Disclaimer

Montreux Capital Management (UK) Ltd

The enclosed information is confidential and not to be reproduced or redistributed in whole or in part without prior written consent from Montreux Capital Management (UK). Nothing herein constitutes an offer to sell, or solicitation of an offer to purchase, any securities, nor does it constitute an endorsement with respect to any investment strategy or vehicle. Any offer of securities may be made only by means of a formal offering memorandum. Please read the relevant offering memorandum carefully before investing.  Due to, among other things, the volatile nature of the markets, investment in the Fund may only be suitable for certain investors. Past performance is not a guide to future performance. Parties should independently investigate any investment strategy or manager, and should consult with qualified investment, legal and tax professionals before making any investment. While the information contained on this website has been prepared in good faith, no representation, warranty, assurance or undertaking (express or implied) is or will be made, and no responsibility or liability is or will be accepted by Montreux Capital Management (UK), the funds or any of its Directors, partners, officers, affiliates or employees in relation to the adequacy, accuracy, completeness or reasonableness of such information. All and any such responsibility and liability is expressly disclaimed.

Montreux Capital Management (UK) is incorporated in England and Wales (registration number 09467365) with its registered office at Thameside House, Hurst Road, Hampton Court, KT8 9AY and it is authorised and regulated by the Financial Conduct Authority (FRN 714306).

The Montreux Healthcare Fund PLC

The Montreux Healthcare Fund PLC (Montreux) has been established in the Isle of Man as a multi-class qualifying fund under the Isle of Man Collective Investment Schemes (Qualifying Fund) Regulations 2010. Investments will be accepted solely on the basis of the information set out in the offering document and can only be accepted from persons who are “qualifying investors” as defined in the offering document. The price of any security may move up or down. If it moves down losses can be incurred, which in some circumstances may extend to the full amount of the investment. Past performance is not necessarily a guide to future performance.

Further information and a copy of the offering document, as well as the latest reports and accounts, can be obtained by contacting the Manager, Suntera Fund Services (IOM) Limited at montreux@suntera.com. The Manager and Registered Agent of Montreux is Suntera Fund Services (IOM) Limited, incorporated in the Isle of Man, Company Number 120288C and having its registered office at Clinch’s House, Lord Street, Douglas, Isle of Man IM99 1RZ. Suntera Fund Services (IOM) Limited is licensed by the Isle of Man Financial Services Authority.

This document has been prepared and issued by Montreux Capital Management (UK) and is being provided for information purposes only. It is not intended as an offer or solicitation to enter into any proposed transaction or investment. You should not construe the contents of this document as legal, tax, investment or other advice.

Any such offer or solicitation will be made to qualified investors only by means of a confidential private offering memorandum and related offering materials, and only in those jurisdictions where permitted by law. Such offer or solicitation may only be made by means of delivery of that document which contains important information (including investment objective, policies, risk factors, fees, tax implications, and accredited investor qualifications) relating to such investment product or fund.

This document has been prepared based upon information believed to be reliable. However, Montreux Capital Management (UK) does not warrant its completeness or accuracy and does not accept or assume any liability, responsibility or duty of care for any use of or reliance on this document.

Opportunities described within this document by Montreux Capital Management (UK) including those utilised for indicative, illustrative and other analytical purposes are based on opinions, estimates and assumptions made as of the date of this communication and are subject to change without notice. There is no guarantee that the investment objective of the opportunities described will be achieved. Moreover, the past performance should not be construed as an indicator of future performance.

Market analysis including indicative opportunities, projections, targeted returns, estimates and similar information, including all statements of opinion and/or belief contained in this document (collectively, “forward-looking information”), are subject to inherent uncertainties, contingencies and qualifications and are based on a number of assumptions.

You are cautioned that forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties that cannot be predicted or quantified. Consequently, the actual performance of the Company or any entity involved in the transactions may differ materially from that expressed or implied by such forward-looking information.

This document may contain information that is privileged and/or confidential. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution, or use of the information contained herein (including any reliance thereon) is strictly prohibited. If you received this document in error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format.

Montreux Capital Management (UK) is registered as a limited company in England and Wales, registered number 9467365. Montreux Capital Management (UK) is an Appointed Representative of Sapia Partners LLP, a firm authorised and regulated by the Financial Conduct Authority (FCA No. 550103).

The Montreux Healthcare Fund LTD

The Montreux Healthcare Fund Ltd (the Fund) has been incorporated on 3 October 2018 in the Cayman Islands on a class by class basis under the Companies Law as an exempted company with limited liability. Investments will be accepted solely based on the information set out in the offering document and can only be accepted from persons who are “qualifying investors” as defined in the offering document. The price of any security may move up or down. If it moves down losses can be incurred, which in some circumstances may extend to the full amount of the investment. Past performance is not necessarily a guide to future performance.

Further information and a copy of the offering document as well as the latest reports and accounts can be obtained by contacting the manager, Trident Trust Company (caymanfunds@ tridenttrust.com) The Manager and Registered Agent of Montreux is Trident Trust Company, incorporated in the Cayman Islands, and having its registered office at One Capital Place, PO Box 847, Grand Cayman, KY1-1103, Cayman Islands.

The Montreux Healthcare Fund US

The Montreux Healthcare Fund (US), LP (The Fund) has been organized on 21 May 2018 as a Delaware limited partnership to operate as a private investment partnership. Investments will be accepted solely based on the information set out in the offering document and can only be accepted from persons who are “eligible investors” as defined in the offering document. The price of any security may move up or down. If it moves down losses can be incurred, which in some circumstances may extend to the full amount of the investment. Past performance is not necessarily a guide to future performance.

Further information and a copy of the offering document as well as the latest reports and accounts can be obtained by contacting the administrator, Trident Trust Company (Cayman) Limited (caymanfunds@tridenttrust.com) incorporated in the Cayman Islands, and having its registered office at One Capital Place, PO Box 84 7, Grand Cayman, KY1-1103, Cayman Islands.

The Montreux Healthcare Fixed Yield Fund 

The Montreux Fixed Yield Fund (the Fund) is to be incorporated pending the authorisation of the fund offering document in the Cayman Islands on a class by class basis under the Companies Law as an exempted company with limited liability. Investments will be accepted solely based on the information set out in the offering document and can only be accepted from persons who are “qualifying investors” as defined in the offering document. The price of any security may move up or down. If it moves down losses can be incurred, which in some circumstances may extend to the full amount of the investment. Past performance is not necessarily a guide to future performance. Further information and a copy of the offering document as well as the latest reports and accounts can be obtained by contacting the manager, Trident Trust Company (caymanfunds@ tridenttrust.com) The Manager and Registered Agent of Montreux is Trident Trust Company, incorporated in the Cayman Islands, and having its registered office at One Capital Place, PO Box 847, Grand Cayman, KY1-1103, Cayman Island

This document has been prepared and issued by Montreux Capital Management Zug AG and is being provided for information purposes only. It is not intended as an offer or solicitation to enter into any proposed transaction or investment. You should not construe the contents of this document as legal, tax, investment or other advice. Any such offer or solicitation will be made to qualified investors only by means of a confidential private offering memorandum and related offering materials, and only in those jurisdictions where permitted by law. Such offer or solicitation may only be made by means of delivery of that document which contains important information (including investment objective, policies, risk factors, fees, tax implications, and accredited investor qualifications) relating to such investment product or fund.

This document has been prepared based upon information believed to be reliable. However, Montreux Capital Management Zug AG does not warrant its completeness or accuracy and does not accept or assume any liability, responsibility or duty of care for any use of or reliance on this document. Opportunities described within this document by Montreux Capital Management Zug AG including those utilised for indicative, illustrative and other analytical purposes are based on opinions, estimates and assumptions made as of the date of this communication and are subject to change without notice. There is no guarantee that the investment objective of the opportunities described will be achieved. Moreover, the past performance should not be construed as an indicator of future performance.

Market analysis including indicative opportunities, projections, targeted returns, estimates and similar information, including all statements of opinion and/or belief contained in this document (collectively, “forward-looking information”), are subject to inherent uncertainties, contingencies and qualifications and are based on a number of assumptions.

You are cautioned that forward-looking information is not a guarantee of future performance or results and involves risks and uncertainties that cannot be predicted or quantified. Consequently, the actual performance of the Company or any entity involved in the transactions may differ materially from that expressed or implied by such forward-looking information.

Montreux Capital Management Zug AG is registered in the canton of Zug, Switzerland, registered number: CHE-154.664.928.