This website has been prepared by Trafalgar Capital Management (UK) LLP ("Trafalgar"), the Portfolio Manager of Trafalgar Copley Master Fund Limited (including its segregated portfolios) (“Master Fund”), and Trafalgar Copley Fund Limited, Trafalgar Copley NZ Fund Limited and Trafalgar Copley Fund LP (“Feeder Funds”).  Trafalgar is authorised and regulated by Financial Services Authority ("FSA"). This website has been prepared for circulation to investment professionals or certified sophisticated investors within the meaning of the Financial Services & Markets Act 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001, to persons Trafalgar reasonably believes to be professional investors within the meaning of the FSA rules or to persons to whom this website may otherwise lawfully be distributed, to give preliminary information about the investment propositions described herein. It is a confidential communication to, and solely for the use of, the recipient. It is not addressed to and may not be used by any other person. It expresses no view as to suitability for the individual circumstances of any recipient.

This website may only be viewed by a U.S. person who is an “Accredited Investor” as such term is defined in the U.S. Securities Act 1933, as amended (The “1933 Act”), a “Qualified Purchaser” as defined for purposes of Section 3(c)(7) of the U.S. Investment Company Act of 1940, as amended (The “1940 Act”), and “Qualified Eligible Participants” as such term is defined under the U.S. Commodity Futures Trading Commission Rule 4.7.

It is not anticipated that the Master Fund or the Feeder Funds (other than the Trafalgar Copley Fund LP) will be registered under the 1933 Act or qualified under any applicable state securities statutes. Nor is it anticipated that the Master Fund or the Feeder Funds (other than the Trafalgar Copley Fund LP) will be registered as an investment company under the 1940 Act in accordance with Section 3(c)(7) of that Act. The information contained in the website is based on, or derived, from information generally available to the public which we believe to be reliable. No representation is made that it is accurate or complete. The Trafalgar Group of companies and those associated with it may have positions in, and may effect transactions in, securities and instruments of issuers mentioned herein. The summaries of the Master Fund and the Feeder Funds have been solely prepared for informational purposes and are not a solicitation or an offer to buy or sell any security or instrument or to participate in any trading strategy. The Private Placement Memoranda or Prospectus (as the case may be) relating to the Feeder Funds mentioned in this website includes information as to certain risks, supersedes the information contained herein and should be requested and carefully reviewed by persons interested in investing in any of the Feeder Funds. Persons interested in investing in Trafalgar Copley NZ Fund Limited should also review the investment statement relevant to that Fund.

Past results are not necessarily indicative of future results. Price and availability are subject to change without notice. Examples of transactions contained herein may not represent actual trades and similar results may be obtained only if the parameters described can be duplicated, of which there can be no certainty. Each recipient must satisfy himself as to the observance of relevant laws and regulations, including obtaining any consent which may be required.