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With reference to confidentiality the information contained in and accompanying this communication may be confidential, subject to legal privilege, and is intended solely for the use of the intended recipient(s).

If you are not the intended recipient of this communication please delete and destroy all copies immediately. Emails may be interfered with, may contain computer viruses or other defects and may not be successfully replicated on other systems. Definitive Investment Holdings (Pty) Limited, Definitive Capital Management (Pty) Limited, and Definitive Asset Management (Pty) Limited gives no warranties in relation to these matters. If you have any doubts about the authenticity of the email purportedly sent by Definitive Investment Holdings (Pty) Limited, Definitive Capital Management (Pty) Limited, and Definitive Asset Management (Pty) Limited please make contact with the respective company immediately. This material is for your information only and is not intended for use by anyone other than you. This is not an offer or solicitation with respect to the purchase or sale of any securities or financial instruments. Opinions expressed are our present opinions only. The material is based upon information which we consider reliable, but we do not represent that such information is accurate nor complete, and it should not be relied upon as such. This information is current and is subject to change. Any historical price(s) or value(s) is as of the date indicated. We, or persons involved in the preparation or issuance of this material, may from time to time have long or short positions in, buy or sell, and act as market makers in, the securities or financial instruments or serve as a director of any companies mentioned herein. Electronic mail sent through the internet is not secure and could be intercepted by a third party. For your protection avoid sending identifying information such as account numbers to us by email. Further, do not send time-sensitive, action-oriented messages, such as transaction orders and fund transfer instructions. With reference to absolute return fund investments it is important to note that the South African Financial Services Board has not registered any absolute return funds as officially approved investment vehicles. Investors thus have no formal recourse should they be dissatisfied with any aspect regarding the performance, administration or reporting of such instruments. In connection with investment performance it is important to note that past performance is not indicative of future performance. Definitive Capital Management (Pty) Limited (FSP No. 833) and Definitive Asset Management (Pty) Limited (FSP No. 29465) are authorised financial services providers and are regulated by the South African Financial Services Board.


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