Ana Balat

DISCLAIMER

Welcome to the website of the Ana Balat Group of companies and funds. Please review the following terms and conditions carefully. By accessing this website, you agree to be bound by the terms and conditions below. If you do not agree to any term or condition, you should not access or otherwise use our site.

“Ana Balat“™ is the brand under which Ana Balat Limited (Mauritius), Ana Balat Limited (Hong Kong), Ana Balat Capital Management Limited, Ana Balat Capital Management Limited (Nigeria), Ana Balat SARL, Ana Balat Capital Management International Limited Merkezi Ingiltere Türkiye Istanbul Subesi, Ana Balat Capital Management Holdings Limited, Ana Balat Capital Management Holdings Representative Office Egypt, Ana Balat Holdings Limited, AB Levant Strategic Investors SAL, EMPEC Limited, Ana Balat Bulletin™, and affiliated companies and funds (hereinafter named “Ana Balat“) operate and provide services. These services are governed by General Terms of Business which on request will be send without charges.

Ana Balat Limited (Mauritius) is an Investment Adviser (Unrestricted) authorised and regulated by the FSC of Mauritius under License No. C117016816. Ana Balat Limited (Hong Kong) does not conduct any regulated activities, and provides administrative and management services as well as macro research.

This website is intended solely for the use by qualified investors who can afford the risks inherent in the services and products as described, who do not need immediate liquidity for their investment, and who fully understand and are willing and capable to assume the high risk involved in alternative investments. The information and services described on this website are only available to a limited group of persons, corporations, and institutions meeting specified criteria. Please exit this website if you do not fit the above criteria.

An alternative investment is an asset that is not one of the conventional investment types, such as stocks, bonds and cash. They are held by institutional and qualified investors because of the complex natures and limited regulations of the investments. Examples include private equity, hedge funds, managed futures, commodities, and derivatives contracts.

Neither the shares in Ana Balat Limited (Mauritius) nor the shares in any of the other Ana Balat Group of companies and funds have been registered under any United States securities legislation, and, except in a transaction which does not violate such legislation or require such registration, they are not being offered, directly or indirectly, in the United States of America or in any of its territories or possessions or areas subject to its jurisdiction or citizens or persons thereof. Additionally, neither Ana Balat Limited (Mauritius) nor the shares in any of the other Ana Balat Group of companies and funds are recognised schemes for the purposes of the Financial Services Act 2012 of the United Kingdom.

Please read this disclaimer carefully, which may be subject to immediate change without prior notice. By accessing any page of this website, you agree to be bound by the terms of this disclaimer. If you do not agree to the terms of this disclaimer, please exit this website. This


disclaimer is designed to filter out unsuitable categories of clients and investors from accessing the website and as such Ana Balat cannot be responsible for any misrepresentations you may make in gaining unauthorised access to the website.

The information on this website is intended strictly for information purposes only, and is provided to you without charge. Under no circumstance should the content of this site be construed as a solicitation, offering, or advice to acquire, dispose of, or engage in any financial dealing. The content on this website is provided “as is” without any representations or warranties of merchantability, non-infringement, or fitness for particular purpose, as well as any warranty of quality, functionality, accuracy, currency, or completeness, and should not be considered as a promotion to any class of investor. Content on the website of Ana Balat may include technical inaccuracies or typographical errors. It is the responsibility of any browser to inform him-or herself, and to observe, all applicable laws and regulations of relevant jurisdictions. Ana Balat accepts no liability for any direct or indirect, special, incidental, or consequential damages or decisions made or taken, or not taken, from the use or reliance on information provided on this site.

The information on this website does not constitute a disclosure document. Prospective clients and investors should review the information brochures and prospectuses for the services and projects they have solicited and described herein before making any investment or other decision. Prospective clients and investors should also inform themselves; and should take appropriate advice, on the risks of any investment or other decision, the legal requirements and the possible tax consequences, foreign exchange restrictions or exchange control requirements, that they may encounter under the laws of the countries of their citizenship, residence, or domicile.

The value of investment income and income derived thereof can decrease as well as increase. Investment projects in commodities and emerging markets involve a high degree of risk. Performance numbers shown are records of past performance and as such do not guarantee future performance.

This website is protected by one or more copyrights, patent, database rights, trademarks, service marks and/or other intellectual property and proprietary rights that are owned by Ana Balat and/or third parties.

You may not remove any copyright, trademark or other proprietary notice or legend contained on (or printed from) the website. You may not decompose, decompile, reverse engineer, disassemble, or otherwise deconstruct all or any portion of the website. You may not publish, broadcast, retransmit, reproduce, repackage, reframe, commercially exploit, create any derivative of or otherwise redistribute all or any portion of the website except as explicitly agreed by Ana Balat in writing.

Ana Balat is not liable for any technological problems and any impact that they may have, nor is it liable for any damage or injury caused by the performance or the failure of performance of all or

any portion of the website. Ana Balat is not liable for any defects, delays or errors in or resulting from your use of this website.

If you access any third party website through the website or otherwise, you do so at your own risk. Hyperlinks to or from the website do not constitute third party endorsement or sponsorship by, or affiliation with, Ana Balat.

Access to, visit of and use of the website and this disclaimer is governed by and shall be construed in accordance with the laws of the Republic of Mauritius. The courts of Mauritius shall have exclusive jurisdiction over any dispute relating thereto, without prejudice to Ana Balat making choice of any other court having jurisdiction on such a dispute under any applicable law.

In the event of any of the provisions of this disclaimer would be held unenforceable, the remaining provisions shall be unimpaired.

@ Ana Balat Limited (Mauritius). All rights reserved.