Epstein Secrets

on furnished to such prospective Investor. Any such question should be directed to: Mr. Alastair Tulloch Tulloch & Co. 4 Hill St. London WI15NE United Kingdom Tel: Fax: Email: STRICTLY CONFIDENTIAL 63 EFTA00586919 Appendix A — Certain Securities Law Matters for Investors Andorra Notice to Investors In

permitted in, or to any persons in, or from, the Dubai International Finance Centre. United Kin dem Notice to Investors in the United Kingdom In the United Kingdom this memorandum is issued by Digital Sky Finance LLP, acting as appointed representative of Ilutchinson Lilley Investments Limited, which is authori

ibe for interests or sale of interests in the Fund is valid or permitted in, or to any persons in, or from, the Dubai International Finance Centre. United Kin dem Notice to Investors in the United Kingdom In the United Kingdom this memorandum is issued by Digital Sky Finance LLP, acting as appointed representa

ISA"), the offering, sale and distribution of units in foreign collective investment schemes in or from Switzerland are subject to authorization by the Swiss Financial Market Supervisory Authority. The concept of "foreign collective investment schemes" covers, inter alia, foreign companies and similar schemes (including those created on the b

nt. United Kingdom Taxation of Validus Holdings and its Subsidiaries Certain of Validus Holdings' subsidiaries are incorporated and tax resident in the United Kingdom for United Kingdom corporation tax purposes. Such subsidiaries are subject to United Kingdom corporation tax on their worldwide profits, subject to

approved by any Swiss regulatory authority. In particular, this document will not be filed with, and the offer of shares will not be supervised by, the Swiss Financial Market Supervisory Authority ("FINMA"), and the offer of depositary shares has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes (

Notice to prospective Investors In the United Kingdom This document is only being distributed to and is only directed at (r) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, re

approved by any Swiss regulatory authority. In particular, this document will not be filed with, and the offer of shares will not be supervised by, the Swiss Financial Market Supervisory Authority FINMA, and the offer of shares has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes, or the CISA. Th

t (Hong Kong) Lkwited (for real estate securiles business): in Singapore. Deutsche Asset Management (Asia) Limited (Company Reg. No. 190701435N): in the United Kingdom. Deutsche Atternatree Asset Management (UK) Urrated. Deutsche Akernatme Asset Management rialobaa Linated and Deutsche Asset Managemere (UK) Limited

d qvaahed mnvestor watan the meaning of the Sawn Caliective Investment Schemes Act of Juno 23.'-2906 ("USA'). This document has not been approved by the Swiss Financial Market Supervisory Authority f•FINMAS under the Seise Cog:soave Invmdment Schemes Act of Am 2W6("CISA") The products contained at this pcosertalnin may not be registered with t

t (Hong Kong) Lkwited (for real estate securiles business): in Singapore. Deutsche Asset Management (Asia) Limited (Company Reg. No. 190701435N): in the United Kingdom. Deutsche Atternatree Asset Management (UK) Urrated. Deutsche Akernatme Asset Management rialobaa Linated and Deutsche Asset Managemere (UK) Limited

d qvaahed mnvestor watan the meaning of the Sawn Caliective Investment Schemes Act of Juno 23.'-2006 ("USA'). This document has not been approved by the Swiss Financial Market Supervisory Authority f•FINMAS under the Seise Cog:soave Invmdment Schemes Act of Am 2'L06 ("C The products contained at this pcosertalnin may not be registered with th

e CISA does not extend to acquirers of securities. United Kingdom This prospectus is only being distributed to, and is only directed at, persons in the United Kingdom that are qualified investors within the meaning of Article 2(1Xe) of the Prospectus Directive that are also (i) investment professionals falling wit

ved by any Swiss regulatory authority. In particular, this prospectus will not be filed with, and the offer of securities will not be supervised by, the Swiss Financial Market Supervisory Authority FINMA, and the offer of securities has not been and will not be authorized under the Swiss Federal Act on Collective Investment Schemes ("CISA"). Th

of interests in the Fund has been or will be rendered in, or to any persons in, or from, the Dubai International Finance Centre. UNITED KINGDOM In the United Kingdom, this Memorandum is being distributed only to and is directed only at (i) persons who have professional experience in matters relating to investments

and distribution to non-qualified investors of units in foreign collective investment schemes in or from Switzerland are subject to authorization by the Swiss Financial Market Supervisory Authority (“FINMA”) and, in addition, the distribution to certain qualified investors of interests in such collective investment schemes may be subject to the

wind levelized costs might be only 35% higher than onshore, but Japan has limited experience in both. What may be more relevant is the experience of the United Kingdom. In a recent auction run by Ofgem (Britain’s electricity and gas market regulator), participants were asked to bid on a contract to build connections

egulated by the French banking authorities Autorité de Contr6le Prudentiel and Autorité des Marchés Financiers; J.P. Morgan (Suisse) SA, regulated by the Swiss Financial Market Supervisory Authority; JPMCB Bahrain branch, licensed as a conventional wholesale bank by the Central Bank of Bahrain (for professional clients only); JPMCB Dubai branch,