A. TERMS OF USE FOR THE GENERAL DOUGHTY HANSON SITE

PLEASE READ THE FOLLOWING TERMS AND CONDITIONS CAREFULLY. THEY GOVERN YOUR USE OF THIS SITE. BY USING THIS SITE, YOU AGREE TO BE BOUND BY THESE TERMS AND CONDITIONS AS THEY MAY BE MODIFIED FROM TIME TO TIME AND POSTED ON THIS SITE.

ABOUT DOUGHTY HANSON
1. References to “Doughty Hanson & Co” or “Doughty Hanson & Co Group” in this Site are to the group of companies comprising Doughty Hanson & Co Limited and its subsidiaries. Doughty Hanson & Co Limited, Doughty Hanson & Co Managers Limited, (the issuer of the information on this Site), Doughty Hanson & Co Real Estate Limited and Doughty Hanson & Co Technology Limited are regulated by The Financial Services Authority (the “FSA”). These companies are registered in England with their registered offices at 45 Pall Mall, London SW1Y 5JG. “Doughty Hanson & Co Funds” means any investment fund or funds established, managed or operated by Doughty Hanson & Co from time to time.

USE OF THIS SITE.
2. This Site may be accessed and used only for lawful purposes and for your personal or internal business use. If you use or access this Site other than in accordance with these Terms of Use, this could be a criminal offence under the Computer Misuse Act 1990.

3. We cannot guarantee that this Site and its document delivery system will operate in accordance with your expectations or will be error free. If you are aware of any error on this Site please contact us by email at www.doughtyhanson.com and we will endeavour to correct it.

4. It is our policy to virus check documents and files before they are posted on this Site. However, we cannot guarantee that documents or files downloaded from this Site will be free from viruses and we do not accept any responsibility for any damage or loss caused by any virus. Accordingly, for your own protection, you must use virus-checking software when using this Site. You must not post or provide to us via this Site, any document or file which you believe may contain a virus. You must virus check any document or file which you intend to post or provide to us via this Site.

5. By accessing this Site, you agree that you will access its contents solely for your own use. You may print out a single hard copy of any part of the content of this Site (other than documents, files or other information contained in any password-protected parts of this Site (“Restricted Access Areas”) which are subject to particular terms set out under the Restricted Access Areas) for your use in accordance with these terms and conditions.

6. Except as expressly permitted by applicable law, you may not (except to the extent required in order to use this Site in accordance with these terms and conditions) copy, store in any medium (including in any other Site), distribute, transmit, re-transmit, broadcast, modify, or show in public any part of this Site or systematically extract material from this Site or any document available through it or in any other way exploit commercially all or any part of this Site or any document available through it without the prior written permission of Doughty Hanson.

7. Neither you nor any third party shall link into the Site without the express consent of Doughty Hanson & Co Managers Limited.

8. We may collection information about your computer, including where available your IP address, operating system and browser type, for system administration. This is statistical data about our users’ browsing actions and patters, and does not identify any individual. This information is collected for our internal purposes only and shall not be disclosed to any other organisation except as required by law. We may use “cookies” to collect this information and track your use of the website. For more information about “cookies”, please see the Interactive Advertising Bureau’s website: http://www.allaboutcookies.org. If you do not agree you can choose to not receive a cookie file by enabling your web browser to refuse cookies or to prompt you before you accept a cookie.

Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies when you log on to our site.

REGULATORY RESTRICTIONS
9. The Restricted Access Areas are password protected for reasons of confidentiality. You should also note that those parts of the Site that are password protected are only directed at persons who are permitted to invest in unregulated collective investment schemes (for example, large companies and institutions, and other sophisticated investors who have sufficient experience and understanding of these types of investment). Without prejudice to clause 10 below, if you do not fall into these categories, you should not rely on the information on these parts of the Site, and you will not be permitted to invest in any of the Doughty Hanson & Co Funds. We will need to be satisfied, before permitting any person to invest in any of the Doughty Hanson & Co Funds, that we are able to do so in accordance with applicable law and regulations.

LIMITATIONS OF LIABILITY
10. The information, data and graphics (“Material”) on this Site are provided as general information relating to Doughty Hanson & Co Funds and Doughty Hanson & Co without any warranty of any kind, express or implied, and are not nor should they be considered to constitute legal, tax, credit, financial or other professional advice. By making this Material available to you, Doughty Hanson & Co is not advising you or making any recommendation with respect to any of the Doughty Hanson & Co Funds and shall not be liable under any circumstances for any loss or damage of any kind including, without limitation, any direct, special, indirect or consequential loss or damage, arising out of or in connection with the access to, use of, performance of, browsing in, or linking to or from, these pages or other pages of this Site, or from any reliance that may be placed by any person who is using this Site on any information of whatever nature which may be made available to that person as a result of using this Site. No representation is made that this Material is up-to-date, accurate, complete or reliable. Material may not have been updated since its original publication date and may not reflect current circumstances. No assurance is given as to the continued availability of this Site or its contents.

11. The Site may contain links to third parties' Sites. These links are provided only for your convenience. We do not endorse or warrant the accuracy, completeness or any other aspect of these third party Sites or the content or services provided thereon. You assume all risk of any decision to access any such Sites or to use or rely on any such content or services. Doughty Hanson & Co has no control over any such other Sites or their contents and will have no liability arising out of or related to such Sites or their contents.

12. If you are accessing this Site in the course of a business the express provisions of these terms are in place of all warranties, conditions, terms, undertakings and obligations implied by statute, common law, custom, trade usage, course of dealing or otherwise, all of which are excluded to the fullest extent permitted by law.

13. Nothing in these terms and conditions excludes or limits our liability to you under the FSA's Rules, or where this would otherwise be prohibited by law.

INTELLECTUAL PROPERTY RIGHTS
14. Except as indicated in this Site, we or our licensors own all rights to the content of the Site and all Materials which are protected by domestic and international intellectual property laws including, but not limited to, copyright, database rights, design, patent, trade mark and trade secret laws. Your right to use the content is strictly limited to use in connection with your authorised use of the Site as permitted hereunder. The content may not otherwise be reproduced, distributed, transmitted to any person or incorporated in any way into another document or material without our prior permission. Doughty Hanson & Co is the registered trademark of Doughty Hanson & Co Limited.

GENERAL
15. If any of these terms and conditions is or becomes illegal, invalid or unenforceable in any jurisdiction, that shall not affect:

(a) the legality, validity or enforceability in that jurisdiction of any other term or condition;

or
b) the legality, validity or enforceability in other jurisdictions of that or any other term or condition. 16. A person who is not a party to these terms and conditions may not enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999. 17 These Terms of Use are governed by the laws of England.

16. A person who is not a party to these terms and conditions may not enforce any of its terms under the Contracts (Rights of Third Parties) Act 1999.

17. These Terms of Use are governed by the laws of England.