Legal and regulatory information.

Disclaimer

Important information for readers.

This presentation does not constitute an offer to subscribe for ADM Capital funds or other investment opportunities. Any such investments are suitable only for institutional investors and financially sophisticated individuals who have taken appropriate professional advice and who have the financial ability to bear the risk involved. No representations or warranties are made as to the accuracy or the completeness of the information in this presentation and this presentation should not be relied upon for making any investment decision. Investments described herein will involve significant risk factors which will be set out in the offering documents for such investments and are not described in this document. Please refer to the final information memorandum for complete information. Investments are only suitable for sophisticated investors who are able to bear the risk of loss of their entire investment and who have sought professional advice concerning the possible tax consequences, legal requirements and foreign exchange and exchange control requirements relevant to the investment and relevant generally to the making of investments in emerging markets. Statements contained in this presentation regarding estimated unrealised values, realised values and internal rates of returns (IRR) include direct deal-related costs and hedging expenses, but do not include indirect costs or fees. Please note that the fund administrator is responsible for all final valuations of all of funds referred to in this document. Internal criteria have also been applied for selecting sector and strategy classifications and these may differ from classifications ascribed by other agencies. All numerical information presented in this document is based on ADM Capital's internal calculations only. This information has not been verified or audited by any independent third party. Information on realized investor rates of return or cash multiples is based on investment costs and month end cash flows received from the relevant investment (including direct costs and hedging, but not including indirect fees or fund expenses). Information on unrealised investor rates of return is based upon internal valuations and includes model-based extrapolations of future returns using estimates and assumptions which have not been verified and may not necessarily be reflective of the actual performance of these investments, nor does ADM Capital make any warranty or representation in connection thereto. ADM Capital does not accept any obligation to verify, correct, update or otherwise revise any projections or assumptions, including any revisions to reflect changes in economic conditions or other circumstances arising after the date hereof or to reflect the occurrence of unanticipated events, even if the underlying assumptions do not come to fruition. Prospective investors should note that the performance of any new investments or funds will be independent and separate from the results of previous investments or funds managed or advised by ADM Capital. General statistical information and economic data in this presentation has been obtained from, or is based upon, sources believed to be reliable but has not been independently verified and no guarantee, representation or warranty is made as to its accuracy or completeness. This document is for information purposes only and should not be construed as an offer, or solicitation of an offer, to buy. This document is exempt from the general restrictions in section 21 of the Financial Services and Markets Act 2000 (England) as it is aimed solely to persons to whom the document can legitimately be communicated. None of the funds referred to herein are authorised for public distribution in Hong Kong, the United States or the European Union. This document is strictly confidential and must not be copied or redistributed. The investments described herein have not been and will not be registered under the Financial Instruments and Exchange Law of Japan, as amended (the "FIEL"). No person is authorised to, directly or indirectly, make a secondary or public offering of any investments described herein within Japan or to, or for the benefit of, any resident of Japan (which term as used herein means any person resident in Japan, including any corporation or entity organised under the laws of Japan), except pursuant to an exemption from the registration requirements under the FIEL and otherwise in compliance with such law and any other applicable laws, regulations and ministerial guidelines of Japan.