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he interests described herein in Brazil. Any public offer or sale of the interests described herein will be made only if applicable registration in the Brazilian Securities Commission is obtained. No invitation to offer, or offer for, or sale of, any investment will be deemed to the public in Brazil or by any means would be deem
ies. For persons in Guernsey. This Presentation has not been approved or authorized by the Guernsey Financial Services Commission or the States of Guernsey Policy Council. For persons in Haiti. This Presentation is for general informational purposes only. Nothing in this Presentation is intended to constitute financ
he interests described herein in Brazil. Any public offer or sale of the interests described herein will be made only if applicable registration in the Brazilian Securities Commission is obtained. No invitation to offer, or offer for, or sale of, any investment will be deemed to the public in Brazil or by any means would be deem
ies. For persons in Guernsey. This Presentation has not been approved or authorized by the Guernsey Financial Services Commission or the States of Guernsey Policy Council. For persons in Haiti. This Presentation is for general informational purposes only. Nothing in this Presentation is intended to constitute financ
he interests described herein in Brazil. Any public offer or sale of the interests described herein will be made only if applicable registration in the Brazilian Securities Commission is obtained. No invitation to offer, or offer for, or sale of, any investment will be deemed to the public in Brazil or by any means would be deem
ies. For persons in Guernsey. This Presentation has not been approved or authorized by the Guernsey Financial Services Commission or the States of Guernsey Policy Council. For persons in Haiti. This Presentation is for general informational purposes only. Nothing in this Presentation is intended to constitute financ
he interests described herein in Brazil. Any public offer or sale of the interests described herein will be made only if applicable registration in the Brazilian Securities Commission is obtained. No invitation to offer, or offer for, or sale of, any investment will be deemed to the public in Brazil or by any means would be deem
ies. For persons in Guernsey. This Presentation has not been approved or authorized by the Guernsey Financial Services Commission or the States of Guernsey Policy Council. For persons in Haiti. This Presentation is for general informational purposes only. Nothing in this Presentation is intended to constitute financ
Entities connected to both the Brazilian Securities Commission and Guernsey Policy Council

Bahrain
LOCATIONthe Kingdom of Bahrain
LOCATIONGlendower
LOCATIONDarussalam
LOCATION
the Cayman Islands
LOCATIONthe Republic of Colombia
LOCATION
Columbia University
LOCATIONAIFMD
ORGANIZATION
United Arab Emirates
LOCATIONGuernsey
LOCATIONthe Securities and Futures Ordinance
ORGANIZATION
United Kingdom
LOCATIONthe Guernsey Financial Services Commission
ORGANIZATION
Malaysia
LOCATION
New Zealand
LOCATION
Financial Services
ORGANIZATION
Pension Fund
ORGANIZATIONKanto Local Finance Bureau
ORGANIZATIONJapan Investment Advisers Association
ORGANIZATIONDeutsche Bank Securities Inc.
ORGANIZATION