LEGAL STATEMENT

The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction in which such distribution or offer is not authorized to any person. In particular, the information herein is not of distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States of America to or for the benefit of United States persons (being residents or citizens of the United States of America or partnerships or corporations organized under the laws of the United States of America or any state, territory or possession thereof).

The information herein is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United Kingdom or for the benefit of United Kingdom persons (being residents of the United Kingdom or partnerships or corporations organized under the laws of England, Wales, Northern Ireland or Scotland). By proceeding to access any prospectus or application form for the African Enterprise Funds, users are deemed to be representing and warranting that they are not United Kingdom persons and regulations of their relevant jurisdictions allow them to access such information.