Glendower Capital SO( IV, L Legal disdakners for persons In Casaba Thic rratkettng material does not constitute a public offer in the Repirldfic of Columba; it is being distributed under orcurnsuoitec wh:di yo,-A constitute a petsho of ferhig securities wider applicable Colombran securrtres Nees anti regulations. Neither the products. or the Management Company/Issuers hare aria will not be registerer, with the Soperinteriaence of finance of F.olonibia. Potential Colombian investors should rn:Jke their own cep:ion *Miler this frrancral protruct meets their investment retgeutrver am, tisk tolerance level Each potentral Colombian ire:es:tor should inake its own indultles and cOnSolt 4S Oval VC vii0IS i)! IC this financial product are: the Management COMpanyilssuers, inCluOing the Merit arid risks irreolv,41, and as to legal. tax aim feinted matter:: cancer-Sri; an ::vestment in the producas.This riMek fling material is mattered rr: Colombia or prow:eel to Cokerd...ian residents in conerhance with Cerree 2555 of 2010 and other applicable roles anti re.g.olations relater to the promotkun of foreign financial anellor Iteci.ritire: related products or cervIcre: In Colorthra. Accordingly, the radx,utts may only to proiresteri t4 Cokombran ere:Ili:huts In compliance with ceuree 2W' of 2010 are under at cant lane. es which do Mµ constitute a public of of securities 'mem applicable Colombian marketing roan: and genet al securities laws arid regulations For persona In France. This Presentation can only be communicated to Qualified irarestor: wither the meaning of the article 0411.1 a the Monetary finsfinancial ,:cr,..emorrer,oO, et FillOrWani tO professNmal clients are) eirgibte counterporties. For persons In Guernsey. This Presentation has rot been approve(' •:r attrikarired by lite Gt.ennii:ity Financial Services C.cnorriss4ps or the States of Guernsey Policy Comroil For Penn In Hatt Ths Pnejenntalit'4i 6 fee general informatiorat may/5es only. ?lathing in th