[ INGENIOUS INVESTMENTS]

Risk Warnings

Any decision in connection with an investment in the Fund should be made only on the basis of information contained in the relevant Information Memorandum and investor agreement. If you are in any doubt about the content of the Information Memorandum, the investor agreement and/or this website and/or any action you should take, you are strongly recommended to seek advice immediately from a financial adviser authorised under the Financial Services and Markets Act 2000 (FSMA) who specialises in advising on opportunities of this type.

Nothing on this website or in any document available on it constitutes investment, tax, legal or other advice by Ingenious Media Investments Limited (Ingenious Investments) or Ingenious Ventures (a trading name of Ingenious Capital Management Limited) and your attention is drawn to the section headed 'Risk Factors' in the Information Memorandum. An investment in the Fund will not be suitable for everyone.

Any references to tax laws or levels in the Information Memorandum or this website are subject to change. Investment in the Fund involves a high degree of risk. The level of returns and the availability and timing of relief for investors may be impacted by:

• Returns generated by the Investee Companies from their involvement on film productions
• An investor’s tax position and changes to legislation
• The availability of investment opportunities for the Fund’s manager and the EIS qualifying status of investments made by the Fund’s manager
• Tax rules, levels and regulations are subject to change and the availability of tax reliefs will depend upon individual circumstances Deployment is concentrated on films that have access to the distribution market via Pathé
• Counterparty credit risk on Pathé, to monetise the Fund’s future income after three years

Past performance is not a guide to future performance and may not be repeated. The value of an investment in the Fund can go down as well as up and you may not get back the full amount invested. You should consider an investment in the Fund as a medium term investment. Investments made by the Fund are likely to be illiquid.

Issued by Ingenious Investments, 15 Golden Square, London W1F 9JG, which is authorised and regulated by the Financial Services Authority.

The Fund is managed by Ingenious Ventures, a trading name of Ingenious Capital Management Limited, which is authorised and regulated by the Financial Services Authority.