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This material is provided for information purposes only and is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Information has been obtained from sources believed to be reliable, but Novatera Capital Pte Ltd and its affiliates, their employees and directors (collectively "Novatera") do not warrant as to its completeness or accuracy. Opinions and estimates constitute the judgment of Novatera as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. Investment in the proposed fund(s) (the “Fund”) involves special considerations and risks and references should be made to the Fund's information memorandum before making any investment decision. An investment in the Fund is only suitable for sophisticated investors who fully understand and are capable of assessing the risk of an investment in the fund. There can be no assurance that the Fund's investment objectives will be achieved. The Fund is yet to be formed and Novatera Capital Pte Ltd and its principals make no representation or warranty that the Fund will be formed or as to the final investment objectives of the Fund. This document is intended for use by the reader only and may not be published, in whole or in part, or reproduced, copied, redistributed, forwarded, e-mailed or passed on to any other person.