The information contained in the following pages of the Website is intended for the use of professional investors only. If you are not a professional client, you should leave this Website immediately.

The contents of the following pages of this Website have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (“FSMA”). Access to this section of the Website in the United Kingdom is restricted by the FSMA and related legislation and rules (together the "Regulations") and the information on this section of the Website is directed only to persons in the United Kingdom to whom it may lawfully be communicated under such Regulations including professional clients who are: (i) investment professionals as described in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Promotion Order"); (ii) high net worth individuals as described in Article 48 of the Promotion Order; (iii) self-certified sophisticated investors as described in Article 50A of the Promotion Order; (iv) body corporates described in Article 49 (2) of the Promotion Order; or (v) of a kind to whom this Website may otherwise lawfully be accessed (all such persons together being referred to as "Relevant Persons").

Explanation of terms:

• An investment professional includes authorised firms under the FSMA; persons who are exempt in relation to promotions of investments of this nature; persons whose ordinary activities involve them investing in unlisted companies; governments; local authorities or international organisations; or a director, officer or employee acting for such entities in relation to engaging in investment activity.
• A high net worth individual is any individual who has completed and signed, within the period of 12 months ending on the date on which this communication is made, a statement, complying with Part I of Schedule 5 of the Promotion Order, that confirms that they satisfy the conditions to be classified as a certified high net worth individual. A certified high net worth individual is an person who: (1) had, during the financial year immediately preceding the date on which the certificate is signed, an annual income of not less than £170,000; or (2) held, throughout the financial year immediately preceding the date on which the certificate is signed, net assets to the value of not less than £430,000. In determining the net assets of an individual, no account shall be taken of: (a) the main residence of the individual; (b) the value of any life insurance policy of the individual; or (c) the pension benefits of the individual.
• A high net worth company, unincorporated association etc includes: (a) any body corporate which has issued share capital or net assets of: (1) in the case of body corporate which has more than 20 members or which is a subsidiary undertaking of a parent undertaking which has more than 20 members, not less than £500,000; or (2) in the case of any other body corporate not less than £5,000,000; (b) any unincorporated association or partnership which has net assets of not less than £5,000,000; and (c) the trustee of a high value trust, being a trust with gross assets of £10,000,000 or more.
• A self-certified sophisticated investor is a person who has completed and signed, within the period of 12 months ending on the date on which this communication is made, a statement complying with Part II of Schedule 5 of the Promotion Order to the effect that they recognise that they can lose all of their property or other assets from making investment decisions based on financial promotions and who: (i) are working or have worked in the 2 years prior to the date of the certificate in a professional capacity in the private equity sector or in the provision of finance for small or medium enterprises; (ii) are currently or have been in the 2 years prior to the date of the certificate a director of a company with an annual turnover of at least £1.6 million; or (iii) is a member of a network or syndicate of business angels and has been so for at least 6 months.

By clicking to confirm you have "read and understood the disclaimers" below, you represent, warrant and agree that you are a Relevant Person (as you satisfy one or more of the criteria noted above) and are permitted under applicable laws and regulations to receive the information contained in the pages that follow.  If you cannot so certify and agree, you must exit this website.

On the basis that you are a Relevant Person, the contents of this Website are exempt from the general restriction (in section 21 of FSMA) on the communication of invitations or inducements to engage in investment activity on the ground that it is only being made and provided to Relevant Persons (as defined above) with sufficient experience and understanding of the risks involved.

Access to the following sections of the Website is only made available to persons in the United Kingdom who are Relevant Persons and must not be accessed (or its contents distributed to), acted on or relied on by persons who are not Relevant Persons.  

Any investment or investment activity to which the contents of the Website relate is available only to Relevant Persons and will be engaged in only with Relevant Persons.

No representation or warranty, express or implied, is made as to, or assurance given that statements, beliefs, views, projections or forecasts in the Website are fair, accurate, complete or correct. All statements of opinion and/or beliefs contained in this Website, and all views expressed and all projections and statements regarding future events, expectations or future performance or returns represent SIS Ventures Limited's ("SISV")  own assessment and interpretation of information available to it at the time of writing. As such, the information provided herein is subject to change.

The Website does not purport to be all-inclusive or to contain all of the information that the recipient may require in relation to any matter or decision. Recipients should conduct their own independent investigation and assessment as to the validity of the information contained in the Website and the economic, financial, regulatory, legal, investment and other implications of that information (or actions taken in light of it). Recipients must determine for themselves what reliance (if any) they should place on the statements, beliefs, views, projections or forecasts in the Website and no responsibility is accepted by SISV in respect thereof. References to the outlook for markets and investments are intended simply to help investors with their thinking about markets and the multiple possible outcomes. Investors should always consult their advisers before making investment decisions.

All data contained herein has SISV as its source unless otherwise stated. All data contained herein is 'as at' the date specified at the top of the page unless stated otherwise.

For the avoidance of doubt, any activity carried out based on information contained in this Website is carried out entirely at your own risk.

To the fullest extent permitted by law SISV and its advisers or representatives shall not have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this Website or its contents or otherwise arising in connection with this Website.

Past performance is not necessarily a guide to future performance. Investment in any fund involves a high degree of risk. The value of an investment  can go down as well as up and an investor could lose part or all of its invested capital. An investor should consider any investment  to be a long-term investment and understand that the investments made by the fund are likely to be highly illiquid.

Potential investors should read the information memorandum in respect of any fund before making any investment decision.

This Website does not constitute investment, legal or tax advice or an investment recommendation.

If you are in any doubt as to your position, you should consult your professional adviser without delay.

For enquires please contact:

SIS Ventures Limited (a company registered in Scotland (SC576272))

3rd Floor, 27 George Street

Edinburgh

EH2 2PA