Benefits of investing in FPC

By investing in the Company, Shareholders will:

• gain access to the skills of an experienced investment team;

• diversify their own portfolio through exposure to a global multi-asset class investment strategy driven by a value based thematic style that seeks to identify and then take advantage of key investment inflection points; and

• invest in a portfolio which is managed with the aim of reducing market directional risk. As it is newly incorporated, the Company has no existing business. Subject to the successful completion of the Offer, the Company will become an ASX listed company.

About the Fund

A unique opportunity to invest in a concentrated investment fund that is focused on taking a strongly contrarian approach to systematically investing in global themes at key inflection points.

The Company has been established to provide investors with access to an actively managed global portfolio built around high conviction ideas, aiming at timing key investment inflection points to maximise returns. By adopting a contrarian approach this strategy will seek to identify investment opportunities that are being largely ignored by the wider market.

The investment strategy of the Company is to actively manage an investment portfolio across equities, commodities, currency, cash and derivatives throughout their respective market cycles with the aim of enhancing the long-term performance outcomes, using a contrarian investment style targeting key inflection points. The Manager's philosophy is that markets tend to overreact to events, which presents short term overpriced or underpriced opportunities. The Company will invest in a concentrated portfolio of investments targeting the turning points of these opportunities and will not be benchmark constrained, providing the agility to target opportunities across a wide range of asset classes, both rapidly and effectively.

The Company's objectives are to maximise total returns on behalf of Shareholders over time, while remaining mindful of managing risk and reducing portfolio volatility. This is not intended to be a forecast, it is merely an investment objective of the Company. The Company may not be successful in meeting this objective.

The investment style is "active, creating a portfolio of investments that is not comparable in make-up to any specific benchmark.

How we invest your money

The Investment Strategy of the Company is to take a strongly contrarian approach

to systematically investing in global themes at key inflection points across multiple asset classes, combining a strong core and concentrated portfolio of typically 15-25 listed securities and exchange traded funds for the majority of the Company's capital. The balance of the Company's capital will be invested between cash and an active trading portfolio. The active trading component will take advantage of shorter term opportunities regardless of market direction and be across a wider mandate including equities, currencies, commodities and derivatives, and have the ability to undertaking shorting.

The Company will invest in:

• listed securities, being any security quoted on global stock markets including without limitation, shares, securities, units or notes which are redeemable, preference or deferred, fully or partly paid, with or without any right, title or interest thereto or therein (including a right to subscribe for or convert to any such security and including a right to subscribe for or convert to any such security if it is unlisted and there are plans to list);

• warrants and options to purchase any investment and warrants, and options to sell any investment which is a permitted investment;

• cash, including cheques, bank deposits, bank transfers, bank drafts and bills of exchange;

• debentures, unsecured notes and bonds of a corporation of at least an investment grade credit rating granted by a recognised credit rating agency;

• units or other interests in cash management trusts; (vi) exchange traded funds;

• commodities;

• currencies;

• futures or derivatives contracts over shares, currencies and commodities or equity indices or any other kind of foreign currency hedging; and

• any other investment which the Manager may utilise in the management of the Portfolio in accordance with the AFSL it is operating under.