Please carefully read this important information before entering this website. It contains legal and regulatory notices relevant to the information contained on this website and explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorised for sale. By proceeding please note that we will be treating you as having agreed to be bound by our terms and conditions. If you do not accept these terms and conditions, please do not continue to use or access any pages of this website. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction.

The information within this website is issued by CIM Investment Management Limited ('CIM') which is incorporated in England with company registration number 05617194. CIM's registered office is at 3 Yeoman's Row, London, SW3 2AL.

The information contained in this website is intended for:

(i) persons to whom CIM may promote unregulated investment schemes under (a) the Financial Services and Markets Act (Promotion of Collective Investment Schemes) (Exemptions) Order 2001; (b) COBS 4.12 of the Financial Services Authority Handbook; and

(ii) only to persons located in a jurisdiction where the funds referred to herein are registered or approved for marketing and/or sale or in which the dissemination of information on the funds or services is permitted under applicable law or regulations and would not subject CIM to any registration or licencing requirements in such jurisdiction ("Qualified Investors").

It is for information purposes only and does not constitute an offer by CIM to enter into any contract/agreement nor is it a solicitation to buy or sell any investment. The information below explains the legal and regulatory restrictions in relation to accessing the CIM website. Please read it carefully. If you accept the terms below and wish to enter the website this page constitutes a binding legal agreement.

This page is designed to filter out unsuitable categories of investor from accessing the website and as such CIM cannot be responsible for any misrepresentations you may make in gaining unauthorised access to the website.

These Terms may be amended without notice to you. Your continued use of the website following any changes will constitute acceptance of such changes.

Regulatory Disclosures

CIM is authorised and regulated by the UK Financial Conduct Authority (FCA Firm Reference Number 443440). Most if not all of the protections provided by the United Kingdom regulatory structure including access to the Financial Services Compensation Scheme and the Financial Ombudsman Service will not apply to investments in the funds detailed within this website. CIM Dividend Income Fund Limited, CIM Dividend Income Holdings Fund Limited and, CIM Discovery Fund Limited are unregulated collective investment schemes which are not recognised schemes under s.264 of the Financial Services and Markets Act 2000. However, these funds are registered with the Financial Conduct Authority in the UK and are therefore available to professional investors based in the UK.

No information on this website has been included with regard to any individual's circumstances, objectives, or needs and each individual must make his own independent decisions regarding any investment decisions in relation to the funds detailed within this website. Potential investors should not rely on any of the content of this website in making any investment decision. Potential investors should read the relevant offering materials of the funds carefully before any investment decision is made.

Before taking any investment decision , each individual is urged to consider the suitability of the transaction to his particular circumstances and to review independently, with professional advisors as necessary, the specific risks incurred, in particular the financial, regulatory, and tax aspects. Capital Requirements Directive ("CRD") - Pillar 3 Disclosures

The Pillar 3 disclosures of CIM as required by the FSA Prudential Sourcebook for Banks, Building Societies and Investment Firms (BIPRU) Chapter 11 - Disclosure (Pillar 3) have been provided in the annual report of CIM.

Content of Website

By proceeding you agree, so far as this is permitted under the provisions of any applicable laws or regulations, to the exclusion by us of any liability, including without limitation that arising from any loss of profit or any other damage direct, indirect or consequential, in respect of any errors and/or omissions by CIM and/or any relevant third parties in respect of the content of this website. The contents of this website are based upon sources of information believed to be reliable, however, save to the extent required by applicable law or regulations, no guarantee, warranty or representation (express or implied) is given as to its accuracy, reliability or completeness and, CIM, its members, officers and employees do not accept any liability or responsibility in respect of the information or any views expressed herein.

This website may include forward-looking statements that are based upon our current opinions, expectations and projections. CIM undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. If you have accessed this website using a link from another website, CIM does not accept any liability or responsibility for the accuracy of information contained within the sites of other providers who have links to any pages of this website or to whom this website is linked.

Investment Risk

There are significant risks associated with investment in the funds outlined in the website. Investment in the unregulated schemes on this website is intended for sophisticated investors who can accept the risks associated with such an investment including a substantial or complete loss of their investment. Such schemes are permitted to and sometimes use gearing as an investment strategy. The effect of such gearing is that movements in the net asset value per share in the schemes will be more volatile than the movements in the prices of their underlying investments. Past performance is not a guide to future performance. The value of investments and any income derived from them can go down as well as up and the value of an investor's investment may be extremely volatile and be subject to sudden and substantial falls. The prices of commodities contracts and all derivatives instruments, including futures and options, are highly volatile. Certain investment positions may be illiquid. The Funds may invest in securities of financially troubled companies, illiquid over-the-counter securities and non-publicly traded securities. Investment in emerging market funds involves risk factors and special considerations which may not be typically associated with investing in more developed markets. Political or economic change and instability may be more likely to occur and have a greater effect on the economies and markets of emerging countries. Adverse government policies, taxation, restrictions on foreign investment and on currency convertibility and repatriation, currency fluctuations and other developments in the laws and regulations of emerging countries in which investment may be made, including expropriation, nationalisation or other confiscation could result in loss to the fund.

Income from investments may fluctuate. Changes in rates of exchange may have an adverse effect on the value, price or income of investments. You should be aware that investments in higher yielding bonds issued by borrowers with lower credit ratings may result in a greater risk of default and have a negative impact on income and capital value. Income payments may constitute a return of capital in whole or in part. Income may be achieved by foregoing future capital growth. Fund charges may be applied in whole or part to capital, which may result in capital erosion. The funds are not traded on an exchange or recognised market and in common with some of their investments may not be readily realisable. This factor can make it difficult to obtain independent verification of the investment value and the extent of the risks to which they are exposed. Investors should be fully aware of the restrictions on transfer of investments.

The foregoing list of risk factors is not complete and reference should be made to the relevant fund's offering memorandum.

Solicitation

The website does not constitute an offer by CIM to enter into any contract/ agreement nor is it a solicitation to buy or sell any investment. It should not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or not authorised. This UK website is not directed at or intended for distribution to any persons who are residents of any country, including the United States of America ("USA") and South Africa, where the funds referred to herein are not registered or approved for marketing and/or sale or in which the dissemination of information on the funds or services is contrary to applicable law or regulations or would subject CIM to any registration or licencing requirements in such jurisdiction. Persons who wish to access this website are required to inform themselves about and to observe any legal or regulatory restrictions which may affect their eligibility to access the website or to subscribe for interests in the funds. Any information on this website should not be distributed to any third party without the express approval of CIM.

United States of America

The provision of the information in this web website does not constitute an offer of securities to any person in the United States or to any U.S. Person as such term is defined under the Securities Act of 1933, as amended. The information contained in this website about CIM and/or any of its affiliates is not directed to any person in the United States. Funds referred to herein are neither registered under the Securities Act 1933 of the USA, nor are they registered under the Investment Company Act of 1940. Consequently, they cannot be offered for sale or be sold in the USA, its territories, possessions or protectorates under its jurisdiction, nor to nationals, citizens or residents in any of those areas.

Advice

No information contained in this website should be deemed to constitute the provision of financial, investment or other professional advice in any way.

Taxation

Investors should seek independent tax advice as taxation will depend on individual financial circumstances and the country of residence.

Ownership and Copyright

The copyright in the website and (unless otherwise indicated) its contents including all information, graphics, code, text and design are owned by CIM and should not be reproduced or distributed without permission.

CIM Privacy Policy

CIM and its affiliates are committed to protecting client privacy. We will endeavour to ensure that any personal data provided by you, either through a request for further information or registration, is kept secure against unauthorised access, loss, disclosure and destruction. Any such information is not gathered by us without users knowing, active permission and participation. We respect the privacy of users visiting our website and we do not share any personally identifiable information with any third parties.

Other than to its affiliate, Santa Lucia Asset Management Pte Ltd, CIM will not pass your information on to other product or service companies. However, your details will be used to respond to an enquiry or may be used by us to send you information on other products and services that we offer. If you prefer not to receive such information, please advise us.

The use of any personal information is covered by the Data Protection Act. Under the terms of that Act, you have the right to obtain a copy of the information we hold about you, upon payment of the appropriate fee.

Please note that messages sent via email may not be secure. We recommend that you do not send any confidential information to us via email. If you choose to do so, this is at your own risk with the prior knowledge that a third party may be able to intercept this.

Cookies Policy

Cookies are text files containing small amounts of information which are downloaded to your device when you visit a website. Cookies are then sent back to the originating Website on each subsequent visit, or to another website that recognises that cookie. Cookies are useful because they allow a Website to recognise a user's device.

Cookies do lots of different jobs, like letting you navigate between pages efficiently, remembering your preferences, and generally improve the user experience. With most internet browsers, you can erase cookies from your computer hard drive, block all cookies or receive a warning before a cookie is stored. If you want to know how to do this please look at the help menu on your web browser. However, please note that switching off or "opting out" of the use of cookies will mean that you may not be able to use certain features of our website. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies when you visit our website. Find out more about the use of cookies and how to switch off cookies on www.cookiecentral.com or www.aboutcookies.org or www.allaboutcookies.org.

The cookies used on this website can be categorised in the following ways.

Performance cookies

These cookies collect information about how visitors use a website, for instance which pages visitors go to most often, and if they get error messages from web pages. These cookies don't collect information that identifies a visitor. All information these cookies collect is anonymous and is only used to improve how a website works.

By using our website/online service, you agree that we can place these types of cookies on your device.

Functionality cookies

These cookies allow the website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. The information these cookies collect may be anonymous and they cannot track your browsing activity on other websites. By using our website/online service, you agree that we can place these types of cookies on your device.

Strictly necessary cookies

These cookies are essential in order to enable you to move around the website and use its features, such as accessing secure areas of the website. Without these cookies services you have asked for cannot be provided. These cookies don't gather information about you that could be used for marketing or remembering where you've been on the internet.

By using the website/online service, you agree that we can place these types of cookies on your device.

Viruses

CIM do not guarantee that the website will be secure or free from bugs or viruses.

You are responsible for configuring your information technology, computer programmes and platform in order to access the website. You should use your own virus protection software.

You must not misuse the website by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to the website, the server on which the website is stored or any server, computer or database connected to the website. You must not attack our site via a denial-of-service attack or a distributed denial-of service attack. By breaching this provision, you would commit a criminal offence under the Computer Misuse Act 1990. We will report any such breach to the relevant law enforcement authorities and we will co-operate with those authorities by disclosing your identity to them. In the event of such a breach, your right to use the website will cease immediately.

CIM will not be liable for any loss or damage caused by a virus, distributed denial-of-service attack, or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of the website or to your downloading of any content on it, or on any website linked to it.

Applicable Law

These terms and any dispute or claim arising out of or in connection with them or their subject matter shall be governed by and construed in accordance with English law.

The courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with these terms or their subject matter.

By proceeding you confirm:

- that if you are entering the website to view any area related to these unregulated schemes, you are a Qualifying Person and that you are not subject to any jurisdictional restrictions prohibiting access to information on unregulated collective investment schemes.

- that you have read and understood these terms and agree to be bound by them If you are unable to agree to the terms outlined above or you are resident in a jurisdiction (e.g. the United States) where access to the website and information contained therein is not permissible then please click on the I DISAGREE option below.