Disclaimer This website http://phf.gg (the “Website”) is operated and issued and maintained by Pembroke Management Limited (”PML”). Pembroke Heritage Fund Limited (the “Company”) with the Guernsey Registered Number (55065) was incorporated on 3 May 2012 in Guernsey with limited liability as a Registered Closed-ended Collective Investment Scheme pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended (the “POI Law”) and the Registered Collective Investment Scheme Rules 2018 issued by the Guernsey Financial Services Commission (the “GFSC”). The GFSC takes no responsibility for the financial soundness of PML or for the correctness of any of the statements made or opinions expressed with regard to it. PML as the Manufacturer under the PRIIPS regime has taken the decision not to issue a KID into the public domain as trading in the shares of the Company is subject to various restrictions as set out in the Prospectus. However, before any EU investor is accepted into the share register a KID will be made available to that investor alongside all other relevant documentation. PML take every care and precaution that is reasonably practicable to ensure that information published on the Website is accurate when posted and regularly updated, but PML does not guarantee and has not independently verified its accuracy and may change the information at anytime without notice. The past performance of the Company or any other company referred to on the Website cannot be relied upon as a guide to its future performance. The price of shares can go down as well as up and investors may not recoup the amount originally invested. Accordingly, no assurance can be given that any particular expectation will be met and readers should not place undue reliance on forward-looking statements. Whilst PML believes that the information on this Website is correct at the date of publication, no warranty or representation is given to this effect. This Website is not an offer to invest in the Company. PML owns the copyright to the content and information published on the Website except where otherwise indicated by a third party’s proprietary notice. Images, trade marks and brands are also protected by other intellectual property laws and must not be reproduced or appropriated in any manner without written permission of their respective owners. Unless specifically prohibited by a notice published on any page, you may make a print copy of such parts of the Website as you may reasonably require for your own personal use provided that any copy has attached to it any relevant proprietary notices and/or disclaimers. All other use is prohibited. PML is not responsible for the content of any other website from which you have accessed this Website or to which you may hyperlink from this Website and cannot be held liable for any loss or damage of whatsoever nature you incur as a result. This Disclaimer is governed by the laws of Guernsey and you agree that the Courts of Guernsey shall have exclusive jurisdiction in any dispute. ACCEPT AND CONTINUE TO THE WEBSITE