rest rates or other revenues, commodities. indices or parameters II Yes Units ar shares in undertakings for collective investments (in particular UCITS. AIF, other forms of mutual or alternative investment funds) unless the acquisition of units or shares is closely related to client-related manage

on. * Portfolio Concentration; Volatility - Many Hedge Funds may have a more concentrated or less diversified portfolio than an average mutual fund, UCITS, or other authorized collective investment scheme. Fa example, a mutual fund or other authorized collective 1-westment scheme may have 100 to 200 po

1/1 15 MLIS THEOREMA EUROPEAN EQUIT 22 ORTUS FUND (CAYMAN) LTD 42 MADISON STREET FUND L.P. 27 KINSALE COMPASS FUND 24 MLIS YORK EVEN DRIVEN UCITS 31 OWL CREEK OVERSEAS FUND. LTD 32 MADRAGUE EQUITY LONG SHORT 22 KL Special Opportunities FUND 31 MLM MACRO PEAK PARTNERS OFFSH 40 OWS CRED

ing investment marketing services to the investor. STRICTLY CONFIDENTIAL 72 EFTA00586928 Italy Notice to Investors in Italy The Fund is not a UCITS fimd. The offering of interests in the Fund in Italy has not been nor will it be authorized by the Bank of Italy and the Conunissione Nazionak per l

m to minimum holding periods: or — to conform to other restrictions designed to provide risk diversification. If Yes II Yes Is the counterparty a UCITS fund? (see prospectus or fund registration) Is the counterparty a German closed-end Alf? (Note: A closedend All, is a German AIF that does not repu

ance undertaking authorised in accordance with Directive 2002/83/EC, a reinsurance undertaking authorised in accordance with Directive 2005/68/EC, a UCITS and, where relevant Its management company, authorised In accordance with Directive 2009/65/EC, an institution for occupational retirement provisio

ance undertaking authorised in accordance with Directive 2002/83/EC, a reinsurance undertaking authorised in accordance with Directive 2005/68/EC, a UCITS and, where relevant, its management company, authorised in accordance with Directive 2009/65/EC, an institution for occupational retirement provisi

investors including credit institutions, authorised alternative investment fund managers, investment firms, insurance and reinsurance undertakings, UCITS funds and institutions for occupational retirement provision. Amongst other things, such requirements restrict a relevant investor from investing in

2018, EEA client declaration form must be signature verified. 54. EEA Client Procedure— UCITS Account Opening Team Controls : Introduction - The UCITS IV Directive introduces the KIID (Key Investor Information Document) designed as a concise delivering critical information about the fund. It must

ility to market Interests to EU Investors. The AIFM Directive will apply in relation to any investment fund other than a fund authorized under the UCITS Directive (an "AIF'), including hedge funds, private equity funds, commodity funds, real estate funds, and infrastructure funds, and will apply to m

y services for funds and for private equity primaries and secondaries • Structuring an extensive range of innovative, customised products such as UCITS, ETFs, fund-linked derivatives, retirement solutions, structured financing and solutions for regulatory capital efficiency • A dedicated trading

ive Icelandic investors should consult with their own tax advisors as to the tax consequences of an investment in the Fund. ITALY The Fund is not a UCITS fund. The offering of interests in the Fund in Italy has not been nor will it be authorized by the Bank of Italy and the Commissione Nazionale per la