Enko Opportunity Growth Fund

Ltd

Fund Investment Objectives

The primary investment objective of the Fund is long term capital appreciation. The Investment Manager will seek to achieve the Fund's objective by investing substantially all of the assets in the Master Fund. The Investment Manager believes that the Fund offers investors a unique opportunity to take advantage of favorable developments in African economies and capital markets. This trend is the result of a favorable global macroeconomic environment essentially driven by debt relief initiative, higher commodity prices and to some extent, improving political governance. Africa is becoming an attractive investment destination generating high returns, yet its capital markets remain fairly underdeveloped. In a context of a globalised world economy risk appetite is increasing, hence expanding the traditional investment frontiers. There can be no assurance that this state of affairs can continue. The Investment Manager will seek to achieve the Fund's objective by investing in the African capital markets by exposure through the Master Fund. The Fund will seek to achieve excellent returns by investing in a portfolio of African equities, fixed income and other related asset classes. The Fund will provide investors with a powerful diversification vehicle via the Master Fund. The scope for diversification is illustrated by the low historical correlation between the African market and all the other markets. There can be no assurance that the Master Fund's investment objective will be achieved. The Fund will leverage from its strong origination and distribution capabilities in the African capital markets. By focusing on these markets and actively managing the portfolio, the Investment Manager believes it will be well positioned to take advantage of its deep understanding of the local investment processes. The Fund will invest in all African countries, with a particular focus on the following core countries: East Africa (Kenya, Uganda, Tanzania), West Africa (Nigeria, Cote d'Ivoire, Senegal, Mali, Ghana), Central Africa (Cameroon, Gabon), Southern Africa (Zimbabwe, Zambia, Madagascar, Malawi, Swaziland, Botswana, Namibia) & Northern Africa (Egypt, Morocco, Tunisia). AUM is not provided.