Havens Partners Enhanced

Fund, L.P.

Fund Investment Objectives

Havens Partners Enhanced Fund, L.P. is a private investment limited partnership. The Fund's investment objective is to achieve above-market rates of return, primarily through capital appreciation rather than current income. The Fund seeks to accomplish its objective by investing in, or shorting, event-driven situations, such as U.S. and non-U.S. merger arbitrage transactions (an investment approach designed to profit from the successful completion of proposed mergers, takeovers, tender offers, leveraged buyouts, recapitalizations and spin-offs), and U.S. and non-U.S. high yield special situations, including recapitalizations, distressed credit investments, reorganizations, bankruptcies and liquidations.