TERMS AND CONDITIONS

FOR THE CLOSE BROTHERS PRIVATE EQUITY LLP SECURE INVESTOR EXTRANET

Set out below are the Close Brothers Private Equity LLP Terms and Conditions for permitting access to the Close Brothers Private Equity LLP Secure Investor Extranet ("the Web Site"). It is important that you read the following information. When you have read this page, please click below to confirm that you have read, understood and accepted these Terms and Conditions.

1. DISCLAIMER

The information on the Web Site is not to be regarded as an offer to buy or sell, or the solicitation of any offer to buy or sell securities or investments in any jurisdiction other than the UK. We do not offer investment advice or make recommendations regarding investments. The information on the Web Site is for informative purposes only. Under no circumstances is the information to be used or considered to as an offer to sell, or a solicitation of an offer to buy, any security. Additional information is available upon request. Where information has been obtained from outside sources, it is believed to be reliable but is not represented to be accurate or complete. Past performance is not necessarily a guide to the future. The value of an investment and any income from it can go down as well as up and an investor may not get back the amount originally invested.

2. SITE CONTENT

The Web Site is subject to regular update and revision. While we attempt to ensure the correctness and timeliness of all material posted on the Web Site, we take no responsibility for errors or omissions which are the result of technical causes, or otherwise. We maintain the right to delete or modify in part or in full any information on the Web Site without prior notice. All material presented at the Web Site, unless specifically indicated otherwise, is under copyright to Close Brothers Private Equity LLP, its subsidiaries and any associated companies. The material is freely downloadable for browsing purposes only. None of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, or distributed to any other party, without the express written permission of Close Brothers Private Equity. All trademarks, service marks and logos used on the Web Site are trademarks or service marks or registered trademarks or service marks of Close Brothers Private Equity or one of its associates or other entities.

3. SECURITY

In order that you may access the Web Site we will issue you with a unique password and username ("PasswordsYou are responsible for the security and proper use of all these Passwords and must take all necessary steps to ensure that all these Passwords are kept confidential, used properly and not disclosed to unauthorised people. We may change the Passwords at any time and will notify of any such change. You are responsible for ensuring that no unauthorised access (whether by your personnel who are not authorised by us or otherwise) is obtained to the Web Site through the use of your Passwords. You must inform us immediately if you have any reason to believe that any Password has become known to someone not authorised to use it or if any Password is being or is likely to be used in an unauthorised way. If we have reason to believe that there is likely to be a breach of security or misuse of the Web Site we may change any or all of your Passwords and notify you accordingly. If we have reason to believe that users are obtaining and/or using Passwords without proper authorisation from us we shall have the right to suspend access to the Web Site and/or terminate access without notice. We reserve the right to take legal action for unauthorised use of Passwords.

4. DATA PROTECTION

We will not seek to install any "cookies" on the hard drive of your computer, nor shall we store information on you for disclosure to third parties.

5. TERMINATION OF ACCESS

Your access to the Web Site will be withdrawn upon the expiry of the period of access agreed between us. Your access may also be terminated by us at any time with immediate effect if:-

(i) you break any provision under clause 3 above; or

(ii) you cease to carry on business by entering into receivership, administration or liquidation.

Close Brothers Private Equity LLP is authorised and regulated by the Financial Services Authority and is a subsidiary of Close Brothers Group plc, whose shares are listed on the London Stock Exchange. Copyright © 2004 Close Brothers Private Equity LLP, all rights reserved.