Circular and Notice of Extraordinary General Meeting - The Ottoman ...

Regulatory requirements which may be deemed necessary for the protection of
retail or inexperienced investors, do not apply to listed funds. By investing in this
fund you will be deemed to be acknowledging that you are a professional or
experienced investor, or have taken appropriate professional advice, and accept
the reduced requirement accordingly.
You are wholly responsible for ensuring that all aspects of this fund are
acceptable to you. Investment in listed funds may involve special risks that could
lead to a loss of all or a substantial portion of such investment. Unless you fully
understand and accept the nature of this fund and the potential risks inherent in
this fund you should not invest in this fund."
2.3 Further information in relation to the regulatory treatment of Listed Funds domiciled
in Jersey may be found on the website of the Jersey Financial Services Commission at
www.jerseyfsc.org.
2.4 The directors of the Company have taken all reasonable care to ensure that the facts
stated in this document are true and accurate in all material respects, and that there are
no other facts the omission of which would make misleading any statement in the
document, whether of fact or of opinion. The directors accept responsibility
accordingly.
3. COMPANY ADMINISTRATOR
3.1 Herald Fund Services Limited was appointed as administrator and company secretary
to the Company on 9 November 2009. Its issued and fully paid up share capital is
£200,000 divided into 200,000 shares of £1.00 each. It holds a licence under the FS
Law in relation to the Company and is registered in Jersey for the conduct of fund
services business under the FS Law and regulated by the JFSC.
3.2 In consideration for the services provided by the Administrator under the
Administration Agreement, the Company pays the Administrator a fixed
administration fee of £70,000 per annum. In addition, the Company is required to
reimburse the Administrator for all costs, charges, expenses and other disbursements
(including, without limitation, all reasonable costs and expenses incurred resulting
from overseas travel) properly incurred in connection with, or incidental to, the
provision of the contracted services. The fee payable to the Administrator may be
revised from time to time by agreement in writing by the Company and the
Administrator.
3.3 Herald Fund Services Limited is a subsidiary of Herald Trust Company Limited
which was established in 1986 and remains owner-managed. Herald Fund Services
Limited was established in May 2008.
The directors of Herald Fund Services Limited as are follows:-
Michael Capraro - Managing Director
Michael is a graduate of the University of Johannesburg and the Stellenbosch
Business School in South Africa. His career in financial services started in 1985 at
Old Mutual, one of South Africa’s foremost life assurance and asset management
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