Inventum Absolute Return

Fund Limited

Fund Investment Objectives

The investment objective of the Company is to achieve maximum total returns through investing long and short in the most liquid Russian and CIS securities. The targeted return is double digit above Libor with an emphasis on super liquidity together with consistent low volatility and decorrelated return. The Investment Manager is a specialist in the Russian and CIS equity markets but there are no material limitations on the investment strategies that the Investment Manager may employ on behalf of the Company or the instruments, markets or countries in which the Company may invest or trade.