Messaging Disclaimer

THE FOLLOWING IMPORTANT INFORMATION IS BROUGHT TO YOUR ATTENTION IN RESPECT OF COMMUNICATIONS TO YOU FROM Z INVESTMENT MANAGEMENT LIMITED (ZIM).

GENERAL EMAILS & INSTANT MESSAGING

E-mails & instant messages may contain confidential information and as such, should be treated as confidential. They may also contain legally privileged information. They are intended solely for use by the normal or ordinary user of the e-mail or instant message address(es) to which the email or instant message has been addressed. If you are not the named addressee you must not disseminate, distribute, amend, copy or otherwise act on the contents, including any attachments, of the e-mail or instant message. Please notify the sender immediately by e-mail if you have received an e-mail or instant message by mistake and immediately delete the e-mail or instant message from your system. You may also be asked to confirm that the e-mail or instant message received in error has been deleted from your system and/or that you have not made any unauthorised use, disclosure, distribution or copying of the e-mail or instant message.

Unless otherwise specifically indicated the contents of e-mails, instant messages and attachments, if any, are for informational purposes only.

E-mails, instant messages and attachments, if any, may not be reproduced, distributed or published by you for any purpose except with ZIM’s express written permission. The information on which the communication is based has been obtained from sources we believe to be reliable, but we do not guarantee its accuracy or completeness. All expressions of opinion are subject to change without notice.

E-mail or instant message transmissions cannot be guaranteed to be secure or error-free as the email or instant message could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses. The sender therefore does not accept any liability whatsoever for any errors or omissions in the contents of the email or instant message or that arises from any data corruption, interception or unauthorised amendment, whether or not these arise as a result of the e-mail or instant message transmission.

INVESTMENT INFORMATION

The presentation of ZIM funds and services as well as the dissemination of the information may depend on local regulations in the jurisdiction of the recipient of the communication. There is no intention to offer or sell funds or services in countries or jurisdictions where such offer or sale would be unlawful under the relevant domestic law. Investors must inform themselves about the laws which are in force in their country or jurisdiction. Funds mentioned in any communication are only available to professional investors in jurisdictions where promotion and sales of their shares is permitted.

Interests in any investment fund managed by ZIM will be offered and sold only pursuant to the prospectus relating to such fund and to professional investors. Any investment in any ZIM investment fund or managed account carries a degree of risk and may not be suitable for all investors. No assurance can be given that the stated investment objectives will be achieved and the value of investments may fall as well as rise.

The information contained in any communication does not constitute a distribution or an offer to sell in any jurisdiction in which such a distribution or offer is not authorised.