Hedge Fund Questionnaire

Fund
1. What is the proposed name of Fund?

2. What are the names and addresses of the Directors of the Fund?

3. Please provide biographical details of the Directors of the Fund.

4. Is it expected that additional Directors of the Fund will be appointed after the Initial Offer Period?

5. Please provide details of the Fund's investment objective.

6. Please provide details of the Fund's investment strategy.

7. Interests in the Fund will be offered to investors in which countries?

8. In which markets will the Fund invest?

9. What percentage of the Fund's net asset value may be invested in a single company?

10. What percentage of a single company may the Fund hold?

11. What percentage of the Fund's net asset value may be invested in unlisted securities (excluding OTC securities).

12. Will the Fund use side pockets for illiquid investments (“designated investments”)?

13. What is the maximum percentage cash borrowing limit to fund investment, pay expenses and meet redemption requests?

14. What is the expected level of borrowing?

15. Will the Fund be permitted to short sell?

16. Where and how frequently will the NAV be published?

17. When will the Fund's first financial year end?

18. Participating shares issued to investors will have voting rights, but the right to appoint and remove directors of the Fund will be retained by the board and the holders of management shares - please confirm (or advise if another arrangement is required).

19. Is it possible that the Fund may in future be reorganised into a master-feeder structure?

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