Olduvai Capital Asset Management (Pty) Ltd, a member of the Olduvai Capital group (‘Olduvai Capital’), is registered in South Africa and is an authorized financial services provider (Reg No. 2020/222595/07. FSP No. 51131).

Olduvai Capital has prepared and provided this document on the express understanding that the information contained herein would be regarded and treated as strictly confidential and proprietary to Olduvai Capital. It is not to be delivered, nor shall its contents be disclosed to anyone other than the entity to which it is being provided and its employees. Moreover, it shall not be reproduced or used, in whole or in part, for any purpose other than for the consideration of the information set out herein, without the prior written consent of Olduvai Capital.

This document has also been prepared solely for information purposes by Olduvai Capital. Any indicative terms provided to you are provided for your information and do not constitute an offer, a solicitation of an offer, invitation to acquire any security or to enter into any agreement, or any advice or recommendation to conclude any transaction (whether on the indicative terms or otherwise) and must not be deemed as such. Prospective investors shall have no claim against Olduvai Capital for any direct or consequential loss arising from the use of this document. Any information, indicative price quotations, disclosure materials, or analyses provided to you have been prepared on assumptions and parameters that reflect good faith determinations by Olduvai Capital and do not constitute advice by Olduvai Capital, and it should not be relied upon as such. The information, assumptions, and parameters used are not the only ones that might reasonably have been selected, and therefore, no guarantee is given as to the accuracy, completeness, or reasonableness of any such information, quotations, disclosure, or analyses. No representation or warranty is made that any indicative performance or return indicated will be achieved in the future. This document is not an official confirmation of terms, does not represent an express or implied offer, nor does it create any liability or obligation on Olduvai Capital.

Any transaction that may be concluded pursuant to this document shall be in terms of and confirmed by the signing of appropriate documentation, on terms to be agreed between the parties. The information in the document is also subject to change without notice. Prospective investors should obtain independent advice in respect of any product detailed in this document, as Olduvai Capital provides no opinion or advice including investment, tax, or legal advice and makes no representation or warranty about the suitability of a product for a particular client or circumstance. Such independent advice should be sought subject to Olduvai Capital’s prior written consent. Investments described in this material may give rise to substantial risk and are not suitable for all investors.

This information is to be used at your own risk, and Olduvai Capital makes no representation with regards to the correctness of the information herein. This document is not intended for the use of any retail client. No retail client must rely upon or make use of this document.