Fund Activities. Trade finance is critical for supporting global trade flows, which totalled around US$18 trillion in 2011

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2 Fund Activities Trade finance is critical for supporting global trade flows, which totalled around US$18 trillion in 2011 Fund Objective The Oxhill Trade Finance Fund s objective is to achieve stated specific returns for investors through a stable income stream while preserving capital. This is achieved by providing Short Term, Asset Backed and Credit Insured investment instruments to UK and European businesses via: Trade Finance Single Invoice Finance / Spot Finance All transactions are Business to Business and the fund advisor is Oxhill Limited (Gibraltar). The Fund and Fund Advisor are headed by a board of Directors with over 150 years of experience in Banking, Trade Finance, Credit Insurance and Fund Management. You can refer to for Director profiles The realistic target annual return is 9.5% net of all fund administration costs

3 Market and Opportunity The Global Trade Finance market in 2011 totalled $18 trillion (ICC Global Risks - Trade Finance Report 2013) and is crucial for supporting global trade transactions. The global market encompasses a wide range of products and services that help to reduce the risks of cross-border transactions and provide businesses with an alternative to standard bank and overdraft finance. fewer than 1,800 defaults were made across close to 8.1 million short-term trade finance transactions. This equates to an approximate 0.02% default rate The Oxhill Trade Finance Fund target market is the UK and European SME sector. A UK study published by The UK Federation of Small Businesses (FSB) in June 2012 showed that 41% of businesses who approached their Bank for finance were denied. 20% of these businesses indicated that lack of access to funding is the main hurdle in achieving growth. The Oxhill Trade Finance Fund will provide funding values typically 50k to 1m, though other values can be considered. In 2014 there are currently 5.2 million businesses in the UK and according to the Federation of Small Businesses they have a combined turnover of 3,300 billion. Of these, SMEs accounted for 99.9 per cent of all private sector businesses in the UK. It is estimated that there is a shortfall in overall lending to these SME businesses of 26 billion caused by the change in lending appetite by banks and other lenders. One major reason for Bank restrictions in the Trade Finance market are the rules placed upon them under regulations ascertaining to the International Regulatory Framework under Basel III. This states that in order to lend money they must have increased amounts of deposits in place. This shift has been evident in the reduction of traditional overdrafts and loans and a push towards Invoice Finance. Invoice Finance does not require capital (as deposits) as it is secured on raised invoices. However most Banks offer whole of turnover agreements to their customers, which can be both inflexible and costly. The Oxhill Trade Finance fund will be targeting businesses that do not wish to have any form of whole turnover agreements in place but do require flexible funding not commonly offered by the Banks and other private institutions..

4 Investment Instruments In order to protect investment, all transactions are vetted and credit checks are completed in line with the Credit Insurance Policy. Credit Limits are assigned to each transaction. Legal documents provide legal Security including Personal Guarantee's, Debentures, Pledges and other forms where applicable. Trade Finance Trade Finance is where principal customer of the Oxhill Trade Finance Fund, via Oxhill Limited (The Fund Advisor) requires capital for cost of pre-ordered goods to sell to their end customer. In this case the Fund effectively purchases the goods on behalf of the principal customer and hold legal title of the goods (via legal documents) until the point at which they are paid for by the end customer. This can be for both imports and exports. Security here is important to note. The Fund effectively own the goods at the purchase cost and have comfort that there is a strong gross profit margin at market value should there ever be any issues and goods need to be sold elsewhere. The end customer invoice is paid directly to the Fund Advisor at full market value. The value of this final invoice is covered within the Credit Insurance policy. The Fund Advisor also ensure all other insurances such as Marine, Transport etc. are in place. Single Invoice Finance (Spot Finance) Single Invoice Finance is a simple form of Invoice Finance (the purchase of Sales Invoices on extended terms to advance cash immediately) but instead of taking a whole of turnover agreement Oxhill Trade Finance Limited would only provide capital to a small number of invoices or single invoices. Security by Debenture on the company is taken and title of the invoice sits with Oxhill Trade Finance Limited. Should there ever be an issue with the end debtor then Credit Insurance would be called upon. Oxhill will not make any transaction without Credit Insurance

5 Credit and Security Procedure All Trade Finance Investment Instruments follow a standard rigorous credit and security procedure. This is required before any capital is released from the Oxhill Trade Finance Fund. Following the submission from the principal customer, Oxhill Limited (Gibraltar), through the Credit Insurer, obtain Credit Insurance on the end customer for 90% of the full sale price. A Credit report is generated and Director searches are authorised to confirm the status of the business and the Directors of the principal customer. A qualified and authorised member of Oxhill Limited (Gibraltar) will visit the place of business and meet with the Managing / Finance Director of the principal customer. Copies of all contracts and details pertaining to the transaction are obtained. For Anti Money Laundering purposes copies of the Directors' passport(s) are also held and validated. Verifications by telephone together with confirmation in writing of the validity of the order/contracts with both the end customer and the supplier are confirmed. Correct Legal Paperwork will be prepared by authorised Solicitors. The complete file is reviewed by Oxhill Limited (Gibraltar) with a view to accepting or rejecting the request for the relevant investment instrument subject to final sign off. The file is checked and signed-off by two Oxhill Limited (Gibraltar) Directors for submission to the Oxhill Trade Finance Fund Board of Directors before any capital is released. Once confirmation from all parties is agreed the Legal paperwork is signed and the transaction will take place under the agreed conditions. Oxhill work with established partners who are experts in their field Diagram Showing Trade Finance Process and Credit Insurance Client Supplier Start Client Paid End Oxhill Instructed Funds Out or CREDIT INSURANCE & LEGAL TITLE Goods Supplied Invoice Paid Retailer/EndDebtor BondedWarehouse PRE-CREDIT, TRANSIT INSURANCE & LEGAL TITLE Credit Insurance The Single Invoice Finance and Staged finance follow the same process as above but the process is shorter as there are no goods to take title of and no suppliers to check. CREDIT INSURANCE & LEGAL TITLE

6 Fund Partners Oxhill Limited (Gibraltar) The Oxhill Trade Finance Fund is managed by the Board in conjunction with Oxhill Limited, a limited liability company registered in Gibraltar, (the Fund Advisor ). The Fund Advisor is responsible for making investment and divestment recommendations to the Board. The Board examine proposals made by the Fund Advisor and carefully review these proposals to make its decisions in accordance with the Investment Policy of the Oxhill Trade Finance Fund. The Fund Advisor is managed by a highly experienced group of Investment, Banking and Trade Finance professionals. Fund Management - Luxembourg Fund Partners - LFP Luxembourg Fund Partners S.A is an independent Fund Management Company, offering third parties the mandatory substance within the UCITS IV or SIF regulated framework. Through their extensive diverse background and latest industry knowledge, they have a long established track record in delivering investment products and solutions which perform to the highest standards. LFP provide to the Oxhill Fund, the mandatory substance in terms of Directorship & Management Services. The Directors supervise the Fund independently and remain liable & accountable toward the local Financial Authorities (CSSF). LFP and its directors are already recognized and approved by the CSSF. LFP was set up in Luxembourg on 12 February 2010 pursuant to the SIF Law and is incorporated as a public limited company (société anonyme) with variable share capital (SICAV) and structured with multiple Sub- Funds. Fund Administrator - Apex Fund Services Apex Fund Services is one of the world's largest independent fund administration companies with over $26 billion of assets under administration, 34 offices and over 320 employees across the globe. Apex is unique in its ability to reach globally, service locally and provide cross-jurisdictional solutions and best practices, providing the highest levels of personalized services. Apex provides administration services to the Oxhill Trade Finance Fund and the Apex Luxembourg office is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Custodian Bank - ABN AMRO ABN AMRO serves retail, private and commercial banking customers worldwide. Along with a comprehensive range of products and services, they offer indepth financial expertise, extensive knowledge of numerous sectors and an international network supporting customers' domestic and international operations. ABN Amro will provide the Custodian services for Oxhill Trade Finance Fund. Auditors - PricewaterhouseCoopers PricewaterhouseCoopers (trading as PWC) is a multinational professional services firm headquartered in London, United Kingdom. It is the world's second-largest professional services firms measured by 2013 revenues, and is one of the Big 4 auditors in the world. PricewaterhouseCoopers has offices in 776 cities across 159 countries and employs over 180,000 people.

7 Credit Insurance - Atradius Atradius is one of the largest Credit Insurance companies in the world with 160 offices worldwide in 50 Countries. Atradius has a total income of more than EUR1.6 Billion and is rated "A" (excellent) by A.M Best. Atradius are the preferred Credit Insurance provider to the Fund Advisor and hence the Oxhill Trade Finance Fund. The policy provides insolvency and protracted default cover of 90% indemnity for goods sold, invoiced and delivered with an additional 90 days pre-credit cover. This protection insures that the trade deals that Oxhill Limited engage in are fully secured reducing substantially the overall risk to Oxhill Limited and the Oxhill Trade Finance Fund and its investors. Legal - PDT Solicitors in Horsham PDT Solicitors are highly regarded in the Industry and have worked to come up with a new and up to date document suite for This has been completed and Oxhill Limited will be using PDT as its own Solicitors for documents, document checking and vetting prior to any payments being approved. Oxhill Limited's main partner at PDT is Noel Ruddy. Noel is head of Company Commercial and Insolvency. He trained in the City before joining PDT in His particular expertise is in receivables, financing and asset based lending generally but he has also established a reputation for his private equity work in a range of sectors. He is also known for his work in advising Insolvency Practitioners on a wide range of matters relating to corporate insolvency. Noel is a co-editor of Salinger on Factoring which is the leading work on the law as it relates to the assignment of book debts and which is now in its fourth edition.

8 Key Fund Facts Luxembourg SICAV SIF Regulated by Commission de Surveillance du Secteur Financier (CSSF) Invest in GBP, USD, EUR Monthly subscriptions Monthly redemptions Monthly valuation Fund's Investment Criteria Reputable counterparties: Comprehensive due diligence conducted on all counterparties (including track record, operational and organisational structure, anti-money laundering). Strong Liquidity: All transactions to have a short term physical trading cycle (normally days) ensuring strong liquidity of principal investment and trading margin. Secured Transactions: Security procured over transaction, typically over trading asset to ensure protection of investment. Detailed Approval Process: Each transaction must be approved by the Fund's Luxembourg-regulated Board of Directors and the Custodian of the Fund (ABN Amro). Credit Insured: All transactions will have credit insurance in place which will indemnify any loss for 90% against formal insolvency and protracted default PriceWaterhouseCoopers Audits: The fund will be audited annually by PricewaterhouseCoopers. Luxembourg 2 boulevard de la Foire L-1528 Luxembourg This Document is provided by Oxhill Limited (hereafter Oxhill ) as a reference service to institutional and professional investors. No investment advice is offered or given by Oxhill to any persons accessing information on this site; consequently, prospective investors should take advice from their own professional advisers before making any investment decision. Any information featuring in this document has been thoroughly researched by Oxhill. However, Oxhill does not in any way guarantee or warrant, either implicitly or explicitly, the completeness or accuracy of the information. Before investing, all relevant documents, such as reports and accounts and prospectus should be read, which specify the particular risks associated with investment in the Funds, together with any specific restrictions applying and the basis of dealing. The information herein is not an offer to sell, or to solicit an offer to purchase any securities, anyone in any jurisdiction in which such offer or solicitation is not authorized, or in which the person making such an offer is not qualified to do so, or to anyone to whom it is unlawful to make such an offer or solicitation, or to anyone in any jurisdiction inside of the United States or EU. The value of any investments and any income generated may go down as well as up and is not guaranteed. Past performance is not a guide to future performance. Changes in rates of exchange may have an adverse effect on the value, price or in income of an investment. Investment in a Fund is not intended to be a complete investment program for any investor. An investment should be viewed as a medium to long -term investment. The nature of a Fund's investments involves certain risks and a Fund may utilize investment techniques which may carry additional risks. Prospective investors should carefully consider, among others, the following factors before subscribing: Potential Concentration of Investments, Counterparty Risk, Foreign Exchange/Exchange Control Risks, Settlement Risk, Currency exposure/unlisted securities and Derivatives Risks: Inadequate Market, Liquidity and Leverage. Please refer to the prospectus for further information. An investment in a Fund therefore carries substantial risk and is suitable only for persons who can assume the risk of losing their entire investment. The Fund is subject to Luxembourg law. Any disputes arising from the Fund shall be submitted to the courts Luxembourg-city (Grand Duchy of Luxembourg). A realistic targeted 9.5% annual return with protection in place

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