INFORMATION ON THIS WEBSITE

The information on this site is issued inside and outside the United Kingdom by EPIC Asset Management Limited, which is authorised and regulated by the Financial Services Authority ("FSA"). To the extent this information is accessed by a person in the United Kingdom, the sales restriction set out below shall apply. The information on this site is not directed at any person in any jurisdiction where it is unlawful to access and use such information.

The information on this site is for information purposes only and is not intended to and shall not in anyway constitute an offer or solicitation to invest in any of the investment funds that are referred to on the site.

Sales Restrictions

United Kingdom: the investment funds referred to on this site are not recognised collective investment schemes for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (the "Act"). The promotion of such investment funds and the distribution of offering materials in relation to such funds in the United Kingdom is accordingly restricted by law.

The information contained on this site is directed only at persons who are both (a) intermediate customers or market counterparties for the purposes of the FSA Conduct of Business Sourcebook ("COBS") and (b) of a kind to whom such investment funds may lawfully be promoted by a person authorised under the Act (an "authorised person") by virtue of either of Section 238(5) of the Act and Annex 5 of Chapter 3 of COBS or Section 238(6) of the Act and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes)(Exemptions) Order 2001. Shares in the investment funds referred to on this site are only available to such persons and information on this site must not be relied or acted upon by any other persons.

Investors in the investment funds referred to on this site will not benefit from the rules and regulations made under the Act for the protection of investors, nor from the Financial Services Compensation Scheme.

Shares in the investment funds referred to on this site are not dealt in or on a recognised or designated investment exchange for the purposes of the Act, nor is there a market maker in such shares, and it may therefore be difficult for an investor to dispose of his shares otherwise than by way of redemption.

General: it may be illegal to download the information contained in this site in certain countries and EPIC Asset Management Limited and its associated companies disclaim all responsibility if you download any information from this site in breach of any law or regulation of the country in which you are residing.

Where access to any part of this site is restricted and requires possession of a valid password, no other person should attempt to gain access to such part of the site.

The investment funds referred to on this site are subject to the legal and regulatory requirements applicable in the jurisdiction where you are resident. An application for shares in any of the investment funds referred to on this site should only be made having read fully the relevant prospectus. It is your responsibility to use such prospectus and by making an application you will be deemed to represent that you have read such prospectus, you meet the eligibility criteria therein and agree to be bound by its contents.

No Advice

Nothing contained in this site constitutes investment, legal, tax or other advice, nor is it to be relied upon when making investment or other decisions. The information on this site is provided solely on the basis that you make your own investment decisions. Should you have any queries about the investment funds referred to on this site, you should contact your financial adviser.

Risk Factors

Past performance may not be repeated and should not be seen as a guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. Because of this, you are not certain to make a profit on your investments and you may lose money.

Exchange rates may cause the value of overseas investments and the income arising from them to rise or fall.

The levels and bases of and reliefs from taxation may change. Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences.

Accuracy of Information

The information contained on this site (including any expression of opinion or forecast) has been obtained from, or is based on, sources believed by EPIC Asset Management Limited and its associated companies to be reliable, but is not guaranteed as to its accuracy or completeness. Such information is provided without obligation on the part of EPIC Asset Management Limited and its associated companies and on the understanding that any person who acts upon it or changes his investment position in reliance on it does so entirely at his own risk. The information contained on this site does not constitute an offer to buy or sell or an invitation to make an offer to buy or sell shares in any investment fund referred to herein.

Information posted on this site is current only as at the date it is first posted and may no longer be true or complete when viewed by you. All information contained on this site may be changed or amended without prior notice although neither EPIC Asset Management Limited nor any of its associated companies undertakes to update this site regularly.

No Liability

This information on this site has been prepared, approved and issued by EPIC Asset Management Limited. The information and opinions contained in this site have been compiled, or arrived at, in good faith and on the basis of publicly available information, internally developed data and sources believed to be reliable as at the date of publication. However, no representation, warranty or undertaking, express or implied, is made by EPIC Asset Management Limited, its associated companies or any other person as to the reliability, accuracy or completeness of the information contained on this site and no liability is accepted by such persons for the reliability, accuracy or completeness of such information. In no event will EPIC Asset Management Limited or any of its associated companies or any of their directors or other employees be liable to any person for any direct, indirect, special or consequential losses or damages of any kind arising out of any use of this site or any other hyper-linked site or in reliance on the information and opinions contained in it from time to time, including without limitation, any loss of profit, business interruption, loss of programs or data on your equipment or otherwise. This does not exclude or restrict any duty or liability that EPIC Asset Management Limited has to its customers under the regulatory system in the United Kingdom.

You should be aware that the Internet is not a completely reliable transmission medium. Neither EPIC Asset Management Limited nor any of its associated companies accepts any liability for any data transmission errors such as data loss or damage or alteration of any kind, including, but not limited to any direct, indirect or consequential damage, arising out of the use of the products or services referred to herein. In addition, neither EPIC Asset Management Limited nor any of its associated companies accept any responsibility for the security or confidentiality of information transmitted across the internet to or from EPIC Asset Management Limited or any of its associated companies and any such transmission of information is entirely at your own risk. This does not exclude or restrict any duty or liability that EPIC Asset Management Limited has to its customers under the regulatory system in the United Kingdom.

Material Interests

EPIC Asset Management Limited, its associated companies and its and their members and/or directors, officers and/or employees may have holdings in the investment funds referred to on this site and may otherwise be interested in transactions that you effect in those funds.

Linked Websites

This site may be linked to third party websites or contain information provided by third parties. Neither EPIC Asset Management Limited nor any of its associated companies makes any representation as to the accuracy or completeness of such websites or information, have not and will not review or update such websites or information, and caution browsers that any use made of such websites or information is at their own risk. Neither EPIC Asset Management Limited nor any of its associated companies accepts any liability arising out of the information contained on any linked website or information on this site provided by a third party and the use of such sites and information is at your own risk. This does not exclude or restrict any duty or liability that EPIC Asset Management Limited has to its customers under the regulatory system in the United Kingdom.

Copyright, Trademarks and Other Rights

Copyright, trademarks, database rights, patents and all similar rights in this site and the information contained in it are owned by EPIC Asset Management Limited, its associated companies, their licensors or relevant third party content providers. You may use the information on this site and reproduce it in hard copy for your personal reference only. Such information may not otherwise be reproduced, distributed, stored in a data retrieval system or transmitted, in any form or by any means - electronic, mechanical, photocopying, recording or otherwise - without the prior written permission of EPIC Asset Management Limited. Nothing on this site should be considered as granting any licence or right under any trademark of EPIC Asset Management Limited, its associated companies or any third party.

Governing Law

You agree that your use of this site and any dispute arising in relation to this site is subject to English law and you submit to the jurisdiction of the English courts in connection with any such dispute.