Investment Objective

The Deepbridge Life Sciences SEIS aims to provide an opportunity to secure potentially attractive returns by investing in a diversified portfolio of early-stage life science companies, whilst taking advantage of the considerable income tax, capital gains tax, and inheritance tax benefits available under the Seed Enterprise Investment Scheme. The Fund seeks to provide capital to companies with exciting new technologies that satisfy the needs of large and growing markets within the realms of biopharmaceuticals, biotechnology and medical technology.

Companies may be engaged within the following sectors:

• Anti-viral drug discovery and development
• Antibiotic drug discovery and development
• Neurodegenerative disease therapeutics
• Cancer diagnostics and therapeutics
• Auto-immune and other metabolic disorders therapies

Key benefits of investment in the Fund include:

• An engaged hands-on approach from an experienced commercialisation team
• Free of manager fees to the Investor, up to 100% allocation of investor funds ensuring maximum tax efficiency for the investor
• All SEIS tax advantages applicable, depending on personal circumstances
• Target return of 250p for every 100p invested, a target IRR of >30% over a minimum 5 years.

Performance fee aligned to the investors’ interests.

Exit Strategy

The Deepbridge team believes that most exits in the technology sector will take place in the M&A space, and so aim to execute business models suitable for this exit route. To appear on potential acquirers’ radars, Deepbridge seeks to invest in opportunities that have the potential of becoming either a threat or a complement to existing products on the market. Exits will be sought at the earliest opportunity after the third anniversary of the investment made, however, exit strategies will likely be implemented within 4-5 years from investment date.

Fund Manager

Enterprise Investment Partners LLP

Enterprise Investment Partners LLP is a specialist smallcap investment boutique established over five years ago, whose activities include corporate finance, fund management and the design and promotion of tax-efficient investment products, with major emphasis on EIS. Enterprise has considerable experience of EIS and the tax-efficient industry, with particular expertise in the leisure, media, commercial property and renewable energy sectors. The three principals together have raised over £200m under EIS, VCT and other tax efficient structures over the last five years.

For more information please visit www.enterprise-ip.com

Fund Provider

Deepbridge Advisers Limited

Deepbridge is a different kind of investment manager. We work closely with financial advisers and investors to design innovative products, ranging from investment in technology growth companies to assetbacked renewable energy projects. We also partner with innovative and committed management teams to help UK based companies realise their potential and become successful leading- edge businesses. Deepbridge operates across four principle divisions: disruptive technology, sustainable technologies, life sciences and renewable energy.

For further information please visit deepbridgecapital.com

Fees

No fees are levied against investors prior to investment, allowing up to 100% capital deployment and therefore full taxation benefits through the Enterprise Investment Scheme.

Corporate Advisory and Arrangement Costs

Paid by the Investee Company: up to 2.5% of funds invested in that company

Annual Maintenance Fee

Paid by the Investee Company: 2% p.a.

Dealing and Custody Fees

Paid by the Investee Company: The Investment Adviser will charge each Investee Company a dealing fee of 0.65% on the sale and purchase of shares, and a Custody Administration fee of 0.50% p.a. for the provision of custody services.

Performance Incentive Fee

An incentive fee of 20% of the amount of cumulative cash returned, in excess of the amount of funds invested in the Investee Companies.

Investor Marketing and Other Fees

The Manager reserves the right to levy additional fees to the Investee Company to meet any costs relating to investor marketing, additional fundraising and administration, custody and services provided.

Shares, Options & Warrants

The Manager may also seek to take shares, options or warrants in the Investee Companies either in lieu of any of the above charges or fees in addition and in line with standard industry practice.

All fees are stated excluding any VAT which may also be charged where applicable.