DIVA SYNERGY LIMITED - Bernheim, Dreyfus & Co.

DIVA SYNERGY LIMITEDOFFERING SUMMARYThe information on the Fund set out below should be read in conjunction with the fulltext of this document from which it is derived: -• Investment Objectives:The Investment objective of the Diva Synergy Fund Limited is long-term capital appreciation.The underlying investment objective of the Fund is to achieve regular capital appreciation of15% p.a. with limited volatility.The Fund is designed to provide consistent returns in whether bear or bull markets with acontinuous aversion to risk and a strict money management discipline in order to preservecapital and realized profits. There can be no assurance that the fund objective will be achieved.• Investment Strategy:The Fund will follow a "global event driven and special situations" investment strategy. Thetwo main focuses of this strategy will be as follows:(a) to identify, analyze and invest on a OECD geographical basis in the equity ofcompanies, which are listed on regulated markets, that are the subject of tenderoffers, merger proposals, recapitalization, restructuring, leveraged buyouts, spinoffs,or other corporate reorganizations. In general, investments will be limited toannounced deals unless the investment manager believes that there are strategicreasons for making a specific investment. Merger arbitrage investments aregenerally short term, reaching a conclusion within a few months. Market relatedrisk is reduced with the main risk being specific to the particular deal. Mergerarbitrage investments will be made primarily but not exclusively in the stockmarkets of developed economies where a regulatory framework for takeovers isalready well established.(b) to identify, analyze and invest in stocks and bonds issued by companies andGovernments of OECD markets which the manager believes to be excessivelyundervalued due to specific, quantifiable external events unrelated to thefundamental merits of the particular security.However, the Investment Manager may from time to time at its sole discretion vary theinvestment approach in response to changing market conditions and as opportunities becomeavailable. The Fund may also engage in the sale and purchase of futures contracts and options inrespect thereof for hedging purposes only.• Minimum Subscription:The minimum initial subscription to the Class ‘A’ Shares of Fund is the €uro equivalent ofUS$ 100,000.• Valuation Period:The valuation period for the Fund will be monthly, on the last business day of each calendarmonth (the “Valuation Day’), unless such a day is a public holiday in the United States ofAmerica, in which case the determination will be made on the nearest preceding day that is nota holidayDIVA SYNERGY – CLASS A (€uro)8