Scipion Capital Limited

Disclaimer: This document is issued by Scipion Capital Ltd (“Scipion Capital”). Scipion Commodity Trade Finance Fund, Scipion Index Tracker Fund and Scipion Alpha Seeker Fund are segregated portfolios of Scipion African Opportunities Fund  SPC ( the “Fund”) and are referred to in the Offering Memorandum and Subscription Agreement as Class A, Class I and Class S respectively.  The Fund is not a UK regulated collective investment scheme (“CIS”) and the promotion of an unregulated CIS either in or from the UK or elsewhere may be restricted by law or regulation.  Consequently, this document is only made available to those persons to whom it may lawfully be distributed without the document being registered or issued or approved by an authorised person. Shares in the Fund should only be purchased by profession investors with experience of the share classes and investors or potential investors should not rely on this document to make their investment decision . Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty , express or implied, is made regarding the future performance of the Fund.  Opinion and/or estimates reflect the judgement as at the original date of publication by Scipion Capital and are subject to change without notice. The price of shares in the Fund may fall as well as rise.

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	Disclaimer: This document is issued by Scipion Capital Ltd (“Scipion Capital”). Scipion Commodity Trade Finance Fund, Scipion Index Tracker Fund and Scipion Alpha Seeker Fund are segregated portfolios of Scipion African Opportunities Fund SPC ( the “Fund”) and are referred to in the Offering Memorandum and Subscription Agreement as Class A, Class I and Class S respectively. The Fund is not a UK regulated collective investment scheme (“CIS”) and the promotion of an unregulated CIS either in or from the UK or elsewhere may be restricted by law or regulation. Consequently, this document is only made available to those persons to whom it may lawfully be distributed without the document being registered or issued or approved by an authorised person. Shares in the Fund should only be purchased by profession investors with experience of the share classes and investors or potential investors should not rely on this document to make their investment decision . Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty , express or implied, is made regarding the future performance of the Fund. Opinion and/or estimates reflect the judgement as at the original date of publication by Scipion Capital and are subject to change without notice. The price of shares in the Fund may fall as well as rise. I have read the disclaimer above
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