BCP ABSOLUTE RETURN BOND 16

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1 AVAILABLE TO INVESTMENT PENSION ARF/AMRF INVESTORS BCP ABSOLUTE A CAPITAL SECURE, ACTIVELY MANAGED, ABSOLUTE RETURN BOND THAT AIMS TO ACHIEVE CONSISTENT, POSITIVE RETURNS Uderlyig Fud has a exceptioal 25 year track record 130% or 85% Participatio i the Fud Performace 90% or 95% Capital Security provided at maturity by Ivestec Bak plc (A3 Ratig from Moody s) Ivestmet Term 5 years Early Exit Optio at 3rd Aiversary (Capital Security does ot apply) Closig Date 10th December 2015 Miimum Ivestmet 20,000 BCP SERVING INVESTORS FOR OVER 45 YEARS

2 BCP ABSOLUTE The BCP Absolute Retur Bod 16 is a uique ivestmet opportuity offerig ivestors access to the performace of a fud which has a prove track record sice 1989 of producig positive ivestmet returs i differet market cycles, with the additioal beefit of 90% or 95% capital security provided by Ivestec Bak plc. The Bod will pay ivestors a retur liked to the Performace of the Carmigac Patrimoie Fud ( the Fud ) over the 5 year ivestmet Term. There is o limit to the maximum retur that ca be eared from the Bod. ABSOLUTE RETURN BOND - INVESTMENT RATIONALE The BCP Absolute Retur Bod 16 is a ivestmet that aims to produce cosistetly positive returs, regardless of the ivestmet eviromet. The Bod provides access to a ivestmet that was traditioally limited to oly the largest of ivestors. Reasos for ivestig i the BCP Absolute Retur Bod 16 iclude the followig: The Bod provides diversificatio from traditioal ivestmet classes like equities ad property. The Bod targets positive ivestmet returs regardless of equity market coditios, ad the uderlyig Fud has a prove record durig oe of the toughest bear markets o record (see chart right). Uderlyig Fud Maager, Carmigac Gestio, has received umerous ivestmet awards i 2008, 2009, 2010, 2011, 2012, 2013, 2014 ad 2015 (Source: Carmigac Gestio). 2013, 2014 ad 2015 (Source: Carmigac Gestio). CARMIGNAC PATRIMOINE (WEALTH PROTECTION) This iteratioal equity ad bod Fud ivests across a wide rage of global fiacial markets. The objective of the Fud is to achieve steady absolute retur through active maagemet without regard to bechmarks, sectors, asset type or stock size. I order to reduce fluctuatios i performace, a miimum of 50% of assets is permaetly ivested i fixed icome ad/or moey market istrumets. Carmigac Patrimoie is a diversified fud that uses three performace drivers: iteratioal bods, iteratioal equities ad currecies. This provides multiple layers of diversificatio ad potetial returs. As well as capital appreciatio o the assets held, ay divideds received from equities, coupos received from bods or iterest from cash deposits are all icluded i the ivestmet retur for ivestors. CARMIGNAC GESTION Circa c53.4 Billio Assets Uder Maagemet. Net assets of c1.9b. Over 230 employees. CARMIGNAC PATRIMOINE FUND (A) EUR Diversified Absolute Retur Fud. Excellet Track Record. (Source: Carmigac Gestio) Compoud Aual Retur of 8.4% over the last 25 years. The Fud ivests globally i Equities ad Fixed Icome. No-bechmarked, active maagemet seekig regular performace ad protectio of ivested capital. 25 years experiece both of bod markets ad equity markets. Fixed Icome Portfolio: miimum 50% of the Asset Allocatio. Icludes Govermet ad Corporate Bods as well as moey market istrumets. Equity portfolio: betwee 0% ad maximum 50% of the portfolio. Emergig market equities ad bods: maximum 25% respectively. ALSO AVAILABLE TO PENSION & ARF/AMRF INVESTORS

3 BCP ABSOLUTE REVIEW YOUR PORTFOLIO ONLINE crm.bcp.ie UNDERLYING FUND HAS RETURNED A COMPOUND ANNUAL RETURN OF 8.4% SINCE NOVEMBER 1989 PAST PERFORMANCE OF CARMIGNAC PATRIMOINE FUND CUMULATIVE PERFORMANCE 900% 800% 700% 600% 500% 400% 300% 200% 100% 0% Nov 1989 Aug 1990 Aug 1991 Aug 1992 Aug 1993 Aug 1994 Aug 1995 Aug 1996 Aug 1997 Aug 1998 Aug 1999 Aug 2000 Aug 2001 Aug 2002 Aug 2003 Aug 2003 Aug 2004 Aug 2005 Aug 2006 Aug 2007 Aug 2008 Aug 2009 Aug 2010 Aug 2011 Aug 2012 Aug 2013 Aug 2014 Aug 2015 Carmigac Patrimoie* Euro Stoxx 50 S&P 500 (Euro) EPRA Idex** Source: Bloomberg, Carmigac Gestio. Performace figures are et of all fees, trasactio costs ad gross of taxatio * From November 1989 to 31st August ** Idex composed of the most heavily traded Europea real estate stocks Dow Joes UBS Commodities Idex JPM Global Bod Idex Average 5 year Fud retur: 54% Best 5 year Fud retur: 129% (08/03/ /03/2000) Worst 5 year Fud retur: 16% (25/01/ /01/1999) Recet 5 year retur (at 31/08/2015): 19% for the Carmigac Patrimoie (A) EUR BCP Wier of the Property Maager of the Year Award BCP Wier of the Specialist Life Service Provider Award Irish Pesios AWARDS 2014 Europea Pesios Awards Irelad 2014 IBA 24th & 25th Isurace Service Awards MINIMUM INVESTMENT f20,000 CLOSING DATE 10 TH DECEMBER 2015

4 PERFORMANCE FEES If at the ed of the 5 year term the Gross Retur of the Bod is betwee 18% ad 39.9%, the a Performace Fee of 1% will be deducted from the Gross Retur ad paid to BCP. If at the ed of the Term the Gross Retur of the Bod is 40% or greater, the a Performace Fee of 2% will be paid to BCP i respect of that versio. If you ecash part/all of your ivestmet at the 3 year Early Exit Date ad the gross retur of the Bod is betwee 11% ad 23.9%, the a Performace Fee of 0.6% will be deducted from the gross retur ad paid to BCP (1.2% if the gross retur of the Bod is 24% or greater). The Performace Fee is paid i additio to the iitial fee paid to BCP ad your itermediary, where applicable, as described i the Key Features o page 6. EARLY EXIT OPTION BCP has egotiated a early exit facility whereby you may ecash up to 100% of your remaiig ivestmet o the 3rd aiversary of the Bod at its realisable value, subject to a miimum of 310,000. Capital security will ot apply to this ecashmet. The realisable value of the capital withdrawal may be more or less tha the remaiig capital secure amout, depedig o whether the growth eared by the Ivestmet Bod is greater or less tha the early exit break costs. BCP ABSOLUTE INVESTORS HAVE TWO BOND VERSIONS TO CHOOSE FROM WITHIN THIS STRUCTURE.THESE HAVE BEEN DESIGNED TO CATER FOR VARYING RISK AND RETURN REQUIREMENTS OF INDIVIDUAL INVESTORS: BCP ABSOLUTE GROWTH PLUS VERSION At the ed of the 5 year Term, the Growth Plus Versio will pay 90% of the remaiig capital ivested plus 130% of the Performace achieved by the Carmigac Patrimoie Fud over the ivestmet term. There is o limit to the maximum retur that ca be eared from this Bod. If the Performace of the Carmigac Patrimoie Fud is 54% over the term of the Bod, the retur to ivestors will be 90% of the remaiig capital ivested plus 70.2% (54% x 130%) givig a Gross Retur of 60.2%. As the 60.2% retur i this case is above the 40% Performace Fee hurdle rate, a 2% Performace Fee will be deducted from the Gross Retur ad paid to BCP with a retur of 58.2% paid to ivestors. This is equivalet to 11.6% per aum (CAR 9.6%) (34.3% after DIRT at 41% (CAR 6.1%)). Eve if the Performace of the Fud is egative over the term of the Bod, 90% of the Remaiig Capital ivested will be retured. BCP ABSOLUTE GROWTH VERSION At the ed of the 5 year Term, the Growth Versio will pay 95% of the remaiig capital ivested plus 85% of the Performace achieved by the Carmigac Patrimoie Fud over the ivestmet term. If the Performace of the Carmigac Patrimoie Fud is 54% over the term of the Bod, the retur to ivestors will be 95% of the remaiig capital ivested plus 45.9% (54% x 85%) givig a Gross Retur of 40.9%. As the 40.9% retur i this case is above the 40% Performace Fee hurdle rate, a 2% Performace Fee will be deducted from the Gross Retur ad paid to BCP with a retur of 38.9% paid to ivestors. This is equivalet to 7.8% per aum (CAR 6.8%) (23% after DIRT at 41% (CAR 4.2%)). Eve if the Performace of the Fud is egative over the term of the Bod, 95% of the Remaiig Capital ivested will be retured.

5 BCP ABSOLUTE APPLICATION FORM (PLEASE COMPLETE IN BLOCK CAPITALS) CUSTOMER INFORMATION 1. Ivestmet advice was provided by:...itermediary o BCP o Ivestmet advice ot provided o 2. My/Our ivestmet kowledge is...limited o Good o Extesive o 3. My/Our ivestmet objective is capital growth. 4. I/We do ot require a icome from this ivestmet. 5. I/We authorise my/our advisor to view details of my/our accout olie. 6. I/We agree to receive valuatios ad other commuicatios from BCP olie via crm.bcp.ie 7. I/We cofirm that I/we uderstad that the product is produced ad issued solely by BCP ad the Bak acts as deposit taker oly ad has o resposibility to me/ us for the iformatio i this brochure or the product performace ad that the Bak s geeral terms ad coditio apply to all accouts. 8. Are you a Citize, or residet for tax purposes, of the Uited States of America Applicat A : Yes o No o Applicat B : Yes o No o I/We hereby apply for the BCP Absolute Retur Bod 16 with BCP Asset Maagemet Limited i the ame/s of (a) (b) Name (Mr/Ms) Date of Birth Occupatio Name (Mr/Ms) Date of Birth Occupatio Applicat (if differet from above) Address Tel: Day Source of Wealth Taxatio classificatio*: DIRT o Other o Mobile PPS Number a) b) * Tick oe of the above as appropriate. Additioal documetatio will be required for corporate, pesio, charity, qualifyig ivestors aged 65 years or over ad o residet applicats. INVESTMENT AMOUNT BCP Absolute Retur Bod 16 - Growth Plus Versio c (Miimum c10,000) BCP Absolute Retur Bod 16 - Growth Versio c (Miimum c10,000) TOTAL INVESTMENT c (Miimum c20,000) PLEASE MAKE CHEQUES PAYABLE TO INVESTEC BANK PLC Paymet by: Bak Draft o Credit Uio Draft o Other Bak/Buildig Society/Credit Uio Name: Accout Name: Sort Code: Accout Number: DECLARATION I/We cofirm that I/we have read ad uderstad the Terms ad Coditios as set out i the Brochure ad the Key Features ad agree to be boud by them. I/We hereby request ad authorise BCP to give effect to ay writte request, directio or istructio relatig to the Bod o the sigature(s) of me/us ad I/We declare that this authorisatio, uless termiated by my/our death or by operatio of law, shall remai i full force ad effect util the ed of the 5 year Term. I/We ackowledge that o iterest will be paid to me/us i relatio to the period up to 17th December 2015 (see Term & Coditio 7.10). I/We authorise BCP to hold my/our persoal data o file, to cotact me/us i writig, by telephoe or by i respect of fiacial services matters. I/We do ot coset to the iformatio beig used by BCP Asset Maagemet Ltd to provide iformatio o ew ivestmet opportuities. Tick box if applicable o I/We cofirm we have received the BCP Cliet Asset Key Iformatio Documet. SIGNED (all Bod holders must sig) Sigature (a) Date AGENT STAMP Sigature (b) Date address for crm.bcp.ie registratio to view your accout olie: Advisor s Name NEW AND EXISTING CLIENTS Cofirmatio of idetity must be provided i accordace with Sectio 2 of the Terms ad Coditios. DIRT is Deposit Iterest Retetio Tax. ARF is Approved Retiremet Fud. AMRF is Approved Miimum Retiremet Fud. CAR is Compoud Aual Retur. PRSI is Pay Related Social Isurace _V8

6 BCP ABSOLUTE KEY FEATURES HOW DOES THE BCP ABSOLUTE WORK? The product producer of the BCP Absolute Retur Bod 16 is BCP Asset Maagemet Limited, 71 Upper Leeso Street, Dubli 4. Your etire ivestmet is allocated to a 5 year Absolute Retur Bod 16. At the ed of the 5 year Term, the percetage performace (gai or loss) of the Fud is calculated. This performace will the be multiplied by 130% (Growth Plus Versio) or 85% (Growth Versio), to determie the iterest to be added to the Remaiig Capital secure amout i each bod versio. The Growth Plus ad Growth Versios offer 90% ad 95% capital security respectively. SUITABILITY The Bod is ot suitable for ivestors who require regular icome or require access to their capital before the Early Exit Date or maturity. The Bod is suitable oly as a capital growth ivestmet. The retur o the Bod will deped o the Performace of the Fud ad will oly be determied at the ed of the term. No withdrawals may be made before the Early Exit Date o 17th December 2018, or at maturity of the Bod o 17th December Your moey is ot ivested i the Fud, therefore, you do ot beefit from ay divideds paid by the Fud, but you will beefit from the divideds ad icome eared withi the Fud durig the term of the Bod. I order to protect the performace of the Fud from volatility towards the ed of the term, the Fial Price will reflect the average price of the Fud o a mothly basis over the fial 18 moths of the 5 year Term. The effect of averagig is to protect returs i a fallig market but coversely it may restrict growth i a risig market. A Performace Fee of 1% will be deducted if the Gross Retur of a Bod Versio is betwee 18% ad 39.9% at maturity. If the Gross Retur of a Bod Versio is 40% or higher the a Performace Fee of 2% will be paid to BCP at maturity. If you avail of the early exit optio after 3 years ad the gross retur of a Bod Versio is betwee 11% ad 23.9%, a Performace Fee of 0.6% will be deducted from the gross retur ad paid to BCP (1.2% if the gross retur of the Bod is 24% or higher). The Bods do ot suffer exposure to foreig currecy hece there will be o currecy risk. CAPITAL SECURITY Capital security at maturity is provided by Ivestec Bak plc. (Irish Brach). I the evet Ivestec fails to meet its liabilities, you could lose some or all of your moey if your ivestmet is ot fully covered by the UK Fiacial Services Compesatio Scheme (FSCS). See sectio 19 of the Terms ad Coditios for further details. WHERE DOES MY INVESTMENT IN THE BCP ABSOLUTE RETURN BOND 16 GO? The paragraph below displays how the ivestmet is structured for a hypothetical 10,000 ivestor. GROWTH PLUS VERSION The Growth Plus Versio provides 90% capital security by placig 85.09% or 8,509 of your ivestmet amout o deposit. This amout will grow to 90% or 9,000 by the ed of the 5 year Term. The Bod offers a retur of 130% of the positive Performace of the uderlyig Fud, less the 10% capital at risk, less ay Performace Fee % or 1,066 of your ivestmet amout will be used to purchase this retur. If the Performace of the Fud is egative at the ed of the 5 year Term, you will receive 90% of your Remaiig Capital ivested. This paymet represets a 10% (CAR -2.1%) loss o your ivestmet over the period. BCP will receive a fee of 2.25% or 225 for maufacturig, distributig ad admiisterig the Bod, equivalet to 0.45% per aum. A fee of 2% or 200 is payable to your itermediary, equivalet to 0.4% per aum; this is payable to BCP if you do ot deal with us through a itermediary. As described previously o page 4, a Performace Fee of 1% will be paid to BCP i additio to the fees above if the Gross Retur o this versio of the Bod is betwee 18% ad 39.9% at maturity. If the Gross Retur o this versio of the Bod is 40% or more the a Performace Fee of 2% will be paid to BCP at maturity. If you avail of the early exit optio after 3 years ad the gross retur of the Bod is betwee 11% ad 23.9%, a Performace Fee of 0.6% will be deducted from the gross retur ad paid to BCP (1.2% if the gross retur of the Bod is 24% or greater). GROWTH VERSION The Growth Versio provides 95% capital security by placig 89.28% or 8,928 of your ivestmet amout o deposit. This amout will grow to 95% or 9,500 by the ed of the 5 year Term. The Bod offers a retur of 85% of the positive Performace of the uderlyig Fud, less the 5% capital at risk, less ay Performace Fee. 7.23% or 723 of your ivestmet amout will be used to purchase this retur. If the Performace of the Fud is egative at the ed of the 5 year Term, you will receive 95% of your Remaiig Capital ivested. This paymet represets a 5% (CAR -1.0%) loss o your ivestmet over the period. BCP will receive a fee of 1.49% or 149 for maufacturig, distributig ad admiisterig the Bod, equivalet to 0.3% per aum. A fee of 2% or 200 is payable to your itermediary, equivalet to 0.4% per aum; this is payable to BCP if you do ot deal with us through a itermediary. As described previously o page 4, a Performace Fee of 1% will be paid to BCP i additio to the fees above if the Gross Retur o this versio of the Bod is betwee 18% ad 39.9% at maturity. If the Gross Retur o this versio of the Bod is 40% or more the a Performace Fee of 2% will be paid to BCP at maturity. If you avail of the early exit optio after 3 years ad the gross retur of the Bod is betwee 11% ad 23.9%, a Performace Fee of 0.6% will be deducted from the gross retur ad paid to BCP (1.2% if the gross retur of the Bod is 24% or greater). DO I HAVE ACCESS TO MY INVESTMENT? You may ecash your ivestmet o the 3rd aiversary of the commecemet date of the Bod (17th December 2018) at its realisable value, subject to a miimum of 10,000. As capital security is provided oly at the ed of the 5 year Term, the realisable value of the capital withdrawal may be more or less tha the capital secure amout, depedig o whether the growth eared by the Bod is greater or less tha the early exit break costs. BCP will cotact you i advace of the 3rd aiversary to provide a idicative exit price. You will have the optio to withdraw up to 100% of your ivestmet at its realisable value or to switch your early exit proceeds to a ew ivestmet. You have the right to cacel your applicatio for the Bod withi two weeks of the date you sig it but o later tha the Closig Date. WHAT HAPPENS IF I DIE BEFORE THE BOND MATURES? I the evet of the death of a sole ivestor prior to the expiry of the Term: a) the Bod may be trasferred ito the ame(s) of the deceased ivestor s persoal represetatives or of ay other perso omiated by such persoal represetatives, or b) the Bod may be redeemed, subject to ormal probate regulatios, at its realisable value as determied by BCP based o a calculatio by the Bak. The redeemable amout will be calculated primarily by referece to the market value of the assets, the term to maturity, ad the prevailig iterest rates at the time. The amout redeemed may be more or less tha the Remaiig Capital secure amout. Where the Bod is held i joit ames it will, upo the death of oe of the ivestors ad upo productio of such evidece of death as BCP or the Bak may require, be trasferred ito the ame(s) of the survivig ivestor(s). Where a ivestmet is made o behalf of a selfdirected or self admiistered pesio pla, i the evet of death of a member prior to the expiry of the Term, the Bod may be redeemed at its realisable value as determied by BCP based o a calculatio by the Bak which may be more or less tha the Remaiig Capital secure amout. The proceeds from such redemptio will be paid to the trustees of the pla, or the ivestig Life Compay as appropriate. Early redemptio fees may apply i the evet of a early exit outside of the 3 year early exit. WHAT ABOUT TAX? Uder curret legislatio, the gross iterest eared o the Bod will be paid after deductio of DIRT at 41%. This will apply at maturity ad will be deducted at source. However, certai o residet ivestors, credit uios, charities, pesios ad compaies may apply to receive returs gross without deductio of tax. The Fiace Act 2007 (as ameded by the Fiace Act 2011), allows the operatio of DIRT free accouts for ivestors aged 65 years or over, whose icome is uder 18,000 or 36,000 for married couples. Ivestors should satisfy themselves i relatio to Reveue reportig requiremets ad the implicatios of o-disclosure. PRSI may be payable o deposit iterest eared. Paymet does ot geerally apply to idividuals who have reached the State retiremet age. Where applicable, the curret PRSI rate is 4% which is payable by the ivestors i the relevat tax year.

7 TERMS & CONDITIONS 1. DEFINITIONS 1.1 you/your/ivestor meas the customer(s) who is/are ivestig fuds i the BCP Absolute Retur Bod 16 Growth Plus Versio ad/ or the BCP Absolute Retur Bod 16 - Growth Versio. 1.2 the Bod, the Bods mea the BCP Absolute Retur Bod 16 Growth Plus Versio ad/ or the BCP Absolute Retur Bod 16 - Growth Versio provided by BCP i accordace with these Terms ad Coditios. 1.3 the 5 year Term meas the duratio of the ivestmet which is placed i the 5 year Ivestmet Bods commecig o 17th December 2015 ad maturig o 17th December Iterest meas the gross iterest calculated i accordace with Sectio 7 below. 1.5 the Bak, Ivestec meas Ivestec Bak Plc (Irish Brach) ad its successors, assigs ad trasferees which is authorised by the Prudetial Regulatio Authority i the Uited Kigdom ad is regulated by the Cetral Bak of Irelad for coduct of busiess rules. 1.6 Accouts meas the idividual accouts opeed with the Bak i relatio to the Bod. 1.7 BCP meas BCP Asset Maagemet Limited ad its successors, assigs ad trasferees. 1.8 The Fud meas the Carmigac Patrimoie (A) EUR Class referred to i this brochure. 1.9 Performace of the Fud is defied i 7.2 below Performace of the Bod Versio is defied i 7.3 below Gross Retur of the Bod Versio is defied i 7.4 below Performace Fee is defied i 7.5 below Early Exit Date refers to the 3 year aiversary of the Bod, beig 17th December 2018, o which you will have the optio to withdraw up to 100% of your iitial ivestmet i the Bod at its realisable value, subject to a miimum withdrawal of c10, Remaiig Capital meas the origial capital ivested less the omial value of ay withdrawals o the Early Exit Date Averagig Dates mea 17/06/2019, 17/07/2019, 19/08/2019, 17/09/2019, 17/10/2019, 18/11/2019, 17/12/2019, 17/01/2020, 17/02/2020, 17/03/2020, 17/04/2020, 18/05/2020, 17/06/2020, 17/07/2020, 17/08/2020, 17/09/2020, 19/10/2020, 17/11/2020 ad 17/12/ CONFIRMATION OF IDENTITY (NEW & EXISTING CLIENTS) Further to the moey lauderig provisios of the Crimial Justice (Moey Lauderig & Terrorist Fiacig) Act 2010, as ameded, cliets must provide with their applicatio (1) copy passport or full drivers licece certified by oe of the followig: Garda Síocháa/Accoutat/Solicitor/Notary Public/ Embassy-Cosular Staff Member/Authorised Fiacial Service Provider ad (2) origial address verificatio (e.g. utility bill) dated withi the last 6 moths. Please ote this applies to Existig as well as New Cliets. Additioal documetatio will be required for Corporate, Pesio ad Charitable orgaisatio applicats. 3. YOUR INVESTMENT 3.1 BCP will lodge your ivestmet ito a cliet asset accout at the Bak i the ame of BCP. Cliet asset accouts cotai fuds which are pooled with other cliets fuds. Ivestors have a claim agaist the cliet assets pool i a specific accout. O or before the commecemet date the fuds will be trasferred ito a accout i your ame with the Bak. You will receive a cofirmatio from the Bak of your ivestmet i the Bod. The Bak s geeral Terms & Coditios apply to all accouts, ad are available at or upo request from the Bak or BCP. 3.2 At the ed of the 5 year Term, o advice from BCP, the Bak will pay (1) 90% of the Remaiig Capital ivested i the Growth Plus Versio ad/ or (2) 95% of the Remaiig Capital ivested i the Growth Versio, together with ay Iterest eared o the remaiig capital ivested. 3.3 Your moey is ot ivested i the Fud, therefore, the ivestmet does ot beefit from ay divideds paid by the Fud. However, ay divideds received from equities, coupos received from bods or iterest from cash deposits are all icluded i the ivestmet retur for ivestors. 4. AVAILABILITY 4.1 The closig date for applicatios is 10th December 2015, or earlier if fully subscribed (the Closig Date ). The Closig Date is the fial date i which BCP ca receive fully completed applicatios for the Accout(s). 4.2 The miimum ivestmet is c20, The Bod is available to idividuals who are aged 18 or over ivestig o their ow behalf, credit uios, charitable bodies, compaies ad pesio fuds. Idividuals uder 18 may be facilitated by way of a flexible trust. 5. COOLING OFF PERIOD You have the right to cacel this cotract prior to the Closig Date of the Bod. If you wish to cacel, writte otice must be received by BCP Asset Maagemet Limited at 71 Upper Leeso Street, Dubli 4 withi two weeks of your applicatio but o later tha 10th December WITHDRAWALS 6.1 No withdrawals may be made from the Bod before the the Early Exit Date o 17th December 2018 or at the ed of the 5 year Term. 6.2 BCP will cotact you i advace of the Early Exit Date to remid you of the early ecashmet facility ad to provide you with a idicative exit price ad reivestmet opportuities available at that time. As capital security is provided oly at the ed of the Term, the realisable value of the capital withdrawal may be more or less tha the capital secure amout, depedig o whether the growth eared by the Bod is greater or less tha the early exit break costs. The early exit price will be determied by BCP ad the Bak. 6.3 I the evet of death of a sole ivestor prior to the expiry of the Term: (a) the Bods may be trasferred ito the ames of the deceased ivestor s persoal represetatives or of ay other perso omiated by such persoal represetatives, or (b) the Bods may be redeemed, subject to ormal probate regulatios, at its realisable value as determied by BCP ad the Bak, which may be more or less tha the Remaiig Capital secure amout. 6.4 Where the Bods are held i joit ames, it will, upo the death of oe of the ivestors ad upo productio of such evidece of death as BCP or the Bak require, be trasferred ito the ame(s) of the survivig ivestor(s). 6.5 Where a ivestmet is made o behalf of a self directed or self admiistered pesio pla, i the evet of death of a member prior to the expiry of the 5 year Term, the Bod may be redeemed, subject to the terms of the rules of the uderlyig scheme or policy, at its realisable value as determied by BCP ad the Bak which may be more or less tha the Remaiig Capital secure amout. The proceeds from such redemptio will be paid to the trustees of the pla, or the ivestig Life Compay as appropriate. 6.6 Early redemptio fees may apply to early exits other tha o the 3 year Early Exit Date of 17th December INTEREST 7.1 The Iterest credited by the Bak to the 5 year deposit o maturity is calculated as the Performace of the Bod less the Performace Fee, ad is calculated i accordace with 7.2, 7.3, 7.4 ad 7.5. This Iterest, if positive, will be added to the Remaiig Capital secure amout to calculate the fial retur. The fial retur o the Early Exit Date is calculated as the gross realisable value less the omial value less ay Performace Fee. 7.2 Performace of the Fud is calculated as (Fial Price Iitial Price) / Iitial Price where (1) the Iitial Price of the Fud is the closig level of the Fud o 17th December 2015 or the ext busiess day for the Fud; (2) the Fial Price is the simple average of the Fud values take at mothly itervals as per Term ad Coditio Performace of the Bod Versio is calculated as (Positive Performace of the Fud x Participatio) where Participatio for the Growth Plus Versio is 130% ad Participatio for the Growth Versio is 85%. 7.4 Gross Retur of the Bod Versio is calculated as (Performace of the Bod Versio Capital at Risk) where Capital at Risk is 10% for the Growth Plus Versio ad 5% for the Growth Versio. 7.5 The Performace Fee is 1% where the Gross Retur at maturity for that Bod Versio is betwee 18% ad 39.9% (i.e. the gross realisable value is betwee 118% ad 139.9% of the Remaiig Capital ivested). If the Gross Retur of the Bod is 40% or higher the a Performace Fee of 2% will be paid to BCP at maturity (i.e. the gross realisable value is at least 140% of the Remaiig Capital ivested). If you avail of the early exit optio after 3 years ad the gross realisable value of the amout ecashed for each Bod Versio is betwee 111% ad 123.9% of the omial amout, a Performace Fee of 0.6% will be deducted from the gross realisable value ad paid to BCP at that time (1.2% if the gross realisable value is 124% or greater). 7.6 If the Performace of the Fud is egative, at maturity you will receive 90% of the Remaiig Capital ivested i the Growth Plus Versio ad

8 TERMS & CONDITIONS 95% of the Remaiig Capital ivested i the Growth Versio. 7.7 Should ay substatial chages to the Fud or a hedgig disruptio occur durig the 5 year Term, BCP shall be etitled, after cosultatio with the Bak, at its absolute discretio, to chage the uderlyig Fud, to uwid the Bods at the the curret market value or to susped operatios of the Bods durig ay period i which such evet cotiues ad thereafter util the ed of the Term. O suspesio, the Bak shall arrage for the ivestmet accrued to be placed o deposit for the aforesaid period, o terms to be agreed betwee BCP ad the Bak at their absolute discretio. BCP will otify the ivestors of the occurrece of ay such evet i such maer as BCP deem appropriate. Neither BCP, the Bak, or their aget(s) shall be liable for ay loss howsoever suffered by the ivestor if there is ay total or partial failure of performace resultig from ay such evet or ay other causes beyod the cotrol of BCP, the Bak or their aget(s). 7.8 Should a adjustmet evet occur durig the 5 year Term which affects the Fud or the value of ay uit of the Fud icludig, without limitatio: a split, cosolidatio or reclassificatio of the uits, or a distributio i the form of divideds which does ot comply with the usual divided policy of the Fud, or ay other similar evet which i the opiio of BCP requires a adjustmet, BCP shall be etitled, after cosultatio with the Bak ad at its absolute discretio, to adjust ay relevat terms of the Bods to preserve the ecoomic equivalet of your ivestmet prior to the occurrece of such adjustmet evet. 7.9 The fial retur will be paid after deductio of Deposit Iterest Retetio Tax ( DIRT ) where applicable. DIRT to be deducted will be calculated i accordace with the appropriate tax legislatio ad at the rate prevailig o maturity, curretly 41%. Certai ivestors may apply to have iterest paid without deductio of DIRT. All ecessary DIRT exemptio documetatio is required to be i place prior to iterest paymets No iterest will be paid to you o your iitial ivestmet i relatio to the period up to 17th December MATURITY BCP will cotact you before the Bods mature to advise of repaymet ad reivestmet opportuities available at that time. At maturity o 17th December 2020, BCP will, followig receipt of your istructios, istruct the Bak to issue ad sed idividual customer cheques to BCP amoutig to the Remaiig Capital sum secured together with ay Iterest eared OR reivest the proceeds as istructed. If at this time it is the Bak s policy to process maturity paymets electroically, paymet may be made by this method istead of by cheque. If for ay reaso Iterest o the Bods caot be determied by the maturity date, the Bak will pay the Remaiig Capital sum secured ad ay Iterest, 2 busiess days after the Iterest ca be determied. I the evet o istructio is received by maturity, the fuds will remai i a accout with Ivestec, however o iterest will be paid o the fuds. 9. JOINT ACCOUNTS Uless otherwise agreed i writig with BCP, the withdrawal of fuds at the Early Exit Date ad at maturity will require the coset of all accout holders. Should you wish the Bak or BCP to provide statemets separately to each accout holder or should you wish to impose ay limitatios o the operatios of the accout, please advise BCP prior to ivestig i this product. 10. COMPLAINTS Ay complait about the sale of the Bods should be made to your authorised itermediary via whom you ivested. A complait about ay other aspect of the Bods should be made to BCP. Ay such complaits will be ivestigated i accordace with BCP s complaits policy, details of which are available from BCP. 11. CONFIDENTIALITY BCP ad the Bak observe a strict duty of cofidetiality about your fiacial affairs. Save at your request or with your coset, either BCP or the Bak will disclose ay details relatig to your ivestmet to ayoe else other tha i the followig circumstaces: - to comply with a Court Order. - to comply with a directio or request from a statutory or regulatory body etitled to such details. - i accordace with ay applicable legislatio. 12. DATA PROTECTION Both BCP ad the Bak are registered uder the Data Protectio Acts 1988 ad 2003 ad your persoal data held by BCP ad the Bak will be maitaied i accordace with the obligatios of the Acts ad subsequet legislatio. 13. CANCELLATION If total fuds received from ivestors at the Closig Date are deemed to be isufficiet or if hedgig coditios are adverse, BCP reserves the right ot to proceed with the Bod issue ad to repay ivestors. 14. ASSIGNMENTS Ivestor(s) may ot trasfer (either by assigmet or by ovatio) or create ay security over ay or all its rights, iterests ad obligatios i the Bod without the prior writte coset of BCP ad the Bak. 15. BOND OPERATION Neither BCP, the Bak or their aget(s) will be liable for ay loss you may suffer if BCP, the Bak or their aget(s) is preveted from providig ay service as a result of idustrial actio, power failure or other cause beyod the reasoable cotrol of BCP, the Bak or their aget(s). The Bak acts as deposit taker oly ad is ot liable for the resposibilities of BCP to you i relatio to the Bod, this brochure or for ay other iformatio provided to you by BCP. The Bak is ot offerig fiacial or tax advice to BCP or ivestors. It does ot make ay represetatio, express or implied, as to the ivestmet terms or the performace of the Bod. Ay such statemets herei, as well as all other statemets regardig the Bod, are the sole resposibility of BCP. 16. VARIATION These Terms ad Coditios may be chaged if a decisio, recommedatio or chage is made by a Court, Regulator, Ombudsma or by legislatio. BCP will otify you persoally of ay chages ad will edeavour to give you at least 1 moth s otice. 17. INVESTOR DEPOSIT ACCOUNTS Your Accout is held i the form of a fixed term deposit accout i your ame with the Bak, which is the ultimate provider of the capital secure portio of the ivestmet. The maturity proceeds of your ivestmet will be retured to you at the ed of the Term ad/or followig ay withdrawal at the Early Exit Date. The Accout is 90% or 95% capital protected by the Bak at maturity. The Bak may eter ito a derivative cotract for the purpose of providig a retur o your ivestmet. This will ot affect your ivestmet i the Accout. 18. GOVERNING LAW AND JURISDICTION These Terms ad Coditios are govered by ad shall be costrued i accordace with the laws of Irelad. By sigig the applicatio form for the Bod, you agree that ay dispute may be resolved by the courts of Irelad. 19. COMPENSATION SCHEME/CAPITAL SECURITY Ivestec Bak Plc is a member of the UK Fiacial Services Compesatio Scheme (FSCS) which ca pay compesatio to depositors if a bak is uable to meet its fiacial obligatios. Most depositors icludig most idividuals ad small busiesses - are covered by the scheme. Effective 1st Jauary 2016, the compesatio limit will be reduced from GBP 85,000 to GBP 75,000 (curret Euro Equivalet circa 100,000) per perso per istitutio or GBP 150,000 per joit accout (euro equivalet capped at 200,000). Details of the Scheme ca be foud at Capital security is provided by Ivestec Bak Plc. BCP Asset Maagemet Limited 71 Upper Leeso Street, Dubli 4, Irelad T: (01) F: (01) E: W: BCP Asset Maagemet Limited, tradig as BCP, is regulated by the Cetral Bak of Irelad. Registered i Irelad umber Registered office 71 Upper Leeso Street, Dubli 4, Irelad. VAT umber IE F. Ivestec Bak plc (Irish Brach) is authorised by the Prudetial Regulatio Authority i the Uited Kigdom ad is regulated by the Cetral Bak of Irelad for coduct of busiess rules.

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