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Capital Management Strictly Confidential Legal disclaimers For persons in Colombia. This marketing material does not constitute a public offer in the Republic of Colombia. It is being distributed under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws an
d (ix) complex tax structures and delays in distributing important tax information to investors. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, articles of association and audited financial statements can be
143 Henry Nicholas Strictly Confidential Legal disclaimers For persons in Colombia. This marketing material does not constitute a public offer in the Republic of Colombia. It is being distributed under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws an
d (ix) complex tax structures and delays in distributing important tax information to investors. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, articles of association and audited financial statements can be
Annandale Capital Strictly Confidential Legal disclaimers For persons in Colombia. This marketing material does not constitute a public offer in the Republic of Colombia. It is being distributed under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws an
d (ix) complex tax structures and delays in distributing important tax information to investors. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, articles of association and audited financial statements can be
Life Insurance Co Strictly Confidential Legal disclaimers For persons in Colombia. This marketing material does not constitute a public offer in the Republic of Colombia. It is being distributed under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws an
d (ix) complex tax structures and delays in distributing important tax information to investors. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, articles of association and audited financial statements can be
t advisory or investment management services. For persons in Colombia. This marketing material does not constitute a EFTA01398267 public offer in the Republic of Colombia. It is being distributed under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws and
and (ix) complex tax structures and delays in distributing important tax information to investors. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, articles of association and audited financial statements can b
t advisory or investment management services. For persons in Colombia. This marketing material does not constitute a EFTA01396907 public offer in the Republic of Colombia. It is being distributed under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws and
and (ix) complex tax structures and delays in distributing important tax information to investors. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, articles of association and audited financial statements can b
t advisory or investment management services. For persons in Colombia. This marketing material does not constitute a EFTA01397580 public offer in the Republic of Colombia. It is being distributed under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws and
and (ix) complex tax structures and delays in distributing important tax information to investors. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, articles of association and audited financial statements can b
t advisory or investment management services. For persons in Colombia. This marketing material does not constitute a EFTA01396230 public offer in the Republic of Colombia. It is being distributed under circumstances which do not constitute a public offering of securities under applicable Colombian securities laws and
and (ix) complex tax structures and delays in distributing important tax information to investors. The representative of the Fund in Switzerland is Hugo Fund Services SA, 6 Cours de Rive, CH-1204 Geneva (the "Representative"). The offering documents, articles of association and audited financial statements can b
Entities connected to both the Republic of Colombia and Hugo Fund Services

Geneva
LOCATION
Columbia University
LOCATIONGlendower
LOCATIONDarussalam
LOCATION
the Cayman Islands
LOCATIONSt. Kitts
LOCATIONNevis
LOCATIONthe Securities Commission
ORGANIZATIONthe Qatar Central Bank
ORGANIZATIONGuernsey
LOCATIONthe Capital Market Authority
ORGANIZATIONBanque Cantonale de Geneve
ORGANIZATIONthe Guernsey Financial Services Commission
ORGANIZATION
Chile
LOCATION
Haiti
LOCATION
Prince Charles
PERSONAIFMD
ORGANIZATIONthe Monetary Authority of Singapore
ORGANIZATIONAdam Graev
PERSONCarlo Pirzio-Biroli
PERSON