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W W W . M J S . C A P I T A L

JUNE 2016

INSURANCE SUMMARYAll contents in this document have been registered by Lonmar

CONTENTSIntroduction

Document Overview

Key Elements of Cover

High Level Investor FAQ’s

Lonmar Global Risks Contact Details

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“In order to stay at the forefront of active risk management and provide investors with certainty

to capital protection, MJS Capital plc is delighted to confirm that it has secured the placement of the

dedicated MJS Capital plc Corporate Guard – IMI insurance policy...”

INTRODUCTION

“A placement of this breadth and scale is unique in the Lloyd’s of London insurance market and as such has received significant professional plaudits from leading underwriters...”

The investment management sector has seen an increasingly

sophisticated demand from investors, requiring its investment

and fund managers to comprehensively demonstrate proof of

active risk management and provide certainty to the protection of

investor capital.

Risks relating to Directors & Officers Liability, Professional

Indemnity, Crime and Cyber Crime are increasing daily. Insuring

a funds various liabilities under off the self - stand alone and

sometimes conflicting policies can bring major gaps in coverage

when seeking to allocate indemnity through liability extensions

with multiple insurers and wordings.

In order to stay at the forefront of active risk management and

provide investors with certainty to capital protection, MJS Capital

plc is delighted to confirm that is has secured the placement of

the dedicated MJS Capital plc Corporate Guard – IMI insurance

policy.

The existing security provided by the stringent protocols

and due diligence implemented by MJS Capital plc are now

comprehensively indemnified through policy placement. Working

forensically with the leading financial lines underwriting and

broking experts in the Lloyd’s of London insurance market

the MJS Capital plc Corporate Guard – IMI insurance policy

has been created to match the direct demands and vicarious

processes of the unique MJS Capital plc bond offering.

The MJS Capital plc Corporate Guard – IMI insurance policy core

policy wording is investment management sector specific and

therefore incorporates vicarious liability extensions matched to

the MJS Capital plc value chain including introducing brokers,

payment service providers, mandated trading partners, security

trustee and other third party service providers.

Under the MJS Capital plc Corporate Guard – IMI insurance

Policy secured terms, two separate towers of indemnity are

in place providing an individual aggregate sum insured of

£100,000,000 and cumulative total sum insured of £200,000,000

in the total aggregate.

Further, clear financial protection and certainty to claims

indemnification to investors can be demonstrated by the

strategic decision to place the MJS Capital plc Corporate

Guard – IMI insurance policy with both leading global composite

insurers and Lloyd’s of London underwriting

syndicates.

The primary layer provider AIG (Europe) Limited is a subsidiary

of AIG one of the largest and most prestigious insurance

companies in the world. Operating from over 100 countries and

jurisdictions AIG have a reputation for financial security and enjoy

an S&P rating of A+.

In addition Liberty Specialty Markets (trading name for Liberty

Managing Agency Limited) for and on behalf of syndicate 7447

at Lloyd’s of London is a subsidiary of Liberty Mutual Insurance

Group. Liberty Mutual Insurance Group operates from 25

locations around the globe enjoying Fortune 100 company status

and an S&P rating of A+A=+.

As Liberty Specialty Markets are providing indemnity to

MJS Capital plc under the Corporate Guard – Investment

Management Insurance Policy, full financial protection is provided

ultimately by the Lloyd’s of London Central Fund. All Lloyd’s

syndicates benefit from Lloyd’s central resources, including the

Lloyd’s brand, its network of global licenses and the Central

Fund. The Central Fund is available at the discretion of the

Council of Lloyd’s to meet any valid claim that cannot be met

by the resources of any member. To note a placement of this

breadth and scale is unique in the Lloyd’s of London insurance

market and as such has received significant professional plaudits

from leading underwriters.

Ultimately the CG-IMI Policy placement is a true statement of

corporate responsibility and investor capital protection on behalf

of the board of MJS Capital plc. The MJS Capital plc Corporate

Guard – IMI insurance policy placement has positively reset the

status quo from an investment management and wider industry

risk management – investor capital protection perspective.

In order to stay at the forefront of investor capital protection the

MJS Capital board will continue to work on a daily basis with its

retained insurance partners to pro-actively asses and address

new and developing risks within the investment management

sector.

Having secured market leading terms under the Corporate Guard – Investment Managers Insurance Policy, the following report is a consolidated response from underwriters and the Lloyds placing broker in order to provide MJS Capital plc with clarity in terms of the practical application of cover provided and the resulting protection provided to investors.

Jamie Underwood – Divisional Director Lonmar Global Risks: Lloyd’s Placing Broker

Lonmar Global Risks in partnership with AIG (Europe) Ltd , Liberty Mutual and other leading Lloyds of London syndicates in direct response to the explosive growth in the investment funds management sector have created the sector bespoke Investment Managers – Corporate Guard Insurance Policy to provide a single comprehensive insurance policy that delivers full protection against the unique risks and demands of the investment management sector. In line with the above, in order to demonstrate comprehensive adherence to corporate responsibility and a full awareness of risk, an increasing number of our clients ranging from investment funds, hedge funds, pension funds and other specialist financial services providers are choosing to specifically secure cover under the Corporate Guard – Investment Managers Insurance Policy providing indemnity certainty to investor, shareholder and other third party protection. The Corporate Guard – Investment Managers Insurance Policy is fast become the industry defacto standard. Additionally Lonmar Global Risks has seen an increasingly sophisticated demand from investors, requiring its investment and fund managers to comprehensively demonstrate proof of active risk management and indemnity linked to the protection of capital prior to deployment of subscription capital. Whilst MJS Capital plc is not currently directly regulated by the FCA, purchasing full professional protection in terms of the Corporate Guard – Investment Management Insurance Policy demonstrates a high degree of professionalism, corporate governance and risk mitigation/management to its investors.

CORPORATE GUARD INVESTMENT MANAGEMENT INSURANCE POLICY PROGRAM/WRAPPER APPLICATION REPORT

DOCUMENT OVERVIEW

Paul Bridgewater – Senior Financial Lines Underwriter - AIG (Europe) Ltd

As the lead underwriter under the MJS Capital plc program, AIG has based the terms provided under the Corporate Guard – Investment Managers Insurance Policy wording on the intrinsic understanding of the MJS Capital plc trading model with vicarious liability extended to ‘any person’ who holds a position on a company board or in an association or in a contractual partnership with MJS Capital plc being exposed to a claim from an investor, third party or a regulatory body if that person fails to discharge the role correctly, specifically if it results in financial loss/cost or breach of statute/contract.The total sum insured secured and placed by MJS Capital plc under the IMI-Corporate Guard Insurance Policy is £100,000,000 in the aggregate. This placement is a true statement of intent on behalf of MJS Capital plc as the total sum insured secured runs in direct correlation to the funds being raised through core offerings. Such unique scaling has positively reset the status quo from an industry risk management perspective. To note a placement of this scale and breadth has never before been placed in the Lloyds and London insurance market and as such has received significant plaudits from underwriters.Outside a direct guarantee of financial performance the Corporate Guard – Investment Managers Insurance Policy provides investors with a £100,000,000 primary layer of indemnity and capital protection.

Charles Wilmott – Senior Vice President – Speciality Markets – Liberty Managing Agency 4472

Liberty Specialist Markets - Syndicate 7447 has an envious track record to analyzing complex risks, identifying the industry specific perils to provide a bespoke indemnity layer that meets the exact needs of the insured linked to qualified exposures and consequential claims from investors, shareholders and more. Liberty Specialist Markets - Syndicate 7447 works directly with a number of leading global investment management clients and have industry leading expertise in the investment management sector.In collaboration with Lonmar Global Risks, AIG (Europe) Ltd and other participating Lloyd’s of London underwriters, Liberty Specialist Markets – Syndicate 7447 have contributed specialist market knowledge and underwriting expertise to create a bespoke MJS Capital plc – IMI Corporate Guard insurance policy based on the intrinsic understanding of the unique MJS Capital plc trading model.Further, in line with the exciting near term growth linked to the ongoing deployment of the MJS Capital plc business plan, Liberty Specialist Markets – Syndicate 7447 are providing future upscale capacity under the existing bespoke MJS Capital plc – IMI Corporate Guard insurance policy and indeed exploring underwriting expertise to the next unique performance risks.

KEY ELEMENTS OF COVER

MJS Capital Corporate Guard - Investment Management Insurance Policy

• Civil liability and defence costs arising from the provision of investment advisory services• Civil liability, Directors & Officers indemnity and defence costs in the management and or operation of

an investment fund• Directors & Officers liability & defence costs• Crime, protecting MJS Capital plc & Directors & Officers and the funds from direct financial loss suf-

fered as a result of infidelity or third party crimes• Cyber Crime

DIRECTORS AND OFFICERS LIABILITY

Directors & Officers also known as D&O protects an individual in the event of claims being made against him/her personally for alleged wrongful acts in their capacity as a Director or Officer or against the organi-sation. Claims can be made by shareholders or creditors but there has been a growing incidence of claims being made against Directors & Officers by investors and regulatory bodies. The cover provided to MJS Capital plc by the IMI-Corporate Guard Insurance Policy is for ‘any person’ who holds a position or a compa-ny board or in an association or contract or in a partnership with the insured, being exposed to a claim from a third party or a regulatory body if that person fails to discharge their role correctly, especially if it results in direct financial loss or breach of statute. In addition to the above, the policy will additionally cover all legal and other costs and expenses incurred in the defence of a claim.

PROFESSIONAL INDEMNITY

Professional indemnity is an insurance product that will protect MJS Capital plc the company in the event that the company is sued by a client. This could happen if a client is unhappy with the work or services MJS Capital plc have produced or any professional advice provided. Even if MJS Capital plc haven’t directly made a mistake the company may be exposed to vicarious claims and still have to indemnify investors and defend against any such claim. If You’re a professional business that provides advice and or investment

fund services to your clients, Professional Indemnity cover should be seen as an essential acquisition to your risk management procedures and resulting corporate insurance portfolio. It’s important that MJS Capital plc feel confident in the quality of work provided, but even with the best intentions accidental errors and disputes over quality, process and execution can and do happen. If they do, Professional Indemnity Insurance will protect MJS Capital plc in the event claims are brought against you by a client. Professional Indemnity will indemnify and help to put mistakes right and cover any associated legal costs.

CRIME

The Corporate Guard – Investment Management Insurance wording protects MJS Capital plc, its investors and the funds from direct financial losses suffered as a result of employee infidelity and or third party crimes. Act of infidelity - any dishonest, fraudulent or malicious act committed by an employee alone or in collusion with a third party. With respect to loans and trading, an act of infidelity means a dishonest or fraudulent act committed by an employee or third party with the intention of obtaining improper financial gain for the em-ployee or third party who committed such an act.

Third party crime - (i) any fraudulent transaction,(ii) any computer fraud or computer virus damage, or(iii) the physical loss of, damage to or destruction of property anywhere by any means; by any natural person who is not an employee and which does not fall within the definition of act of infidelity. Cover is given for reasonable expenses incurred of fees for verification or reconstitution or removal of electronic computer programs which have fraudulently or maliciously prepared, modified or deleted so as to give rise to a financial loss.

FIDELITY/CRIME

Fidelity insurance is an insurance policy whereby insurers guarantee the loyalty and honesty of an agent, officer, employee of an employer by promising to compensate the employer for losses incurred as a result of the disloyalty, dishonesty or crime of such individuals or third parties.The cover provided to MJS Capital plc by the IMI-Corporate Guard Insurance Policy has been tailored to comprehensively meet the unique dynamics of the MJS Capital plc trading model, further providing extended indemnity to any contracted third party. The total aggregate sum insured sum insured under the MJS Capital plc by the IMI-Corporate Guard Insurance Policy is £100,000,000 in the aggregate. In line with the above, the policy will additionally cover all legal and other costs and expenses incurred in the defence of a claim.

MALFEASANCE

In essence malfeasance is the Improper, negligent, or unlawful execution of an essentially lawful act, or a transgression or trespass such as misuse of authority by a firm’s director or officer or indeed contracted third party. The cover provided to MJS Capital plc by the IMI-Corporate Guard Insurance Policy has been tailored to comprehensively meet the unique dynamics of the MJS Capital plc trading model, further providing extended indemnity to any contracted third party. The total aggregate sum insured sum insured under the MJS Capital plc by the IMI-Corporate Guard Insurance Policy is £100,000,000 in the aggregate. In line with the above, the policy will additionally cover all legal and other costs and expenses incurred in the defence of a claim.

CYBER CRIME

As a business of any size, it is likely information technology (IT) infrastructure is key to some degree. If so, exposure exists to the risks of business interruption, income loss, fraudulent transactions, damage management and repair, and possibly reputational damage if IT equipment or systems fail or are interrupted. A UK Government survey estimated that in 2015 81% of large corporations and 60% of small businesses suffered a cyber breach. The average cost of a cyber-security breach is £600k-£1.15m for large businesses and £65k-115k for SMEs.

While existing insurance policies such as commercial property, business interruption or professional indemnity insurance, may provide some elements of cover against cyber risks, businesses are increasingly buying specialised cyber insurance policies to supplement their existing insurance arrangements.

Cyber insurance covers the losses relating to damage to, or loss of information from, IT systems and networks. Policies generally include significant assistance with and management of the incident itself, which can be essential when faced with reputational damage or regulatory enforcement. The cover provided to MJS Capital plc under the IMI-Corporate Guard Insurance Policy includes the following perils:-

• Loss or damage to digital assets such as data or software programmes• Business interruption from network downtime• Cyber exhortation where third parties threaten to damage or release data if money is not paid to them• Customer notification expenses when there is a legal or regulatory requirement to notify them of a

security or privacy breach• Reputational damage arising from a breach of data that results in loss of intellectual property or

customers• Theft of money or digital assets through theft of equipment or electronic theft• Third-party insurance covers the assets of others, typically your customers. This may include:• Security and privacy breaches, and the investigation, defence costs and civil damages associated with

them• Multi-media liability, to cover investigation, defence costs and civil damages arising from defamation,

breach of privacy or negligence in publication in electronic or print media• Loss of third party data, including payment of compensation to customers for denial of access, and

failure of software or systems

In line with the above, the policy will additionally cover all legal and other costs and expenses incurred in the defence of a claim.

“Cyber insurance covers the losses relating to damage to, or loss

of information from, IT systems and networks. Policies generally

include significant assistance with and management of the incident

itself, which can be essential when faced with reputational damage or

regulatory enforcement...”

HIGH LEVEL INVESTOR FAQ’S

Q 1.How will the MJS Capital Corporate Guard – Investment Managers Insurance Policy protect investors?

The MJS Capital Corporate Guard – Investment Managers Insurance Policy has been designed by expert financial line underwriters in the London and Lloyd’s of London insurance markets to specifically protect MJS Capital plc and its investors against the direct risks associated with the provision of investment management services and investment in debt trading programmes.

Investors can be confident that the forensic analysis of risk(s) undertaken by the expert financial line underwriter and Lloyd’s placing broker thoroughly links to the entire MJS Capital plc value chain and associated processes to ensure the policy cover is bespoke and fit for purpose.

Under policy sections: Professional Civil Liability, Directors & Officers Liability, Crime and Cyber Crime the MJS Capital plc Corporate Guard – Investments Managers Insurance Policy comprehensively delivers protection to investors’ capital in the event of infidelity, malfeasance and crime.

Unlike existing market norms and it’s competitors, MJS Capital plc has actively chosen to secure two separate towers of indemnity providing an individual aggregate sum insured of £100,000,000 and cumulative total sum insured of £200,000,000 in the total aggregate. This placement is a true statement of intent on behalf of MJS Capital plc as the total sum insured secured runs in direct correlation to the level of investor funds being raised through core offerings.

Such unique scaling has positively reset the status quo from an industry risk management perspective. To note a placement of this scale and breadth is a ‘first’ in the Lloyd’s of London and London insurance market and as such has received significant plaudits from underwriters.

“Unlike existing market norms and it’s competitors, MJS Capital plc has

actively chosen to secure two separate towers of indemnity providing an

individual aggregate sum insured of £100,000,000 and cumulative total

sum insured of £200,000,000 in the total aggregate...”

“ MJS Capital plc conducts full due diligence and verification on all trading partner(s) to ensure that the trading partner has an adequate and appropriate Professional Indemnity Policy in place...”

Q 2.What would happen if a trader unintentionally breaks the trading mandate by wrongly keying in a trade directly resulting in a financial loss to MJS Capital plc?

Firstly MJS Capital plc conducts full due diligence and verification on all trading partner(s) to ensure that the trading partner has an adequate and appropriate Professional Indemnity Policy in place. The traders Professional Indemnity Insurance Policy would indemnify the trader and subsequently MJS Capital plc in the event that the trader fails to discharge the role correctly, specifically if it results in financial loss/cost or breach of statute/contract.

However in order to comprehensively and pro-actively protect investors, the MJS Capital plc IMI- Corporate Guard Insurance Policy provides a primary layer of indemnity under the vicarious liability policy extension - vicarious liability cover extends to ‘any person’ who holds a position on a company board or in association or in a contractual partnership with MJS Capital plc being exposed to a claim from an investor, third party or a regulatory body if that person fails to discharge the role correctly, specifically if it results in financial loss/cost or breach of statute/contract.

The total aggregate sum insured provided by the MJS Capital plc IMI-Corporate Guard Insurance Policy under the above policy extension is £100,000,000 in the aggregate therefore providing investors with a vast layer of primary protection. Insurers reserve the right to subrogate all/any losses.

Q 3.What would happen if one of the investments chosen by MJS Capital plc ends up being a fraudulent investment and monies invested are lost?

MJS Capital plc conducts full due diligence and verification on all selected investments/trade programs, in line with the strict trade selection protocols.

However in the event that an investment selected by MJS Capital plc, provided by a contracted third party under mandate proves to be fraudulent resulting in direct financial loss the MJS Capital plc IMI-Corporate Guard Insurance Policy will provide primary indemnity on the basis of Crime and Breach of Mandate/Contract.

The total aggregate sum insured provided by the MJS Capital plc IMI-Corporate Guard Insurance Policy under the above policy extension is £100,000,000 in the aggregate therefore providing investors with a vast layer of primary protection. Insurers reserve the right to subrogate all/any losses.

Q 4.If MJS Capital plc acts fraudulently resulting in financial loss to investors or insolvency how are investors protected by the Corporate Guard – Investment Managers Insurance Policy?

Any dishonest, fraudulent or malicious act committed by MJS Capital plc or its directors, shareholders or employees resulting in direct financial loss to investors/creditors will be deemed an act of infidelity and therefore directly insured under the IMI-Corporate Guard Insurance Policy. The total limit of indemnity provided under the MJS Capital plc Corporate Guard Insurance Policy in the event of a dishonest, fraudulent or malicious act is £100,000,000 in the aggregate. Further the policy provides cover for any legal-defence costs associated to claims made.

Q 5.What would happen in the event that funds are lost or stolen due to Cyber Crime?

The MJS Capital plc Corporate Guard – Investment Management Insurance Policy wording protects the business and therefore investor funds from direct financial losses suffered as a result of employee infidelity, third party crime(s) and cyber-crime(s).

Cyber Crime is defined as cyber and third party crime - (i) any fraudulent transaction,(ii) any computer fraud or computer virus damage, or(iii) the physical loss of, damage to or destruction of property anywhere by any means; by any natural person who is not an employee and which does not fall within the definition of act of infidelity.

The total aggregate sum insured provided by the MJS Capital plc MJS Capital plc Corporate Guard – In-vestment Management Insurance Policy under the above policy extension is £100,000,000 in the aggregate therefore providing investors with a vast layer of primary protection. Insurers reserve the right to subrogate all/any losses.

Q 6.How does the Corporate Guard – Investment Management Insurance Policy provide enhanced protection to investors in the event of any miss-selling by an authorised or unauthorised firm?

Under current FSCS rules investors who are sold either an FCA regulated investment or an unregulated investment are provided with principal indemnity for £50,000.00 for each individual claim.

This cover is available as an option of last resort should the following happen:-

Approved Advice Process

1. An FCA Regulated Adviser has mis-sold the investment, a complaint is made by the investor which is upheld and that Adviser is either insolvent, has ceased trading or has not taken out the appropriate PI cover (and so cannot cover the losses) and;2. MJS Capital has also become insolvent or ceased trading so they cannot cover the losses.

Non-Advised Process

In this case, the MJS Capital plc – IMI Corporate Guard insurance policy would trigger should MJS Capital plc become insolvent or ceased trading, resulting in third party claims as a result of it’s inability to meet its mandated obligations. MJS Capital plc strictly governs the distribution of its investment products via introducing brokers/firms through the dedicated Introducing Broker Agreement (IBA). The IBA sets out the specific protocols, processes and terms of business under which introducing brokers/firms are legally obliged to adhere.This includes securing real time confirmation that the relevant IFA has a Professional Indemnity insurance policy is in force that is fit for purpose at the point of client(s) submission.

In the event that a claim is brought against MJS Capital plc by an investor as a direct result of a loss derived from the direct actions (breach of mandate) of an introducing broker/firm breaching the terms outlined in the signed IBA, the Corporate Guard – Investment Managers Insurance Policy will provide a primary layer of indemnity to claimants/investors.

Under the vicarious liability policy extension - vicarious liability cover extends to ‘any person’ who holds a position on a company board or in an association or in a contractual partnership with MJS Capital plc being exposed to a claim from an investor, third party or a regulatory body if that person fails to discharge the role correctly, specifically if it results in financial loss/cost or breach of statute/contract.

The total limit of indemnity provided under the MJS Capital plc Corporate Guard Insurance Policy is £100,000,000 in the aggregate. The policy excess relating to this section of cover stands at £50,000.

In practice, for all investments under £50,000 and where all the above stated issues arise, the FSCS will cover up to £50,000. The MJS Capital plc Corporate Guard Insurance Policy will trigger where investments of over £50,000 have been made – for example, an investment of £100,000 will be covered for £50,000 by the FSCS and indemnified at £50,000 on claim submission by the policy.

Therefore investors are provided with a substantially enhanced limit of indemnity that far surpasses the limited £50,000 currently provided by the FSCS.

Insurers reserve the right to subrogate any/all losses against the introducing broker/firm that has breached the terms of the MJS Capital plc IBA to the full value of each claim and every claim to include full related costs.

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FIXED INCOME SECURED BONDS

“AIG (Europe) Limited are a subsidiary of AIG, one of the largest and most prestigious insurancecompanies in the world. Operating from over 100 countries and jurisdictions AIG have a reputation for financial security and enjoy an S&P rating of A+...”

“The total aggregate sum insured provided by the MJS Capital plc

MJS Capital plc Corporate Guard – Investment Management Insurance

Policy under the above policy extension is £100,000,000 in the

aggregate therefore providing investors with a vast layer of primary

protection...”

Q 7.What would happen in the event Crossbar FX fail to transfer subscription monies from source (as per contract) directly into the confirmed MJS Capital plc debt trading programs?

This would be deemed an act of fraud/crime and as such the MJS Capital IMI-Corporate Guard Insurance Policy will indemnify MJS Capital against any/all claims made by a third party as a direct result of financial loss. The total limit of indemnity provided under the MJS Capital plc Corporate Guard Insurance Policy in the event of a criminal or fraudulent act is £1000,000,000 in the aggregate. Further the policy provides cover for any legal-defence costs associated to claims made. Underwriters reserve the right to subrogate all/any losses.

Q 8.What would happen in the event that NCM Fund Services (Security Trustee) acts fraudulently resulting in the direct financial loss of investor funds?

MJS Capital plc conducts strict due diligence on all partner companies. NCM Fund Services is directly authorised and regulated by the Financial Conduct Authority and carries its own separate professional indemnity/director and officers insurance policy. However, the MJS Capital plc IMI-Corporate Guard Insurance Policy provides a primary layer of indemnity under the vicarious liability policy extension - vicarious liability cover extends to ‘any person’ who holds a position on a company board or in association or in a contractual partnership with MJS Capital plc being exposed to a claim from an investor, third party or a regulatory body if that person fails to discharge the role correctly, specifically if it results in financial loss/cost or breach of statute/contract. Therefore directly insured under the IMI - Corporate Guard Insurance Policy to a total aggregate sum insured of £100,000,000. Underwriters reserve the right to subrogate all/any losses.

Q 9.What is the advantage to investors having both composite insurers and Lloyd’s of London syndicates underwriting the MJS Capital plc Corporate Guard – Investment Managers Insurance Policy?

AIG (Europe) Limited are a subsidiary of AIG, one of the largest and most prestigious insurancecompanies in the world. Operating from over 100 countries and jurisdictions AIG have a reputation for financial security and enjoy an S&P rating of A+. Liberty Specialty Markets (trading name for Liberty Managing Agency Limited) for and on behalf of syndicate 7447 at Lloyd’s of London is a subsidiary of Liberty Mutual Insurance Group. Liberty Mutual Insurance Group operates from 25 locations around the globe enjoying Fortune 100 company status and an S&P rating of A+A=+.

As Liberty Specialty Markets are providing indemnity to MJS Capital plc under the Corporate Guard – Investment Management Insurance Policy, full financial protection is provided ultimately by the Lloyds of London Central Fund. All Lloyd’s syndicates benefit from Lloyd’s central resources, including the Lloyd’s brand, its network of global licences and the Central Fund. The Central Fund is available at the discretion of the Council of Lloyd’s to meet any valid claim that cannot be met by the resources of any member.

“Ultimately the MJS Capital plc MJS Capital plc Corporate Guard –

Investment Management Insurance Policy placement is a true statement

of corporate responsibility and investor capital protection on behalf

of the board of MJS Capital plc...”

“MJS Capital plc has already secured confirmation of increased capacity for the Corporate Guard – Investment Management Insurance Policy in order to comprehensively future proof the anticipated growth of the company...”

Q 10.What measures have been taken to protect investors in the likely event that MJS Capital plc increases funds under management above the current £100,000,000 limit of indemnity provided under the Corporate Guard – Investment Management Insurance Policy?

MJS Capital plc has already secured confirmation of increased capacity for the Corporate Guard – Investment Management Insurance Policy in order to comprehensively future proof the anticipated growth of the company. The increase in capacity/limit of indemnity can be requested and incepted at any time, with the existing policy wording remaining in force. This will ensure that MJS Capital plc maintain the direct correlation between investor funds under management in line with the total limit of indemnity provided by insurers each under the MJS Capital plc Corporate Guard – Investment Management Insurance Policy.

Ultimately the MJS Capital plc MJS Capital plc Corporate Guard – Investment Management Insurance Policy placement is a true statement of corporate responsibility and investor capital protection on behalf of the board of MJS Capital plc.

The MJS Capital plc Corporate Guard – IMI insurance policy placement has positively reset the status quo from an investment management and wider industry risk management – investor capital protection perspective.

In order to stay at the forefront of investor capital protection the MJS Capital board will continue to work on a daily basis with its retained insurance partners to proactively asses and address new and developing risks within the investment management sector.

Q 11.How should an investor submit a claim and who do they contact?

Any/All potential claims should be notified in the first instance to Lonmar Global Risks by email to:-

jamie.underwood@lonmar.com

Or by phone on:

+44 (0)207 204 3621

Q12.Who do investors contact to discuss investment specific cover/indemnity ramifications?

Jamie Underwood | Divisional Director | Lonmar Global RisksT: +44 (0)207 204 3621 E: jamie.underwood@lonmar.com

Lonmar Global RisksJamie Underwood | Divisional Director | Lonmar

Global RisksT: +44 (0)207 204 3621

E: jamie.underwood@lonmar.com

Mr Christopher Hess-WęgrzeckiM: +48 790 644 717 (English&German) E:

office@hessbusinessconsulting.info Skype: hess-chris

www.hessbusinessconsulting.info