No representation, warranty, undertaking or guarantee of whatever nature is made or given concerning the accuracy and completeness of the above.

The Managers shall not accept any liability or responsibility of whatever nature and however arising in respect of any claim, damage, loss or expense arising out of or in connection with the reliance by anyone on the contents of this document. Past Performances are not necessarily a guide to future performance.

Some of the countries in which the fund is invested have less developed political, economic and legal systems. These markets have a higher-than-average risk of investment. Therefore, we recommend that you seek independent financial advice to determine whether this Fund is suitable for your investment needs.

We suggest that you seek independent tax advice to determine how the structure of the fund will affect your tax position in your respective country of residence. This communication is provided for information only and does not constitute an offer for sale. For more information please refer to www.firstmeridianfunds.com