Disclaimer – please read carefully

Important Information

Please carefully read this important information before entering this Webpage. It contains legal and regulatory notices relevant to the information contained on this Webpage and the related webpages to which it provides links.

By accessing this webpage and the products, services, information, tools, links to related webpages and materials that it contains, describes or provides further links to, you acknowledge that you have understood and accept the following terms and conditions of use. The aim of the webpage www.marriott.co.za/offshore-unit-trusts (the "Webpage") is intended solely to provide information about the business of "Marriott International Funds Plc" (as this term is defined below under "Governing Law").

Marriott International Funds Plc is a regulated scheme. Access to this Webpage is restricted to retail and/or professional investors accepting this disclaimer and related risks of investments in such regulated schemes. You should not rely solely on the information contained on the Webpage and the related webpages to which it provides links.

Information on This Webpage

Marriott Asset Management (Pty) Ltd operates and is responsible for this Webpage, subject to these Terms and Conditions.

No Advice

The information and material contained on this Webpage is not financial advice. The material contained in this Webpage is directed only at persons or entities in any jurisdiction or country where such access to information contained herein and use thereof is not contrary to local law or regulation. Accordingly, all persons who access this Webpage are required to inform themselves of and to comply with any such restrictions.

No Offer Or Solicitation

This Webpage is for information purposes only. Nothing contained therein constitutes or shall be deemed to constitute a financial, legal, tax or other advice of any kind and no information on the Webpage shall constitute or deem to constitute a solicitation or an offer to purchase, or invest in, any financial products which are referred to on the Webpage.

If, in spite of the above, you were to take or consider taking an investment decision based on the information contained on the Webpage, then you expressly acknowledge and/or agree:

• that you must be, as the case may be, an investor who is legally or otherwise duly authorised to seek information about the funds referred to or described on the Webpage;
• that no investment decision shall be made solely on the basis of the information provided on the Webpage;
• that investment in any of the funds referred to on the Webpage can only be made after careful review, as the case may be with the assistance of a financial advisor, of the corresponding funds' or sub-funds' relevant documentation;
• that careful attention should in particular be given to, as the case may be, the articles of incorporation or management regulations, prospectus, key investor information document (the "KIID"), latest available annual and semi-annual reports, as applicable, and of the specific risks exposed in such documents; and
• that all investments involve risks and that it is your responsibility to collect relevant information about the risks inherent to any investment;
• that the value of investments and the income from them may go down as well as up and that you may not get back the amount originally invested;
• that past performance is not indicative of future performance, hence that any past performance figures shown are not indicative of future performance; and
• that the risk warnings only describe some of the risks that are inherent to the purchase of any of the funds or sub-funds described on the Webpage

Risks of Investing

Investing entails risks, including possible loss of principal. No representation is being made that any investment or transaction will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. No assurances or guarantees are given regarding the performance of any investment.

Past performance may not be repeated and should not be seen as a guide to future performance. The value of investments and the income from them may go down as well as up and investors may not get back the amount originally invested. Exchange rates may cause the value of overseas investments and the income arising from them to rise or fall. The levels and bases of and reliefs from taxation may change. Any tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Investors should consult their own tax adviser in order to understand any applicable tax consequences.

Materials relating to the investments mentioned on this Webpage should be read in conjunction with a prospectus and key investor information document (available through this Webpage) that describes charges, expenses, and risks. Read it carefully before any investment.

Marketing

The distribution of the information on this Webpage may be restricted by law in certain countries. The jurisdictions where distribution of the information will be indicated on the relevant web page. This Webpage and the information on it is not addressed to any person resident in the territory or country or jurisdiction where such distribution would be contrary to local law or regulation. Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd (the Fund's distributor) disclaims all responsibility if you access or download any information from this Webpage in breach of any law or regulation in the country of which you are a citizen or in which you are residing or domiciled.

Marriott Asset Management (Pty) Ltd's distribution activities are limited to investors domiciled in South Africa.

Accuracy of Information

The information contained on this Webpage (including any expression of opinion or forecast) has been obtained from, or is based on, sources believed by Marriott International Funds Plc and/or Marriott Asset Management (Pty) Ltd and its associated companies to be reliable, but are not guaranteed as to its accuracy or completeness. Such information is provided without obligation and on the understanding that any person who acts upon it or changes his investment position in reliance on it does so entirely at one's own risk. The information contained on this Webpage does not constitute an offer to buy or sell or an invitation to make an offer to buy or sell shares in any investment fund referred to herein. Information posted on this Webpage is current only as at the date it is first posted and may no longer be true or complete when viewed by you. All information contained on this Webpage may be changed or amended without prior notice although neither Marriott International Funds Plc, Marriott Asset Management (Pty) Ltd nor any of their associated companies undertake to update this Webpage regularly.

No Liability

The information contained in this Webpage have been compiled, or arrived at, in good faith and on the basis of publicly available information, internally developed data and sources and is believed to be reliable as at the date of publication. However, no representation, warranty or undertaking, express or implied, is made by Marriott International Funds Plc, Marriott Asset Management (Pty) Ltd, their associated companies or any other person as to the reliability, accuracy or completeness of the information contained on this Webpage and no liability is accepted by such persons for the reliability, accuracy, fairness, or completeness of such information.

Information posted on this Webpage is current only as at the date it is posted and may no longer be true or complete when viewed by you. Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd cannot guarantee that content will be accurate, complete and current at all times. To the extent that any information on this Webpage relates to a third party, such information has been provided by that third party and is the sole responsibility of such third party and Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd accept no liability for such information. All content on the Webpage is subject to modification from time to time without notice. Please contact Marriott Asset Management (Pty) Ltd for further information regarding the validity of any information contained on this Webpage.

Subject to the above paragraph, marriott international funds plc and marriott asset management (pty) ltd hereby excludes all liability for any direct, indirect, special, or consequential loss or damage (in each case including but not limited to: business interruption, loss of profits, loss of revenue, loss of anticipated savings and/or loss of goodwill) arising from, or in connection

• The accessing or use of, or the inability to access or use, this webpage; or
• Any decisions you make based on the information, opinions, estimates, and content made available to you through this webpage; or
• Any websites accessed via or advertised on thiswebpage,

Whether or not such loss is reasonably foreseeable as at the date you access this webpage or marriott international funds plc or marriott asset management (pty) ltd has been advised of the possibility of you incurring such loss or damage, and whether occasioned by the negligence of marriott international funds plc, marriott asset management (pty) ltd or their employees, agents, or sub-contractors.

Indemnity

You agree to indemnify, defend, and hold harmless Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd, their affiliates and licensors, and the officers, directors, employees, and agents of Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd and its affiliates and licensors, from and against any and all claims, liabilities, damages, losses, or expenses, including legal fees and costs, arising out of or in any way connected with your access to or use of this Webpage.

Material Interests

Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd , their associated companies and their and their members and/or directors, officers and/or employees may have holdings in the investment funds referred to on this Webpage and may otherwise be interested in transactions that you effect in those funds.

Termination of Access

The rights granted to you herein terminate immediately upon any violation by you of these terms of use. Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd reserves the right to terminate your access to this Webpage at any time, without notice, for any reason whatsoever. You agree that Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd shall not be liable to you or any third party for any termination of your access to this Webpage.

Governing Law

Your use of this Webpage, the related webpages to which it provides links, the downloads from it and the operation of these Terms and Conditions shall be governed by and interpreted in accordance with the laws of South Africa. The South African Courts shall have exclusive jurisdiction over any dispute arising out of your use of this Webpage, except as may be otherwise expressly disclosed and/or specified within a downloaded document or the governing contract thereof.

If any provision in these Terms and Conditions is deemed unlawful, invalid, or for any reason unenforceable, then that provision will be deemed severed from, and will not affect the validity and enforceability of, the remaining provisions.

These Terms and Conditions represent the entire agreement between Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd and the user relating to the subject matter herein.

Copyright

Any reproduction or representation, in whole or in part, of these pages, data and any other element making up the site, by whatever process or tool, is forbidden and subject to the express permission of Marriott International Funds Plc and Marriott Asset Management (Pty) Ltd. Failure to do so shall be considered as an infringement of copyright.

Conditions of Use

If you have read and understood these conditions of use, you may click the "ACCEPT" button below to proceed. By doing so you acknowledge that you understand the conditions of use and agreed to abide by them.

By clicking "ACCEPT" below this will certify that you have read the above Terms and Conditions and that you understand and agree that:

• Nothing contained on this Webpage is deemed to be an offer to sell;
• Investments are subject to risk and can gain or lose money; and
• Some or all investment services or products may not be available to you in your jurisdiction.