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The Prescient Global Balanced Feeder Fund is a feeder fund. The fund will, apart from assets in liquid form, consist solely of participatory interest in the approved, Prescient Global Balanced Fund (“underlying fund”) under the Prescient Global Funds plc, an open-ended umbrella fund with segregated liability between funds, domiciled in Ireland. The investment objective of the underlying fund is to achieve long term capital growth appreciation. The underlying fund will seek to achieve its objective primarily through investment in a diversified portfolio of global equity securities, debt and debt-related securities, money market instruments and global currencies, details of which are set out below. The underlying Fund can invest directly or indirectly (through the use of Regulated Funds or derivatives as detailed in the section below entitled “Derivative Trading and Efficient Portfolio Management”) in these asset classes. The underlying fund may also from time to time hold ancillary liquid financial assets including debt securities in appropriate circumstances. The portfolio as permitted in Par 12(f) of Chapter IV of Board Notice 90 of 2014 will be allowed to enter into financial transactions for the exclusive Page 2 of 3 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 from varying the ratios of asset allocation and securities, to maximise capital growth and investment potential in changing economic environments or market conditions or to meet the requirements, if applicable, of any exchange formally recognised 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, the Deed and in all Supplemental Deeds thereto is carried out. 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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