Investment Objective

The Hindsight Media EIS Fund aims to offer investors the opportunity to take advantage of the growing entertainment and media market while benefitting from the potential tax benefits of the Enterprise Investment Scheme. The Fund will invest in a diversified portfolio of film, television and video game production companies that carry on EIS qualifying trades.

The Fund’s investment strategy will prioritise capital preservation while targeting moderate returns over the life of the Fund. The Fund aims to achieve these objectives through a combination of industry experience, careful due diligence of potential investments and the use of the EIS.

The Fund is targeting 70% downside protection through a combination of production credits and pre-sales, with the remaining 30% covered by the EIS income tax relief.

Exit Strategy

The Fund is expecting to exit within 3 to 4 years from the date of investment. The majority of investments will be self-liquidating and buyers will be sought for any residual rights in productions shortly after the expiry of the three year trading period, with the companies being wound up shortly thereafter.

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

Hindsight Media Services Limited is an integrated media company that focuses on the financing of film, television and video game productions. Hindsight was founded in 2009 and is an affiliate company of Prescience Film Finance, founded in 2004. Hindsight has offices in both the UK and USA due to the predominance of production activities in both countries.

The principals of Hindsight have over 10 years of media finance experience and have collectively raised over $500m for 50 film and television projects on both sides of the Atlantic including The King’s Speech, Wolf Hall and Chef. The executive management team of Hindsight has advised across a number of EIS investments in the film and television sectors since 2010. Their in-depth commercial and industry knowledge, along with an appreciation of the technical aspects of EIS investments, has resulted in a demonstrable track record of successful EIS media investments. Hindsight’s experience and track record includes a number of EIS investments, which have achieved an average return of £1.20 for each £1 invested, or 1.2 x cash.

www.hindsightmediaservices.com

Fees

Initial Charge

Enterprise will receive an Initial Charge of 3.5% (plus VAT, if applicable) of the amounts invested in each Investee Company through the Fund. The Manager will meet all costs of the Fund from this Initial Charge such as initial legal, tax, accounting and custody and administration costs. Payable by the Investee Companies.

Annual Management Fee

Payable to Enterprise; 1% of the amounts invested in each of the Investee Companies through the Fund for the first three years and 0.5% in the fourth year. This fee will accrue from the date of the investment by the Fund in the Investee Companies and will be payable quarterly in arrears. VAT will be added where applicable. Payable by the Investee Companies.

Annual Media Adviser Fee

Hindsight will receive an annual fee of 1.5% of the amounts invested in each Investee Company through the Fund for the first three years and 0.75% in the fourth year. This fee will accrue from the date of the investment by the Fund in the Investee Companies and will be payable quarterly in arrears. VAT will be added where applicable. Payable by the Investee Companies.

Performance Incentive Fee

Enterprise will receive 5% of the net proceeds received by Investors in excess of a Hurdle of £1.20 for each £1.00 invested in the Fund.

Hindsight will receive 20% of the net proceeds received by Investors in excess of a Hurdle of £1.20 per £1.00 invested in the Fund.

Expenses

Enterprise and Hindsight shall be entitled to charge each Investee Company a pro-rata proportion of expenses reasonably incurred by them in respect of the administration of the Fund.

Kuber Specific Arrangements

Kuber receives a fundraising fee of 1.0% from the manager.

Kuber will return this fee to Investors by applying it to their Subscription amount thereby increasing their investment.