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Access to this site is restricted to Non-U.S. Persons outside the United States within the meaning of Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"). As defined in the Securities Act, the term "U.S Person" means: (1) any natural person resident in the United States; (2) any partnership or corporation organised or incorporated under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. person; (4) any trust of which any trustee is a U.S. person; (5) any agency or branch of a foreign entity located in the United States; (6) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organised, incorporated, or (if an individual) resident in the United States; and (8) any partnership or corporation if: (A) organised or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organised or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.

Each person accessing this site, by so doing, acknowledges that: (1) it is not a U.S. person (within the meaning of Regulation S under the Securities Act) and is located outside the U.S. (within the meaning of Regulation S under the Securities Act); and (2) any securities described herein (A) have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and (B) may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such securities.

Each person accessing this site, by so doing, acknowledges that in relation to persons in the United Kingdom, the information herein is directed only at persons who (i) fall within the classification or “professional investor” or “eligible counterparty” as outlined in the Financial Services Authority’s implementation of the MiFID Client Classification requirements, (ii) fall within the definition of “eligible investor” as defined in the various fund offering memorandums, prospectuses and subscription documentation, or (iii) are persons to whom this communication may otherwise lawfully be made (all of the persons in (i) to (iii) being together referred to as "relevant persons"). This communication must not be acted on or relied on by persons in the United Kingdom who are not relevant persons. Any investment or investment activity to which this communication relates is available in the United Kingdom only to relevant persons and will be engaged in only with relevant persons.

The information on this site is not and should not be construed as an offer, or a solicitation of an offer, to buy or sell any securities, funds or other financial instruments. Such offers and sales will be made only pursuant to the current prospectus for those securities, funds or other financial instruments, together with current financial statements (if available), a relevant subscription application and any other required documents, all of which must be read in their entirety. No action has been taken to permit a public offering in any jurisdiction where action would be required for that purpose. Each person accessing this site, by so doing, acknowledges that investment in any of the securities, funds or other financial instruments described herein may be restricted to qualified or experienced investors as defined in their relevant jurisdiction. This communication or the information herein must not be acted on or relied on by persons who are not such qualified or experienced investors as defined in their relevant jurisdiction. The information on this site is for information purposes only. Descriptions of any company or fund or their securities or the markets or developments mentioned herein are not intended to be complete. This document and/or information should not be regarded by recipients as a substitute for the exercise of their own judgment and has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. All information and opinions on this site are subject to change without notice, and Renaissance Capital Investment Management Limited and its subsidiaries or affiliated companies, as appropriate ("Renaissance Asset Managers") are under no obligation to update or keep current the information contained on this site and accept no liability in respect of the accuracy or completeness of any information herein. In considering the prior performance information contained herein, prospective investors should bear in mind that past performance is not necessarily indicative of future results, and that there can be no assurance that the comparable results will be achieved. Not all securities, services or products mentioned on this site can be available in any jurisdiction.

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