rules (“FCA rules”) of the United Kingdom. Definitions of professional client and eligible counterparty can be found in the Glossary of the FCA rules here. You must not use this website if you are a retail client for the purposes of the FCA rules or if it is otherwise unlawful for you to access the information on this website. The distribution of the information contained in this website in certain countries may be restricted by law and persons who access it are required to inform themselves and to comply with any such restrictions. If you have any doubts about your status you must not access this website. This information does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such an offer or solicitation. All persons accessing this website do so on an unsolicited basis and on their own initiative. Prospective investors should inform themselves as to applicable legal requirements, exchange control regulations and taxes in the countries of their citizenship, residence or domicile. Ferox and all its partners accept no responsibility if persons access the website, or the information on it, contrary to such legal and regulatory requirements. This website is published solely for informational purposes and has no regard to the specific investment objectives, financial situation or particular needs of any person. Information contained herein is believed to be reliable but no warranty is given as to its accuracy or completeness and views and opinions, whilst given in good faith, are subject to change without notice. Information posted on this website is current only at the date it is first posted and may no longer be true or complete when viewed by you. All information contained on this website may be changed or amended without prior notice. The information on this website does not constitute, and should not be construed as, a personal recommendation or investment advice. Ferox does not provide investment advice and cannot receive or transmit orders from investors in the Funds. The terms of investment in any Fund are governed by the documents establishing such terms (“Fund Documents”). In the event of any inconsistency between the information on this website and the terms in the Fund Documents the terms in the Fund Documents shall prevail. Any application for shares or interests in the Funds must only be made having read fully the relevant Fund Documents. It is your responsibility to use such documentation and by making an application you will be deemed to represent that you have read such applicable documentation and agree to be bound by its contents. This website additionally contains a password restricted area that contains specific information about unregulated alternative investment funds (as defined by Directive 2011/61/EU, the “Alternative Investment Fund Managers Directive”). Certain of the Funds referred to in the restricted area of this site are not recognised collective investment schemes for the purposes of the Financial Services and Markets Act 200 in the United Kingdom. The promotion of such Funds and the distribution of offering materials in relation to such funds in the United Kingdom is restricted by law. The information contained in the restricted area is only available to and directed only at persons to whom such funds may be lawfully promoted. The hedge funds in the Restricted Area are not regulated under the UK's financial services regulations and investors in those Funds will not benefit from the rules and regulations made under the Act for the protection of investors or from the Financial Services Compensation Scheme. To access the restricted area you must first provide Ferox with certain information to assess your eligibility to receive access. Once you have been assessed as eligible you will receive a username and password. Access is permitted at the sole discretion of Ferox. No persons other than those who have been provided with a valid user name and password by Ferox should attempt to gain access to the restricted area. Information contained in the website may constitute a financial promotion for the purposes of the FCA Rules. Risk Factors Investments in the Funds involve risk. The value of any investment may go down as well as up and you may not get back the original amount invested. Past performance may not necessarily be repeated and is no guarantee or projection of future results. Total return will fluctuate with the market conditions and changes in currency exchange rates. The levels and bases of and reliefs from taxation may change. Any tax reliefs currently available and their value depends on the circumstances of each investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences. The risk factors set out above are not complete and you must refer to the relevant Fund Documents with respect to the risks attached to each Fund. Important Information for Swiss Investors Ferox does not provide investment advice to Swiss Investors. The Website is only for Swiss qualified investors within the meaning of Art. 10 Para. 3, 3bis and 3ter CISA. Salar Fund Plc is represented for distribution in and from Switzerland to qualified investors. The Representative in Switzerland is ACOLIN Fund Services AG, Affolternstrasse 56, 8050 Zürich and the Paying Agent is Aquila & Co. AG, Bahnhofstrasse 28a, 8001 Zürich. No other Funds mentioned on this website are available for distribution in and from Switzerland and Swiss Investors are not eligible to invest. Important information for US Persons The offering, sale and/or distribution of many of the products or services described on this website is not intended in any jurisdiction to any person to whom it is unlawful to make such an offer, sale and/or distribution, including the United States. If you intend to obtain any product or service from Ferox that is described on this web site, you must first inform Ferox whether you are a US Person or if you would not be allowed to obtain such products or services from Ferox in your home jurisdiction. This website and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or a solicitation of any offer to sell any securities or any other banking product or service to US Persons. 'US Persons' are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed 'US Persons' under certain rules. Neither Ferox nor any of its affiliates accepts any liability whatsoever for any loss howsoever arising from any use of this website or its respective contents or otherwise arising in connection therewith. Ferox cannot be held responsible for any damages or losses that occur from transactions and/or services in defiance of the relevant rules of the purchaser’s home jurisdiction. General Information The entire contents of the www.feroxcapital.com Internet site (the "site") are subject to copyright with all rights reserved. You may download or print individual sections of the site for your personal use and information only provided that you retain all copyright and other proprietary notices. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose the site without the prior written permission of Ferox. You must not transmit any virus, "worm", "Trojan horse", or other item of a destructive nature to the site and it is your responsibility to ensure that whatever you download or select for your use from the site is free from such items. 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