not be available for each security, and only EWEBITDA numbers that Alkeon believes to be reasonable, between 0 and 100. were used in calculations. s MS Alkeon UCITS Fund was launched on July 22, 2011. Please note MS Akeon UCITS Fund is not available lo US investors. e Alkeon UCITS net exposure estimates are obtained

ot be available for each security, and only EV/EBITDA numbers that Alkeon believes to be reasonable, between 0 and 100. were used in calculations. s MS Alkeon UCITS Fund was launched on July 22, 2011. Please note MS Akeon UCITS Fund is not available to US investors. e Alkeon UCITS net exposure estimates are obtained