Frontier Market Select Fund

II, L.P.

Fund Investment Objectives

The Frontier Market Select Fund, LP invests in listed equities in frontier stock markets in Africa, Asia, Eastern Europe and Latin America. The Fund uses a bottom-up value strategy to identify high quality growth business trading at very attractive valuations. The Fund runs an unleveraged long-only portfolio. We are building a diversified portfolio consisting of a maximum of forty stocks trading in up to twenty countries.