Proteus

Capital, L.P.

Fund Investment Objectives

The investment objective of the Fund is to seek positive absolute returns. The Fund is a technology, media and telecommunications (TMT) focused investment fund that seeks positive absolute returns by investing primarily in long and short positions in publicly-traded TMT stocks. The universe of investments for the Fund will include businesses that drive significant value-add in their businesses through the use of technology products. In addition, in certain circumstances, the fund may invest in long and short positions in publicly traded life sciences stocks. By employing a variety of long and short investments, the Partnership seeks to maximize returns by addressing the rapidly changing dynamics within these markets while reducing volatility. One of the key differentiators is the General Partner's commitment to an in-depth, participative research process yielding a concentrated thematic portfolio. All of the General Partner's investment decisions for the Partnership are driven by its extensive research effort.