Important Notice This material is provided to you for informational purposes only. This is neither an offer to sell nor a solicitation of any offer to buy any securities in any fund managed by 0ch-Ziff Capital Management Group LLC and its affiliates (the "Company"). Any offering is made only pursuant to the relevant offering documents and the relevant subscription application (collectively, the "Offering Documentsl, all of which must be read in their entirety. The information contained herein will be superseded by, and is qualified in its entirety by reference to, the Offering Documents, which will contain information about the investment objectives, terms and conditions of the Fund and will also contain tax information and risk disclosures that are important to any investment decision regarding the Fund. No offer to purchase securities will be made or accepted prior to receipt by the offeree of these documents and the completion of all appropriate documentation. This document is not an advertisement and is not intended for public use or distribution. The information contained herein should be treated in a confidential manner and may not be reproduced or used in whole or in part for any purpose, nor may it be disclosed, without prior written consent of the Company. Notwithstanding anything to the contrary herein, each investor (and each employee, representative, or other agent of each such investor} may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of 6) the Fund and nil any of its transactions, and all materials of any kind (including opinions or other tax analyses) that are provided to the investor relating to such tax treatment and tax structure. While hedge funds offer investors the potential for attractive returns and diversification, they pose greater risks than more traditional investments. Investors may lose all or a substantial portion of their investment. Investors should consider the risks