DISCLAIMER

CEREFunds and its affiliates (each of them and collectively "CEREFUNDS") provide private equity investment management services to private equity funds and/or companies. The information contained within this internet site (the "Site") refers to CEREFUNDS and related private equity funds and/or companies.

This Site is not, and under no circumstances to be construed as an advertisement or an offer to buy or sell securities of any type. Nothing in this Site should be construed as an offer or the solicitation of an offer to purchase or subscribe or sell any investment or to engage in any other transaction.

The information on this Site is provided for general informational purposes only and should not be considered an individualized recommendation or personalized investment, tax or legal advice.

Neither CEREFUNDS, nor any funds or companies related to CEREFUNDS, nor any of their partners, directors, agents or employees makes (or is authorised to make) any representation or warranty (expressed or implied) or shall have any responsibility or liability in respect of the information supplied or for the accuracy or completeness or for any other matter concerning CEREFUNDS, related funds and/or companies and no representation is made or is to be implied that the information will remain unchanged.

The information and services provided and described within this Site are not intended for distribution to, or use by any person or entity in any country or jurisdiction where such distribution, or use by any person or entity would be contrary to applicable laws or regulations or would subject CEREFUNDS to any registration requirement within such country or jurisdiction. Persons or entities in respect of whom such prohibitions apply must not access or use this Site.