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orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
orandum, the offering and the Interests relate to the Fund. which is a foreign investment fund. The Fund is not subject to any form of regulation by the Dubai International Financial Centre (the -DIFC") or the Dubai Financial Services Authority (the -DFSA"). None of the Fund, this Memorandum, the offering or the Interests have been appr
he Financial Supervisory Authority of Colombia (fa Superintendencia Financiera de Colombia) and will not be listed on the Colombian Stock Exchange (la Bolsa de Valores de Colombia). The Interests are being offered under circumstances which do not constitute a public offering of securities under applicable Colombian securities
Entities connected to both the Dubai International Financial Centre and la Bolsa de Valores de Colombia

Columbia University
LOCATIONthe Colombian Stock Exchange
ORGANIZATIONConlidenhal Private Placement Memorandum
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONConlidentral Private Placement Memorandum
ORGANIZATION