Introduction and Suitability

This Website and its contents have been approved by Horizon (GP) Limited (Horizon) which is Authorised and Regulated by the Financial Conduct Authority (FRN 739413). The information contained in this website relates to both regulated investment, as well as investment funds which are not recognised collective investment schemes for the purposes of the Financial Conduct and Markets Act 2000 of the United Kingdom (the "Act"). The promotion of the unregulated funds to, and access to this website by, persons in the United Kingdom is accordingly restricted by law to persons falling within the following definitions:

i. investment professionals having professional experience of participating in unregulated collective investment schemes.

ii. high net worth bodies, unincorporated associations, Charities qualifying under section24 of the Charities Act 1993 and endowments.

iii. market counterparties or professional investors.

By accessing this website beyond this point you confirm your status as a professional client or eligible counterparty (as defined in the handbook of rules and guidance issued from time to time by the FCA (the “FCA Rules”) and you warrant as such. Accordingly, the protections afforded to retail clients under the FCA Rules may not be available to you if you become a client of Horizon. You are not entitled to sue Horizon under sections 71 or 150 ('actions for damages') of the United Kingdom Financial Conduct and Markets Act 2000. Please consult your legal adviser or visit the FCA website for further information. Prospective investors should note that investing with Horizon carries a degree of risk and, if you choose to invest in any fund described or referred to in this website, you may therefore lose some or all of any amount that you choose to invest.

Warranty

This Website and the information contained in it constitutes a financial promotion for the purposes of the Act and FCA Rules. Investment information provided in this website is believed to be accurate at the date first published and no warranty is given. It may be changed without notice. Any research or analysis used in this website has been procured by Horizon for its own use and may have been acted upon for Horizon’s own purposes. Horizon reserves the right to grant access or revoke the authority to access, use or reproduce the contents of the Horizon internet site at its absolute discretion. While reasonable care is taken to ensure the accuracy, security and confidentiality of information available through the Horizon internet site, Horizon does not accept responsibility for any consequence of any use of the Horizon internet site by any user, authorised or unauthorised. This website provides an indication of the investment strategy and key terms of the Fund. It must not be construed as investment advice.

Limitation of Liability

Under no circumstances will Horizon be held liable for any damages, including, without limitation, direct or indirect, special or incidental losses or expenses arising in connection with the website or use thereof or the inability by any party to use such website, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Horizon, or representatives thereof, are advised of the possibility of such damages, losses or expenses.

Law and Variation

This website is established in England by Horizon in accordance with and shall be governed by, and your browsing in and use of this website shall be deemed acceptance of the laws of England and Wales. A condition of using this website is that in the event of any dispute or proceeding you irrevocably submit to the exclusive jurisdiction of the English Courts and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

Stewardship Code

Rule 2.2.3 of the FCA’s Conduct of Business Sourcebook requires Horizon (GP) Limited to make a disclosure on its website about the nature of its commitment to the UK Financial Reporting Council’s Stewardship Code (the “Code”) or where the firm does not commit to the Code, its alternative investment strategy. The Code is voluntary and sets out a number of principles relating to engagement by investors with UK equity issuers. The firm pursues a range of investment strategies for its clients. These strategies do not involve investment in any UK listed equities. Therefore, whilst the firm is supportive of the objectives that underlie the Code, the investments the firm makes on behalf of its professional clients who are not natural persons are not subject to the UK Corporate Governance Code and the associated Stewardship Code.