Northern Rivers Global

Energy Fund L.P.

Fund Investment Objectives

The investment objective of Global Energy Fund is to maximize absolute returns on investments through securities selection and asset allocation, while using hedging activities and asset allocation in an attempt to manage market risk. Global Energy Fund focuses on achieving growth of capital through superior securities selection. Global Energy Fund pursues a long-term investment program with the aim of generating capital gains. Global Energy Fund is invested according to the following guidelines: the assets of Global Energy Fund are allocated at the discretion of the Manager to those investment strategies that balance risk, return and liquidity. Global Energy Fund may borrow money from brokerage firms, banks and others to make investments. Global Energy Fund makes use of equity derivatives, such as calls and puts, index futures and exchange traded funds to manage risk. Northern Rivers does not normally charge a redemption fee. We do however reserve the right to charge the lesser of the disposition expenses (including brokerage fees and/or market spread) incurred to enable the fund to fund such a redemption and 2% of the Net Asset Value of such units. In extraordinary circumstances, Northern Rivers may apply a redemption surcharge, in addition to the 2% previously noted fee, which is equal to 2% of the NAV of the units redeemed. Northern Rivers has the right to hold back up to 20% of the NAV being redeemed to provide for the orderly disposition of assets.