Krohne Fund,

L.P.

Fund Investment Objectives

The Krohne Fund, L.P. invests in listed equities in stock markets around the world. The Fund uses a bottom-up value strategy to identify high quality growth business trading at very attractive valuations. Currently a lot of those companies have been identified in emerging and frontier markets. The Fund runs an unleveraged long-only portfolio. We have a concentrated portfolio that typically consists of less than 15 companies.