•  Peregrine Capital Global Equity Prescient Feeder Fund (A)
The Peregrine Capital Global Equity Prescient Feeder Fund aims to achieve medium to long term capital growth through investing in the Underlying Fund which will in turn invest up to 100% of its net assets in a diversified portfolio of securities (which will be listed, traded or dealt in on a recognised exchange), which shall include global equities, equity related securities such as preferred stocks, real estate investment trusts (REITs), listed property funds, exchange-traded funds (ETFs), investment grade fixed or floating rate bonds issued by corporations, governments and municipal debt, securitised debt, global currencies and/or other interest bearing securities such as certificates of deposit and money markets instruments. Asset allocation will be actively managed, meaning that the iInvestment manager of the Underlying Fund uses their expertise to select investments to achieve the fund's objective. The Fund does not have any specific geographical or sector focus. Although the Fund's investment universe is global, the units in the Feeder Fund are priced and traded daily in rands. The Underlying Fund is permitted to invest in listed and unlisted financial instruments in line with the conditions as determined by legislation from time to time The portfolio as permitted in Par 12(f) of Chapter IV of Board Notice 90 of 2014 will be allowed to enter financial transactions for the exclusive purpose of hedging exchange risks subject to the conditions and limitations as stipulated in Chapter V of Board Notice 90 of 2014. Nothing in the supplemental deed shall preclude the investment manager of the Underlying Fund from varying the ratios of asset allocation and securities, to maximize capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognized in terms of legislation and from retaining cash or placing cash on deposit in terms of the Deed and any Supplemental Deeds thereto; provided that the Manager shall ensure that the aggregate value of the assets comprising the portfolio shall consist of securities of the aggregate value required from time to time by the Act. The Trustee shall ensure that the investment policy set out in this supplemental deed and the Deed are carried out thereto. For the purpose of this portfolio, the Manager in consultation with the Investment Manager shall reserve the right to close the portfolio to new investors on a date determined by the Manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The Manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the Manager

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